Skype grows FY revenues 20%, reaches 663 mln users

News Broadband Global 8 MRT 2011
Skype grows FY revenues 20%, reaches 663 mln users
Skype has updated its IPO prospectus with its results for 2010. The SEC filing shows the VoIP provider finished 2010 with 663 million registered users, up from 474 million a year earlier. The average number of users connected each month was 145 million in the fourth quarter of 2010, versus 105 million a year earlier, while paying customers rose over the same period to an average 8.8 million per month, from 7.3 million. Skype billed a total 12.8 billion minutes last year, up from 10.7 billion in 2009, while free Skype-to-Skype minutes rose to 194.3 billion from 113.0 billion. Average revenue per paying customer was USD 97 in 2010, down from USD 98 in 2009 and USD 102 in 2008. Total revenues for the company reached USD 859.8 million in 2010, up from USD 718.9 million in 2009, and the company generated an operating profit of USD 20.6 million versus a loss of USD 352.2 million in the previous year. The net loss narrowed to USD 6.9 million in 2010, from USD 417.5 million in 2009. In the most recent quarter, Skype generated a net profit of USD 7.6 million on revenues of USD 237 million. Skype finished the year with cash of USD 142.5 million. Its acquisition of Qik in January cost USD 121 million, plus an optional payment of USD 29 million, which was financed from cash and credit agreements.

Categories:

Internet

Companies:

Qik,  Skype

Regions:

Global

Tags:

Unified communications, Financial figures

Related Articles

GLOBAL 22 AUG 2011

Skype buys mobile group messaging services provider GroupMe

Skype has entered into a definitive agreement to acquire mobile group messaging services provider GroupMe. Set up in 2010, GroupMe is headquartered in New York. Financial terms of the acquisition have not been disclosed. However, according to All Things Digital, citing people familiar with the transaction, Skype will pay around USD 85 million for GroupMe. Via the GroupMe acquisition, Skype complements its voice and video communications services offering with text-based communications and features designed t

GLOBAL 10 MEI 2011

Microsoft confirms Skype acquisition for USD 8.5 billion

Microsoft has confirmed an agreement to buy Skype for USD 8.5 billion in cash from the investor group led by Silver Lake. Microsoft will add Skype to its consumer devices like Xbox and Kinect, the Windows Phone platform and communications products such as Lync and Outlook. The company said it will also continue to invest in and support Skype clients on non-Microsoft platforms. Skype will become a new business division within Microsoft, and Skype CEO Tony Bates will assume the title of president of the Micro

GLOBAL 5 MEI 2011

Facebook, Google mull Skype tie-ups - report

Facebook and Google are separately considering a tie-up with Skype after the company delayed its initial public offering, two sources with direct knowledge of the discussions told Reuters. Facebook Chief Executive Mark Zuckerberg has been involved in internal discussions about buying Skype, according to one of the sources. Another source said Facebook had reached out to the company about forming a joint venture. Google has also held early talks for a joint venture with Skype, the second source said. A Skype

GLOBAL 8 MRT 2011

Skype to add advertising to home tab

Skype is adding advertising to its software as a new source of revenue for the company. Ads will start appearing in the "Home" tab of Skype for Windows starting this week. The company has partnered with Meebo in the US, Ad2One in the UK, and Stroer Interactive in Germany to sell advertising for Skype in each of their respective markets. The first advertisers to sign up with Skype include Groupon, Nokia, Universal Pictures and Visa. The display ads on Skype's Home tab can include audio and video, a click-to-

GLOBAL 3 MRT 2011

Skype creates Emerging Opportunities division

Skype has created a new division, called Emerging Opportunities. The new unit will be responsible for Skype's partnerships in the consumer electronics space and with silicon chip manufacturers. The team will also continue Skype's relationships with TV manufacturers, including Panasonic, Samsung and Sony, as well as take on a number of incubation projects. Skype has appointed Jonathan Christensen as vice-president to head the Emerging Opportunities division.

GLOBAL 2 MRT 2011

Skype, Citrix partner on web, audio conferencing features

Skype has partnered with application delivery infrastructure specialist Citrix Systems at Enterprise Connect 2011 in Orlando, Florida. The partnership will enable Skype to offer web and audio conferencing features enabled with GoToMeeting technology from Citrix. It will also enable to expand Skype's business offerings by providing collaboration features for businesses to set up and hold meetings. Based on Citrix's GoToMeeting product, Skype's web conferencing and audio features are expected to become availa

GLOBAL 25 FEB 2011

Skype avoids mobile data ban with new Skype To Go service

Skype has introduced a new way to take advantage of its VoIP service without the need to access a PC or mobile data connection. The new Skype To Go service provides customers with an alternative number for contacts, so they can make low-cost calls from their mobile or fixed line using their Skype credit. Users need to enter the contact's number on Skype's website and they then receive a local number to use for calling that contact. No extra fee is charged for Skype to Go for customers with Skype prepaid cre

GLOBAL 14 FEB 2011

Skype launches Wi-Fi hotspot operator partnership programme

Skype, via its Skype Access internet access feature, has officially launched a partner programme for Wi-Fi hotspot operators. Wi-Fi hotspot providers worldwide can now provide internet access for consumer and business users on-the-go using Skype. Skype users can connect to the internet through a Wi-Fi operator partner in over 500,000 hotspots worldwide including 500 airports, 30,000 hotels and numerous cafes, trains, planes, offices buildings, and convention centres. Via the Skype Access partnership program

GLOBAL 27 JAN 2011

Skype delays IPO to H2 - report

Skype is delaying its IPO to the second half of this year, people familiar with the matter told the Wall Street Journal. The company's recent hiring of a new chief executive and uncertainties in the IPO market and economy have slowed the offering process, according to the paper's sources. The earliest Skype would go public is July, one person said. Skype filed for an IPO last August, and CEO Tony Bates was named in October. The company is expected to raise up to USD 1 billion in the share offering.

GLOBAL 11 JAN 2011

Skype needs more paid services

Skype is generating the expected noise ahead of its IPO, with a number of reports both positive and negative. Its prospectus is already a half-year old, and the IPO should be expected sometime in 2011. However, uncertainty over its business model is still generating headaches: the number of users continues to grow strongly, but the proportion of paying customers remains tiny. Mid-2010 Skype had 560 million users, of which we estimate around 90 million could be considered active. Of those, 8 million were pay

GLOBAL 7 JAN 2011

Skype buys mobile video specialist Qik

Skype has agreed to acquire Qik to expand its range of mobile video services. Qik provides mobile video software and services that help mobile users capture and save videos as well as share the content as video messages. Qik has 60 employees, and is headquartered in Redwood City, California and has an office in Moscow, Russia. The transaction is expected to close in January. Terms of the acquisition will not be disclosed. The Qik service is available on over 200 mobile phones across the Android, iPhone, Sy

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.