Groupon finalizes Italian tax settlement and updates CEO share award agreement
Groupon settled a long-standing Italian tax dispute for $25.3 million and amended its CEO's performance share unit agreement.Summary
Groupon announced the finalization of a settlement with Italian tax authorities regarding disputes dating back to 2012. Initially, Italian authorities claimed approximately $170 million (€144 million) from Groupon Italy, but the settlement was reached for around $25.3 million (€21.6 million), with most of the payment already made. The company expects the matter to be formally closed in the first quarter of 2026 and anticipates no further obligations.
In a separate matter, Groupon’s Compensation Committee amended CEO Dušan Šenkypl’s performance share unit (PSU) award agreement to correct an administrative error concerning the tax treatment of vested PSUs. The company clarified that this amendment is purely administrative and does not alter the number of shares, vesting conditions, or economic benefits for the CEO.
Recent financial reports reveal a significant earnings per share (EPS) miss for Groupon’s third quarter of 2025, with an EPS of -2.92 against a forecast of 0.02. Despite this, revenue slightly exceeded expectations at $122.8 million. Goldman Sachs subsequently lowered its price target for Groupon from $24.00 to $17.00 while maintaining a 'Sell' rating.
(Source：Investing Us)