Groupon’s Q1 Earnings Beat Estimates: $559.3M In Revenue, $1.35B In Groupons Sold

Groupon just published its second quarterly earnings report after going public in 2011. The Chicago-based company made $559.3 million in revenue during the first quarter of 2012, up 89% year-over year. Groupon also announced that the total amount of money it collected from customers for Groupons sold (excluding taxes and estimated refunds) increased 103% from $668.2 million in the same quarter last year to $1.35 billion in Q1 2012. Overall, though, Groupon still reported a net loss of $0.02 per share. Non-GAAP earnings, however, showed earnings of $0.02 per share.

The overall consensus among analysts was that Groupon would report about $530 million in revenue and the company itself had predicted revenue somewhere between $510 and $550 million. For the next quarter, Groupon expects revenue to be between $550 and $590 million.

After its IPO, Groupon’s shares famously lost about 50% of their value. Today, the stock is up more than 12% in after-hours trading.

Update: The stock is now up more than 17.76% in after-hours trading. That’s on top of an 18.54% gain throughout the day while the markets were open. That’s the biggest one-day increase in Groupon’s stock price since it went public.

More Highlights From Today’s Report

In its report, Groupon also highlighted that its revenues in North America grew 75% year-over-year “and accelerated sequentially faster than they have since the first quarter of 2011.”

For the first time, Groupon also served more than 100,000 merchants per quarter in Q1. The company also reported that 50% of the offers it ran in the first quarter were with merchants who had previously run on Groupon. These merchants, Groupon also noted, continue to quickly adopt the company’s Groupon Rewards program. More than 30% of eligible merchants in the cities where the company is piloting this program have signed up for it now.

Another interesting number from the report: 30% of transactions in North America were completed on mobile devices in the last quarter. That’s up from 25% in December 2011.