Are LivingSocial Financials on the Upswing? Hear from Kevin Ryan and Arianna Huffington at the "Startup" conference next week--Discounted! & Social Gamer Zynga Posts Q1 Earnings – Beats Street Estimates

Daily Deal Media News Daily Deal News for April 27th, 2012 Are LivingSocial Financials on the Upswing? Social Gamer Zynga Posts Q1 Earnings – Beats Street Estimates Hear from Kevin Ryan and Arianna Huffington at the "Startup" conference next week--Discounted! Social Shopping: Friends Don’t Let Friends Buy Alone Groupon Wecomes Kal Raman as SVP, Americas Plymio: “Shopping Isn’t Just Buying” Groupon is Boycotted for San Francisco Armory Deal that Promotes Kink’s ‘Torture Porn Tour’ Let’s Haggle Puts Your Negotiating Skills to the Test Sidebuy.com Launches Mobile Site for Shoppers on the Go LivingSocial Acquires Onosys, Amps Up Merchant Services Groupon Receives Praise from Connecticut’s Attorney General Savemore.com Website Down, No Deals Running Are LivingSocial Financials on the Upswing? According to the latest report, yes! Amazon.com, LivingSocial’s most well-known, major investors, has filed a quarterly report stating that the daily deal company reported $110 million of revenue in the first quarter of 2012; twice as much revenue as this time last year. The report also states that LivingSocial had a net income of $156 million last quarter; which is defined as “the recognition of non-operating, non-cash gains on previously held equity positions in companies that LivingSocial acquired during the quarter.” As reported by the Washington Business Journal several events may have affected LivingSocial’s numbers, such as the shutdown of the acquired Jump on It (Sydney) and Let’s Bonus (Barcelona).  LivingSocial’s first quarter loss was also smaller than last year; it decreased by $11 million, from $103 million last year to $92 million this year. The company had only posted $41 million in revenue last year in the first quarter. Hear from Kevin Ryan and Arianna Huffington at the "Startup" conference next week--Discounted! On May 3, Daily Deal Media readers are invited to join 700 startup founders, investors, and innovation junkies at Business Insider's Startup conference on entrepreneurship in New York. Here are five reasons you should reserve a ticket --including a discount! Hear from amazing CEOs. Like Kevin Ryan, Gilt Groupe CEO and former DoubleClick CEO, who'll speak on launching companies in crowded verticals and beating the competition. Arianna Huffington will explain how she built her scrappy news-aggregating blog into a powerhouse news site that just won a Pulitzer. Be the next Zynga. Facebook's engineering manager for Timeline will tell developers the best strategies in the brave new world of redesigned Facebook. Be the first to get the scoop on the new $450 million+ New York technology campus that the city government is teaming up with Cornell University to create. The new dean will explain what's next and how you can be involved. Go behind the scenes. The event takes place at New World Stages, on the set of the Tony and Pulitzer-winning musical Rent. Check out how the show looks with startup founders -- of Branch, Gumroad, Dwolla, TaskRabbit, Lot18, Mightybell and more -- dishing onstage on topics like pivoting and raising. Cast your vote! Help decide which startup takes home $75,000 in cash and prizes in our business-plan competition.  Bonus reason! You get a discount. Use the code "startup" here and get 20% off. Social Gamer Zynga Posts Q1 Earnings – Beats Street Estimates Social gamer Zynga, Incorporated (NASDAQ ticker symbol:ZNGA) has reported its first quarter numbers. Quarterly earnings and revenue beat Wall Street’s expectations and shares are trading slightly higher in extended-hours trading.ZNGA closed the normal trading session at $9.42 up $ .31 (3.4%) on volume of 21.5 million shares (over 50% higher than normal daily volume). According Thomson Reuters, the Street was looking for earnings at 5 cents per share on $317.3 million revenues. The company posted first-quarter earnings excluding items of 6 cents per share. Bookings revenue was $329 million. Here is a breakdown by the numbers for the quarter that ended March 31st: Net loss of $85.4 million or 12 cents a share, verses net income of $16.8 million, or break even on a per-share basis, for the same period last year. Adjusted earnings of $47 million, or 6 cents a share. Bookings for the quarter rose 15% to $329.2 million. Revenue rose 32% to $321 million. Monthly active users 292 million verses 236 million a year earlier. Daily Deal Media LLC 700 Tower Dr Suite 500, Troy MI 48098 Direct: (248)247-3580 Email: info@dailydealmedia.com Web: http://dailydealmedia.com Be a fan on Facebook Follow us on Twitter RSS Feed

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