Badoo
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Badoo - overview
Established
2006
Location
London, England, UK
Primary Industry
Internet
About
Badoo is an online dating platform that connects users for social interactions, friendships, and romantic relationships through a mobile application and web interface, fostering engagement and authentic connections. Badoo is an online dating service founded in 2006 in London, UK. The company was established with the aim of creating a platform for social interactions and has attracted a diverse global user base. Tharles Saqqaf is the current CEO.
In January 2008, Badoo raised USD 30 mn in Series A funding from Finam Global, marking a significant milestone in its early growth. The company operates internationally, with notable presence in Europe, Latin America, and parts of Asia. Badoo's core offering is an online dating platform and mobile application designed to connect users for social interactions, including friendships, casual chatting, and romantic relationships. The platform incorporates features that facilitate user engagement, such as direct messaging and profile browsing, enabling individuals to connect based on mutual interests.
Badoo aims to improve users' dating experiences by emphasizing authenticity and safety, leveraging advanced technology to combat fake accounts and scams. The platform has attracted a diverse client base, primarily consisting of individuals seeking meaningful connections. In the most recent year, 2022, Badoo reported a revenue of USD 146,117,345. 50 and an EBITDA of USD 14,691,512.
50. The company generates revenue through a freemium model, offering basic features for free while providing premium subscription services for enhanced functionalities. This monetization strategy includes options for users to purchase features such as profile boosts and visibility enhancements. Badoo plans to utilize its recent funding of USD 30 mn from January 2008 to enhance its platform and expand into new markets.
The company is focusing on developing new features to improve user engagement and broaden its global reach, particularly in Asia and Latin America. Specific launch dates for upcoming products have not been disclosed, but the company is committed to leveraging its resources for continuous improvement and market expansion.
Current Investors
Finam Global
Primary Industry
Internet
Sub Industries
Social Networking & Communication Platform
Website
www.badoo.com
Company Stage
Series A
Total Amount Raised
Subscriber access only
Badoo - timeline of key events
Badoo - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 5,190,534 | 3,704,093 | 2,687,500 | 2,831,265 | 4,296,925 | 6,066,561 | 12,603,000 | 27,292,000 | 36,754,000 | 40,021,000 | 43,630,000 | 123,956,000 | - | - | - |
| % Revenue Growth (YoY) | - | (28.6%) | (27.4%) | 5.3% | 51.8% | 41.2% | 107.7% | 116.6% | 34.7% | 8.9% | 9.0% | 184.1% | - | - | - |
| EBITDA (USD) | 330,597 | 350,750 | 667,966 | - | - | - | - | - | - | - | (9,875,000) | 10,289,000 | - | - | - |
| Operating Income (USD) | 309,203 | 329,547 | 344,052 | 518,710 | 299,785 | 555,137 | 918,000 | 1,915,000 | 2,561,000 | 2,890,000 | (9,875,000) | 10,289,000 | - | - | - |
| Operating Margin | 6.0% | 8.9% | 12.8% | 18.3% | 7.0% | 9.2% | 7.3% | 7.0% | 7.0% | 7.2% | (22.6%) | 8.3% | - | - | - |
| % EBITDA Margin | 6.4% | 9.5% | 24.9% | - | - | - | - | - | - | - | (22.6%) | 8.3% | - | - | - |
| NET Income (USD) | 214,033 | 263,485 | 322,324 | 397,650 | 234,957 | 417,780 | 879,000 | 1,873,000 | 2,401,000 | 2,791,000 | (9,254,000) | 15,856,000 | - | - | - |
| % Net Margin | 4.1% | 7.1% | 12.0% | 14.0% | 5.5% | 6.9% | 7.0% | 6.9% | 6.5% | 7.0% | (21.2%) | 12.8% | - | - | - |
Badoo - employee data
Badoo - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| CFO, Operations and board member | BM |
BM Board Member
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