Things are looking up for Groupon. The daily-deal company has reported a significant increase in revenue at the end of its first quarter and a smaller net loss after an alarming $9.8 million fourth-quarter loss report in February—the company’s first financial results since it went public in November. Revenue jumped 89 percent to $559.3 million from $295.5 million a year earlier when it was still privately held. Groupon Inc. earned 2 cents per share in the latest quarter and revealed a net loss of $11.7 million, surpassing analysts’ expectations.
Read it at Associated Press
