Summary

  • In recent months, YouTuber Jimmy Donaldson, aka MrBeast, has been talking to investors to raise 5bn.
  • An investor pitch deck, obtained by Bloomberg, shows Feastables, the chocolate brand of Beast Industries, matched the video revenue in 2024 and is set to exceed it this year.
  • The two main divisions of the company, Content and Commerce, made about $250m revenue each in 2024, with the Commerce division seeing an increase of 160% in sales, whilst the Content division is losing money.
  • Beast Industries has around 500 employees, has never made a profit, and has lost $200m over the past few years.
  • Investors are buying tens of millions of shares from employees and existing shareholders to allow them to cash out some of their stakes.
  • Looking forward, the company is planning to launch a snacks brand, a beverages range, a cereal brand, and a mobile gaming division, with an IPO planned in two to three years.
  • Overall, Beast Industries is expecting to make at least 1.6bn in 2026.

By Alex Heath

Original Article