Zoosk ended last year with USD200 million in revenue, but at a loss, she said. The company, which was founded in 2007, has 33 million users worldwide, but does not share how many users are paying subscribers, Steckelberg said.
My bet: ZOOSK WILL RUN OUT OF MONEY SOON, IT WILL COLLAPSE.
Sudden drop in traffic rank:
Zoosk Lays Off 15% Of Staff
Zoosk UPDATE. New IPO plan.
Zoosk to run out of money soon? Zoosk IPO delayed?
Big Losses from Zoosk Q1 2014 (last year)
NET LOSS: USD 6.7 million Q1 2014!
Revenue: USD 50.12 million during Q1 2014 (USA USD 26.71 million, International USD 23.40 million)
27 million registered members
Working capital (deficit) of USD 33.5 million!
Total accumulated deficit of USD 102.28 million.
721,000 subscribers / 27 million registered members == 2.7% conversion rate.
(Profitable sites operate with a 5% conversion rate)