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

BOOT at TRAVELtech 2011: Sydney August 29

I will be at TRAVELtech 2011 presenting in my role as CEO of travel deal site Getaway Lounge. The session is titled

Daily Deal Websites – A New Distribution Channel or A Flash In The Pan?

Wow, two years ago this sector hardly existed now it is white hot. Travel was slow to get on board – leaving the playing field to restaurants, spas and hairdressers - but not it is full steam ahead with several purpose built companies emerging and big incumbents getting also getting involved. Overview from industry analyst followed by panel discussion.

I am on the panel with a who's of deal site execs in Australia

• Tim Hughes, Getaway Lounge
• James Gilbert, Living Social
• Sam Friend, TravelCandy
• Sam Yip, Senior Research Manager, Telsyte
• Dean McEvoy, Founder, Spreets

Registrations are still available here.

Let me know if you will be there and want to meetup.