Groupon Narrows Its Loss After String of Disappointing Results Groupon reported better-than-expected quarterly revenue on Wednesday as the company's main daily deals business in North America turned in a strong performance. The company also reported that its net loss in the first quarter narrowed from a year earlier. Shares of Groupon jumped 10.6 percent, or 59 cents, to $6.18 in after-hours trading. Groupon said its first-quarter revenue rose 7.5 percent, to $601.4 million, from $559.3 million a year earlier. Groupon was expected to generate revenue of $590 million, according to analysts surveyed by Thomson Reuters. The company posted a net loss of $4 million, or 1 cent a share, in the latest quarter, compared with a net loss of $11.7 million, or 2 cents a share, a year earlier. Consolidated segment operating income, a closely watched measure of Groupon's profitability, came in at $51.2 million in the latest period. Mark Mahaney, an analyst at RBC Capital Markets, was expecting this figure to be about $26 million. Groupon's North American revenue jumped 42 percent, while international revenue fell 18 percent. "Revenues were slightly better than expected, with North America growth a lot better, while international is definitely still slower," said Aaron Kessler, an analyst at Raymond James. The company, one of the most celebrated Internet market debutantes of 2011, fired Andrew Mason, its co-founder and chief executive, in February after a string of disappointing results wiped out three-quarters of its market value. Groupon, which has lost several other key executives, is seeking a new permanent chief executive. Ted Leonsis, the company's interim co-chief executive, said on Wednesday that Groupon's board had formed a special committee that had begun a search for a new chief. Groupon's current leadership team is "gelling very very nicely," giving the search committee more time to find "the ideal long-term C.E.O.," Mr. Leonsis said in a conference call with analysts and investors. Groupon shares hit a record low late last year, but have rallied strongly since then, partly because Tiger Global, a top technology-focused hedge fund firm, took a stake of about 10 percent in the company. Under Mr. Leonsis, and his counterpart, Eric Lefkofsky, Groupon is trying to turn around its struggling European business, while continuing to expand in the United States. Analysts expect a slimmed-down company under the new leadership.