Groupon, the largest daily-deal website, reported first-quarter profit that topped estimates as marketing costs dropped and it expanded internationally in its second period as a publicly traded company.
Profit excluding certain costs was $16.3 million, or 2 cents a share, the Chicago-based company said in a statement today. Revenue jumped 89% to $559.3 million from $295.5 million a year earlier. Analysts had projected, on average, profit of 1 cent on sales of $530.6 million, according to data compiled by Bloomberg.