StumbleUpon Becomes Profitable Venture in Mobile Era

Sep 19 2013, 5:59am CDT | by , in News | Technology News

The Mobile Era Makes StumbleUpon a Profitable Venture

Newcomers on the scene such as Facebook are way ahead of StumbleUpon which has been here for a decade. Yet the mobile era which is in vogue may make StumbleUpon a profitable venture soon.

The bookmarking setup named StumbleUpon is carrying on in the usual game of survival. But now it just might be on to something. At least, that is what its sales figures show. A growth surplus from the previous year by 33% has made StumbleUpon a force to be reckoned with. The annual revenue currently hovers between $35 million and $40 million. 

Expectations from the company of entering the mobile market are high indeed. About 40% of StumbleUpon’s functions occur on mobile devices. This is a leap of 20% since the year 2012. The company is looking into ways of browsing rather than merely searching for information. 

StumbleUpon is a unique online firm. The company’s website does not need textual input. You merely have to click a series of buttons in order to gain access to brand new content. Its name explains it all. You literally “stumble upon” all sorts of serendipitous information via this wonderful tool of modern times. 

A plethora of advertisers (at least 100,000 in number) use the platform on a daily basis. From Comedy Central to Elle and from Harper’s Bazaar to Levi’s, they all help StumbleUpon do its own thing in an even better way.  Lovers of novelty and excitingly fresh content will find StumbleUpon the ideal instrument to employ attaining their goals.

Source: Bloomberg

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