The online dating website Zoosk filed papers with the Securities and Exchange Commission Wednesday announcing a planned $100 million initial public offering.
The San Francisco startup was founded in 2007 and began as a website but has been particularly successful as a mobile app, grabbing the number one grossing dating app spot in the Apple app store. The 26-million member service, with users spread across 80 countries, saw revenues of $178 million last year for a net loss of $2.6 million in 2013, Techcrunch reports. In 2012, the site posted a significantly higher net loss of $20.7 million and revenues of just $109 million.
While Zoosk’s earnings have yet to hit positive territory, the service has been gaining users at a rapid pace. According to its IPO filing, by the end of 2013 Zoosk had a total of 26 million members and 650,000 paying subscribers — up 44% and 35%, respectively from 2012.
Bookrunners for the IPO include Bank of America Merrill Lynch, Citigroup, and RBC Capital Markets, according to Techcrunch.
- Global Climate Solutions Exist. It's Time to Deploy Them
- What Happens to Diane Feinstein's Senate Seat
- Who The Golden Bachelor Leaves Out
- Rooftop Solar Power Has a Dark Side
- How Sara Reardon Became the 'Vagina Whisperer'
- Is It Flu, COVID-19, or RSV? Navigating At-Home Tests
- Kerry Washington: The Story of My Abortion
- Want Weekly Recs on What to Watch, Read, and More? Sign Up for Worth Your Time
