Japanese recipe site Cookpad in overdrive, doubles sales and profits
Posted on June 13th, 2010 by Serkan Toto
In case you didn’t know: Japan is the only country in the world that has a listed recipe site, Cookpad. After going IPO at the “Mothers” section of the Tokyo Stock Exchange last July, its current market cap stands at a staggering $370 million.
Over the weekend, the eponymous company behind the site reported [PDF] some other noteworthy numbers:
- sales doubled to $24.8 million year-on-year
- operating profit grew 2.6x to $11.7 million
- net income grew 2.4x to $6.2 million
- monthly unique visitors: 8.96 million (up 46.4%)
- monthly page views: 424 million (up 39.6%)
Last summer, Cookpad said it expects $18.5 million in revenues and $3.6 million net profit for the fiscal year, but now we know the actual numbers turned out to be much better.
We first blogged about Cookpad back in 2008.
Dr. Serkan Toto is a German based in Tokyo. Like us, he is passionate about introducing Japanese IT to the rest of the world.
Full-time, Serkan works as an independent web industry consultant for hedge funds, venture capital companies and start-ups worldwide. He is also a writer for mega tech blog network TechCrunch, covering Japan-related technology and web trends.
This is Serkan's website.
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