Monday, May 14, 2012

Groupon?s Q1 Earnings Beat Estimates: $559.3M In Revenue, $1.35B In Groupons Sold

groupon logoGroupon just published its second quarterly earnings report after going public in 2011. The Chicago-based company made $559.3 million in revenue during the first quarter of 2012, up 89% year-over year. Groupon also announced that the total amount of money it collected from customers for Groupons sold (excluding taxes and estimated refunds) increased 103% from $668.2 million in the same quarter last year to $1.35 billion in Q1 2012. Overall, though, Groupon still reported a net loss of $0.02 per share. The company's non-GAAP earnings, however, showed earnings of $0.02 per share.

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