On line dating business ipo
11,000 : Number of stickers submitted during a contest in the U. million: Gross revenue from Line’s Creators Market in its first seven months..49: Cost for a sheet of physical stickers featuring Line’s Brown the bear.
While that’s a smaller user base than Whats App (700 million monthly active users according to research firm Canalys), Facebook Messenger (500 million), and Tencent’s We Chat (480 million), Line has done a remarkable job of turning its popularity into a growing, diversified business.The song’s sales pitch is infectious, but wholly unnecessary: Everyone in Japan is familiar with Line, not just the busy shoppers buying into the mania this winter morning.Less than four years after Line’s launch, the company says that more than 560 million people worldwide have registered as members, the majority of them in Japan, Taiwan, and Thailand.But even then it may be a little late to hit the markets — Match’s sales growth has started to slow and its profit is slipping.Match Group’s Ebitda, or earnings before interest taxes depreciation and amortization, fell 1 percent to 4 million last year, though that was related in part to its acquisition of Princeton Review. It’s not entirely clear why Diller incorporated it into the dating business, but the company line is they both sell services directly to the consumer.
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Barry Diller, the chairman of IAC, will spin off the company’s online dating business into a separate publicly traded company by the end of the year.