FORBES – Nov 6 – On Antidate dating app, female members get to look at the profiles of men in their neighbourhood who’ve signed up to Antidate. But the men only get a look at women who've said they like the look of them. Mo Saha and Hatty Kingsley-Miller are the apps founders. The pair came up with the idea three or four years ago, they've developed the Antidate app largely without funding. Now, however, courtesy of a funding win that gives the business six months of breathing space, both Saha and Kingsley-Miller are working on Antidate full-time.
Month: November 2015
Spark Networks Q3 Financial Results – Revenue Down 22%
MARKETWIRED – Nov 11 – Q3 revenue was $11.7M, a YOY decrease of 22%, and a 5% decrease from the prior quarter. The YOY decrease was primarily driven by a decrease in average paying subscribers. Direct marketing expenses were $4.4M, down 27% YOY. Net loss was $(822K). Subscribers grew 0.5%. In October, Spark Networks bought Smooch Labs, the developer of JSwipe, the popular Jewish millennial dating app. Spark Networks hopes to monetize the app soon.
The full article was originally published at Spark Networks website, but is no longer available.
Jess Meet Ken Ditches Its Website, Launches Mobile App
BOSTON BUSINESS JOURNAL – Nov 3 – Online dating startup Jess, Meet Ken has ditched its website in favor of launching a mobile app. The app allows women to create profiles of single men they know but are not romantically interested in, who could be good matches for other women. Women can then ask to be introduced to a man that another woman vouches for. The company is backed by $250K in funding and plans to raise more this year. Jess, Meet Ken intends to launch a premium, paid-feature model down the road.
by Sara Castellanos
See full article at Boston Business Journal
MeetMe Q3 2015 Financial Results
BUSINESSWIRE – Nov 3 – Q3 highlights
- Mobile revenue was $11.6M, up 73% YOY, mobile revenue represented 81% of total revenue.
- Total revenue was $14.3M, up 23%YOY.
- Net loss was $2M, compared to net income of $52K in Q3 2014.
- Mobile daily active users increased 19% YOY.
See full article at Businesswire
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Hinge Dating App Has Begun Expiring Matches After 24 Hours
QZ – Nov 3 – Today, Hinge announced that users will have 24 hours to begin a conversation with a match before they disappear forever. Hinge joins Bumble and JSwipe in putting users on a 24 hour deadline to communicate. Bumble boasts a 60% conversion rate of match-to-communication, and Hinge reports that the share of matches that resulted in conversations increased by 50% when they ran a beta version of the new deadline for a week.
by Kate Groetzinger
See full article at QZ
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Next Internet Dating Conference Is Held In Miami, Jan 25-Feb 1, 2016
WEBWIRE – Nov 3 – The next iDate conference will take place on January 25 to February 1, 2016 in Miami.
The agenda for this year’s event will be:
- January 25, 2016 : Pre-Conference
- January 26-27, 2016 : General Session & Expo Hall
- January 28-February 1, 2016 : Post Conference Networking Cruise
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68% Of Chinese Women Would Not Marry A Man Without A House
BEIJING TODAY – Oct 31 – Dating apps such as Momo, Tantan and Qingchifan are growing fast and attracting investment. Young people also use IM apps such as WeChat and QQ to meet romantic partners. Online dating in China will generate ~10B yuan ($1.6B) in revenue by 2016, up 17% from 2014, according to iResearch. Dating sites make money from ads and membership fees, and also from offline events and matchmaking services. Comparatively, most foreign dating sites rely on ads. Whereas users of foreign dating sites try to impress with looks and personality, Chinese sites are more pragmatic. Educational background, salary, and home ownership often weigh the most in selecting a partner. Men are generally expected to have a house, a car and a satisfying salary. 68% of women in developed cities said they would not marry a man until he owns a house.
by Simina Mistreanu
The full article was originally published at Beijing Today, but is no longer available.
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Some Try To Turn LinkedIn Into A Dating Site
CHICAGO TRIBUNE – Oct 31 – LinkedIn can serve as a toolbox for searching online ahead of dates. For example, finding out whether those who proclaim themselves successful business owners actually own one, or simply confirming whether people are employed. One app sprang up using the site. BeLinked, previously known as LinkedUp, targets career-minded singles and operates by importing users' LinkedIn data, then making matches. Founder Max Fischer launched the site when he noticed that his friends would subtly begin conversations with interesting people through LinkedIn.
by Alison Bowen
See full article at The News & Observer
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Mamba Acquired Premium Dating Site Teamo
IZVESTIA – Nov 2 – Mamba has acquired 100% of Russian dating site Teamo.ru. The amount was not disclosed but experts estimate it at $25-40M.
by Vladimir Zykov
See full article at Izvestia
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