BLOOMBERG - Dec 3 - Badoo has attracted ~200M people worldwide, 25M of them are active. The challenge is now to expand beyond its strongholds in Southern Europe and Latin America. Badoo is eyeing Asia, UK and US. The company has been profitable since 2009, and sales last year expanded ~33% to $200M. It has hired Goldman Sachs Group as an adviser and doesn’t rule out an IPO. Meetic and Match.com are not concerned about the challenge from Badoo. Sam Yagan said his service is superior to Badoo and is rated higher by users.
by Ilya Khrennikov & Manuel Baigorri
The full article was originally published at Bloomberg, but is no longer available.
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The USA market is a tough nut to crack. But Badoo is situated to circle its wagons and draw in to the lucrative North American market. Andrey may well be able to get to his rumored goal of selling Badoo for a billion dollars.
Posted by: Mark Brooks | Dec 05, 2013 at 12:25 PM