Groupon Beats Q1 Revenue Estimates

Though many investors have lost interest in daily deals, Groupon reported revenue of $757.60 million during the first quarter -- better than the $740 million Wall Street was expecting. Better yet, “Groupon is increasing its full year outlook, and now expects Adjusted EBITDA to exceed $300 million,” the company’s latest earnings report boasts. However, “Raising a non-GAAP figure is only so impressive,” according to TechCrunch. “Following its poorly received growth projections detailed in the fourth quarter of 2013, perhaps this was adjustment too little.
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