The Ledger
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Sam Parr: Sweat app sold to iFit for $400M on $100M revenue
“Yeah, for four hundred million dollars, they sold to this company called iFit, which is about to go public. They said they're doing a hundred million in revenue.”
Sean Puri: A 4x revenue multiple is unusually low for digital products
“And that's pretty weird that a hundred million, if you're doing a hundred million in revenue, you know, you sold for only four hundred million. So it's a pretty low multiple for like a digital product, but probably spending a ton on, on marketing.”