SEEKING ALPHA – Jan 15 – Meet's operating performance is impressive, especially when compared to the competition. The recent acquisition of Lovoo has given The Meet Group more exposure to Europe and should diversify the company's holdings with expertise in subscription and in-app purchases. Lovoo has a diversified revenue stream with 48% coming from subscriptions, 24% from in-app purchases, and 28% from ads. It has 47K new global registrations per day and it employs 97 people full-time between its offices in Dresden and Berlin. Given the additional reach of the combined company, it is reasonable to project revenue to grow 25% annually for the next two years. By comparison, the dating app market's growth rate has dropped from 15% to 9% from 2015 to 2017 and is expected to continue at a growth rate of 5.31% until 2021.
by Dan Sparklingeyes
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