Living Social Loss Double Its Revenue
The world’s 2nd largest group buying business, Living Social, lost US$558m on revenues of US$245 million. This financial nugget was contained in the latest results of Amazon, which owns 31% of Living Social.
Market leader Groupon will report its annual results next week. In the nine months to Sept 30 Groupon recorded a net loss of $238 million on revenues of $1.1 billion. Full story in All Things D.
Latest News
- Group Buying Loses Momentum, Dollars and Customers
- Lessons From Daily Deals Summit NYC
- Rift Signals End of Biggest Travel Deals
- Groupon Gets Serious About Travel
- Group Buying Under The Spotlight At Group Buying Summit
- Shaun Cornelius New CEO of OurDeal
- TravelCandy Closes Down
- Groupon Becoming Travel Agent In Europe
- Carsales.com Buys Stake in Torpedo7
- Group Buying Peaked Already - Report
- Would You Like A Coupon With That?
- Daily Travel Deal Too Good To Be True
- Discounting Drives Australian Online Sales
- Jump On It Bought By LivingSocial
- Groupon Buys Uptake, A Social Travel Site
- F-Commerce Takes A Back Seat
- Scoopon Offers Air Australia Refunds
- Mobile Takes Off On Valentine's Day
- Travel Staff Leave Living Social and OurDeal
- Online Advertising Grows 17% In 2011
- Groupon Loss, Shares Slide
- Million Daily Deals A Month Sold In Oz
- Living Social Loss Double Its Revenue
- Stayz.com.au Enters Daily Deals Market
- Should Groupon Have Joined The Conversation?
- Google's Biggest US Advertisers Revealed
- Online Christmas Shopping Spree Forecast
- Best Flash Sale Ever? Spreets Sells $2m in Discounted Tahiti Packages
- FirstClick Acquires MediaMax
- Amplify Sold To Ventures in Digital Media
- Baartz Leaves Yahoo As Search In Decline
- Google Tweaks Home Page, Revisits Past
- Google Australia's Irish Tax Bonus
- Management Changes at FirstClick
- Nick Leeder New Google Australia Boss
- Larry Page Takes Over as Google CEO
- Google Places Survival Guide
- Kate Vale and Lars Rasmussen Leave Google
- Google Instant - Another Money Making Ploy?
- Rob Marston Joins Amplify
- Yahoo Bing Integration Getting Closer
- Temsamani To Head Google Mobile Sales
- Google Wave A Closeout
- Willie Pang Joins Amplify
- Google Reveals AdSense Revenue Share
- Search ,Classified, Directories Grow
- Google Tweaks Search Display
- AdLux Signs Group M and Gumtree
- Account Wins For e-Channel and FirstRate
- Google Gets Into Hotel Meta-Search
- Flight Centre Paid Search Up For Grabs
- European Courts, Legislators Turn Against Google
- First Rate Signs With Ignite Search
- Bumper Results for Google
- China Fight Good Not Bad For Google
- Social Web Goes Mainstream
- Display On Ropes As Search Sets Agenda
- Paid Search Content May Become A Reality
- Photo Wrap on Search Engine Room 2009
- Google boss on where search is heading
- A Year Is A Long Time In Search
- Amplify Wins Major Travel Account
- Bing Maps To Nowhere
- Sorting SEO Hype From Reality
- Social Threatens Search For Most Popular
- Social Media Can Drive Search
- Search Engines 'Content Kleptomaniacs'
- Auction Model Dumped in Local Search Trial
- Searchworld Raises Quality, Lowers Profits
- Carol Bartz The 'Sarah Palin of Search'
- Search Drives Digital Ad Spend in Australia
- Yahoo and Microsoft Join Forces in Search
- News, Fairfax Angry at 'Google Real Estate'
- New Blood At FirstClick
- Twitter Having A Big Impact on Web Traffic
- Bingo - New Microsoft Search Engine
- Google Cries Poor, Loses Money in Oz!
- Search Stays Strong As Market Weakens
- Old Clients Pay for New at Yahoo, Google
- Behavioural Issues for Google 'Frenemies'
- Paid Seach Doubles In Past Year for Accom
- New Head of Search at e-Channel
- Advertisers Shift to Performance
- Microsoft Tests New Search Engine, Kumo
- Oz Search Spend Up 27% in Dec Quarter
- Shopping Search Surge Over Christmas
- Search Strong, Google Growth Continues
- Display Gives Search The Edge
- Google US Domination Increases
- True Local, Yahoo Jilted by Google, Sensis
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- Google Walks Away from Yahoo Ad Deal
- Sensis, Google Sign Massive Search Deal
- No Comparison In Search War of Words
- It's Over, Finished, Obsolete, Redundant ...
- Lookle Discovers No Charity In Business
- Top 10 or Bust - The Rest Don't Matter
- Search News Briefs
- Controversial Google Search Feature Launched in Australia and NZ
- 'Pathetic' Yahoo! Fights For Credibility
- Search Marketing Returns Improve Despite Increased Competition
- Fairfax Digital Deal For Dynamic Creative
- Hawking - Chief Scientist At Funnelback
- Searching For Answers at Ninemsn
- War, Famine and Google on the Evening News ... Can It Happen Here?
- Microsoft ... Terrible Poker Player
- Are You a Digital Web Developer Who Has Moved Into The SEO Space?
- Search Market Share Stabilises in Oz
- Web Analytics Manager - Blue Chip Online Banking Opportunity
- Outrider appoints Marcelo Silva as General Manager, Australia
- New name for Travel Search Engine
- Excite Corporation Signs Deal With LookSmart
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- Micosoft-Yahoo: Make Yourself Comfortable, This Could Take A While
- Global Changes, Local Impact: GroupM Flexes Search Muscle
- Expert Advice on Linking Strategies To Boost Search Engine Rankings
- Coffee With Matt Cutts (and a few hundred other people)
- GOOGLE - SER Special Report
- Garage Where It All Started
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- The Money-Making Machine
- Why Links Are Important to PageRank
- Paid Links Boom Despite Google Ire
- Google Hits Bottom on Accountability
- 'Latest' Google Statistics
- Founders Dreams Turns To Smoke
- Google Paid Search Revenues To Rise
- Wireless Network Next On Google Hit List
- Google Embraces Android, Goes Mobile
- ninemsn - No Space in Digital Future For Search
- NZ Marketers Defy Global Search Trends
- Universal Search Changes SEO Forever
- Offline Drives Online Corporate Search
- Hot Goanna Sold to TPP Internet
- Google Case A Tough One For ACCC
- Top Speakers At Search Engine Room NZ
- Lookle, Blackle - Aussie Search Engines Try Something Different
- LookSmart? Look Elsewhere...
- Search: Big Business and Results
- New 'SEO Friendly' CMS from Amplify
- FIve Easy Steps To Improving Conversions
- Legal Limbo Could Last 12 Months Or More
- Panama Migration Now, Ad Rankings Soon
- Vanishing Up Each Other's Google
- Alkemi Sells 15% To Future Now Inc.
- Search Marketing: Do As I Say Not As I Do
- Snow Industry Leaves SEM In Cold
- Hot Opportunity! Head of Search - Digital Advertising Agency - Beijing, China
- Why Work? That's The Question for Google's Millionaires
- Facilitate Digital Lists, Looks Overseas
- Ansearch Buys Webfirm, Appoints Ridge
- Ciao Baby! Fernandez Joins 24/7 Real Media
- Search Engine Room NZ : November 13
- Found Agency Tumbles in Google Rankings
- Growth Only Constant At Hitwise
- Yellow Signs ninemsn Distribution Deal
- Evidence That SER07 Actually Happened
- Google - World's Most Powerful Brand
- Bid On Brands, Says Travelocity
- In Case You Hadn't Heard...
- Search Job Market Moves Into Overdrive
- 1.6 Million Reasons To Start A Search Marketing Business In A Lounge Room
- Google Overtakes Sensis As Top Digital Earner With 108% Growth
- Get the Spin on SEO Public Relations
- Ashes To Ashes, Dust To Dust, Two NZ Portals Arise, In Business We Trust
- Briefs: 24/7 Grows But Suffers Shrinkage, Funnelback Gets Flustered
- Search Will Take Over The World (Wide Web)
- Search Stars As Online Advertising Cracks $1 billion
- Spending Boom To Fuel Growth But Skills Crisis An Issue
- Panama 'Live' At Search Engine Room
- Read All About It - Google Maps Australia Links With TrueLocal
- New Technologies Change The Measurement Game
- Briefs - And A Funny Bit
- Major Google Appointment Rumoured
- Andrews To Drive Launch of Dynamic Creative at e-Channel
- New Funding, Tech Platform for Downstream Online
- Yahoo! Launches New Rankings System in United States
- Party Rave Becomes Reality
- No 'Miserable Failure' as Google Defuses Bomb
- Aussie Expansion On The Cards as First Rate Sold To Q Limited
- Hills, Leuchars Promoted at 24/7
- Microsoft Boosts Oz Search, Teams With YSM In India
- SEO Benefits From Blogs
- Death, Taxes and Search Engines
- Ansearch: Rapid Sales Growth
- News Goes Local 2.0 - Nook.com.au
- Shopping.com Signs New Partners
- Sensis Test Drives Car Search Site
- Yahoo!7 Boosts Answers But No More Questions for Google
- Louie The Fly Has Nothing On Quotify
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- Bookings Open For Search Engine Room
- Calls To Action, Points of Resolution and Resolving Doors
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Events
Book now for No Vacancy Southeast Asia at the Banyan Tree Bangkok.
The program is shaping up really well with some great speakers from Thailand, Singapore, Indonesia, Malaysia, Hong Kong, United States and Australia already confirmed.
There's a focus on web, distribution, innovation, revenue management, sales, digital marketing and technology - no fluff, just the facts
Confirmed speakers include the following and there are more on the way:
- Bill Barnett, Managing Director, C9 Hotelworks
- Bill Black, President, SilverNeedle Hospitality
- Scott Blume, Group CEO, PT Raja Kumar International
- Ben Emery, Director of Revenue Strategy, Southeast Asia, Marriott International
- Timothy Hansing, CEO, Red Planet Hotels
- Craig Hewett, Co-Founder, Wego.com
- Sonia Kapoor, Director, Nielsen
- Markus Keller, Regional Director of Sales & Distribution - Asia Pacific, Accor
- Dan Lynn, CEO, AirAsia Expedia
- David Perry, General Manager, Gran Melia Jakarta
- Robert Rosenstein, President, Agoda
- Jagdish Sandhu, Director, Revenue Management & Distribution, Banyan Tree Hotels and Resorts
- Sen Sun-Moon, Director, Horwath HTL
- Jessica Tham, Corporate Director - Yield Management, Berjaya Hotels & Resorts
- Jerome Wise, Vice President – Global Internet Marketing Services, TravelClick
- Alan Watts, VP Operations Southeast Asia, IHG
- Michelle Wohl, Vice President Marketing, Reinvate
Sponsor support has been great so far, adding depth and credibility to what will be a great day.
Australia's first Group Buying Summit was staged in Sydney on May 7, 2012. It was a good day with 135 delegates and lots great presentations. Speakers included:
- Jon Beros, General Manager Sales, Scoopon
- Neil Bourne, Director, Nextec Strategic Capital
- Andrew Crawley, Director, Jack Media
- Tony Davis, Director, Quantium
- Brad Gurrie, GM Australian and Southeast Asia, Travelzoo
- Andy Jamieson, Director, Switched On Media
- Tim Lovitt, Senior Analyst - Research and Insights, Experian Hitwise
- Dean McEvoy, Founder and CEO, Spreets
- Daniel Monheit, Director, Hard Hat Digital
- Stephen Ostrer, Director, Deal Focus
- Quaetapo, Chief Operations Manager/Digital, Shop A Docket
- Adam Rigby, Executive General Manager, LivingSocial Australia and NZ
- John Rolfe, Director of News and Public Defender Columnist, Daily Telegraph
- Jodie Sangster, CEO, ADMA
- Adir Shiffman, Co-Founder and Director, Starthere.com.au
- Mike Sneesby, CEO, Cudo
- Simon Smith, Director, Effectivedeals.com
- Chris Zinn, Consumer Advocate
Sponsored by:
Supported by:
Search Engine Room, Australia's original search event, is returning to Sydney in mid November, 2012.
Please subscribe to newsletter for event updates and if you have any queries, contact Martin Kelly.
Meanwhile, check out images from the last Search Engine Room below.
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