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Founded Year

1998

Stage

Merger | Merged

Total Raised

$6M

About Paltalk

Paltalk is a provider of real-time, rich media, interactive social networking applications with registered users around the world.

Headquarters Location

8300 N Broadway

Jericho, New York, 11753,

United States

212-520-7000

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Paltalk Patents

Paltalk has filed 21 patents.

The 3 most popular patent topics include:

  • Calling features
  • Telephone numbers
  • Telephone service enhanced features
patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/11/2018

3/2/2021

Telephony signals, Videotelephony, Telephone service enhanced features, Telephone numbers, Calling features

Grant

Application Date

12/11/2018

Grant Date

3/2/2021

Title

Related Topics

Telephony signals, Videotelephony, Telephone service enhanced features, Telephone numbers, Calling features

Status

Grant

Latest Paltalk News

Paltalk Inc Q2 Summary – 12% Revenue Growth

Aug 11, 2023

Paltalk Inc Q2 Summary – 12% Revenue Growth 11th August 2023 Paltalk Inc, the parent company of video chat platforms, ManyCam, Camfrog, Tinychat, and Paltalk, has released its Q2 financial results. The company saw revenue increase by 12%, rising to $3 million. This positive growth came as a result of an over 12% increase in subscription revenues. A 15% decline in advertising revenue over Q2 didn’t affect things too dramatically. Overall as half of 2023 came to a close in June, Paltalk Inc reported having $13.7 million in cash and no long-term debt on its books. The company shared its short-term business objectives, which include integrating the ManyCam product into the Paltalk platform through upselling initiatives. It is also looking to upgrade its video chat features with card and board game options. The company remains on the lookout for new opportunities, including potential mergers or acquisitions of organisations that are synergistic with its current offerings. Jason Katz, Chairman and CEO of Paltalk, commented, “We are very pleased with our return to revenue growth and profitability in the second quarter. All of our attention and efforts to optimize our platforms and streamline our costs have paid off and improved our foundation. “Our infrastructure is capable of supporting additional business, so if we continue to expand revenue, we are confident that it would result in increased profitability. We believe that this business scalability, along with the $13.7 million in cash on our balance sheet at quarter’s end, puts us in an excellent position”, Katz continued.

Paltalk Frequently Asked Questions (FAQ)

  • When was Paltalk founded?

    Paltalk was founded in 1998.

  • Where is Paltalk's headquarters?

    Paltalk's headquarters is located at 8300 N Broadway, Jericho.

  • What is Paltalk's latest funding round?

    Paltalk's latest funding round is Merger.

  • How much did Paltalk raise?

    Paltalk raised a total of $6M.

  • Who are the investors of Paltalk?

    Investors of Paltalk include PeerStream and Softbank Capital.

  • Who are Paltalk's competitors?

    Competitors of Paltalk include Glide Talk.

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  • Stalk the smart money
  • Identify tomorrow's challengers
  • Spot growing industries
  • Kill analyst data work
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