Jennifer. thanks joining everyone And today. to for Thanks,
March, forward the execution to I update on looking in an was Interim local. to giving our appointed and win plan recent primary objectives. strategy progress When further I CEO and you outlining had We two in our are
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had that free to have and world months, global past nearly Our to say our the fallen expand needed in shutdown. to position, over we few over accelerate business have cash proud local cost we generated XX% entering structure. and plan a cash and the the was QX. cash of in and We million Today, flow sheet. million stabilized and rightsize our we of we I'm a $XXX nearly $XX business burn were the balance strengthen
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turn growth our strategy. So to let's
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all wallet. of share merchant life to value add Our at stages customers the goal helping a and capturing business attract cycle. We're is larger repeat new customer them to of
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believe also where we fun customers a go experiences. Groupon can and We as destination, memorable discover elevate to
have made work we over While do. to progress years, we still have the
way to revolve development will means around that to we experience should and future, other that new want our testing some reduce strategy frictionless bookable inspiration an of friction a And personalization, the products customer of product and convenience-led conversion that offer or inventory user of drive Our launching This to all improved improve one in and products. user connected be our combination purchase in and the features offers frequency. experience.
frictionless For Relations deck posted buying. inventory, on XXXX on road Investor our additional please product website. see our second better our slide details map, More inventory half and
Okay.
we why So I our released around? results, intend you execute execute forward. be to we of quarter will some to how to this first able spoke going we time After about
to so execute. how the differences not to detail this I'll minute is important, three of key in new, intend it's some we While take highlight a
markets. First, core relentlessly and our focused be going to on priorities, key we verticals, are strategic
teams projects third, quickly. using value. shareholder they empower move quickly make iterate decisions And are and proof likely to more we data looking and learn, we test, add for finally, will greenlight we to will Second, before
call leave Melissa, acknowledge We be of work this. the a at proud hard now. over same lot there's time, lot a ahead, there's turn I let to you to Before but of me with the
Over By the our expanding flywheel and our and profitability. second balance, marketplace our to the and merchant launched that propositions. directly we high-quality quarter, value and topline cash believe core will drive we've stabilized deliver growth a the unlock is inventory volume, we business, tied strategy grown to unit customer growth
are We the committed and of strategy and to goal. returning that Groupon are right have this we we growth, execution focus to achieve confident
you as to a a hard resilience, Groupon results and Finally, to I'm for thank the beginning to shown have done we I proud we're want determination work at here needed the to give our of teammates who dedication, continued growth. huge future foundation have create deliver. so
So, thank you. Melissa. over I'll turn now call the
