Coupon site says it has boosted revenue, slashed costs
(NEWSER) - Groupon is starting to look like a good buy for investors again. The daily deals company's shares surged 18% yesterday, and climbed further in after-hours trading after it recorded its first-ever quarterly profit, excluding a one-off charge for tax expenses, reports Reuters . Revenue leaped 89% from a year earlier to $559.3 million. Groupon now has 36.9 million customers, and it served more than 100,000 merchants last quarter while marketing costs dropped sharply, say company officials. More»
