- Tinybeans (TNY) has today announced its end of year review and an outlook update for 2020
- In 2019, Tinybeans’ advertising revenue was doubled from the previous year to around $3.5 million and the company also closed its 100th brand partnership deal
- In 2020, Tinybeans will continue to grow its user base and upgrade its sales capability and capacity to strengthen the brand
- Tinybeans’ share price is up a slight 1.29 per cent, with shares trading for $2.35 apiece
Tinybeans (TNY) has today announced its end of year review and an outlook update for 2020.
According to CEO Eddie Geller, 2019 has been the biggest year to date for Tinybeans with the company not only growing in all key metrics but also cementing itself in the parent and family ecosystem.
By leveraging the early bet made in privacy this sets up Tinybeans for sustainable growth and long term success.
In 2019 Tinybeans doubled its advertising revenue from calendar year 2018 to 2019 to around $3.5 million and the company also passed 3.6 million registered users and 1.36 million monthly active users.
2019 also saw Tinybeans close its 100th brand partnership deal and cementing partnerships with big brands such as Lego, Spin Master, Macmillan Kids and Haven Life.
The company then launched a new content platform, insight offerings, ecommerce, polls and many other features that will be built upon in 2020.
Its app also featured as Apple’s ‘App of the Day’ for October in the U.S. and more than 100 other countries.
Tinybeans’ platform operates a family-orientated social media platform for photo albums.
The platform connects parents with the most trusted digital tools and resources on the planet to enjoy their children’s life stories.
2020 will see Tinybeans continue to grow registered and active users as the product growth team gets built out.
Next year will also see the company upgrade its sales capability and capacity to strengthen the the company and build long term sustainable growth across advertising.
Tinybeans will also use 2020 to expand the value proposition for families as it offers more value around needs such as commerce and content.
Tinybeans’ share price is up a slight 1.29 per cent, with shares trading for $2.35 apiece at 1:35 pm AEDT.