Bankrate is a publisher, aggregator, and distributor of personal finance content on the Internet. The Company provides consumers with proprietary, fully researched, comprehensive, independent and objective personal finance editorial content across multiple vertical categories including mortgages, deposits, insurance, credit cards, and other categories, such as retirement, automobile loans, and taxes.

Type
Public
HQ
New York, US
Founded
1976
Size (employees)
600 (est)+17%
Bankrate was founded in 1976 and is headquartered in New York, US
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Key People/Management at Bankrate

Scott Kim

Scott Kim

CEO
Ken Stelzer

Ken Stelzer

CFO
Simon Mosk-Aoyama

Simon Mosk-Aoyama

COO
Shane Blain

Shane Blain

CBOO
Michael Amsel

Michael Amsel

SVP, Marketing
Sanam Qureshi

Sanam Qureshi

Human Resources Business Partner
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Bankrate Office Locations

Bankrate has offices in Detroit, San Francisco, Pasadena, Austin and in 2 other locations
New York, US (HQ)
1675 Broadway
Austin, US
9430 Research Blvd Bldg 4
Boise, US
1020 Main Street Suite 270
Detroit, US
400 1274 Library St
Pasadena, US
87 N. Raymond Ave.
San Francisco, US
07 2 Embarcadero Center
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Bankrate Financials and Metrics

Bankrate Financials

Bankrate's revenue was reported to be $434.16 m in FY, 2016 which is a 17.2% increase from the previous period.
USD

Revenue (Q2, 2017)

115.9 m

Gross profit (Q2, 2017)

51.5 m

Gross profit margin (Q2, 2017), %

44.4%

Net income (Q2, 2017)

(23.3 m)

EBIT (Q2, 2017)

(25.7 m)

Market capitalization (9-Nov-2017)

1.2 b

Cash (30-Jun-2017)

188.6 m

EV

1.4 b
Bankrate's current market capitalization is $1.2 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

457.4 m544.9 m370.5 m434.2 m

Revenue growth, %

19%(32%)17%

Cost of goods sold

151.1 m85.5 m171.8 m227.5 m

Gross profit

306.4 m459.4 m198.7 m206.6 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

141.5 m132.9 m140.8 m93.3 m98.3 m128.8 m118.7 m115.9 m

Cost of goods sold

78.7 m74.7 m74.7 m47.2 m52.6 m64.5 m63.2 m64.4 m

Gross profit

62.8 m58.2 m66 m46.1 m45.7 m64.3 m55.5 m51.5 m

Gross profit Margin, %

44%44%47%49%46%50%47%44%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

229.7 m141.7 m236.9 m176.7 m

Accounts Receivable

61.9 m70.9 m56.1 m52.2 m

Prepaid Expenses

13.6 m35.7 m27.7 m42 m

Current Assets

315.9 m256.3 m321.8 m270.9 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

154.6 m138.5 m144.6 m204.4 m122 m135.8 m183.3 m188.6 m

Accounts Receivable

79.8 m87.3 m75.9 m55 m59.1 m71 m50.7 m66.7 m

Prepaid Expenses

17.6 m16.4 m28.3 m25 m33.6 m23.4 m45.2 m38 m

Current Assets

260 m250.1 m256.4 m285.4 m214.6 m230.3 m279.1 m293.4 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(10 m)6.1 m(13.3 m)(34.1 m)

Depreciation and Amortization

56.2 m58.6 m65.9 m42.2 m

Accounts Payable

(1.6 m)(317 k)1.4 m(1.2 m)
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

(5.3 m)575 k(17.5 m)283 k(41 m)10.7 m(5.2 m)(28.5 m)

Depreciation and Amortization

15.7 m31.6 m47.7 m9.6 m20.7 m31.6 m10.5 m21.4 m

Accounts Payable

8.7 m4.2 m5.7 m1.4 m(7 m)(1.3 m)3.1 m(1.9 m)

Cash From Operating Activities

24.7 m44.5 m67.2 m(8.8 m)17.7 m37.2 m18.3 m26.8 m
USDY, 2017

EV/EBIT

-52.5 x

EV/CFO

50.4 x

Revenue/Employee

193.2 k

Financial Leverage

1.6 x
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Bankrate Operating Metrics

Q1, 2014Q2, 2014Q3, 2014Q4, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017

Credit Cards Consumer Inquiries

2.60 m2.50 m2.50 m2.80 m10.30 m2.70 m2.90 m3.30 m3.60 m12.50 m3 m3.50 m4.40 m4.20 m15 m4.10 m

Mortgage and Savings Consumer Inquiries

1.70 m1.70 m1.70 m1.60 m6.60 m1.70 m1.60 m1.70 m1.50 m6.60 m1.80 m1.80 m2.10 m2.10 m8 m2.50 m

Senior Care Consumer Inquiries

11.90 m19 m18.80 m49.70 m24 m26.80 m25.80 m22.70 m99.30 m33.10 m26 m28.60 m22.60 m110.30 m33.50 m
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Bankrate Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Bankrate Information Consulting (Beijing) Co
Caring
CreditCards.com
Freedom Marketing Limited
LinkOffers
Quizzle
Rate Holding
Wallaby Financial Inc.
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Bankrate News and Updates

Red Ventures to buy Bankrate for $1.24 billion: Reuters

Bankrate (RATE.N), an online publisher of personal finance content, said on Monday it would be acquired by digital marketing company Red Ventures for $1.24 billion.

Financial publishing giant Bankrate selling to Red Ventures for $1.24 billion

In a move that could shake up the financial services industry, Bankrate announced earlier this week that it agreed to be acquired by Red Ventures, which bills itself as a “digital consumer choice platform,” in a deal that values Bankrate at $1.4 billion. Under the terms of the agreement, Bankrate sh…

Red Ventures Buys Online Publisher Bankrate for $1.24 Billion

Bankrate's shares rose 7% on the news.

Apax sells stake in GardaWorld to Rhône Capital and Stephan Crétier

Apax Partners LLP has sold its stake in GardaWorld, a security services provider. The buyers are Rhône Capital, Stephan Crétier, founder, chairman and CEO of GardaWorld and certain members of GardaWorld's management. No financial terms were disclosed.
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