Groupon Revenues and Stock Price Soar

May 15, 2012

For the first quarter of 2012, revenue for online coupon vendor Groupon, Inc. soared 89% to $559.3 million, compared to $295.5 million posted in the prior year's quarter, according to Daily Deal Media. This news sent share of Groupon up 18.5%, or $1.84 per share, to $11.74 in after-hours trading.

The second quarter looks to be a big jump from the previous year as well, with Groupon forcasting an increase of 40- 50% with revenue of $550 to $590 million.