Wycliffe: DealFlicks did $418K gross and $55K net revenue in July
Sean Wycliffe · EP 454: $6.9M Movie Tickets Sold In Discount Marketplace DealFlicks with CEO Sean Wycliffe · Oct 21, 2016 · at 11:29
Sean Wycliffe, CEO of movie ticketing platform DealFlicks, breaks down monthly unit economics and operating costs.
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“So actually we in July, we crossed over 418,000 for our revenue and then, yeah. you know, we paid our theaters, we paid them and then our kind of gross profit net revenue is 55,000. And then, you know, we have a host of other expenses. So it really split between team and marketing. That's kind of the big ones. You know, each of those were about 35,000, you know, somewhere in that ballpark, 35. And Sean, 40,000 for the month.”
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“The way that we're doing it, we're actually paying four dollars per affiliate transaction, which is more than we make. So we might make, let's say two bucks on average, but we're paying them for, so we lose every time that happens. But the thinking is, A custo…”
DealFlicks CEO predicts long-term customer LTV can reach $50
“Right now it's about 24 dollars. I think in the long run, we could probably get it up to maybe about 50 dollars.”
DealFlicks reaches roughly $370,000 per month in top-line revenue
“We just passed over about 350,000 ish 370,000 ish per month.”
DealFlicks sells roughly 70,000 tickets and 70,000 concessions monthly
“About 70,000 tickets per month, and then there's another 70,000 concession. Ish, so. So yeah. So yeah. And then those 70,000 tickets translated, you know, to about 370,000 in, in top line revenue.”
DealFlicks operates across roughly 800 theaters and over 6,000 screens
“We have about roughly around, around 800 theaters on the platform. And we have also about 6000, a little over 6000 screens on the platform.”
DealFlicks has over 500,000 registered users and ~125K-155K paying customers
“In terms of users, we have a little over 500,000 users now. And in terms of ones that have made purchases you know, cause sometimes we'll get users that sign up from Europe or something like that. So in terms of ones that have made purchases, it's about one fo…”