As Groupon Inc. reported on Wednesday that the company has exceeded income expectations for the second quarter, it also announced the appointment of Eric Lefkofsky as CEO, and Ted Leonsis as Chairman of the Board.
"The Board is encouraged by Groupon’s performance under Eric’s leadership, and we’re pleased that he has agreed to lead the company through this important stage of its evolution," said Ted Leonsis, Chairman of Groupon.
For the quarter ended 30 June, Groupon said its gross billings increased 10 percent globally to USD1.41 billion, compared with USD1.29 billion in the second quarter of 2012.
Meanwhile, revenue increased 7 percent to USD608.7 million in the second quarter 2013, compared with USD568.3 million in the second quarter 2012.
Lefkofsky said the company continued to gain traction in mobile, with nearly 50 percent of its North American transactions coming from mobile in June. To date, he said more than 50 million people have downloaded Groupon apps worldwide.
In the third quarter 2013, Groupon expects seasonality to impact the Local business, as people travel more frequently in the summer months. The company also said it anticipates continued investment in marketing initiatives to drive long-term growth.