Groupon (GRPN) 10-Q 10 May 23 2023 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2023	May 05, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Document Transition Report	false
Entity File Number	1-35335
Entity Registrant Name	Groupon, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	27-0903295
Entity Address, Address Line One	600 W Chicago Avenue
Entity Address, Address Line Two	Suite 400
Entity Address, City or Town	Chicago
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60654
City Area Code	(312)
Local Phone Number	334-1579
Title of 12(b) Security	Common stock, par value $0.0001 per share
Trading Symbol	GRPN
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Smaller Reporting Company	false
Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		30,791,587
Entity Central Index Key	0001490281
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 163,757	$ 281,279
Accounts receivable, net	37,263	44,971
Prepaid expenses and other current assets	40,717	41,101
Total current assets	241,737	367,351
Property, equipment and software, net	49,373	56,731
Right-of-use assets - operating leases, net	8,157	12,127
Goodwill	178,685	178,685
Intangible assets, net	16,237	17,641
Investments	119,541	119,541
Deferred income taxes	13,756	13,550
Other non-current assets	23,157	27,491
Total assets	650,643	793,117
Current liabilities:
Short-term borrowings	47,700	75,000
Accounts payable	27,537	59,568
Accrued merchant and supplier payables	196,890	225,420
Accrued expenses and other current liabilities	153,678	171,452
Total current liabilities	425,805	531,440
Convertible senior notes, net	225,307	224,923
Operating lease obligations	6,527	9,310
Other non-current liabilities	17,482	18,586
Total liabilities	675,121	784,259
Commitments and contingencies (see Note 6)
Stockholders' equity (deficit)
Common stock, par value $0.0001 per share, 100,500,000 shares authorized; 41,100,451 shares issued and 30,806,334 shares outstanding at March 31, 2023; 40,786,996 shares issued and 30,492,879 shares outstanding at December 31, 2022	4	4
Additional paid-in capital	2,324,434	2,322,672
Treasury stock, at cost, 10,294,117 shares at March 31, 2023 and December 31, 2022	(922,666)	(922,666)
Accumulated deficit	(1,423,624)	(1,394,477)
Accumulated other comprehensive income (loss)	(2,906)	2,942
Total Groupon, Inc. stockholders' equity (deficit)	(24,758)	8,475
Noncontrolling interests	280	383
Total equity (deficit)	(24,478)	8,858
Total liabilities and equity (deficit)	$ 650,643	$ 793,117

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Common stock, par value (in usd per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	100,500,000	100,500,000
Common stock, shares issued (in shares)	41,100,451	40,786,996
Common stock, shares outstanding (in shares)	30,806,334	30,492,879
Treasury stock (in shares)	10,294,117	10,294,117

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Revenue	$ 121,611	$ 153,320
Cost of revenue	16,900	19,319
Gross profit	104,711	134,001
Operating expenses:
Marketing	24,848	39,416
Selling, general and administrative	101,634	126,420
Restructuring and related charges	8,794	312
Total operating expenses	135,276	166,148
Income (loss) from operations	(30,565)	(32,147)
Other income (expense), net	3,070	(4,880)
Income (loss) before provision (benefit) for income taxes	(27,495)	(37,027)
Provision (benefit) for income taxes	1,118	(2,675)
Net income (loss)	(28,613)	(34,352)
Net (income) loss attributable to noncontrolling interests	(534)	(500)
Net income (loss) attributable to Groupon, Inc.	$ (29,147)	$ (34,852)
Earnings Per Share [Abstract]
Basic net income (loss) per share (in usd per share)	$ (0.95)	$ (1.17)
Diluted net income (loss) per share (in usd per share)	$ (0.95)	$ (1.17)
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Basic weighted average number of shares outstanding (in shares)	30,676,145	29,862,879
Diluted weighted average number of shares outstanding (in shares)	30,676,145	29,862,879
Comprehensive income (loss):
Net income (loss)	$ (28,613)	$ (34,352)
Other comprehensive income (loss):
Net change in unrealized gain (loss) on foreign currency translation adjustments	(5,848)	3,369
Other comprehensive income (loss)	(5,848)	3,369
Comprehensive income (loss)	(34,461)	(30,983)
Comprehensive (income) loss attributable to noncontrolling interest	(534)	(500)
Comprehensive income (loss) attributable to Groupon, Inc.	$ (34,995)	$ (31,483)

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) - USD ($) $ in Thousands	Total	Total Groupon, Inc. Stockholders' Equity (Deficit)	Common Stock	Additional Paid-In Capital	Treasury Stock	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss)	Non-controlling Interests
Beginning balance (in shares) at Dec. 31, 2021			40,007,255
Beginning balance (in shares) at Dec. 31, 2021					(10,294,117)
Beginning balance at Dec. 31, 2021	$ 210,296	$ 209,872	$ 4	$ 2,294,215	$ (922,666)	$ (1,156,868)	$ (4,813)	$ 424
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)	(30,983)	(31,483)				(34,852)	3,369	500
Vesting of restricted stock units and performance share units (in shares)			308,152
Shares issued under employee stock purchase plan (in shares)			30,022
Shares issued under employee stock purchase plan	591	591		591
Tax withholdings related to net share settlements of stock-based compensation awards (in shares)			(118,589)
Tax withholdings related to net share settlements of stock-based compensation awards	(2,597)	(2,597)		(2,597)
Stock-based compensation on equity-classified awards	8,349	8,349		8,349
Distributions to noncontrolling interest holders	(814)							(814)
Ending balance (in shares) at Mar. 31, 2022			40,226,840
Ending balance (in shares) at Mar. 31, 2022					(10,294,117)
Ending balance at Mar. 31, 2022	$ 184,842	184,732	$ 4	2,300,558	$ (922,666)	(1,191,720)	(1,444)	110
Beginning balance (in shares) at Dec. 31, 2022			40,786,996
Beginning balance (in shares) at Dec. 31, 2022	(10,294,117)				(10,294,117)
Beginning balance at Dec. 31, 2022	$ 8,858	8,475	$ 4	2,322,672	$ (922,666)	(1,394,477)	2,942	383
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)	(34,461)	(34,995)				(29,147)	(5,848)	534
Vesting of restricted stock units and performance share units (in shares)			420,471
Shares issued under employee stock purchase plan (in shares)			33,803
Shares issued under employee stock purchase plan	246	246		246
Tax withholdings related to net share settlements of stock-based compensation awards (in shares)			(140,819)
Tax withholdings related to net share settlements of stock-based compensation awards	(1,031)	(1,031)		(1,031)
Stock-based compensation on equity-classified awards	2,547	2,547		2,547
Distributions to noncontrolling interest holders	$ (637)							(637)
Ending balance (in shares) at Mar. 31, 2023			41,100,451
Ending balance (in shares) at Mar. 31, 2023	(10,294,117)				(10,294,117)
Ending balance at Mar. 31, 2023	$ (24,478)	$ (24,758)	$ 4	$ 2,324,434	$ (922,666)	$ (1,423,624)	$ (2,906)	$ 280

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Operating activities
Net income (loss)		$ (28,613)	$ (34,352)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization of property, equipment and software		12,387	15,200
Amortization of acquired intangible assets		2,118	2,169
Stock-based compensation		2,363	7,506
Foreign currency (gains) losses, net		(4,087)	3,358
Change in assets and liabilities:
Accounts receivable		8,319	(15,963)
Prepaid expenses and other current assets		3,493	(2,092)
Right-of-use assets - operating leases		4,008	4,609
Accounts payable		(32,073)	7,088
Accrued merchant and supplier payables		(29,467)	(35,904)
Accrued expenses and other current liabilities		782	(18,366)
Operating lease obligations		(8,239)	(7,648)
Payment for early lease termination		(9,601)	0
Other, net		2,290	(3,769)
Net cash provided by (used in) operating activities		(76,320)	(78,164)
Investing activities
Purchases of property and equipment and capitalized software		(9,544)	(13,001)
Proceeds from sale of assets		1,088	0
Acquisitions of intangible assets and other investing activities		(557)	(915)
Net cash provided by (used in) investing activities		(9,013)	(13,916)
Financing activities
Payments of borrowings under revolving credit agreement		(27,300)	0
Taxes paid related to net share settlements of stock-based compensation awards		(1,007)	(2,523)
Other financing activities		(890)	(441)
Net cash provided by (used in) financing activities		(29,197)	(2,964)
Effect of exchange rate changes on cash, cash equivalents and restricted cash		(148)	(771)
Net increase (decrease) in cash, cash equivalents and restricted cash		(114,678)	(95,815)
Cash, cash equivalents and restricted cash, beginning of period	[1]	281,696	499,483
Cash, cash equivalents and restricted cash, end of period	[1]	167,018	403,668
Supplemental disclosure of cash flow information:
Cash paid for interest		2,578	1,721
Income tax payments		1,526	1,597
Increase (decrease) in liabilities related to purchases of property and equipment and capitalized software		(4,552)	(1,352)
Cash paid for amounts included in the measurement of operating lease liabilities		$ 18,145	$ 7,936
[1] The following table provides a reconciliation of Cash, cash equivalents and restricted cash shown above to amounts reported within the Condensed Consolidated Balance Sheets as of March 31, 2023, December 31, 2022, March 31, 2022 and December 31, 2021 (in thousands): March 31, 2023 December 31, 2022 March 31, 2022 December 31, 2021 Cash and cash equivalents $ 163,757 $ 281,279 $ 403,006 $ 498,726 Restricted cash included in prepaid expenses and other current assets 3,261 417 662 757 Cash, cash equivalents and restricted cash $ 167,018 $ 281,696 $ 403,668 $ 499,483

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands		Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Restricted Cash [Abstract]
Cash and cash equivalents		$ 163,757	$ 281,279	$ 403,006	$ 498,726
Restricted cash included in prepaid expenses and other current assets		3,261	417	662	757
Cash, cash equivalents and restricted cash	[1]	$ 167,018	$ 281,696	$ 403,668	$ 499,483
[1] The following table provides a reconciliation of Cash, cash equivalents and restricted cash shown above to amounts reported within the Condensed Consolidated Balance Sheets as of March 31, 2023, December 31, 2022, March 31, 2022 and December 31, 2021 (in thousands): March 31, 2023 December 31, 2022 March 31, 2022 December 31, 2021 Cash and cash equivalents $ 163,757 $ 281,279 $ 403,006 $ 498,726 Restricted cash included in prepaid expenses and other current assets 3,261 417 662 757 Cash, cash equivalents and restricted cash $ 167,018 $ 281,696 $ 403,668 $ 499,483

DESCRIPTION OF BUSINESS AND BAS

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Company Information Groupon, Inc. and its subsidiaries, which commenced operations in October 2008, is a global scaled two-sided marketplace that connects consumers to merchants by offering goods and services, generally at a discount. Consumers access those marketplaces through our mobile applications and our websites. Our operations are organized into two segments: North America and International. See Note 13, Segment Information . Unaudited Interim Financial Information We have prepared the accompanying Condensed Consolidated Financial Statements pursuant to the rules and regulations of the SEC for interim financial reporting. These Condensed Consolidated Financial Statements are unaudited and, in our opinion, include all adjustments, consisting of normal recurring adjustments and accruals, necessary for a fair presentation of the Condensed Consolidated Balance Sheets, Statements of Operations and Comprehensive Income (Loss), Cash Flows and Stockholders' Equity for the periods presented. These Condensed Consolidated Financial Statements and notes should be read in conjunction with the audited Consolidated Financial Statements and notes included in our Annual Report on Form 10-K for the year ended December 31, 2022. Principles of Consolidation The Condensed Consolidated Financial Statements include the accounts of Groupon, Inc. and its wholly-owned subsidiaries, majority-owned subsidiaries over which we exercise control and variable interest entities for which we are the primary beneficiary. All intercompany accounts and transactions have been eliminated in consolidation. Outside stockholders' interests in subsidiaries are shown on the Condensed Consolidated Financial Statements as Noncontrolling interests. Investments in entities in which we do not have a controlling financial interest are accounted for at fair value as available-for-sale securities or at cost adjusted for observable price changes and impairments, as appropriate. Going Concern The accompanying Condensed Consolidated Financial Statements are prepared in accordance with U.S. generally accepted accounting principles ("GAAP") applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. In accordance with ASU No. 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (Subtopic 205-40) , we have evaluated whether there are conditions and events, considered in the aggregate, that raise substantial doubt about our ability to continue as a going concern within one year after the date that the Condensed Consolidated Financial Statements are issued. Our Net cash used in operating activities was $136.0 million and $124.0 million for the years ended December 31, 2022 and December 31, 2021. Net cash used in operating activities was $76.3 million and $78.2 million for the three months ended March 31, 2023 and 2022. Cash and cash equivalents were $163.8 million as of March 31, 2023. We entered into a fourth amendment to the revolving credit agreement in March 2023, which reduced our borrowing capacity and modified certain financial covenants as described in Note 5, Financing Arrangements . The fourth amendment to the revolving credit agreement matures on May 14, 2024. Continued cash outflows and operating losses indicate that we may not be able to meet our obligations over the next twelve months. These conditions and events, when considered in the aggregate, raised substantial doubt about our ability to continue as a going concern. In January 2023, our Board approved the second phase of the 2022 Restructuring Plan which we estimate will result in approximately $100.0 million in annualized cost savings as described in Note 9, Restructuring and Related Charges . The 2022 Restructuring Plan is expected to include an overall reduction of approximately 1,000 positions globally, of which the majority have been completed with the remaining expected to occur by the end of 2023. Management will also take steps to minimize the risk certain payment processors will require reserves or holdback receivables. We believe management's plans are probable of being achieved to alleviate substantial doubt about our ability to continue as a going concern and we will have sufficient liquidity to meet our obligations as they become due over the next twelve months. We are also currently evaluating several different strategies to enhance our liquidity position. These strategies may include, but are not limited to, pursuing additional actions under our multi-phase cost savings plan, seeking additional financing from both the public and private markets through the issuance of equity or debt securities, and monetizing certain assets. Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the Condensed Consolidated Financial Statements and accompanying notes. Estimates in our financial statements include, but are not limited to, the following: variable consideration from unredeemed vouchers; income taxes; leases; initial valuation and subsequent impairment testing of goodwill, other intangible assets and long-lived assets; investments; receivables; customer refunds and other reserves; contingent liabilities; and the useful lives of property, equipment and software and intangible assets. Actual results could differ materially from those estimates. Reclassifications Certain reclassifications have been made to the Condensed Consolidated Financial Statements of prior periods to conform to the current period presentation. Adoption of New Accounting Standards There were no new accounting standards adopted during the three months ended March 31, 2023.

GOODWILL AND LONG-LIVED ASSETS

GOODWILL AND LONG-LIVED ASSETS	3 Months Ended
	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND LONG-LIVED ASSETS	GOODWILL AND LONG-LIVED ASSETS We performed an assessment in the first quarter of 2023 and did not identify a triggering event that would have required us to test for impairment for the period. During the three months ended March 31, 2022, we determined the impact to our business from the new variant of COVID-19 required us to evaluate our goodwill and long-lived assets for impairment. Our interim quantitative assessment for the first quarter of 2022 did not identify any goodwill or long-lived asset impairment. In order to evaluate goodwill and long-lived assets for impairment, we compared the fair value of our two reporting units, North America and International, and our asset groups to their carrying values. In determining the fair values of our reporting units and asset groups, we used the discounted cash flow method under the income approach that uses Level 3 inputs. Goodwill As of March 31, 2023 and December 31, 2022, the balance of our goodwill was $178.7 million. There was no goodwill activity during the first quarter 2023. All goodwill is within our North America segment and both North America and International segments had a negative carrying value as of March 31, 2023 and the International segment had a negative carrying value as of December 31, 2022. Long-Lived Assets The following table summarizes intangible assets as of March 31, 2023 and December 31, 2022 (in thousands): March 31, 2023 December 31, 2022 Gross Carrying Value Accumulated Amortization Net Carrying Value Gross Carrying Value Accumulated Amortization Net Carrying Value Merchant relationships $ 18,305 $ 15,426 $ 2,879 $ 17,912 $ 14,327 $ 3,585 Trade names 9,390 8,484 906 9,340 8,382 958 Patents 13,304 6,737 6,567 13,341 6,701 6,640 Other intangible assets 17,528 11,643 5,885 17,517 11,059 6,458 Total $ 58,527 $ 42,290 $ 16,237 $ 58,110 $ 40,469 $ 17,641 Amortization of intangible assets is computed using the straight-line method over their estimated useful lives, which range from 1 to 10 years. Amortization expense related to intangible assets was $2.1 million and $2.2 million for the three months ended March 31, 2023 and 2022. As of March 31, 2023, estimated future amortization expense related to intangible assets is as follows (in thousands): Remaining amounts in 2023 $ 5,587 2024 4,226 2025 2,733 2026 1,867 2027 1,191 Thereafter 633 Total $ 16,237

INVESTMENTS

INVESTMENTS	3 Months Ended
	Mar. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
INVESTMENTS	INVESTMENTS As of March 31, 2023 and December 31, 2022, our carrying value in other equity investments was $119.5 million and our available-for-sale securities and fair value option investments had a carrying value of zero. There were no changes in fair value of our investments for the three months ended March 31, 2023. The following table summarizes our percentage ownership in our investments as of the dates noted below: March 31, 2023 and December 31, 2022 Other equity investments 1% to 19% Available-for-sale securities 1% to 19% Fair value option investments 10% to 19%

SUPPLEMENTAL CONDENSED CONSOLID

SUPPLEMENTAL CONDENSED CONSOLIDATED BALANCE SHEETS AND STATEMENTS OF OPERATIONS INFORMATION	3 Months Ended
	Mar. 31, 2023
Supplemental Consolidated Balance Sheet & Statement of Operations Information [Abstract]
SUPPLEMENTAL CONDENSED CONSOLIDATED BALANCE SHEETS AND STATEMENTS OF OPERATIONS INFORMATION	SUPPLEMENTAL CONDENSED CONSOLIDATED BALANCE SHEETS AND STATEMENTS OF OPERATIONS INFORMATION The following table summarizes Other income (expense), net for the three months ended March 31, 2023 and 2022 (in thousands): Three Months Ended March 31, 2023 2022 Interest income $ 4,471 $ 1,315 Interest expense (5,621) (2,883) Foreign currency gains (losses), net and other 4,220 (3,312) Other income (expense), net $ 3,070 $ (4,880) The following table summarizes Prepaid expenses and other current assets as of March 31, 2023 and December 31, 2022 (in thousands): March 31, 2023 December 31, 2022 Prepaid expenses $ 10,471 $ 16,048 Income taxes receivable 7,045 6,691 Deferred cloud implementation cost, net 10,820 9,362 Other 12,381 9,000 Total prepaid expenses and other current assets $ 40,717 $ 41,101 The following table summarizes Other non-current assets as of March 31, 2023 and December 31, 2022 (in thousands): March 31, 2023 December 31, 2022 Deferred contract acquisition costs, net $ 4,347 $ 4,815 Deferred cloud implementation costs, net 14,337 17,684 Other 4,473 4,992 Total other non-current assets $ 23,157 $ 27,491 The following table summarizes Accrued expenses and other current liabilities as of March 31, 2023 and December 31, 2022 (in thousands): March 31, 2023 December 31, 2022 Refund reserve $ 10,745 $ 11,072 Compensation and benefits 13,113 15,005 Accrued marketing 11,387 19,596 Restructuring-related liabilities 6,808 4,782 Customer credits 34,370 36,220 Operating lease obligations 22,482 37,525 Other (1) 54,773 47,252 Total accrued expenses and other current liabilities $ 153,678 $ 171,452 (1) Includes certain payroll taxes deferred under the Coronavirus Aid, Relief and Economic Security ("CARES") Act of $2.7 million as of December 31, 2022. This balance was paid in January 2023. The following table summarizes Other non-current liabilities as of March 31, 2023 and December 31, 2022 (in thousands): March 31, 2023 December 31, 2022 Contingent income tax liabilities $ 11,030 $ 11,213 Deferred income taxes 3,128 3,100 Other 3,324 4,273 Total other non-current liabilities $ 17,482 $ 18,586

FINANCING ARRANGEMENTS

FINANCING ARRANGEMENTS	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
FINANCING ARRANGEMENTS	FINANCING ARRANGEMENTS Convertible Senior Notes due 2026 The convertible senior notes due 2026 (the “2026 Notes”) bear interest at a rate of 1.125% per annum, payable semiannually in arrears on March 15 and September 15 of each year, with an annual effective interest rate of 1.83%. The 2026 Notes will mature on March 15, 2026, subject to earlier repurchase, redemption or conversion. The carrying amount of the 2026 Notes consisted of the following as of March 31, 2023 and December 31, 2022 (in thousands): March 31, 2023 December 31, 2022 Principal amount $ 230,000 $ 230,000 Less: debt discount (4,693) (5,077) Net carrying amount of liability $ 225,307 $ 224,923 We classified the fair value of the 2026 Notes as a Level 3 measurement due to the lack of observable market data over fair value inputs such as our stock price volatility over the term of the 2026 Notes and our cost of debt. The estimated fair value of the 2026 Notes as of March 31, 2023 and December 31, 2022 was $94.0 million and $133.1 million and was determined using a lattice model. During the three months ended March 31, 2023 and 2022, we recognized interest costs on the 2026 Notes as follows (in thousands): Three Months Ended March 31, 2023 2022 Contractual interest $ 647 $ 647 Amortization of debt discount 384 378 Total $ 1,031 $ 1,025 Capped Call Transactions In connection with the 2026 Notes, we entered into privately-negotiated capped call transactions. The capped call transactions cover, subject to customary adjustments, the number of shares of common stock initially underlying the 2026 Notes. The capped call transactions are expected generally to reduce potential dilution to our common stock upon any conversion of the 2026 Notes and/or offset any cash payments we are required to make in excess of the principal amount of converted notes, with such reduction and/or offset subject to a cap initially equal to $104.80 (which represents a premium of 100% over the last reported sale price of our common stock on The Nasdaq Global Select Market on March 22, 2021), subject to certain adjustments under the terms of the capped call transactions. Revolving Credit Agreement In May 2019, we entered into a second amended and restated senior secured revolving credit agreement, which matures on May 14, 2024, as amended from time to time (the "Amended Credit Agreement"). Most recently, in March 2023, we entered into a fourth amendment to the revolving credit agreement (the "Fourth Amendment" and together with the Amended Credit Agreement the "Existing Credit Agreement") to modify certain financial covenants and provide for additional flexibility in our operations, among other changes, including certain modifications to (i) our requirements to maintain monthly minimum liquidity balance (including any undrawn amounts under the revolving credit facility) of at least $50.0 million, (ii) the calculation of EBITDA under the Existing Credit Agreement, (iii) mandatory prepayment requirements and (iv) certain affirmative covenants. In addition, the Fourth Amendment reduced our borrowing capacity under our senior secured revolving credit facility from $150.0 million to $75.0 million, which provides for the issuance of up to $75.0 million in letters of credit, provided that the sum of outstanding borrowings and letters of credit do not exceed the maximum funding commitment of $75.0 million. We deferred debt issuance costs of $4.6 million in aggregate in connection with the Existing Credit Agreement. Deferred debt issuance costs are included within Other non-current assets on the Condensed Consolidated Balance Sheet as of March 31, 2023 and are amortized to interest expense over the term of the respective agreement. As of March 31, 2023, we were in compliance with the covenants under our Existing Credit Agreement. Non-compliance with the covenants under the Existing Credit Agreement may result in termination of the commitments thereunder and then any outstanding borrowings may be declared due and payable immediately. We have the right to terminate the Existing Credit Agreement or reduce the available commitments at any time. Amounts committed to outstanding borrowings and letters of credit under our Existing Credit Agreement as of March 31, 2023 and our Amended Credit Agreement as of December 31, 2022 were as follows (in thousands): March 31, 2023 December 31, 2022 Borrowings $ 47,700 $ 75,000 Letters of credit 24,809 24,900

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Our contractual obligations and commitments and future sublease income under our contractually obligated operating subleases as of March 31, 2023 and through the date of this report, did not materially change from the amounts set forth in our 2022 Annual Report on Form 10-K. We sublease a portion of 600 West Chicago to Uptake, Inc. "Uptake." In the first quarter of 2023, we initiated a lawsuit against Uptake in the Circuit Court of Cook County for breach of the lease agreement and that lawsuit remains pending. Legal Matters and Other Contingencies From time to time, we are party to various legal proceedings incident to the operation of our business. For example, we currently are involved in proceedings brought by merchants, employment and related matters, intellectual property infringement suits, customer lawsuits, stockholder claims relating to U.S. securities law, consumer class actions and suits alleging, among other things, violations of state consumer protection or privacy laws. Four shareholders have filed separate shareholder derivative lawsuits (collectively, the "Derivative Lawsuits") in relation to a previously settled lawsuit that alleged that Groupon and certain of its officers made materially false and/or misleading statements or omissions regarding its business, operations and prospects, specifically as it relates to reiterating its full year guidance on November 4, 2019 and the Groupon Select program (the "Securities Lawsuit"). First, on September 9, 2021, a shareholder named Jonathan Frankel filed a federal derivative lawsuit in the United States District Court for District of Delaware. Second, on January 19, 2022, a shareholder named Alyssa Estreen filed a derivative lawsuit in the Court of Chancery in the State of Delaware. Third, on January 24, 2022, a shareholder named Saman Khoury filed a derivative lawsuit, also in the Court of Chancery in the State of Delaware. Finally, on May 9, 2022, a shareholder named Moriah Anders filed a lawsuit, also in the Court of Chancery in the State of Delaware. All four lawsuits name Groupon and certain of the Company's former and current officers and directors. The allegations in all four Derivative Lawsuits relate to the same time period and events that are the subject of the Securities Lawsuit and allege that the Company and its shareholders have sustained damages as a result of the conduct of certain current and former officers and directors. The Plaintiffs in each of these Derivative Lawsuits seek unspecified damages they allege were sustained by the Company, injunctive and equitable relief and attorneys’ fees. All four matters have been stayed pending settlement discussions. On February 2, 2023, the Parties to all four Derivative Lawsuits executed a Stipulation of Settlement that was filed in Delaware Chancery Court. Under the settlement, Groupon has agreed to undertake certain corporate reforms. The Settlement requires notice to shareholders and Court approval. Counsel for the Plaintiffs will submit a petition to the Court to be awarded attorneys' fees, the amount of which is at the discretion of the Court. Any attorney fee award will be covered under Groupon's directors and officers insurance policies. In addition, third parties have from time to time claimed, and others may claim in the future, that we have infringed their intellectual property rights. We are subject to intellectual property disputes, including patent infringement claims, and expect that we will continue to be subject to intellectual property infringement claims as our services expand in scope and complexity. In the past, we have litigated such claims, and we are presently involved in several patent infringement and other intellectual property-related claims, including pending litigation or trademark disputes relating to, for example, our Goods category, some of which could involve potentially substantial claims for damages or injunctive relief. We may also become more vulnerable to third-party claims as laws such as the Digital Millennium Copyright Act are interpreted by the courts, and we become subject to laws in jurisdictions where the underlying laws with respect to the potential liability of online intermediaries are either unclear or less favorable. We believe that additional lawsuits alleging that we have violated patent, copyright or trademark laws may be filed against us. Intellectual property claims, whether meritorious or not, are time consuming and often costly to resolve, could require expensive changes in our methods of doing business or the goods we sell, or could require us to enter into costly royalty or licensing agreements. We also are subject to consumer claims or lawsuits relating to alleged violations of consumer protection or privacy rights and statutes, some of which could involve potentially substantial claims for damages, including statutory or punitive damages. Consumer and privacy-related claims or lawsuits, whether meritorious or not, could be time consuming, result in costly litigation, damage awards, fines and penalties, injunctive relief or increased costs of doing business through adverse judgment or settlement, or require us to change our business practices, sometimes in expensive ways. We are also subject to, or in the future may become subject to, a variety of regulatory inquiries, audits, and investigations across the jurisdictions where we conduct our business, including, for example, inquiries related to consumer protection, employment matters and/or hiring practices, marketing practices, tax, unclaimed property and privacy rules and regulations. Any regulatory actions against us, whether meritorious or not, could be time consuming, result in costly litigation, damage awards, fines and penalties, injunctive relief or increased costs of doing business through adverse judgment or settlement, require us to change our business practices in expensive ways, require significant amounts of management time, result in the diversion of significant operational resources, materially damage our brand or reputation, or otherwise harm our business. We establish an accrued liability for loss contingencies related to legal and regulatory matters when the loss is both probable and reasonably estimable. Those accruals represent management's best estimate of probable losses and, in such cases, there may be an exposure to loss in excess of the amounts accrued. For certain of the matters described above, there are inherent and significant uncertainties based on, among other factors, the stage of the proceedings, developments in the applicable facts of law, or the lack of a specific damage claim. However, we believe that the amount of reasonably possible losses in excess of the amounts accrued for those matters would not have a material adverse effect on our business, Condensed Consolidated Financial Statements, results of operations or cash flows. Our accrued liabilities for loss contingencies related to legal and regulatory matters may change in the future as a result of new developments, including, but not limited to, the occurrence of new legal matters, changes in the law or regulatory environment, adverse or favorable rulings, newly discovered facts relevant to the matter, or changes in the strategy for the matter. Regardless of the outcome, litigation and other regulatory matters can have an adverse impact on us because of defense and settlement costs, diversion of management resources and other factors. Indemnifications In connection with the disposition of our operations in Latin America in 2017, we recorded $5.4 million in indemnification liabilities for certain tax and other matters upon the closing of the transactions as an adjustment to the net loss on the dispositions within discontinued operations at their fair value. We estimated the indemnification liabilities using a probability-weighted expected cash flow approach. Our remaining indemnification liabilities were $2.8 million as of March 31, 2023. We estimate that the total amount of obligations that are reasonably possible to arise under the indemnifications in excess of amounts accrued as of March 31, 2023 is approximately $11.7 million. In the normal course of business to facilitate transactions related to our operations, we indemnify certain parties, including employees, lessors, service providers, merchants, and counterparties to investment agreements and asset and stock purchase agreements with respect to various matters. We have agreed to hold certain parties harmless against losses arising from a breach of representations or covenants, or other claims made against those parties. These agreements may limit the time within which an indemnification claim can be made and the amount of the claim. We are also subject to increased exposure to various claims as a result of our divestitures and acquisitions, particularly in cases where we are entering into new businesses in connection with such acquisitions. We may also become more vulnerable to claims as we expand the range and scope of our services and are subject to laws in jurisdictions where the underlying laws with respect to potential liability are either unclear or less favorable. In addition, we have entered into indemnification agreements with our officers, directors and underwriters, and our bylaws contain similar indemnification obligations that cover officers, directors, employees and other agents. Except as noted above, it is not possible to determine the maximum potential amount under these indemnification agreements due to the limited history of prior indemnification claims and the unique facts and circumstances involved in each particular agreement. Historically, any payments that we have made under these agreements have not had a material impact on our operating results, financial position or cash flows.

STOCKHOLDERS' EQUITY (DEFICIT)

STOCKHOLDERS' EQUITY (DEFICIT) AND COMPENSATION ARRANGEMENTS	3 Months Ended
	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
STOCKHOLDERS' EQUITY (DEFICIT) AND COMPENSATION ARRANGEMENTS	STOCKHOLDERS' EQUITY (DEFICIT) AND COMPENSATION ARRANGEMENTS Groupon, Inc. Incentive Plan In August 2011, we established the Groupon, Inc. 2011 Incentive Plan, as amended and restated (the "2011 Plan"), under which options, restricted stock units and performance stock units for up to 11,875,000 shares of common stock are authorized for future issuance to employees, consultants and directors. The 2011 Plan is administered by the Compensation Committee of the Board. As of March 31, 2023, 464,968 shares of common stock were available for future issuance under the 2011 Plan. Restricted Stock Units The restricted stock units granted under the 2011 Plan generally have vesting periods between one The table below summarizes restricted stock unit activity for employees and nonemployees under the 2011 Plan for the three months ended March 31, 2023: Restricted Stock Units Weighted-Average Grant Date Fair Value (per unit) Unvested at December 31, 2022 2,876,089 $ 19.33 Granted 125,486 8.74 Vested (403,202) 18.09 Forfeited (683,337) 14.70 Unvested at March 31, 2023 1,915,036 $ 18.64 As of March 31, 2023, $22.6 million of unrecognized compensation costs related to unvested restricted stock units, excluding any impact of forfeitures, are expected to be recognized over a remaining weighted-average period of 0.91 years. Stock Options On March 30, 2023, we issued 3,500,000 units of stock options with a per share value of $0.95, a strike price of $6.00 and vesting over two years. The exercise price of stock options granted is equal to the fair market value of the underlying stock on the date of grant. The contractual term for these stock options expires 3 years from the grant date. The fair value of stock options on the grant date is amortized on a straight-line basis over the requisite service period. The fair value of stock options granted is estimated on the date of grant using the Black-Scholes-Merton option-pricing model. Expected volatility is based on Groupon's historical volatility over the estimated expected life of the stock options. The expected term that represents the period of time the stock options are expected to be outstanding. The risk-free interest rate is based on yields on U.S. Treasury STRIPS with maturity similar to the estimated expected life of the stock options. The weighted-average assumptions for stock options granted during the three months ended March 31, 2023 are outlined in the following table: Three Months Ended March 31, 2023 Dividend yield 0.0 % Risk-free interest rate 4.1 % Expected term (in years) 2 Expected volatility 78.2 % Performance Shares Units We have previously granted performance share units under the 2011 Plan that vest in shares of our common stock upon the achievement of financial and operational targets specified in the respective award agreement ("Performance Share Units"). Our existing Performance Share Units are subject to continued employment through the performance period dictated by the award and certification by the Compensation Committee of the Board that the specified performance conditions have been achieved. The table below summarizes Performance Share Unit activity under the 2011 Plan for the three months ended March 31, 2023: Performance Share Units Weighted-Average Grant Date Fair Value (per unit) Unvested at December 31, 2022 17,269 $ 24.13 Granted — — Vested (17,269) 24.13 Forfeited — — Unvested at March 31, 2023 — $ —

REVENUE RECOGNITION

REVENUE RECOGNITION	3 Months Ended
	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
REVENUE RECOGNITION	REVENUE RECOGNITION Refer to Note 13, Segment Information , for revenue summarized by reportable segment and category for the three months ended March 31, 2023 and 2022. Customer Credits We issue credits to customers that can be applied to future purchases through our online marketplaces. Credits are primarily issued as consideration for refunds. To a lesser extent, credits are issued for customer relationship purposes. The following table summarizes the activity in the liability for customer credits for the three months ended March 31, 2023 (in thousands): Customer Credits Balance as of December 31, 2022 $ 36,220 Credits issued 26,921 Credits redeemed (1) (25,856) Breakage revenue recognized (2,995) Foreign currency translation 80 Balance as of March 31, 2023 $ 34,370 (1) Customer credits can be redeemed through our online marketplaces for goods or services provided by a third-party merchant and service revenue is recognized on a net basis as the difference between the carrying amount of the customer credit liability derecognized and the amount due to the merchant for the related transaction. Customer credits are typically used within one year of issuance. Costs of Obtaining Contracts Incremental costs to obtain contracts with third-party merchants, such as sales commissions, are deferred and recognized over the expected period of the merchant arrangement, generally from 12 to 18 months. Deferred contract acquisition costs are presented in Prepaid expenses and other current assets and Other non-current assets on the Condensed Consolidated Balance Sheets. As of March 31, 2023 and December 31, 2022, deferred contract acquisition costs were $5.3 million and $5.9 million. The amortization of deferred contract acquisition costs is classified within Selling, general and administrative expense in the Condensed Consolidated Statements of Operations. We amortized $2.3 million and $2.9 million of deferred contract acquisition costs for the three months ended March 31, 2023 and 2022. Allowance for Expected Credit Losses on Accounts Receivable Accounts receivable primarily represents the net cash due from credit card and other payment processors and from merchants and performance marketing networks for commissions earned on consumer purchases. We establish an allowance for expected credit losses on accounts receivable based on identifying the following customer risk characteristics: size, type of customer, and payment terms offered in the normal course of business. Receivables with similar risk characteristics are grouped into pools. For each pool, we consider the historical credit loss experience, current economic conditions, bankruptcy filings, published or estimated credit default rates, age of the receivable and any recoveries in assessing the lifetime expected credit losses. The following table summarizes the activity in the allowance for expected credit losses on accounts receivable for the three months ended March 31, 2023 (in thousands): Allowance for Expected Credit Losses Balance as of December 31, 2022 $ 4,538 Change in provision (639) Write-offs (115) Foreign currency translation 34 Balance as of March 31, 2023 $ 3,818 Variable Consideration for Unredeemed Vouchers For merchant agreements with redemption payment terms, the merchant is not paid its share of the sale price for a voucher sold through one of our online marketplaces until the customer redeems the related voucher. If the customer does not redeem a voucher with such merchant payment terms, we retain all of the gross billings for that voucher, rather than retaining only our net commission. We estimate the variable consideration from vouchers that will not ultimately be redeemed using our historical voucher redemption experience and recognize that amount as revenue at the time of sale. We apply a constraint to ensure it is probable that a significant reversal of revenue will not occur in future periods. When actual redemptions differ from our estimates, the effects could be material to the Condensed Consolidated Financial Statements. During the three months ended March 31, 2023 and 2022, we recognized an immaterial amount of variable consideration from unredeemed vouchers that were sold in a prior period.

RESTRUCTURING AND RELATED CHARG

RESTRUCTURING AND RELATED CHARGES	3 Months Ended
	Mar. 31, 2023
Restructuring and Related Activities [Abstract]
RESTRUCTURING AND RELATED CHARGES	RESTRUCTURING AND RELATED CHARGES In August 2022 and April 2020, we initiated Board-approved restructuring plans. Costs incurred related to the restructuring plans are classified as Restructuring and related charges on the Condensed Consolidated Statements of Operations. The restructuring activities are summarized by plan in the sections below. 2022 Restructuring Plan In August 2022, we initiated a multi-phase cost savings plan designed to reduce our expense structure to align with our go-forward business and financial objectives (the “2022 Cost Savings Plan”). The 2022 Cost Savings Plan included a restructuring plan, approved by our Board on August 5, 2022 (the “2022 Restructuring Plan”). The 2022 Restructuring Plan, including the first phase initiated August 2022 and second phase initiated January 2023, is expected to include an overall reduction of approximately 1,000 positions globally, with the majority of these reductions completed as of March 31, 2023 and the remainder expected to occur by the end of 2023. In connection with these actions, we expect to record total pre-tax charges of $20.0 million to $27.0 million. A majority of the pre-tax charges are expected to be paid in cash and relate to employee severance and compensation benefits, with an immaterial amount of charges related to other exit costs. We have incurred total pretax charges of $18.6 million since the inception of the 2022 Restructuring Plan. The following table summarizes costs incurred by segment related to the 2022 Restructuring Plan for the three months ended March 31, 2023 (in thousands): Three Months Ended March 31, 2023 Employee Severance and Benefit Costs (Credits) (1) Other Exit Costs Total Restructuring Charges (Credits) North America $ 4,440 $ 808 $ 5,248 International 3,733 — 3,733 Consolidated $ 8,173 $ 808 $ 8,981 (1) The employee severance and benefits costs for the three months ended March 31, 2023 are related to the termination of approximately 700 employees, of which 8 are still completing their notice period and legally-required severance and benefits have been recognized as of March 31, 2023. Additional severance and benefits costs related to the remaining 8 employees may be incurred in future periods. The following table summarizes restructuring liability activity for the 2022 Restructuring Plan (in thousands): Employee Severance and Benefit Costs Other Exit Costs Total Balance as of December 31, 2022 $ 175 $ — $ 175 Charges payable in cash 8,173 808 8,981 Cash payments (5,114) (206) (5,320) Foreign currency translation 47 — 47 Balance as of March 31, 2023 (1) $ 3,281 $ 602 $ 3,883 (1) Substantially all of the remaining cash payments for the 2022 Restructuring Plan costs are expected to be disbursed through 2023. 2020 Restructuring Plan In April 2020, the Board approved a multi-phase restructuring plan related to our previously-announced strategic shift and as part of the cost cutting measures implemented in response to the impact of COVID-19 on our business (the "2020 Restructuring Plan"). We have incurred total pretax charges of $109.2 million since the inception of the 2020 Restructuring Plan. Our actions under this plan were substantially completed by December 31, 2021, and our current and future charges or credits will be from changes in estimates. Our 2020 Restructuring Plan included workforce reductions of approximately 1,600 positions globally, the exit or discontinuation of the use of certain leases and other assets, impairments of our right-of-use and other long-lived assets, and the exit of our operations in New Zealand and Japan. The following tables summarize costs incurred by segment related to the 2020 Restructuring Plan for the three months ended March 31, 2023 and 2022 (in thousands): Three Months Ended March 31, 2023 Employee Severance and Benefit Costs (Credits) Legal and Advisory Costs Lease-related Charges (Credits) Total Restructuring Charges (Credits) North America $ — $ 1 $ 607 $ 608 International (1,046) (56) 307 (795) Consolidated $ (1,046) $ (55) $ 914 $ (187) Three Months Ended March 31, 2022 Employee Severance and Benefit Costs (Credits) Legal and Advisory Costs Lease-related Charges (Credits) Total Restructuring Charges (Credits) North America $ 1 $ 44 $ 356 $ 401 International (289) 37 163 (89) Consolidated $ (288) $ 81 $ 519 $ 312 As a part of our 2020 Restructuring Plan, we terminated or modified several of our leases. In other cases we vacated our leased facilities, and some of those facilities are being actively marketed for sublease or we are in negotiations with the landlord to potentially terminate or modify those leases. In January 2023, we exercised our option to early terminate our lease at 600 West Chicago, now expiring on January 31, 2024, which required us to pay a penalty of $9.6 million with our early termination notice. Prior to exercising our option to early terminate, the expiration of 600 West Chicago was January 31, 2026. Rent expense, including amortization of the right-of-use asset and accretion of the operating lease liability, sublease income, termination and modification gains and losses, and other variable lease costs related to the leased facilities vacated as part of our restructuring plan are presented within Restructuring and related charges in the Condensed Consolidated Statements of Operations. The current and non-current liabilities associated with these leases continue to be presented within Accrued expenses and other current liabilities and Operating lease obligations in the Condensed Consolidated Balance Sheets. The following table summarizes restructuring liability activity for the 2020 Restructuring Plan (in thousands): Employee Severance and Benefit Costs Other Exit Costs Total Balance as of December 31, 2022 $ 4,306 $ 301 $ 4,607 Charges payable in cash and changes in estimate (1,046) (55) (1,101) Cash payments (529) (95) (624) Foreign currency translation 41 2 43 Balance as of March 31, 2023 (1) $ 2,772 $ 153 $ 2,925 (1) Substantially all of the remaining cash payments for the 2020 Restructuring Plan costs are expected to be disbursed by the end of 2023.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Our income tax provision for interim periods is determined using an estimate of our annual effective tax rate, adjusted for discrete items. Provision (benefit) for income taxes and Income (loss) from operations before provision (benefit) for income taxes for the three months ended March 31, 2023 and 2022 were as follows (in thousands): Three Months Ended March 31, 2023 2022 Provision (benefit) for income taxes $ 1,118 $ (2,675) Income (loss) before provision (benefit) for income taxes (27,495) (37,027) Our U.S. Federal income tax rate is 21%. The primary factor impacting the effective tax rate for the three months ended March 31, 2023 and 2022 was the pretax losses incurred in jurisdictions that have valuation allowances against their net deferred tax assets. For the three months ended March 31, 2022, we had a valuation allowance in the U.S. against capital losses, deferred tax assets that will convert into capital losses upon reversal, and state credits that we were not expecting to be able to realize. We recorded a valuation allowance against the remaining U.S. federal and state deferred tax assets in Q4 2022. For the three months ended March 31, 2023, we continue to maintain a full valuation allowance against all U.S. federal and state deferred tax assets. We expect that our consolidated effective tax rate in future periods will continue to differ significantly from the U.S. federal income tax rate as a result of our tax obligations in jurisdictions with profits and valuation allowances in jurisdictions with losses. We are currently undergoing income tax audits in multiple jurisdictions. It is likely that the examination phase of some of those audits will conclude in the next 12 months. There are many factors, including factors outside of our control, which influence the progress and completion of those audits. We are subject to claims for tax assessments by foreign jurisdictions, including a proposed assessment for $115.3 million, inclusive of estimated incremental interest from the original assessment. We believe that the assessment, which primarily relates to transfer pricing on transactions occurring in 2011, is without merit and we intend to vigorously defend ourselves in that matter. There could be potential increases in our liabilities for uncertain tax positions from the ultimate resolution of that assessment. We believe it is reasonably possible that reductions of up to $7.1 million in unrecognized tax benefits may occur within the 12 months following March 31, 2023 upon closing of income tax audits or the expiration of applicable statutes of limitations. In general, it is our practice and intention to reinvest the earnings of our non-U.S. subsidiaries in those operations or remit such earnings in a tax-efficient manner. An actual repatriation from our non-U.S. subsidiaries could be subject to foreign and U.S. state income taxes. Aside from limited exceptions for which the related deferred tax liabilities recognized as of March 31, 2023 and December 31, 2022 are immaterial, we do not intend to distribute earnings of foreign subsidiaries for which we have an excess of the financial reporting basis over the tax basis of our investments and therefore have not recorded any deferred taxes related to such amounts. The actual tax cost resulting from a distribution would depend on income tax laws and circumstances at the time of distribution. Determination of the amount of unrecognized deferred tax liability related to the excess of the financial reporting basis over the tax basis of our foreign subsidiaries is not practical due to the complexities associated with the calculation.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Fair value is defined under U.S. GAAP as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is a market-based measurement that is determined based on assumptions that market participants would use in pricing an asset or a liability. In determining fair value, we use valuation approaches within the fair value measurement framework. We have fair value option investments and available-for-sale securities that we measure using the income approach. We have classified these investments as Level 3 due to the lack of observable market data over fair value inputs such as cash flow projections and discount rates. There was no material activity in the fair value of recurring Level 3 fair value measurements for the three months ended March 31, 2023 and 2022. Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis Certain assets and liabilities are measured at fair value on a nonrecurring basis, including assets that are written down to fair value as a result of an impairment or modified due to an observable price change in an orderly transaction. We did not record any significant nonrecurring fair value measurements for the three months ended March 31, 2023 and 2022. Estimated Fair Value of Financial Assets and Liabilities Not Measured at Fair Value

INCOME (LOSS) PER SHARE

INCOME (LOSS) PER SHARE	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
INCOME (LOSS) PER SHARE	INCOME (LOSS) PER SHARE Basic net income (loss) per share is computed using the weighted-average number of common shares outstanding during the period. Diluted net income (loss) per share is computed using the weighted-average number of common shares and the effect of potentially dilutive securities outstanding during the period. Potentially dilutive securities include restricted stock units, performance share units, ESPP shares, warrants, capped call transactions and convertible senior notes. If dilutive, those potentially dilutive securities are reflected in diluted net income (loss) per share using the treasury stock method, except for the convertible senior notes, which are subject to the if-converted method. The following table sets forth the computation of basic and diluted net income (loss) per share of common stock for the three months ended March 31, 2023 and 2022 (in thousands, except share amounts and per share amounts): Three Months Ended March 31, 2023 2022 Basic and diluted net income (loss) per share: Numerator Net income (loss) $ (28,613) $ (34,352) Less: Net income (loss) attributable to noncontrolling interests 534 500 Net income (loss) attributable to common stockholders (29,147) (34,852) Denominator Weighted-average common shares outstanding 30,676,145 29,862,879 Basic and diluted net income (loss) per share: $ (0.95) $ (1.17) The following weighted-average potentially dilutive instruments are not included in the diluted net income (loss) per share calculations above because they would have had an antidilutive effect on the net income (loss) per share: Three Months Ended March 31, 2023 2022 Restricted stock units 2,353,393 2,047,783 Other stock-based compensation awards 101,118 54,182 Convertible Senior notes due 2026 (1) 3,376,400 3,376,400 Capped call transactions 3,376,400 3,376,400 Total 9,207,311 8,854,765 (1) We apply the if-converted method in computing the effect of our convertible senior notes on diluted net income (loss) per share, whereby the numerator of our diluted net income (loss) per share computations is adjusted for interest expense, net of tax, and the denominator is adjusted for the number of shares into which the convertible senior notes could be converted. The effect is only included in the calculation of income (loss) per share for those instruments for which it would reduce income (loss) per share. See Note 5, Financing Arrangements , for additional information.

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The segment information reported in the tables below reflects the operating results that are regularly reviewed by our chief operating decision maker to assess performance and make resource allocation decisions. Our operations are organized into two segments: North America and International. Our measure of segment profitability is contribution profit, defined as gross profit less marketing expense, which is consistent with how management reviews the operating results of the segments. Contribution profit measures the amount of marketing investment needed to generate gross profit. Other operating expenses are excluded from contribution profit as management does not review those expenses by segment. The following table summarizes revenue by reportable segment and category for the three months ended March 31, 2023 and 2022 (in thousands): Three Months Ended March 31, 2023 2022 North America revenue: Local $ 81,379 $ 96,921 Goods 5,065 8,294 Travel 2,815 4,949 Total North America revenue (1) 89,259 110,164 International revenue: Local 25,265 33,150 Goods 4,246 6,779 Travel 2,841 3,227 Total International revenue (1) $ 32,352 $ 43,156 (1) North America includes revenue from the United States of $87.7 million and $108.8 million for the three months ended March 31, 2023 and 2022. There were no other individual countries that represented more than 10% of consolidated total revenue for the three months ended March 31, 2023 and 2022. Revenue is attributed to individual countries based on the location of the customer. The following table summarizes cost of revenue by reportable segment and category for the three months ended March 31, 2023 and 2022 (in thousands): Three Months Ended March 31, 2023 2022 North America cost of revenue: Local $ 11,387 $ 13,163 Goods 945 1,459 Travel 985 1,295 Total North America cost of revenue 13,317 15,917 International cost of revenue: Local 2,623 2,596 Goods 588 396 Travel 372 410 Total International cost of revenue $ 3,583 $ 3,402 The following table summarizes contribution profit by reportable segment for the three months ended March 31, 2023 and 2022 (in thousands): Three Months Ended March 31, 2023 2022 North America Revenue $ 89,259 $ 110,164 Cost of revenue 13,317 15,917 Marketing 15,303 27,991 Contribution profit 60,639 66,256 International Revenue 32,352 43,156 Cost of revenue 3,583 3,402 Marketing 9,545 11,425 Contribution profit 19,224 28,329 Consolidated Revenue 121,611 153,320 Cost of revenue 16,900 19,319 Marketing 24,848 39,416 Contribution profit 79,863 94,585 Selling, general and administrative 101,634 126,420 Restructuring and related charges 8,794 312 Income (loss) from operations $ (30,565) $ (32,147) The following table summarizes total assets by reportable segment as of March 31, 2023 and December 31, 2022 (in thousands): March 31, 2023 December 31, 2022 Total assets: North America (1) $ 526,953 $ 669,336 International (1) 123,690 123,781 Consolidated total assets $ 650,643 $ 793,117

DESCRIPTION OF BUSINESS AND B_2

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION (Policies)	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation	Principles of Consolidation The Condensed Consolidated Financial Statements include the accounts of Groupon, Inc. and its wholly-owned subsidiaries, majority-owned subsidiaries over which we exercise control and variable interest entities for which we are the primary beneficiary. All intercompany accounts and transactions have been eliminated in consolidation. Outside stockholders' interests in subsidiaries are shown on the Condensed Consolidated Financial Statements as Noncontrolling interests. Investments in entities in which we do not have a controlling financial interest are accounted for at fair value as available-for-sale securities or at cost adjusted for observable price changes and impairments, as appropriate. Going Concern The accompanying Condensed Consolidated Financial Statements are prepared in accordance with U.S. generally accepted accounting principles ("GAAP") applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. In accordance with ASU No. 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (Subtopic 205-40) , we have evaluated whether there are conditions and events, considered in the aggregate, that raise substantial doubt about our ability to continue as a going concern within one year after the date that the Condensed Consolidated Financial Statements are issued. Our Net cash used in operating activities was $136.0 million and $124.0 million for the years ended December 31, 2022 and December 31, 2021. Net cash used in operating activities was $76.3 million and $78.2 million for the three months ended March 31, 2023 and 2022. Cash and cash equivalents were $163.8 million as of March 31, 2023. We entered into a fourth amendment to the revolving credit agreement in March 2023, which reduced our borrowing capacity and modified certain financial covenants as described in Note 5, Financing Arrangements . The fourth amendment to the revolving credit agreement matures on May 14, 2024. Continued cash outflows and operating losses indicate that we may not be able to meet our obligations over the next twelve months. These conditions and events, when considered in the aggregate, raised substantial doubt about our ability to continue as a going concern. In January 2023, our Board approved the second phase of the 2022 Restructuring Plan which we estimate will result in approximately $100.0 million in annualized cost savings as described in Note 9, Restructuring and Related Charges . The 2022 Restructuring Plan is expected to include an overall reduction of approximately 1,000 positions globally, of which the majority have been completed with the remaining expected to occur by the end of 2023. Management will also take steps to minimize the risk certain payment processors will require reserves or holdback receivables. We believe management's plans are probable of being achieved to alleviate substantial doubt about our ability to continue as a going concern and we will have sufficient liquidity to meet our obligations as they become due over the next twelve months. We are also currently evaluating several different strategies to enhance our liquidity position. These strategies may include, but are not limited to, pursuing additional actions under our multi-phase cost savings plan, seeking additional financing from both the public and private markets through the issuance of equity or debt securities, and monetizing certain assets.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the Condensed Consolidated Financial Statements and accompanying notes. Estimates in our financial statements include, but are not limited to, the following: variable consideration from unredeemed vouchers; income taxes; leases; initial valuation and subsequent impairment testing of goodwill, other intangible assets and long-lived assets; investments; receivables; customer refunds and other reserves; contingent liabilities; and the useful lives of property, equipment and software and intangible assets. Actual results could differ materially from those estimates.
Reclassifications	Reclassifications Certain reclassifications have been made to the Condensed Consolidated Financial Statements of prior periods to conform to the current period presentation.
Adoption of New Accounting Standards	Adoption of New Accounting Standards There were no new accounting standards adopted during the three months ended March 31, 2023.

GOODWILL AND LONG-LIVED ASSETS

GOODWILL AND LONG-LIVED ASSETS (Tables)	3 Months Ended
	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	The following table summarizes intangible assets as of March 31, 2023 and December 31, 2022 (in thousands): March 31, 2023 December 31, 2022 Gross Carrying Value Accumulated Amortization Net Carrying Value Gross Carrying Value Accumulated Amortization Net Carrying Value Merchant relationships $ 18,305 $ 15,426 $ 2,879 $ 17,912 $ 14,327 $ 3,585 Trade names 9,390 8,484 906 9,340 8,382 958 Patents 13,304 6,737 6,567 13,341 6,701 6,640 Other intangible assets 17,528 11,643 5,885 17,517 11,059 6,458 Total $ 58,527 $ 42,290 $ 16,237 $ 58,110 $ 40,469 $ 17,641
Schedule of Estimated Future Amortization Expense	As of March 31, 2023, estimated future amortization expense related to intangible assets is as follows (in thousands): Remaining amounts in 2023 $ 5,587 2024 4,226 2025 2,733 2026 1,867 2027 1,191 Thereafter 633 Total $ 16,237

INVESTMENTS (Tables)

INVESTMENTS (Tables)	3 Months Ended
	Mar. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Investments	The following table summarizes our percentage ownership in our investments as of the dates noted below: March 31, 2023 and December 31, 2022 Other equity investments 1% to 19% Available-for-sale securities 1% to 19% Fair value option investments 10% to 19%

SUPPLEMENTAL CONDENSED CONSOL_2

SUPPLEMENTAL CONDENSED CONSOLIDATED BALANCE SHEETS AND STATEMENTS OF OPERATIONS INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2023
Supplemental Consolidated Balance Sheet & Statement of Operations Information [Abstract]
Schedule of Other Income (Expense)	The following table summarizes Other income (expense), net for the three months ended March 31, 2023 and 2022 (in thousands): Three Months Ended March 31, 2023 2022 Interest income $ 4,471 $ 1,315 Interest expense (5,621) (2,883) Foreign currency gains (losses), net and other 4,220 (3,312) Other income (expense), net $ 3,070 $ (4,880)
Schedule of Prepaid and Other Current Assets	The following table summarizes Prepaid expenses and other current assets as of March 31, 2023 and December 31, 2022 (in thousands): March 31, 2023 December 31, 2022 Prepaid expenses $ 10,471 $ 16,048 Income taxes receivable 7,045 6,691 Deferred cloud implementation cost, net 10,820 9,362 Other 12,381 9,000 Total prepaid expenses and other current assets $ 40,717 $ 41,101
Schedule of Other Non-Current Assets	The following table summarizes Other non-current assets as of March 31, 2023 and December 31, 2022 (in thousands): March 31, 2023 December 31, 2022 Deferred contract acquisition costs, net $ 4,347 $ 4,815 Deferred cloud implementation costs, net 14,337 17,684 Other 4,473 4,992 Total other non-current assets $ 23,157 $ 27,491
Schedule of Accrued Expenses and Other Current Liabilities	The following table summarizes Accrued expenses and other current liabilities as of March 31, 2023 and December 31, 2022 (in thousands): March 31, 2023 December 31, 2022 Refund reserve $ 10,745 $ 11,072 Compensation and benefits 13,113 15,005 Accrued marketing 11,387 19,596 Restructuring-related liabilities 6,808 4,782 Customer credits 34,370 36,220 Operating lease obligations 22,482 37,525 Other (1) 54,773 47,252 Total accrued expenses and other current liabilities $ 153,678 $ 171,452 (1) Includes certain payroll taxes deferred under the Coronavirus Aid, Relief and Economic Security ("CARES") Act of $2.7 million as of December 31, 2022. This balance was paid in January 2023.
Schedule of Other Non-current Liabilities	The following table summarizes Other non-current liabilities as of March 31, 2023 and December 31, 2022 (in thousands): March 31, 2023 December 31, 2022 Contingent income tax liabilities $ 11,030 $ 11,213 Deferred income taxes 3,128 3,100 Other 3,324 4,273 Total other non-current liabilities $ 17,482 $ 18,586

FINANCING ARRANGEMENTS (Tables)

FINANCING ARRANGEMENTS (Tables)	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Schedule of Notes	The carrying amount of the 2026 Notes consisted of the following as of March 31, 2023 and December 31, 2022 (in thousands): March 31, 2023 December 31, 2022 Principal amount $ 230,000 $ 230,000 Less: debt discount (4,693) (5,077) Net carrying amount of liability $ 225,307 $ 224,923
Schedule of Convertible Debt Interest Expense	During the three months ended March 31, 2023 and 2022, we recognized interest costs on the 2026 Notes as follows (in thousands): Three Months Ended March 31, 2023 2022 Contractual interest $ 647 $ 647 Amortization of debt discount 384 378 Total $ 1,031 $ 1,025
Schedule of Amounts Committed to Outstanding Borrowings and Letters of Credit	Amounts committed to outstanding borrowings and letters of credit under our Existing Credit Agreement as of March 31, 2023 and our Amended Credit Agreement as of December 31, 2022 were as follows (in thousands): March 31, 2023 December 31, 2022 Borrowings $ 47,700 $ 75,000 Letters of credit 24,809 24,900

STOCKHOLDERS' EQUITY (DEFICIT_2

STOCKHOLDERS' EQUITY (DEFICIT) AND COMPENSATION ARRANGEMENTS (Tables)	3 Months Ended
	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Restricted Stock Unit Activity	The table below summarizes restricted stock unit activity for employees and nonemployees under the 2011 Plan for the three months ended March 31, 2023: Restricted Stock Units Weighted-Average Grant Date Fair Value (per unit) Unvested at December 31, 2022 2,876,089 $ 19.33 Granted 125,486 8.74 Vested (403,202) 18.09 Forfeited (683,337) 14.70 Unvested at March 31, 2023 1,915,036 $ 18.64
Schedule of Weighted-average Assumptions for Stock Options	The weighted-average assumptions for stock options granted during the three months ended March 31, 2023 are outlined in the following table: Three Months Ended March 31, 2023 Dividend yield 0.0 % Risk-free interest rate 4.1 % Expected term (in years) 2 Expected volatility 78.2 %
Schedule of Performance Share Unit Activity	The table below summarizes Performance Share Unit activity under the 2011 Plan for the three months ended March 31, 2023: Performance Share Units Weighted-Average Grant Date Fair Value (per unit) Unvested at December 31, 2022 17,269 $ 24.13 Granted — — Vested (17,269) 24.13 Forfeited — — Unvested at March 31, 2023 — $ —

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	3 Months Ended
	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Liability for Customer Credits	The following table summarizes the activity in the liability for customer credits for the three months ended March 31, 2023 (in thousands): Customer Credits Balance as of December 31, 2022 $ 36,220 Credits issued 26,921 Credits redeemed (1) (25,856) Breakage revenue recognized (2,995) Foreign currency translation 80 Balance as of March 31, 2023 $ 34,370 (1) Customer credits can be redeemed through our online marketplaces for goods or services provided by a third-party merchant and service revenue is recognized on a net basis as the difference between the carrying amount of the customer credit liability derecognized and the amount due to the merchant for the related transaction. Customer credits are typically used within one year of issuance.
Schedule of Expected Credit Losses on Accounts Receivable	The following table summarizes the activity in the allowance for expected credit losses on accounts receivable for the three months ended March 31, 2023 (in thousands): Allowance for Expected Credit Losses Balance as of December 31, 2022 $ 4,538 Change in provision (639) Write-offs (115) Foreign currency translation 34 Balance as of March 31, 2023 $ 3,818

RESTRUCTURING AND RELATED CHA_2

RESTRUCTURING AND RELATED CHARGES (Tables)	3 Months Ended
	Mar. 31, 2023
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Costs by Segment	The following table summarizes costs incurred by segment related to the 2022 Restructuring Plan for the three months ended March 31, 2023 (in thousands): Three Months Ended March 31, 2023 Employee Severance and Benefit Costs (Credits) (1) Other Exit Costs Total Restructuring Charges (Credits) North America $ 4,440 $ 808 $ 5,248 International 3,733 — 3,733 Consolidated $ 8,173 $ 808 $ 8,981 (1) The employee severance and benefits costs for the three months ended March 31, 2023 are related to the termination of approximately 700 employees, of which 8 are still completing their notice period and legally-required severance and benefits have been recognized as of March 31, 2023. Additional severance and benefits costs related to the remaining 8 employees may be incurred in future periods. The following tables summarize costs incurred by segment related to the 2020 Restructuring Plan for the three months ended March 31, 2023 and 2022 (in thousands): Three Months Ended March 31, 2023 Employee Severance and Benefit Costs (Credits) Legal and Advisory Costs Lease-related Charges (Credits) Total Restructuring Charges (Credits) North America $ — $ 1 $ 607 $ 608 International (1,046) (56) 307 (795) Consolidated $ (1,046) $ (55) $ 914 $ (187) Three Months Ended March 31, 2022 Employee Severance and Benefit Costs (Credits) Legal and Advisory Costs Lease-related Charges (Credits) Total Restructuring Charges (Credits) North America $ 1 $ 44 $ 356 $ 401 International (289) 37 163 (89) Consolidated $ (288) $ 81 $ 519 $ 312
Schedule of Restructuring Liability Activity	The following table summarizes restructuring liability activity for the 2022 Restructuring Plan (in thousands): Employee Severance and Benefit Costs Other Exit Costs Total Balance as of December 31, 2022 $ 175 $ — $ 175 Charges payable in cash 8,173 808 8,981 Cash payments (5,114) (206) (5,320) Foreign currency translation 47 — 47 Balance as of March 31, 2023 (1) $ 3,281 $ 602 $ 3,883 (1) Substantially all of the remaining cash payments for the 2022 Restructuring Plan costs are expected to be disbursed through 2023. The following table summarizes restructuring liability activity for the 2020 Restructuring Plan (in thousands): Employee Severance and Benefit Costs Other Exit Costs Total Balance as of December 31, 2022 $ 4,306 $ 301 $ 4,607 Charges payable in cash and changes in estimate (1,046) (55) (1,101) Cash payments (529) (95) (624) Foreign currency translation 41 2 43 Balance as of March 31, 2023 (1) $ 2,772 $ 153 $ 2,925 (1) Substantially all of the remaining cash payments for the 2020 Restructuring Plan costs are expected to be disbursed by the end of 2023.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of Provision (Benefit) for Income Taxes	Provision (benefit) for income taxes and Income (loss) from operations before provision (benefit) for income taxes for the three months ended March 31, 2023 and 2022 were as follows (in thousands): Three Months Ended March 31, 2023 2022 Provision (benefit) for income taxes $ 1,118 $ (2,675) Income (loss) before provision (benefit) for income taxes (27,495) (37,027)

INCOME (LOSS) PER SHARE (Tables

INCOME (LOSS) PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Net Income (Loss) Per Share	The following table sets forth the computation of basic and diluted net income (loss) per share of common stock for the three months ended March 31, 2023 and 2022 (in thousands, except share amounts and per share amounts): Three Months Ended March 31, 2023 2022 Basic and diluted net income (loss) per share: Numerator Net income (loss) $ (28,613) $ (34,352) Less: Net income (loss) attributable to noncontrolling interests 534 500 Net income (loss) attributable to common stockholders (29,147) (34,852) Denominator Weighted-average common shares outstanding 30,676,145 29,862,879 Basic and diluted net income (loss) per share: $ (0.95) $ (1.17)
Schedule of Weighted-Average Potentially Dilutive Instruments	The following weighted-average potentially dilutive instruments are not included in the diluted net income (loss) per share calculations above because they would have had an antidilutive effect on the net income (loss) per share: Three Months Ended March 31, 2023 2022 Restricted stock units 2,353,393 2,047,783 Other stock-based compensation awards 101,118 54,182 Convertible Senior notes due 2026 (1) 3,376,400 3,376,400 Capped call transactions 3,376,400 3,376,400 Total 9,207,311 8,854,765 (1) We apply the if-converted method in computing the effect of our convertible senior notes on diluted net income (loss) per share, whereby the numerator of our diluted net income (loss) per share computations is adjusted for interest expense, net of tax, and the denominator is adjusted for the number of shares into which the convertible senior notes could be converted. The effect is only included in the calculation of income (loss) per share for those instruments for which it would reduce income (loss) per share. See Note 5, Financing Arrangements , for additional information.

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Schedule of Revenue by Reportable Segment	The following table summarizes revenue by reportable segment and category for the three months ended March 31, 2023 and 2022 (in thousands): Three Months Ended March 31, 2023 2022 North America revenue: Local $ 81,379 $ 96,921 Goods 5,065 8,294 Travel 2,815 4,949 Total North America revenue (1) 89,259 110,164 International revenue: Local 25,265 33,150 Goods 4,246 6,779 Travel 2,841 3,227 Total International revenue (1) $ 32,352 $ 43,156
Schedule of Cost of Revenue by Segment and Category	The following table summarizes cost of revenue by reportable segment and category for the three months ended March 31, 2023 and 2022 (in thousands): Three Months Ended March 31, 2023 2022 North America cost of revenue: Local $ 11,387 $ 13,163 Goods 945 1,459 Travel 985 1,295 Total North America cost of revenue 13,317 15,917 International cost of revenue: Local 2,623 2,596 Goods 588 396 Travel 372 410 Total International cost of revenue $ 3,583 $ 3,402
Schedule of Operating Income by Reportable Segment	The following table summarizes contribution profit by reportable segment for the three months ended March 31, 2023 and 2022 (in thousands): Three Months Ended March 31, 2023 2022 North America Revenue $ 89,259 $ 110,164 Cost of revenue 13,317 15,917 Marketing 15,303 27,991 Contribution profit 60,639 66,256 International Revenue 32,352 43,156 Cost of revenue 3,583 3,402 Marketing 9,545 11,425 Contribution profit 19,224 28,329 Consolidated Revenue 121,611 153,320 Cost of revenue 16,900 19,319 Marketing 24,848 39,416 Contribution profit 79,863 94,585 Selling, general and administrative 101,634 126,420 Restructuring and related charges 8,794 312 Income (loss) from operations $ (30,565) $ (32,147)
Schedule of Total Assets by Segment	The following table summarizes total assets by reportable segment as of March 31, 2023 and December 31, 2022 (in thousands): March 31, 2023 December 31, 2022 Total assets: North America (1) $ 526,953 $ 669,336 International (1) 123,690 123,781 Consolidated total assets $ 650,643 $ 793,117

DESCRIPTION OF BUSINESS AND B_3

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION (Details) position in Thousands, $ in Thousands	1 Months Ended	3 Months Ended		12 Months Ended
	Jan. 31, 2023 USD ($) position	Mar. 31, 2023 USD ($) segment employee	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments | segment		2
Restructuring Cost and Reserve [Line Items]
Net cash used in operating activities		$ 76,320	$ 78,164	$ 136,000	$ 124,000
Cash and cash equivalents		$ 163,757	$ 403,006	$ 281,279	$ 498,726
2022 Restructuring Plan, Second Phase
Restructuring Cost and Reserve [Line Items]
Expected annualized cost savings	$ 100,000
2022 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Reduction in number of positions (in employees)	1	8

GOODWILL AND LONG-LIVED ASSET_2

GOODWILL AND LONG-LIVED ASSETS - Narrative (Details)	3 Months Ended
	Mar. 31, 2023 USD ($) reportingUnit	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($)
Finite-Lived Intangible Assets [Line Items]
Impairment of goodwill		$ 0
Long-lived asset impairment		0
Number of reporting units | reportingUnit	2
Goodwill	$ 178,685,000		$ 178,685,000
Amortization of acquired intangible assets	$ 2,118,000	$ 2,169,000
Minimum
Finite-Lived Intangible Assets [Line Items]
Intangible assets, useful life	1 year
Maximum
Finite-Lived Intangible Assets [Line Items]
Intangible assets, useful life	10 years
North America
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 178,700,000		$ 178,700,000

GOODWILL AND LONG-LIVED ASSET_3

GOODWILL AND LONG-LIVED ASSETS - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 58,527	$ 58,110
Accumulated Amortization	42,290	40,469
Net Carrying Value	16,237	17,641
Merchant relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	18,305	17,912
Accumulated Amortization	15,426	14,327
Net Carrying Value	2,879	3,585
Trade names
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	9,390	9,340
Accumulated Amortization	8,484	8,382
Net Carrying Value	906	958
Patents
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	13,304	13,341
Accumulated Amortization	6,737	6,701
Net Carrying Value	6,567	6,640
Other intangible assets
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	17,528	17,517
Accumulated Amortization	11,643	11,059
Net Carrying Value	$ 5,885	$ 6,458

GOODWILL AND LONG-LIVED ASSET_4

GOODWILL AND LONG-LIVED ASSETS - Schedule of Estimated Future Amortization Expense (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Remaining amounts in 2023	$ 5,587
2024	4,226
2025	2,733
2026	1,867
2027	1,191
Thereafter	633
Net Carrying Value	$ 16,237	$ 17,641

INVESTMENTS - Narrative (Detail

INVESTMENTS - Narrative (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]
Available-for-sale securities and fair value option investments	$ 0	$ 0
Other equity investments
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 119,500,000	$ 119,500,000

INVESTMENTS - Schedule of Inves

INVESTMENTS - Schedule of Investments (Details)	Mar. 31, 2023	Dec. 31, 2022
Minimum | Equity Securities | Other equity investments
Schedule of Equity Method Investments [Line Items]
Equity method investment, percent ownership of voting stock	1%	1%
Minimum | Equity Securities | Fair value option investments
Schedule of Equity Method Investments [Line Items]
Equity method investment, percent ownership of voting stock	10%	10%
Minimum | Debt Securities
Schedule of Equity Method Investments [Line Items]
Available for sale securities, percent ownership of voting stock	1%	1%
Maximum | Equity Securities | Other equity investments
Schedule of Equity Method Investments [Line Items]
Equity method investment, percent ownership of voting stock	19%	19%
Maximum | Equity Securities | Fair value option investments
Schedule of Equity Method Investments [Line Items]
Equity method investment, percent ownership of voting stock	19%	19%
Maximum | Debt Securities
Schedule of Equity Method Investments [Line Items]
Available for sale securities, percent ownership of voting stock	19%	19%

SUPPLEMENTAL CONDENSED CONSOL_3

SUPPLEMENTAL CONDENSED CONSOLIDATED BALANCE SHEETS AND STATEMENTS OF OPERATIONS INFORMATION - Schedule of Other Income (Expense) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Supplemental Consolidated Balance Sheet & Statement of Operations Information [Abstract]
Interest income	$ 4,471	$ 1,315
Interest expense	(5,621)	(2,883)
Foreign currency gains (losses), net and other	4,220	(3,312)
Other income (expense), net	$ 3,070	$ (4,880)

SUPPLEMENTAL CONDENSED CONSOL_4

SUPPLEMENTAL CONDENSED CONSOLIDATED BALANCE SHEETS AND STATEMENTS OF OPERATIONS INFORMATION - Schedule of Prepaid and Other Current Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Supplemental Consolidated Balance Sheet & Statement of Operations Information [Abstract]
Prepaid expenses	$ 10,471	$ 16,048
Income taxes receivable	7,045	6,691
Deferred cloud implementation cost, net	10,820	9,362
Other	12,381	9,000
Total prepaid expenses and other current assets	$ 40,717	$ 41,101

SUPPLEMENTAL CONDENSED CONSOL_5

SUPPLEMENTAL CONDENSED CONSOLIDATED BALANCE SHEETS AND STATEMENTS OF OPERATIONS INFORMATION - Schedule of Other Non-Current Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Supplemental Consolidated Balance Sheet & Statement of Operations Information [Abstract]
Deferred contract acquisition costs, net	$ 4,347	$ 4,815
Deferred cloud implementation costs, net	14,337	17,684
Other	4,473	4,992
Total other non-current assets	$ 23,157	$ 27,491

SUPPLEMENTAL CONDENSED CONSOL_6

SUPPLEMENTAL CONDENSED CONSOLIDATED BALANCE SHEETS AND STATEMENTS OF OPERATIONS INFORMATION - Schedule of Accrued Expense and Other Current Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Supplemental Consolidated Balance Sheet & Statement of Operations Information [Abstract]
Refund reserve	$ 10,745	$ 11,072
Compensation and benefits	13,113	15,005
Accrued marketing	11,387	19,596
Restructuring-related liabilities	6,808	4,782
Customer credits	34,370	36,220
Operating lease obligations	$ 22,482	$ 37,525
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Total accrued expenses and other current liabilities	Total accrued expenses and other current liabilities
Other	$ 54,773	$ 47,252
Total accrued expenses and other current liabilities	$ 153,678	171,452
Accrued payroll taxes, CARES Act		$ 2,700

SUPPLEMENTAL CONDENSED CONSOL_7

SUPPLEMENTAL CONDENSED CONSOLIDATED BALANCE SHEETS AND STATEMENTS OF OPERATIONS INFORMATION - Schedule of Other Non-current Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Supplemental Consolidated Balance Sheet & Statement of Operations Information [Abstract]
Contingent income tax liabilities	$ 11,030	$ 11,213
Deferred income taxes	3,128	3,100
Other	3,324	4,273
Total other non-current liabilities	$ 17,482	$ 18,586

FINANCING ARRANGEMENTS - Conver

FINANCING ARRANGEMENTS - Convertible Senior Notes (Details) - Convertible senior notes due 2026 - Senior Notes - USD ($) $ / shares in Units, $ in Millions	Mar. 31, 2023	Dec. 31, 2022	Apr. 30, 2021
Debt Instrument [Line Items]
Stated interest rate	1.125%
Effective interest rate	1.83%
Estimated fair value of convertible notes	$ 94	$ 133.1
Debt conversion price, premium on stock price			100%
Maximum
Debt Instrument [Line Items]
Conversion price (in usd per share)			$ 104.80

FINANCING ARRANGEMENTS - Schedu

FINANCING ARRANGEMENTS - Schedule of Notes (Details) - Senior Notes - 1.125% Convertible Senior Notes Due 2026 - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Principal amount	$ 230,000	$ 230,000
Less: debt discount	(4,693)	(5,077)
Net carrying amount of liability	$ 225,307	$ 224,923

FINANCING ARRANGEMENTS - Sche_2

FINANCING ARRANGEMENTS - Schedule of Convertible Debt Interest Expense (Details) - Senior Notes - Atairos Notes And 2026 Notes - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Debt Instrument [Line Items]
Contractual interest	$ 647	$ 647
Amortization of debt discount	384	378
Total	$ 1,031	$ 1,025

FINANCING ARRANGEMENTS - Revolv

FINANCING ARRANGEMENTS - Revolving Credit Facility (Details) - USD ($)	Mar. 31, 2023	Sep. 28, 2022
Revolving Credit Facility | 2023 Fourth Amended Credit Agreement
Debt Instrument [Line Items]
Monthly minimum liquidity balance	$ 50,000,000
Aggregate principal amount	75,000,000
Revolving Credit Facility | 2022 Third Amended Credit Agreement
Debt Instrument [Line Items]
Aggregate principal amount		$ 150,000,000
Revolving Credit Facility | Existing Credit Agreement
Debt Instrument [Line Items]
Debt issuance costs	4,600,000
Letter of Credit | 2023 Fourth Amended Credit Agreement
Debt Instrument [Line Items]
Aggregate principal amount	$ 75,000,000

FINANCING ARRANGEMENTS - Sche_3

FINANCING ARRANGEMENTS - Schedule of Amounts Committed to Outstanding Borrowings and Letters of Credit (Details) - Existing Credit Agreement - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Line of Credit Facility [Line Items]
Borrowings	$ 47,700	$ 75,000
Letters of credit	$ 24,809	$ 24,900

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Additional Information (Details) $ in Millions		3 Months Ended	8 Months Ended
	Feb. 02, 2023 lawsuit	Mar. 31, 2023 USD ($) plaintiff	May 09, 2022 lawsuit	Dec. 31, 2017 USD ($)
Recorded Unconditional Purchase Obligation [Line Items]
Indemnification liabilities		$ 2.8
Maximum exposure of indemnification liability		$ 11.7
Groupon Latin America
Recorded Unconditional Purchase Obligation [Line Items]
Estimated indemnification liability				$ 5.4
Derivative Lawsuits
Recorded Unconditional Purchase Obligation [Line Items]
Loss contingency, number of plaintiffs | plaintiff		4
Loss contingency, number of lawsuits filed | lawsuit			4
Loss contingency, number of lawsuits settled | lawsuit	4

STOCKHOLDERS' EQUITY (DEFICIT_3

STOCKHOLDERS' EQUITY (DEFICIT) AND COMPENSATION ARRANGEMENTS - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended
	Mar. 30, 2023	Mar. 31, 2023	Aug. 31, 2011
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation costs		$ 22.6
Weighted-average period of recognition		10 months 28 days
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	2 years
Stock option units issued (in shares)	3,500,000
Stock option units per share value (in usd per share)	$ 0.95
Stock option units strike price (in usd per share)	$ 6
Expiration period	3 years
2011 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment award, shares authorized (in shares)			11,875,000
Number of shares available for issuance (in shares)		464,968
2011 Plan | Minimum | Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		1 year
2011 Plan | Maximum | Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		4 years

STOCKHOLDERS' EQUITY (DEFICIT_4

STOCKHOLDERS' EQUITY (DEFICIT) AND COMPENSATION ARRANGEMENTS - Schedule of Restricted Stock Unit Activity (Details) - Restricted stock units	3 Months Ended
	Mar. 31, 2023 $ / shares shares
Number of Shares
Beginning balance (in shares) | shares	2,876,089
Granted (in shares) | shares	125,486
Vested (in shares) | shares	(403,202)
Forfeited (in shares) | shares	(683,337)
Ending balance (in shares) | shares	1,915,036
Weighted-Average Grant Date Fair Value (per unit)
Beginning balance (in usd per share) | $ / shares	$ 19.33
Granted (in usd per share) | $ / shares	8.74
Vested (in usd per share) | $ / shares	18.09
Forfeited (in usd per share) | $ / shares	14.70
Ending balance (in usd per share) | $ / shares	$ 18.64

STOCKHOLDERS' EQUITY (DEFICIT_5

STOCKHOLDERS' EQUITY (DEFICIT) AND COMPENSATION ARRANGEMENTS - Schedule of Weighted-average Assumptions for Stock Options (Details) - Stock Options	3 Months Ended
	Mar. 31, 2023 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	$ 0
Risk-free interest rate	4.10%
Expected term (in years)	2 years
Expected volatility	78.20%

STOCKHOLDERS' EQUITY (DEFICIT_6

STOCKHOLDERS' EQUITY (DEFICIT) AND COMPENSATION ARRANGEMENTS - Schedule of Performance Share Unit Activity (Details) - Performance Shares Units	3 Months Ended
	Mar. 31, 2023 $ / shares shares
Number of Shares
Beginning balance (in shares) | shares	17,269
Granted (in shares) | shares	0
Vested (in shares) | shares	(17,269)
Forfeited (in shares) | shares	0
Ending balance (in shares) | shares	0
Weighted-Average Grant Date Fair Value (per unit)
Beginning balance (in usd per share) | $ / shares	$ 24.13
Granted (in usd per share) | $ / shares	0
Vested (in usd per share) | $ / shares	24.13
Forfeited (in usd per share) | $ / shares	0
Ending balance (in usd per share) | $ / shares	$ 0

REVENUE RECOGNITION - Activity

REVENUE RECOGNITION - Activity in the Liability of Customer Credits (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
Customer Credits [Roll Forward]
Customer credits, beginning balance	$ 36,220
Credits issued	26,921
Credits redeemed	(25,856)
Breakage revenue recognized	(2,995)
Foreign currency translation	80
Customer credits, ending balance	$ 34,370

REVENUE RECOGNITION - Narrative

REVENUE RECOGNITION - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Capitalized Contract Cost [Line Items]
Deferred contract acquisition costs	$ 5.3		$ 5.9
Amortization of deferred contract costs	$ 2.3	$ 2.9
Minimum
Capitalized Contract Cost [Line Items]
Deferred contract acquisition cost recognition period	12 months
Maximum
Capitalized Contract Cost [Line Items]
Deferred contract acquisition cost recognition period	18 months

REVENUE RECOGNITION - Activit_2

REVENUE RECOGNITION - Activity in Allowance for Expected Credit Losses on Accounts Receivable (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for expected credit losses, beginning balance	$ 4,538
Change in provision	(639)
Write-offs	(115)
Foreign currency translation	34
Allowance for expected credit losses, ending balance	$ 3,818

RESTRUCTURING AND RELATED CHA_3

RESTRUCTURING AND RELATED CHARGES - Narrative (Details) $ in Millions		1 Months Ended		3 Months Ended
	Aug. 05, 2022 position	Jan. 31, 2023 USD ($) position	Apr. 30, 2020 position	Mar. 31, 2023 USD ($) employee
600 West Chicago
Restructuring Cost and Reserve [Line Items]
Option to lease early termination penalty		$ 9.6
2022 Restructuring Plan, First Phase
Restructuring Cost and Reserve [Line Items]
Reduction in number of positions (in employees) | position	1,000
2022 Restructuring Plan, First Phase | Minimum
Restructuring Cost and Reserve [Line Items]
Expected restructuring cost (up to)				$ 20
2022 Restructuring Plan, First Phase | Maximum
Restructuring Cost and Reserve [Line Items]
Expected restructuring cost (up to)				$ 27
2022 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Reduction in number of positions (in employees)		1,000		8
Restructuring and related charges, incurred to date				$ 18.6
2020 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Reduction in number of positions (in employees) | position			1,600
Restructuring and related charges, incurred to date				$ 109.2

RESTRUCTURING AND RELATED CHA_4

RESTRUCTURING AND RELATED CHARGES - Schedule of Restructuring Costs by Segment (Details) $ in Thousands	1 Months Ended		3 Months Ended
	Jan. 31, 2023 position	Apr. 30, 2020 position	Mar. 31, 2023 USD ($) employee	Mar. 31, 2022 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges			$ 8,794	$ 312
2022 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Employee Severance and Benefit Costs (Credits)			8,173
Other Exit Costs			808
Restructuring and related charges			$ 8,981
Number of employees terminated | employee			700
Number of planned additional employee termination	1,000		8
2020 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Employee Severance and Benefit Costs (Credits)			$ (1,046)	(288)
Legal and Advisory Costs			(55)	81
Lease-related Charges (Credits)			914	519
Restructuring and related charges			(187)	312
Number of planned additional employee termination | position		1,600
North America | 2022 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Employee Severance and Benefit Costs (Credits)			4,440
Other Exit Costs			808
Restructuring and related charges			5,248
North America | 2020 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Employee Severance and Benefit Costs (Credits)			0	1
Legal and Advisory Costs			1	44
Lease-related Charges (Credits)			607	356
Restructuring and related charges			608	401
International | 2022 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Employee Severance and Benefit Costs (Credits)			3,733
Other Exit Costs			0
Restructuring and related charges			3,733
International | 2020 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Employee Severance and Benefit Costs (Credits)			(1,046)	(289)
Legal and Advisory Costs			(56)	37
Lease-related Charges (Credits)			307	163
Restructuring and related charges			$ (795)	$ (89)

RESTRUCTURING AND RELATED CHA_5

RESTRUCTURING AND RELATED CHARGES - Schedule of Restructuring Liability Activity (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
2022 Restructuring Plan
Restructuring Reserve [Roll Forward]
Beginning balance	$ 175
Charges payable in cash and changes in estimate	8,981
Cash payments	(5,320)
Foreign currency translation	47
Ending balance	3,883
2020 Restructuring Plan
Restructuring Reserve [Roll Forward]
Beginning balance	4,607
Charges payable in cash and changes in estimate	(1,101)
Cash payments	(624)
Foreign currency translation	43
Ending balance	2,925
Employee Severance and Benefit Costs | 2022 Restructuring Plan
Restructuring Reserve [Roll Forward]
Beginning balance	175
Charges payable in cash and changes in estimate	8,173
Cash payments	(5,114)
Foreign currency translation	47
Ending balance	3,281
Employee Severance and Benefit Costs | 2020 Restructuring Plan
Restructuring Reserve [Roll Forward]
Beginning balance	4,306
Charges payable in cash and changes in estimate	(1,046)
Cash payments	(529)
Foreign currency translation	41
Ending balance	2,772
Other Exit Costs | 2022 Restructuring Plan
Restructuring Reserve [Roll Forward]
Beginning balance	0
Charges payable in cash and changes in estimate	808
Cash payments	(206)
Foreign currency translation	0
Ending balance	602
Other Exit Costs | 2020 Restructuring Plan
Restructuring Reserve [Roll Forward]
Beginning balance	301
Charges payable in cash and changes in estimate	(55)
Cash payments	(95)
Foreign currency translation	2
Ending balance	$ 153

INCOME TAXES - Schedule of Prov

INCOME TAXES - Schedule of Provision (Benefit) for Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Provision (benefit) for income taxes	$ 1,118	$ (2,675)
Income (loss) before provision (benefit) for income taxes	$ (27,495)	$ (37,027)

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Details) - International $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($)
Income Taxes [Line Items]
Proposed assessment for claims	$ 115.3
Decrease in unrecognized tax benefits reasonably possible	$ 7.1

INCOME (LOSS) PER SHARE - Sched

INCOME (LOSS) PER SHARE - Schedule of Computation of Basic and Diluted Net Income (Loss) Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Numerator
Net income (loss)	$ (28,613)	$ (34,352)
Less: Net income (loss) attributable to noncontrolling interests	534	500
Net income (loss) attributable to common stockholders	$ (29,147)	$ (34,852)
Denominator
Weighted-average common shares outstanding, basic (in shares)	30,676,145	29,862,879
Weighted-average common shares outstanding, diluted (in shares)	30,676,145	29,862,879
Basic net income (loss) per share (in usd per share)	$ (0.95)	$ (1.17)
Diluted net income (loss) per share (in usd per share)	$ (0.95)	$ (1.17)

INCOME (LOSS) PER SHARE - Sch_2

INCOME (LOSS) PER SHARE - Schedule of Weighted-Average Potentially Dilutive Instruments (Details) - shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	9,207,311	8,854,765
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	2,353,393	2,047,783
Other stock-based compensation awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	101,118	54,182
Convertible Senior notes due 2026
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	3,376,400	3,376,400
Capped call transactions
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	3,376,400	3,376,400

SEGMENT INFORMATION - Additiona

SEGMENT INFORMATION - Additional Information (Details)	3 Months Ended
	Mar. 31, 2023 segment
Segment Reporting [Abstract]
Number of operating segments	2

SEGMENT INFORMATION - Schedule

SEGMENT INFORMATION - Schedule of Revenue by Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Schedule of Revenue by Segment [Line Items]
Total International revenue	$ 121,611	$ 153,320
North America
Schedule of Revenue by Segment [Line Items]
Total International revenue	89,259	110,164
North America | United States
Schedule of Revenue by Segment [Line Items]
Total International revenue	87,700	108,800
North America | Local
Schedule of Revenue by Segment [Line Items]
Total International revenue	81,379	96,921
North America | Goods
Schedule of Revenue by Segment [Line Items]
Total International revenue	5,065	8,294
North America | Travel
Schedule of Revenue by Segment [Line Items]
Total International revenue	2,815	4,949
International
Schedule of Revenue by Segment [Line Items]
Total International revenue	32,352	43,156
International | Local
Schedule of Revenue by Segment [Line Items]
Total International revenue	25,265	33,150
International | Goods
Schedule of Revenue by Segment [Line Items]
Total International revenue	4,246	6,779
International | Travel
Schedule of Revenue by Segment [Line Items]
Total International revenue	$ 2,841	$ 3,227

SEGMENT INFORMATION - Schedul_2

SEGMENT INFORMATION - Schedule of Cost of Revenue by Segment and Category (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting Information [Line Items]
Total International cost of revenue	$ 16,900	$ 19,319
North America
Segment Reporting Information [Line Items]
Total International cost of revenue	13,317	15,917
International
Segment Reporting Information [Line Items]
Total International cost of revenue	3,583	3,402
Local | North America
Segment Reporting Information [Line Items]
Total International cost of revenue	11,387	13,163
Local | International
Segment Reporting Information [Line Items]
Total International cost of revenue	2,623	2,596
Goods | North America
Segment Reporting Information [Line Items]
Total International cost of revenue	945	1,459
Goods | International
Segment Reporting Information [Line Items]
Total International cost of revenue	588	396
Travel | North America
Segment Reporting Information [Line Items]
Total International cost of revenue	985	1,295
Travel | International
Segment Reporting Information [Line Items]
Total International cost of revenue	$ 372	$ 410

SEGMENT INFORMATION - Schedul_3

SEGMENT INFORMATION - Schedule of Contribution Profit by Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Schedule of Operating Income (Loss) by Segment
Revenue	$ 121,611	$ 153,320
Cost of revenue	16,900	19,319
Marketing	24,848	39,416
Contribution profit	79,863	94,585
Selling, general and administrative	101,634	126,420
Restructuring and related charges	8,794	312
Income (loss) from operations	(30,565)	(32,147)
North America
Schedule of Operating Income (Loss) by Segment
Revenue	89,259	110,164
Cost of revenue	13,317	15,917
Marketing	15,303	27,991
Contribution profit	60,639	66,256
International
Schedule of Operating Income (Loss) by Segment
Revenue	32,352	43,156
Cost of revenue	3,583	3,402
Marketing	9,545	11,425
Contribution profit	$ 19,224	$ 28,329

SEGMENT INFORMATION - Schedul_4

SEGMENT INFORMATION - Schedule of Total Assets by Segment (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Segment Reporting, Asset Reconciling Item [Line Items]
Consolidated total assets	$ 650,643	$ 793,117
North America
Segment Reporting, Asset Reconciling Item [Line Items]
Consolidated total assets	526,953	669,336
North America | United States
Segment Reporting, Asset Reconciling Item [Line Items]
Consolidated total assets	520,900	661,300
International
Segment Reporting, Asset Reconciling Item [Line Items]
Consolidated total assets	123,690	$ 123,781
International | Netherlands
Segment Reporting, Asset Reconciling Item [Line Items]
Consolidated total assets	$ 65,100