Max Grigoryev
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Max Grigoryev in Fundamentality,

Tinder's parent company files for IPO

Match Group is is the world's leading provider of dating products, as they wrote it in the company's prospectus. Match Group owns 44 brands besides the Tinder, such as Match, OkCupid, Meetic, Twoo, OurTime and FriendScout24. 

The company announced last week that they are going public. Match Group published several interesting financial and operating metrics that we should know before the IPO:

  • Revenue is growing around 10% each year. Match Group earned around $888M in revenues last year, reached $484M as of June 2015. LTM Revenue almost reached a billion level (around $950M);
  • Paid member count is growing: 2,364K as of June 2014 vs 2,626K as of June 2015 (North America);
  • Average revenue per paid customer is falling down, especially international part of it. If we compare first half of 2014 with 2015 we will see almost 20% reduction in international average revenue per paid customer. This is the main reason for international revenue decrease.

In terms of the United States, the business is growing and developing, however the international part has more questions than answers. 

What do you think about another IPO in IT?