PR NEWSWIRE – Nov 6 – Snap Interactive, the parent company of AYI.com announced the following financial and operating results. Q3 revenue increased by 16.5% to $3.5M. Net loss was $218K, an improvement of $1.5M YOY. AYI has held the #1 or #2 spot in the U.S. Lifestyle Category in the Apple iTunes App Store since August 2014.
See full article at PR Newswire
WEBWIRE – Nov 11 – The voting for the iDate Awards is now open and ends on January 2, 2015. The winners will be announced at the iDate Awards ceremony on January 21st in Las Vegas during the Internet dating conference. The finalists are listed here.
PRESS RELEASE – Nov 6 – Total revenue was $11.6M, up 15% YOY. Mobile revenue represented 58% of total revenue which was $6.7M, up 128% YOY. Net income was $52K compared to a net loss of $1.5M in Q3 of 2013. Average mobile daily active users increased 6% versus Q2 and 15% versus Q1 to an all-time record of 888K in Q3.
This post also appears on SocialNetworkingWatch.
WSJ – Nov 7 – Momo Inc, the maker of Chinese dating and chat app Momo, has confirmed its plan to go public in the U.S. Momo has grown rapidly since its 2011 launch. It began as an online dating app, but it has pushed to become a platform to help people with shared interests connect in locales across China. Monthly active users reached 60.2 M in September, more than doubling from a year earlier. Membership subscription fees accounted for 63% of its revenue in H1 2014. Total H1 2014 revenue was $13.9M, up from $3.1M in the comparable 2013 period. Net loss was $8.3M, compared with a $9.3M loss in the H1 of 2013. Alibaba owns a 21% stake in Momo.
by Josh Beckerman
See full article at WSJ
This post also appears on InternetDatingInvestments.
CBC.CA – Nov 7 – The Immigration Council of Ireland launched a Tinder-based ad campaign to create awareness about the crimes behind sex trafficking and prostitution. Each profile contains a series of photos that get progressively more graphic with each swipe. With an estimated 50M active users worldwide, Tinder has become an incredibly powerful platform in terms of connecting people and, increasingly, for the purpose of spreading information.
LAWEEKLY – Nov 7 - Singldout use DNA testing for its matchmaking service. Singldout tests for three immune-system genes and one serotonin-transporter gene. With the immune system, people are matched based on how dissimilar two immune systems are. The more dissimilar they are, the more attraction there is between two people. The serotonin-transporter gene can be responsible for how people respond to serious stress. Often they're either level-headed or unhinged. If someone's cool and someone else is high strung, there will be stronger compatibility than two people who are high strung. The service costs $149 for three months.
by Dennis Romero
The full article was originally published at LA Weekly, but is no longer available.
MARKETWIRE – Nov 6 – Q3 2014 revenue was $15M, down 14% primarily due to 14% decrease in average paying subscribers. Net loss in Q3 2014 was $969K, compared to a net loss of $2.6M in the year ago period. Executive Chairman Michael McConnell stated, "The Company has experienced significant changes since the removal of the majority of the Board in July. Our focus has been on right-sizing the corporate cost structure and driving improved marketing efficiency, particularly at ChristianMingle.
The full article was originally published at Seeking Alpha, but is no longer available.
DAILYMAIL.CO.UK – Nov 6 - Tinder is set to monetize its app by launching a Tinder Plus subscription. Paid-membership will first roll out in the UK, Brazil and Germany. Tinder will test how much it can charge for the trial service with prices between 99c – $20 before deciding on a worldwide rate. Subscribers will get access to an 'undo' button to prevent missed opportunities when they swipe left on a potential partner too soon. The app also plans on launching a button called Passport, which will let users search for potential dates in extra locations. Currently, the app automatically searches within a certain distance from a user’s location, whereas Tinder Plus users will be able to toggle between different locations.
VCCIRCLE – Nov 7 – Vee, an Indian mobile dating app, has received $1M in its pre-Series A round of funding from Lightspeed Venture Partners. Launched in April this year, Vee connects people who are single with others having the same tastes. The firm is also looking to monetise the app in the near future by introducing a paid subscription model.
by Sainul K Abudheen
See full article at VCCircle
This post also appears on InternetDatingInvestments.
OPW – Nov 9 - The new Internet dating jobs listing is live on the Internet Dating Jobs blog.
Below see a couple of this month's most interesting offers:
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From our esteemed Courtland Brooks clients:
DatingFactory
Customer Communication and Marketing Manager
Global Personals USA (Webdate, Fling, WealthyMen, Crush.com)
Brand Manager (Stunr.com)
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Avid Life Media
Business Development Lead, Asia
eDarling.de (descriptions in German)
Head of Online Marketing
eHarmony
Vice President, Product Management
Match.com, Chemistry.com, People Media
Integrated Marketing Director
Online-Buddies
Vice President of Engineering
To see more open positions go here.
Do you have an idating industry job offer which is not included? Please, send it to petra@courtlandbrooks.com and we will add it to the list.