Amazon Reports LivingSocial’s Financials


In 2011, LivingSocial lost $558 million and they raised $176 million from investors like Amazon.com, U.S. Venture Partners, Revolution Ventures, Code Advisors, and JPMorgan.  Amazon.com filed a 10-Q recently, which reveals LivingSocial’s financials.  LivingSocial reported an operating loss of $96 million last quarter on revenues of $138 million.

Amazon has a 29% stake in LivingSocial.  The good news is that LivingSocial’s revenues are up 133% on year-over-year.  Operating losses shrank 27%.

Groupon is expected to generate $578 million in revenue for the June quarter and $73 million in operating income.

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