Groupon Reports $46.5 Million Profit in Second Quarter
Groupon raked in $568.3 million in revenue in the second quarter of 2012, bringing the daily deal site's earnings up 45 percent year-over-year. The company finished out the quarter with a $46.5 million operating income, compared to a $101 million operating loss in the second quarter of 2011. The company cited rising mobile adoption rates and growth within the Groupon Goods program as contributing factors.
Groupon raked in $568.3 million in revenue in the second quarter of 2012, bringing the daily deal site’s earnings up 45 percent year-over-year. The company finished out the quarter with a $46.5 million operating income, compared to a $101 million operating loss in the second quarter of 2011. The company cited rising mobile adoption rates and growth within the Groupon Goods program as contributing factors.
“We had a solid quarter despite challenges in Europe and continued investment in technology and infrastructure,” said Groupon CEO Andrew Mason in a statement. Changes
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