May 14, 2012 / 8:56 PM / 7 years ago

Groupon CFO: Share of deals revenue rose in first quarter

SAN FRANCISCO (Reuters) - Groupon Inc’s share of revenue from the sale of daily deals, known as the “take rate,” rose to 41.3 percent in the first quarter from 40 percent in 2011’s final three months, Chief Financial Officer Jason Child told Reuters.

Investors had worried that merchants who sell deals through Groupon would ramp up pressure on the company, to try and reduce the amount of revenue Groupon keeps on every coupon sold.

Reporting by Alistair Barr; Editing by Richard Chang

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