Groupon says ‘moving to building phase’ of transformation plan

Expects timeline for building for growth ~18-36 months. Expects to show improvements in financial performance during transformation. Says has “solid financial foundation.” Sees “massive opportunity” to leverage AI across the business. Says last-minute gifting is a “growth opportunity” for the company. Says will continue to reduce promotional spending. Says, “Groupon is a 15 year old company, but we see ourselves at Day Zero.” Comments taken from Q4 earnings conference call.