Friday, February 03, 2012

Living social lost $558mm in 2011 on revenues of $245mm

Living Social may not be under the same level of public financial scrutiny of the now public Groupon, but performance data is out there and it makes for interesting reading. All Things D have posted a summary of the Living Social results and sales for 2011 as drawn from Amazon filings (Amazon owns 31% of Living Social). Here are the main numbers for 2011
  • Revenues: $245mm
  • Net Loss: $558mm
  • Total value of sales (gross bookings): $750-800mm (not including some foreign investments)
  • Current valuations: $4-5 billion based on Amazon's book value of it's 31% stake in Living Social at $208mm
For more and comparisons to Groupon's results check out the full post at All Things D