Groupon (GRPN): Q1 EPS of $0.02 beats by $0.01. Revenue of $559.3M (+89% Y/Y) beats by $28.5M. Gross billings were $1.35B (+103% Y/Y). Expects Q2 revenue of $550M-$590M vs. $559.3M consensus. Expects Q2 operating income of $25M-$45M
Groupon's Q1: North American revenue +33% Q/Q to $238.6M, the fastest growth rate since Q1 2011. International revenue grew only 3% to $320.7M. Revenue equaled 41% of gross billings (40% in Q4). Active customers +140% Y/Y and +11% Q/Q to 36.9M, over 100K merchants served. Free cash flow was $70.6M. better than net income of $16.3M. Accounts payable/accured merchants payable, a closely-watched figure, rose 10% Q/Q to $616.8M. GRPN +12.1% AH
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