“While our first quarter results indicate that our business is facing serious challenges, I accepted the role of interim CEO of Groupon because I believe in Groupon’s mission and I am confident that we have a winning transformation plan to rebuild Groupon and reposition it for future growth,” interim Chief Executive Dusan Senkypl said in a statement. Analysts polled by FactSet expected an adjusted loss of 94 cents a share on sales of $135 million. Adjusted for one-time items, Groupon lost 65 cents a share. Groupon sold half of stake to raise liquidity during pandemic: In Q1 20, Groupon sold 50 of its stake in another equity method investment for 34.0 million, which we believe to be SumUp. Less than two years since its inception, in 2010, Alphabet Inc. Groupon, when it first emerged more than a decade ago, was an instant success. In the first quarter, the company lost $29 million, or 95 cents a share, compared with a loss of $34.4 million, or $1.17 a share, in the year-ago period. Groupon - Stuck between a rock and a hard place. The company offers goods and services at discounted rates. Groupon embarked on a restructuring plan in January and got a new chief executive in March. Groupon Inc (Groupon) is an online commerce marketplace that connects consumers and merchants. The company also kept a going-concern warning in a filing and the mention that it continues to evaluate “several different strategies” to improve liquidity. Dropped more than 1% in aftermarket Wednesday after the deals and coupons company said it was “facing serious challenges” to remain afloat and offered mixed quarterly results. Groupon Coupon Codes, Promo Codes & Discounts Get Capital One Shopping to become a power-saver at Groupon Its free.