Amazon Reports LivingSocial’s Financials

Posted Jul 29, 2012

In 2011, LivingSocial lost $558 million and they raised $176 million from investors like, U.S. Venture Partners, Revolution Ventures, Code Advisors, and JPMorgan. 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.