Holy Crap, LivingSocial Is Losing A Lot Of Money

Top Groupon competitor LivingSocial is still burning money at an incredible rate, according to Amazon’s 10-Q.

LivingSocial had an operating loss of $96 million last quarter on revenue of $138 million. Amazon has a 29% stake in LivingSocial. As a result, it reports some of LivingSocial’s business results.

Sounds pretty bad, but on the plus side, revenue was up 133% on a year over year basis, while operating losses shrank by 27%.

For some context, analysts expect Groupon to generate $578 million in revenue for the June quarter with $73 million in operating income.

You can click on this to enlarge it:


Photo: Screenshot

Via: Bill Gurley

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

livingsocial sai-us