Match Group, the company behind popular dating apps like Match and Tinder, filed to go public last week. The filings show Match generated $US888.3 million in revenue last year, and $US483.8 million in the first six months of this year.
Although the company is growing, a look at the company’s financials show that Match heavily relies on a single source of revenue for its entire business: membership fees and other paid features.
As seen in the chart below put together by Statista, Match Group made $US415.3 million of its $US483.8 million first-half revenue from membership fees and other paid features. That’s over 85% of its total revenue. It was worse in the previous year: $US799.5 millioin, or 90%, of the total $US799.5 million revenue came from membership fees and other paid features.
The rest of the revenue comes from advertising and non-dating revenue, which includes educational services such as the Princeton Review.
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