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.