Bigo Technology Pte. Ltd.
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Bigo Technology Pte. Ltd. - overview
Established
2014
Location
Singapore, -, Singapore
Primary Industry
Internet
About
Bigo Technology Pte. Ltd. specializes in interactive streaming technology, offering platforms for live broadcasting, gaming, and social interaction, primarily through its flagship product, BIGO LIVE. Bigo Technology Pte.
Ltd. operates in the live streaming and social interaction sector, providing an innovative platform for content creators and users. Founded in 2014 in Singapore, the company has engaged in six significant deals, with the latest being a TRADE SALE in March 2019, in which YY acquired a 68. 3% stake for USD 1450 mn.
The company was established by a team including Aaliyah Fortune and Bram Harsa, among others. Key Ikeyda serves as the CEO, responsible for steering the company towards its strategic goals. BIGO LIVE offers a platform primarily centered around live streaming, gaming, and social interaction. The core product allows users to broadcast live video content, engage in real-time with viewers through chat functionalities, and participate in live games.
This interactive platform caters to a diverse audience, including content creators, gamers, and general users looking for social engagement. Released in 2016, BIGO LIVE has expanded its reach to various geographical markets, including Southeast Asia, the Middle East, and parts of Europe and North America, while serving millions of users for entertainment and content creation. In the most recent year, 2023, Bigo Technology Pte. Ltd.
reported a revenue of USD 1. 77 bn with an EBITDA of USD 279. 60 mn. The company generates revenue through various transaction structures, including in-app purchases, subscriptions, and collaborations with content creators and brands, ensuring sustained financial inflow from a diverse client base.
Bigo Technology Pte. Ltd. is focusing on expanding its product offerings and geographical presence. The company is exploring new features and enhancements to its platforms, with plans for launches in 2024.
It aims to penetrate new markets in Africa and South America by the end of 2025. The recent TRADE SALE of USD 1450 mn will be utilized to support these initiatives, driving the company's strategic growth and enabling further investment in technology and market expansion.
Current Investors
Huanju Group, 5Y Capital, Gaorong Ventures
Primary Industry
Internet
Sub Industries
Social Networking & Communication Platform, Gaming, Music & Video Streaming Software
Website
www.bigo.tv
Verticals
Mobile Apps, Social Media
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Bigo Technology Pte. Ltd. - timeline of key events
Bigo Technology Pte. Ltd. - financials
| Fiscal Year Ended | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 51,566 | 28,908,271 | 153,221,091 | 538,240,215 | 557,042,341 | 1,449,107,944 | 2,069,190,124 | - | - | - |
| % Revenue Growth (YoY) | - | 55960.7% | 430.0% | 251.3% | 3.5% | 160.1% | 42.8% | - | - | - |
| EBITDA (USD) | (798,969) | (26,299,379) | (24,924,050) | (27,287,456) | (121,726,824) | 75,629,916 | 327,107,017 | - | - | - |
| Operating Income (USD) | (993,969) | (28,427,400) | (29,763,069) | (37,554,164) | (144,455,944) | 29,937,077 | 260,276,257 | - | - | - |
| Operating Margin | (1927.6%) | (98.3%) | (19.4%) | (7.0%) | (25.9%) | 2.1% | 12.6% | - | - | - |
| % EBITDA Margin | (1549.4%) | (91.0%) | (16.3%) | (5.1%) | (21.9%) | 5.2% | 15.8% | - | - | - |
| NET Income (USD) | (963,441) | (28,036,263) | (29,551,223) | (39,682,340) | (147,598,122) | 25,620,663 | 258,654,198 | - | - | - |
| % Net Margin | (1868.4%) | (97.0%) | (19.3%) | (7.4%) | (26.5%) | 1.8% | 12.5% | - | - | - |
Bigo Technology Pte. Ltd. - employee data
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