![]() ![]() In 2022, Groupon was the sixth most downloaded free discount and offers app in the world, far behind Denmark's Too Good To Go. While Groupon made its name through its web portal, the growing demand for mobile solutions has led the company to increasingly invest in its app. Between 20, the number of active customers on the site more than halved from nearly 50 million to less than 20 million.īorn in Las Vegas, Nevada, the deal-sharing website Slickdeals stands as Groupon's biggest rival, registering nearly twice as many visits in the United States. Similarly, Groupon has struggled to retain, let alone grow, its user base. After the height of the pandemic, results did not recover, with revenues decreasing even further to 599 million dollars in 2022. With the coronavirus taking its toll, consumers across the globe stopped traveling and engaging in social activities, leaving the daily deals site with revenues below 1.5 billion dollars in 2020. dollars in 2016, revenues have been decreasing annually. After reaching an all-time high global revenue of three billion U.S. Since then, the company has been on a roller coaster ride. Following a year of disappointing results, Groupon's CEO and co-founder, Andrew Mason, was removed from his duties in February 2013.
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