Sources: FactSet, Tullett PrebonĬommodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Sources: FactSet, Tullett PrebonĬurrencies: Currency quotes are updated in real-time. Sources: FactSet, Dow Jonesīonds: Bond quotes are updated in real-time. Sources: FactSet, Dow JonesĮTF Movers: Includes ETFs & ETNs with volume of at least 50,000. Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Overview page represent trading in all U.S. Indexes: Index quotes may be real-time or delayed as per exchange requirements refer to time stamps for information on any delays. Copyright © FactSet Research Systems Inc. Fundamental company data and analyst estimates provided by FactSet. International stock quotes are delayed as per exchange requirements. stock quotes reflect trades reported through Nasdaq only comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. A new holding company will be created following the offering which will combine the ownership from public investors, private investors such as Silver Lake Partners and Andreessen Horowitz, and employees.Stocks: Real-time U.S. The company is based in Luxemborg and is offering American depository shares. We believe this represents a meaningful opportunity to increase our revenue from alternative monetization models, including advertising, gaming and virtual gifts. Our users made over 152 billion minutes of Skype-to-Skype calls in the twelve months ended June 30, 2010. According to the filing, part of Skype’s strategy will be to:ĭevelop new monetization models, including advertising. Skype also plans on adding advertising revenues and enterprise products (37 percent of users surveyed say they use Skype for business purposes). Getting more people to buy Skype-Out minutes will obviously not be sufficient. Skype’s strategy is to keep growing its overall number of users and convert more of them to paying customers. Those users, however, pay an average of $96 a year. Skype users also sent 84 million SMS text messages through Skype during the period.Īs of June 30, Skype was averaging 124 million users a month, with only 8.1 million of those paying users (out of a total of 560 million registered users). The filing also reveals that Skype “users made 95 billion minutes of voice and video calls” during the first half of 2010, with a full 40 percent of those minutes being video. One interesting tidbit from the filing is that Skype had to pay $344 million to settle with the Skype founders for the Joltid peer-to-peer technology that at one point threatened to hold up the spin-off of Skype from eBay. (Click on the financial results table below to enlarge): These numbers reflect pro forma adjustments to Skype’s historical financial statements. The company currently has $85 million in cash. Adjusted EBITDA for the first half of 2010 was $115.7 million, up 54 percent from a year ago. On the IPO road show, Skype will no doubt point to its adjusted EBITDA (earnings before income taxes and depreciation) numbers, which conveniently strip out things like goodwill, stock-based compensation and litigation expenses. However, its gross margins are 51 percent, and have been expanding steadily as the company benefits from the scale of is operations and is able to negotiate lower telephone termination fees around the world. Its income from operations was only $1.4 million for the six months. That is only a 3 percent net margin, and this isn’t exactly a new business. But a big portion of that was from interest income. The maximum proposed offering amount is listed as $100 million, but that is just a placeholder amount.Īccording to the filing, Skype’s revenues for the first six months of 2010 were $406 million, with a net income of only $13 million. Preparing for an eventual public offering, Skype has now filed an IPO registration statement with the SEC.
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