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Tagged Announces Record 2010 Results

Companies mentioned in this article: Tagged

SAN FRANCISCO, CA -- (Marketwire) -- 01/31/11 -- Tagged, the world's leader in social discovery, today announced its 2010 fiscal performance. Record business results include surpassing 100 million registered users and over $32 million in revenue.

In addition to its significant growth in 2010, Tagged launched numerous improvements to its online and mobile offerings, and expanded its international leadership in social discovery. The company was also recognized on the Inc. 500 list of Fastest Growing Private Companies, on Deloitte's 2010 Technology Fast 500 list, on San Francisco Business Times' 2010 "Fast 100," and on AlwaysOn's OnHollywood Top 100 List.

Tagged Topline 2010 Results:

  • Grew registered users to over 100 million
  • Total Revenue over $32 million
  • Virtual currency revenue up 71% over 2009
  • Subscription revenue up 50% over 2009
  • Third consecutive year of profitability
  • Over 100 million new friend connections made each month
  • Available in 220 countries and 18 languages

"I owe an incredible 2010 to a talented team, our dedication to trying new things, and, most importantly, listening to our members to help create the best environment for social discovery," said Tagged's CEO Greg Tseng. "Our 2011 roadmap is aggressive and we'll be expanding quickly to execute on every part of it."

About Tagged
Tagged is an industry-leading social network focused on social discovery. Tagged is a place to meet new people. The site enables anyone to meet and socialize with new people through social games, customized profiles, virtual gifts, advanced browsing features and more. Tagged is based in San Francisco. More information is available at http://about-tagged.com/.


Contact:

Contact:
Peter Evers
Natron Communications for Tagged
(415) 888-3314
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