Shares of Groupon, the local-deals shopping site, are up as high as 25% to around $4.73 in after-hours trading after reporting a quarter that blew away analyst estimates.
Here are the important figures, per Groupon’s earnings release:
- Net loss of $51.7 million, or $0.01 per share versus loss of $0.02 per share expected
- Revenues of $756 million versus revenues of $711 million expected
Groupon also says in that release that it added one million new customers in the last quarter, more than any quarter in the last two years.