OPW - July 12 - The mobile-focused division houses Smooch.com, Jiko and Revelar. EBITDA growth can be attributed to the successful transition of the Smooch.com product from a free online dating brand to a paid, but low-cost, site. The site has achieved YOY growth of 44.2%, accompanied by the implementation of cost saving efficiencies which led to a reduction in total operating costs of 52%. In addition, conversion rates on the site have increased 63% year on year. Jiko has also seen significant growth since its official launch in Feb '16, achieving +1M swipes just two months after its official launch.
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