Groupon is reporting $568M in revenue on Quarter 2 of 2012, which is up 45% y/y, but which misses estimates of $575.3M. It beat profit estimates, however, with $46.5M reported, vs. an operating loss of $101M in Q2 2011.
“We had a solid quarter despite challenges in Europe and continued investment in technology and infrastructure,” said Andrew Mason, CEO of Groupon. “We’ve deepened our relationships with a growing base of merchants and customers worldwide, demonstrating progress as we work to unlock the opportunity in local commerce.”
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Groupon says that the 45% y/y growth in revenue would have been 53% if not for impact from foreign exchange rates.
Groupon stock is down about 8% in after-hours trading after its earnings report.
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