eHarmony
USINFO | 2013-05-20 13:27
Estimated Value $800 million
Last Year’s Rank Valuation #24 $700 million
Business Online Dating
Location Pasadena, California
CEO Greg Waldorf
Investors Fayez Sarofim & Co., Technology Crossover Ventures, Sequoia Capital and Tuputele Ventures.
Analysis Believe it or not, people don't just use the Internet for seedy hookups. eHarmony, which operates in the US, Canada, Australia and the UK, is the destination for online daters go for serious relationships. The company has over 33 million registered users.
The company generated $250 million in revenue last year and has been profitable since 2004. We believe online dating will continue to experience strong growth, especially those sites with strong brands like eHarmony. The high churn rates (likely the reason they stopped publishing user numbers) characteristic of online dating sites causes us to take a small haircut to our multiple though. We apply just over a 3x multiple to last year’s revenue, resulting in a $800 million valuation. Research available on Sharespost values the company between $400 and $800 million.
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