Paddle8 Had $17m in H1 2014 Revenue

Alexander Gilkes and Aditya Julka tell us that Paddle8 had strong revenue this year on 325 auctions and counting. Here’s how the numbers staked up:

• Top-line revenues for the first half of 2014: $17 million
• 3x increase in revenues from the same period in 2013
• 4x increase in bidding activity from the same period in 2013
• 325+ auctions to date

That said, Paddle8 provides no indication that any of the revenue actually flowed to the company itself. Remember that the bulk of the firm’s business is in charity auctions.