Quarterly loss shrinks to $11.7M at Groupon

5/15/2012

NEW YORK — Online deals company Groupon Inc. said Monday that it lost $11.7 million, or 2 cents per share, in the January-March period, compared with a loss of $146.5 million, or 48 cents a share, in the first quarter of 2011, when it was still privately held.

Revenue grew 89 percent to $559.3 million from $295.5 million a year earlier.