Epstein Secrets

rs ended December 31, 2012 and 2013 Revenue Years ended December 31, % change 2012 2013 Direct Revenue: (dollars In thousands, except ARPPU) North America $ 454,996 493,729 8.5% International 233,531 260.340 11.5% Total Direct Revenue 688,527 754.069 9.5% Indirect Revenue 24.922 34.128 3

a lower percentage of users become paid members. ARPPU decreased due to mix shifts to lower rate brands as well as a decline in mix-adjusted rates. International Direct Revenue grew by $26.8 million, or 11.5%. in 2013 versus 2012. driven by 16.6% growth in Average PMC. partially offset by a 4.1% decline in ARPPU. Average PM

Years ended December 31, 2013 2014 % change (dollars in thousands, except ARPPU) Direct Revenue: North America $ 493,729 $ 525.928 6.5% International 260,340 273599 5.1% Total Direct Revenue 754,069 799,527 6 0% Indirect Revenue 34,128 36.931

wer percentage of new users become paid members. ARPPU decreased due to mix shifts to lower rate brands as well as a decline in mix-adjusted rates. International Direct Revenue grew by $13.3 million, or 5.1%, in 2014 versus 2013, driven by 7.5% growth in Average PMC, partially offset by a 2.3% decline in ARPPU. Average PMC

s ended September 30, 2015. Direct Revenue North Amerce international Total Direct Revenue Indirect Revenue Total Dating Revenue Average PMC. North America International Total ARPPU North America freernational Total Three months ended Mr 31, Jun 30, Sep 30, Dec 31, Mar 31, Jun 30, Sop 30, Dec 31,

monetizing brands. In the three months ended March 31. 2015. June 30. 2015 and September 30. 2015. foreign exchange movements meaningfully affected International Direct Revenue and total Direct Revenue growth. But for the significant effects of foreign exchange. International Direct Revenue and total Direct Dating Revenue i