{"id":303018,"date":"2010-02-10T11:55:00","date_gmt":"2010-02-10T16:55:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/netflix-for-videogames-gamefly-files-for-50-million-ipo-2010-2"},"modified":"2010-02-10T11:55:00","modified_gmt":"2010-02-10T16:55:00","slug":"netflix-for-videogames-gamefly-files-for-50-million-ipo-nflx","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/303018","title":{"rendered":"Netflix-For-Videogames Gamefly Files For $50 Million IPO (NFLX)"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/4b72e3940000000000334363-292-219\/gamefly.jpg\" border=\"0\" alt=\"gamefly \" width=\"292\" height=\"219\" \/><\/p>\n<p>Gamefly, a mail-in video game rental service &#8212; think Netflix for videogames &#8212; has <a href=\"http:\/\/sec.gov\/Archives\/edgar\/data\/1475278\/000104746910000665\/a2195773zs-1.htm\">filed for a $50 million IPO<\/a>.<\/p>\n<p>Here&#8217;s the details:<\/p>\n<ul>\n<li>Gamefly has 334,000 subscribers.<\/li>\n<li>It has sales of $46.4 million for the six months ended September 30, up from $38.4 million the year prior. <\/li>\n<li>Net income in the same period was $3 million, down from $5.4 million the year prior. <\/li>\n<li>Operating income was $6 million versus $2.5 million the year before.<\/li>\n<li>For  fiscal year ended March&nbsp;31, 2009, Gamefly generated  $84.7&nbsp;million in revenue.<\/li>\n<li>Gamefly also operates a network of video game sites that draws 4.4 million uniques, most of whom are not subscribers. <\/li>\n<li>Gamefly has penetrated a tiny portion of the video game market (~1%), so it sees room for growth.<\/li>\n<li>Subscriptions to Gamefly start at $15.95 per month. <\/li>\n<li>Money raised from the IPO will go towards towards general corporate purposes.<\/li>\n<li>David Hodess, CEO and President of Gamefly, was paid $390,911 in total compensation for 2009.<\/li>\n<li>Underwriters are Piper Jaffray, Bank of America-Merrill, Cowen and Company, William Blair &amp; Company.<\/li>\n<\/ul>\n<p><strong>See Also:<\/strong> <a href=\"http:\/\/www.businessinsider.com\/heres-the-companies-that-are-ready-to-enter-the-public-markets-2010-1#the-big-kahuna-facebook-1\">15 Companies Ready To IPO Today<\/a><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/netflix-for-videogames-gamefly-files-for-50-million-ipo-2010-2#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/amidst-crashing-markets-debt-ridden-friendfinder-delays-its-ipo-2010-2\">Crashing Markets Delay FriendFinder&#8217;s Porn IPO<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/tesla-files-for-ipo-2010-1\">Tesla Files For $100 Million IPO<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/vringo-has-no-and-only-36000-in-revenue-but-its-filing-for-an-ipo-2010-1\">JOKE OF THE WEEK: Money Pit Vringo Has $36,000 In Revenue And Massive Losses But It&#8217;s Filing For An IPO<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/ahv3XIXAaC0\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gamefly, a mail-in video game rental service &#8212; think Netflix for videogames &#8212; has filed for a $50 million IPO. Here&#8217;s the details: Gamefly has 334,000 subscribers. It has sales of $46.4 million for the six months ended September 30, up from $38.4 million the year prior. Net income in the same period was $3 [&hellip;]<\/p>\n","protected":false},"author":504,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-303018","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/303018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/504"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=303018"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/303018\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=303018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=303018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=303018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}