Daily deals service Groupon has published its latest quarterly financial results, revealing that its revenues rose 89% year-on-year to $559.3m in Q1 2012, while its operating income was $39.6m, compared to an operating loss of $117.1m in the first quarter of 2011. The company cut its net losses from $146.5m to $11.7m in the same period. Groupon also says that it ended Q1 with 36.9m active customers, up 140% year-on-year. The company notes that nearly 30% of its transactions in April 2012 happened on mobile devices. The company has been working with Live Nation on selling tickets to music concerts to its users in the last year, and recently added a feature called G-Pass to speed up entry into venues for people buying tickets through its service (Bulletin, 12-Apr-12).

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