Local billings of $361 million, up 5% (FX-neutral) from the first quarter

Announces plan to lower annual expenses by $150 million; Executing turnaround strategy

Reiterates 2023 Financial Targets

Groupon (NASDAQ:GRPN) issued its second quarter earnings press release today and announced a plan to lower annual expenses and outlined progress on the company’s turnaround strategy.

The second quarter earnings materials are posted on Groupon’s Investor Relations site located at investor.groupon.com.

About Groupon

Groupon (www.groupon.com) (NASDAQ: GRPN) is a trusted local marketplace where consumers go to buy services and experiences that make life more interesting and deliver boundless value. To find out more about Groupon, please visit https://about.groupon.com/press.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220808005699/en/