Drivers can now earn GasBuddy GasBack™ rewards
by redeeming local food and drink offers
Today, Groupon (NASDAQ: GRPN), the global marketplace for local
services, experiences and goods, announced a U.S. distribution
partnership with GasBuddy, the company that helps consumers avoid
paying full price for fuel. Under the terms of the deal, Groupon
will provide GasBuddy with local food and drink merchants’
card-linked offers content. Consumers will be able to load offers
directly to an eligible payment card after an easy opt-in
enrollment in the GasBuddy app. Once customers visit businesses
with these offers and pay with their enrolled card, they’ll receive
GasBuddy GasBack redeemable for free gas at 95 percent of gas
stations across the United States through the Pay with GasBuddy
program.
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the full release here:
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Groupon, the global marketplace for local
services, experiences and goods, and GasBuddy, the company that
helps consumers avoid paying full price for fuel, announced a U.S.
distribution partnership where Groupon will provide GasBuddy with
local food and drink merchants’ card-linked offers content. (Photo:
Business Wire)
“Partnering with GasBuddy makes perfect sense for us given our
shared value proposition of convenience and savings in your local
community,” said Groupon’s Chief Product Officer Sarah Butterfass.
“Nearly 20 percent of all U.S. internet users come to Groupon every
month.* While that’s an impressive number, we also recognize our
potential as a distribution platform as well as the value of
connecting with consumers outside of our ecosystem.”
Card-linked offers are an important part of Groupon’s
voucherless strategy, which is aimed at enhancing the customer
experience and increasing conversion. During the first quarter,
Groupon increased voucherless inventory by more than 20 percent
quarter-over-quarter as more and more of its business became
card-linked, bookable or ticketed.
“GasBuddy’s goal is to give away more free gas in the United
States and Canada than any other company,” said Sarah McCrary, CEO
of GasBuddy. “Consumers value gasoline as a currency more than cash
itself, and by adding local restaurants, coffee shops and other
food and drink businesses, GasBuddy is giving consumers more ways
to earn GasBack than anyone else."
The Groupon and GasBuddy partnership is expected to go live in
the second half of the year.
*Source: Comscore Media Metrix® Multi-Platform, Percent Reach,
Total Audience, April 2019, U.S.
Note on Forward-Looking Statements
The statements contained in this release that refer to plans and
expectations for the next quarter, the full year or the future are
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, including statements
regarding our future results of operations and financial position,
business strategy and plans and our objectives for future
operations. The words "may," "will," "should," "could," "expect,"
"anticipate," "believe," "estimate," "intend," "continue" and other
similar expressions are intended to identify forward-looking
statements. We have based these forward looking statements largely
on current expectations and projections about future events and
financial trends that we believe may affect our financial
condition, results of operations, business strategy, short-term and
long-term business operations and objectives, and financial needs.
These forward-looking statements involve risks and uncertainties
that could cause our actual results to differ materially from those
expressed or implied in our forward-looking statements. Such risks
and uncertainties include, but are not limited to, risk related to
volatility in our operating results; execution of our business and
marketing strategies; retaining existing customers and adding new
customers; challenges arising from our international operations,
including fluctuations in currency exchange rates, legal and
regulatory developments and any potential adverse impact from the
United Kingdom's likely exit from the European Union; retaining and
adding high quality merchants; our voucherless offerings;
cybersecurity breaches; reliance on cloud-based computing
platforms; competing successfully in our industry; changes to
merchant payment terms; providing a strong mobile experience for
our customers; maintaining our information technology
infrastructure; delivery and routing of our emails; claims related
to product and service offerings; managing inventory and order
fulfillment risks; litigation; managing refund risks; retaining and
attracting members of our executive team; completing and realizing
the anticipated benefits from acquisitions, dispositions, joint
ventures and strategic investments; lack of control over minority
investments; tax liabilities; tax legislation; compliance with
domestic and foreign laws and regulations, including the CARD Act,
GDPR and regulation of the Internet and e-commerce; classification
of our independent contractors; protecting our intellectual
property; maintaining a strong brand; customer and merchant fraud;
payment-related risks; our ability to raise capital if necessary
and our outstanding indebtedness, including refinancing our credit
facility; global economic uncertainty; our common stock, including
volatility in our stock price; our convertible senior notes; and
our ability to realize the anticipated benefits from the hedge and
warrant transactions. For additional information regarding these
and other risks and uncertainties, we urge you to refer to the
factors included under the headings "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" in our Annual Report on Form 10-K for the
year ended December 31, 2018, and Quarterly Reports on Form 10-Q
and our other filings with the Securities and Exchange Commission,
copies of which may be obtained by visiting the company's Investor
Relations web site at investor.groupon.com or the SEC's website at
www.sec.gov. Groupon's actual results could differ materially from
those predicted or implied and reported results should not be
considered an indication of future performance. You should not rely
upon forward-looking statements as predictions of future events.
Although Groupon believes that the expectations reflected in the
forward-looking statements are reasonable, it cannot guarantee that
the future results, levels of activity, performance or events and
circumstances reflected in the forward-looking statements will be
achieved or occur. Moreover, neither Groupon nor any other person
assumes responsibility for the accuracy and completeness of the
forward-looking statements. The forward-looking statements reflect
our expectations as of June 12, 2019. We undertake no obligation to
update publicly any forward-looking statements for any reason after
the date of this release to conform these statements to actual
results or to changes in our expectations.
About GasBuddy
GasBuddy is a company that connects drivers with their Perfect
Pit Stop. As the leading source for crowdsourced, real-time fuel
prices at more than 150,000 gas station convenience stores in the
U.S., Canada and Australia, millions of drivers use the GasBuddy
app and website every day to find gas station convenience stores
based on fuel prices, location and ratings/reviews. GasBuddy’s
first-of-its-kind fuel savings program, Pay with GasBuddy, has
saved Americans more than $6 million at the pumps since its launch
in 2017. The company’s business solutions suite, GasBuddy Business
Pages, provides Fuel Marketers and Retailers their best opportunity
to maintain their station information, manage their brand, and
promote to their target consumer audience. For more information,
visit http://www.gasbuddy.com.
About Groupon
Groupon (NASDAQ: GRPN) is building the daily habit in local
commerce, offering a vast mobile and online marketplace where
people discover and save on amazing things to do, see, eat and buy.
By enabling real-time commerce across local businesses, travel
destinations, consumer products and live events, shoppers can find
the best a city has to offer.
Groupon is redefining how small businesses attract and retain
customers by providing them with customizable and scalable
marketing tools and services to profitably grow their
businesses.
To download Groupon's top-rated mobile apps, visit
www.groupon.com/mobile. To search for great deals or subscribe to
Groupon emails, visit www.groupon.com. To learn more about the
company’s merchant solutions and how to work with Groupon, visit
www.groupon.com/merchant.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190612005510/en/
Media Contacts:GrouponNick
Halliwell312.999.3812nhalliwell@groupon.com
GasBuddyAllison Mac626.383.8371amac@gasbuddy.com
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