Some 2.4 million of those users were paying in the nine months ending 2020. Bumble said it had 42 million monthly active users in the third quarter of 2020.The dating app owned by Match Group is expected to once again post revenue of over $1 billion for the entirety of 2020. The company has a long way to go before it can match its larger competitor Tinder.While revenue grew nearly 15, Bumble’s losses also outpaced its earnings, losing $116.7 million in those nine months of 2020 compared to a profit of $68.6 million the same period a year earlier. The dating app that lets women make the first move posted revenue of about $416.6 million for the first nine months of 2020, surpassing the company performance the same period a year earlier at $362.6 million.Last valued at about $3 billion when Blackstone acquired the business in 2019, it is now valued at about $8.2 billion.Īs we all wait for the inevitable fury around the IPO pop or radio silence should shares fall in its first day of trading, here’s the skinny on Bumble’s financial picture: The company behind Badoo and the Bumble app raised $2.2 billion in an offering of 50 million shares priced at $43, more shares sold at a higher price than previously anticipated. IPO investors seem to think they’ve found a true match with dating app company Bumble. Sign up to get it delivered free to your inbox. Hey, Big Senders! YouSendIt Bulks Up Mobile App.This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. This Is The New Name Brad Garlinghouse Chose To Compete With Box And Dropbox: Hightail How YouSendIt's New CEO Plans To Take On A Mob Of Flashy, Well-Funded Cloud CompetitorsĪOL’s Product Guy, Brad Garlinghouse, Heads For The Exitīrad Garlinghouse’s Suggestion For Saving Yahoo? Buy Flipboard And Gravityīrad Garlinghouse: Yahoo's Strength Is The Application Layer, The Media Stuff Is The Result Of That (YHOO) YouSendIt's Brad Garlinghouse Talks About Found Acquisition, Rebranding and More! (Video) YouSendIt's Brad Garlinghouse Smacks Box's Aaron Levie Yahoo, AOL vet Garlinghouse named CEO of YouSendIt Please follow SAI: Enterprise on Twitter and Facebook.īrad Garlinghouse Becomes CEO Of Booming File Sharing Site YouSendIt Garlinghouse credits former CEO Ivan Koon for keeping YouSendIt's team focused on delivering files-and results. "Can you help us write a screenplay so we can make a movie out of it?" joked Garlinghouse, who said he read about the incident but hadn't heard employees or customers mention it. YouSendIt's investors, who have put $48 million into the company over the years, are surely eager for a return-and maybe a bit less drama.Ĭofounder Khalid Shaikh, who was squeezed out of the company in 2005, plead guilty in June 2011 to launching a cyber attack against the company's servers. Box spends more time talking about the slides at their office than what new solutions to solve customers problems they are building." It's one trajectory," he told us, then added. Garlinghouse isn't ready to announce a timeframe for an IPO, but he does think he's got a better story to tell the bankers than Box. We need to point out that Box is telling a good story about its new app store and has investors drooling over a potential IPO. There's a lot of hype but not a clear way to make money. He knows the file-sharing market is crowded, but notes that his competitors "are growing a lot, not in revenue but in usage. Those include tech-savvy companies like and VMware and brand-conscious marketers like Condé Nast, JWT, and Unilever. Garlinghouse says that the company has hundreds of thousands of business users and thousands of big enterprise customers. What he saw with YouSendIt was $40 million in revenue in 2011, and a base of 30 million registered users that's growing by 1 million a month. I was looking for something that had growth that was playing into the macro trends that will play out over years," he explains.Īt Yahoo, Garlinghouse oversaw Zimbra, a unit which sold email services to small businesses, and he previously ran Dialpad, an early voice-over-Internet startup. He chose YouSendIt because it is growing like mad. But that's just one reason why he's hungry. Today the longtime Silicon Valley executive landed as CEO of file-sharing startup YouSendIt with a clear mission: Get the world to stop talking about startups with "Box" in their names and start paying attention to "one of Silicon Valley's best-kept secrets," as he calls his new company.īusiness Insider caught up with Garlinghouse, his first day on the job, to discuss his hopes for YouSendIt.Īnd we talked straight through his lunch. After he left AOL in December, he had his pick of jobs.
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