Groupon reported a better than expected first quarter thanks to strong North American revenue growth and an uptick in mobile customers. That helped send the daily deal website’s stock soaring Wednesday. The company reported revenue of $601.4 million, an 8 percent jump from the $559.3 million during the same time last year. Analysts had expected closer to $592 million. Groupon was especially excited about its gains in the mobile space. The company had 7 million app downloads during the past quarter.
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Groupon Regroups With Q1 Revenue Gains, Mobile Growth
Posted by: Rachelle Dragani May 9, 2013 11:24 AMGroupon reported a better than expected first quarter thanks to strong North American revenue growth and an uptick in mobile customers. That helped send the daily deal website’s stock soaring Wednesday. The company reported revenue of $601.4 million, an 8 percent jump from the $559.3 million during the same time last year. Analysts had expected closer to $592 million. Groupon was especially excited about its gains in the mobile space. The company had 7 million app downloads during the past quarter.