Planetout Inc.
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Planetout Inc. - overview
Established
1995
Location
Los Angeles, CA-California, US
Primary Industry
Internet
About
PlanetOut is a digital media company focused on creating and distributing LGBTQ+ content, providing a platform that connects diverse communities through entertainment and engagement. PlanetOut, founded in 1995 in Los Angeles, US, operates as a digital media company that specializes in LGBTQ+ content. In 2004, the company raised USD 26. 20 mn in its latest funding round, which was led by investors including Allen & Company, Cascade Investment, PAR Capital Management, and SF Capital Group.
PlanetOut has completed a total of 4 deals, with its most recent deal occurring on October 14, 2004. The company went public in October 2004, raising USD 41. 85 mn through the sale of 4. 65 million shares at USD 9 per share.
The founder's history and further details about subsidiaries are not disclosed. PlanetOut operates a streaming platform that focuses on LGBTQ+ content, offering a wide selection of movies and series tailored to the interests of the LGBTQ+ community. Its services include on-demand access to original programming, exclusive films, and curated collections that highlight the diverse experiences of LGBTQ+ individuals. The company primarily serves customers in the United States, with additional outreach to territories such as American Samoa, Guam, Puerto Rico, and the U.
S. Virgin Islands. In 2008, PlanetOut reported a revenue of USD 19. 82 mn, with an EBITDA of USD -4.
22 mn for the same year. PlanetOut plans to introduce new products designed with a focus on expanding its LGBTQ+ content library, although specific release dates have not been disclosed. The company is targeting expansion into new markets, specifically looking to enhance its reach within the United States and international territories by the end of 2024. The recent funding of USD 26.
20 mn will be utilized to support these initiatives, reinforcing its commitment to catering to the LGBTQ+ community's media needs.
Current Investors
Sequoia, AOL Inc., Mayfield Fund
Primary Industry
Internet
Sub Industries
Social Networking & Communication Platform
Website
www.planetout.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Planetout Inc. - financials
| Fiscal Year Ended | Dec 31, 2003 | Dec 31, 2004 | Dec 31, 2005 | Dec 31, 2006 | Dec 31, 2007 | Dec 31, 2008 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 12,727,000 | 24,962,000 | 35,591,000 | - | - | - |
| % Revenue Growth (YoY) | - | 96.1% | 42.6% | - | - | - |
| EBITDA (USD) | 5,057,000 | 5,942,000 | 6,164,000 | - | - | - |
| Operating Income (USD) | (423,000) | 449,000 | 2,043,000 | - | - | - |
| Operating Margin | (3.3%) | 1.8% | 5.7% | - | - | - |
| % EBITDA Margin | 39.7% | 23.8% | 17.3% | - | - | - |
| NET Income (USD) | (752,000) | (537,000) | 2,740,000 | - | - | - |
| % Net Margin | (5.9%) | (2.2%) | 7.7% | - | - | - |
Planetout Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unspecified Round | Completed | Planetout Inc. | - | ||||||||
| IPO | Completed | Planetout Inc. | - | ||||||||
| Series C | Completed | Planetout Inc. | - | ||||||||
| Series A | Completed | Planetout Inc. | - |
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