Groupon Announces Q1 2013 Earnings: Revenue $601.4 Billion, EPS $0.03

Posted on May 9 2013 - 4:05am by Editorial Staff

Groupon

Groupon today announced the financial results for the quarter ended March 31, 2013. The company reported the revenue of $601.4 million for the quarter while GAAP operating income was of $21.2 million or $51.2 million excluding stock compensation. The GAAP loss per share was of $0.01, or earnings per share of $0.03 excluding stock compensation.

“We are encouraged by our results, as our local revenues accelerated and our margins improved over the prior quarter,” said Eric Lefkofsky, Chairman and co-CEO of Groupon. “We had record mobile performance as 45% of our North American transactions came from mobile in March, and more than 7 million people downloaded our apps in the quarter.”

About the Author
Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.