8/13/12

Groupon’s revenue rises 45% in Q2

Groupon announced it had a $46.5 million operating income in Q2.

Zak Stambor , Managing Editor

For the second quarter in a row Groupon Inc.'s operations didn’t cause the daily deal operator to post a quarterly operating loss. The daily deal operator announced today it had a $46.5 million operating income in the second quarter. Groupon also noted that its Groupon Goods marketplace surpassed $200 million in revenue during the second quarter, which was its third quarter in operation since launching last fall.

For the second quarter ended June 30, Groupon reported:

For the first half of the year ended March 31, Groupon reported:

"We had a solid quarter despite challenges in Europe and continued investment in technology and infrastructure," says Andrew Mason, Groupon CEO.

Despite Groupon's gains, its revenue fell short of analyst estimates. Moreover, the daily deal operator's quarter over quarter growth rate was 1.6%, a sharp decline from the double-digit rates Groupon had posted in the previous five quarters.

Topics:

Andrew Mason, e-commerce, e-mail, e-mail marketing, e-retail, financials, Groupon, Vendor financials

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