Thursday May 23, 2019

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As Thrillist’s Revenue Rockets, CEO Considers an IPO?

English: Thrillist's logo

Image via Wikipedia

In one year Thrillist’s revenues have risen from about $10 – $15 million to more than $30 million this year. CEO Ben Lerer expects his site will have revenues of $100 million by this time next year, all while positioning itself to “potentially” file for an IPO.

The revenue spurt comes from Thrillist Rewards, its local deals business, and its 2010 acquisition of JackThreads, which sells discounted trendy men’s clothing. Lerer told Business Insider that JackThreads now creates more in one day than it did in an entire month in 2010.

Thrillist also just launched an mobile app for JackThreads. “It has already reached 100,000 downloads and 20 percent of JackThreads’ revenue is being generated via mobile,” Lerer told Business Insider.

Business Insider

Business Insider