Skype is on its way to going public, and may entice more investors with an updated S-1 filing that provides full-year numbers for 2010. Among other things, Skype increased revenues to $860 million and grew its total user base to 663 million users.


Voice and video chat provider Skype is on its way to going public, and can finally control its own destiny after years of being a part of eBay. And while the Wall Street Journal reported earlier this year that Skype likely wouldn’t go public until the second half of this year, the company provided a more detailed explanation of its business to potential investors in an amended S-1 filing submitted to the Securities and Exchange Commission late Friday.

Some key metrics from the filing:

  • Skype grew its registered user base from 474 million to 663 million in 2010.
  • Average monthly connected users grew 38 percent from 2009 to 2010, from 105 million to 145 million.
  • Average monthly paying users increased 19 percent over that time, from 7.3 million to 8.8 million.
  • In 2010, Skype generated $860 million in net revenues, up 20 percent from a year before.
  • 86 percent of all Skype revenues come from the company’s SkypeOut landline calling business.
  • Skype’s adjusted EBITDA increased by 43 percent to $264 million during the year.
  • The company’s net loss shrunk from $418 million on a pro forma basis in 2009 to a net loss of $7 million last year. (2009 financials include a $344 million charge in connection with Skype’s acquisition of the Joltid intellectual property.)
  • Skype’s shareholders incurred $806.7 million of indebtedness to finance its acquisition from eBay in late 2009.
  • As of December 31, 2010, $724.9 million of that amount was outstanding under an amended Five-Year Credit Agreement.
  • Skype users made accumulated 207 billion minutes of voice and video calls in 2010.
  • Video calls accounted for approximately 42 percent of all Skype-to-Skype minutes in the fourth quarter 2010.
  • Approximately 37 percent of connected users surveyed last year said they use Skype for business-related purposes.
  • Users sent over 176 million SMS text messages through Skype in 2010.
  • Skype invested $32 million in capex in 2010, up from $14 million in 2009.
  • Skype acquired Qik for approximately $121 million in cash, with additional contingent payments worth approximately $29 million.
  • As part of the Qik acquisition, Skype added 63 employees.
  • Skype’s platform is available in 32 languages, and it accepts payments in 15 different currencies around the world.

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