Photobucket; Recognized as a Goldmine
By jason - up to 2007 (archived) • Mar 29th, 2007 • Category: News for Creatives (archives)Tech Crunch inform us:
“Basically, Photobucket is kicking butt. So the question is, how much are they worth?
$300 – $400 million or more, says Lehman Brothers, the investment bank they’ve hired to explore a sale of the company, in private talks with potential buyers.
Included in the documents distributed to buyers is a revenue breakdown of the company by year. In 2005, Photobucket revenue was $4.35 million, growing to $9.34 million in 2006 and on pace to hit over $32 million this year. Last year, advertising accounted for 68% of revenue. This year, they estimate it will grow to 79%. “
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