Shares of Groupon (NASDAQ: GRPN) soared on Wednesday following the release of the company’s fourth-quarter report. The provider of daily deals beat analyst estimates for both revenue and earnings, driven by a surge in active customers. At 11:30 a.m. EST, the stock was up about 22%.
Groupon reported fourth-quarter revenue of $934.9 million, up 1.9% year over year and $22 million higher than the average analyst estimate. Gross billings declined slightly year over year, but strength in North America mostly offset weakness in international markets.