LivingSocial Q1 Revenues Up 168% to $110M

By  |  April 30, 2012
 | 

LivingSocial generated $110 million in first quarter revenues this year, according to a report from Internet Retailer citing an Amazon.com SEC filing. Amazon owns nearly 30 percent of LivingSocial.

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    Its most recent quarterly performance is representative of torrid growth —Q1 revenues are up more than 168 percent, Internet Retailer says. LivingSocial grew its business by offering more deals — about 21,000 in the quarter, Internet Retailer says — and “diversifying its offerings,” says Unaiz Kabani, a data manager with Yipit, which aggregates daily deals.

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