technology
Bending Spoons Lists on Nasdaq at $25 Billion Market Cap
The Milan-based company completed its public listing this week. Its market capitalization reached above $25 billion before settling at roughly double its prior $11 billion private valuation.
Audio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
Bending Spoons began trading on the Nasdaq this week. The Milan-based company briefly reached a market capitalization above $25 billion before shares eased, leaving the valuation at approximately twice the $11 billion figure recorded in its last private round.
The firm owns digital services including AOL, Vimeo, Meetup, Eventbrite, and WeTransfer. Its portfolio recorded more than 500 million monthly active users and over 9 million monthly paying customers as of March 2026, according to its regulatory filing.
Spoons purchases established products and applies changes to pricing, features, and staffing. It states that it retains every acquired business rather than reselling them. After the Vimeo transaction closed in the second half of 2025, the company reduced headcount across most roles, including the entire video team.
Similar staff reductions followed the acquisitions of Evernote, WeTransfer, and Filmic.
Revenue reached $1.31 billion in 2025.
Revenue per full-time equivalent core employee rose from $1.12 million in 2023 to $2.57 million in 2025, and stood at $0.97 million in the first quarter of 2026. The company added 1,830 full-time positions through the purchases of AOL, Eventbrite, and Vimeo, then reduced staffing.
It projects that only a few hundred of those roles will remain once integration work finishes later in 2026. Four co-founders continue to hold more than 80 percent of voting control after the listing. The core team of 620 employees, referred to internally as Spooners, received 286 new hires in 2025 from roughly 800,000 applications.
