FirstMet – Online Personals Watch

PeerStream Is Selling Its Dating Assets to Focus on LiveStreaming and Blockchain Initiatives

Posted on February 4, 2019

GLOBE NEWSWIRE – Feb 4 – PeerStream has completed a sale of its non-core dating assets to The Dating Company LLC, a private U.S.-based company. The dating assets consist principally of the FirstMet dating service, which was founded in 2007. Alex Harrington, CEO of PeerStream, commented: "as we shifted our corporate strategy it became clear that the dating assets were non-core and suffered from lack of management attention, resulting in underperformance in 2018, including a significant revenue decline and negative cash flow."

See full article at Globe Newswire

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This post also appears on InternetDatingInvestments.com

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Snap Interactive Q1 Results

Posted on May 14, 2017

ACCESSWIRE – May 11 – Total revenues of ~$6.7M increased 36% YOY. Subscription revenues increased 41.8% compared to the same period last year. Net loss from operations was ~$1M. Snap has founded an Innovation Lab to support growth initiatives in the live video markets; beta launched 50more, a new dating app targeted at the market of users 50 years and older; and integrated dating functionality into Paltalk to introduce FirstMet membership to video chat users.

See full article at Snap Interactive website

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Summarized by the Courtland Brooks team

Snap Announced 2016 Results; Poised For Rapid Growth After The Merger With Paltalk

Posted on March 28, 2017

ACCESSWIRE – Mar 28 – Snap completed merger with Paltalk on Oct 7, 2016. Total revenues increased 4.3% in 2016 as compared to 2015. Total post-merger revenues for Q4 2016 increased 51.5%, compared to total pre-merger revenues in Q4 2015, reflecting the benefits of the merger. 2016 net loss was ~$1.5M, which included ~$1.1M of non-recurring Merger expenses. Snap has introduced a beta launch of a new dating product, 50more, in the Q1 of 2017, which targets a growing segment of the dating market of users 50+. The company integrated dating functionality into Paltalk to cross sell FirstMet subscriptions to video chat users, and began work on a new live video chat consumer application.

See full article at Yahoo Finance

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Summarized by the Courtland Brooks team

Snap Interactive Integrates Dating Into Paltalk Group Video Chat

Posted on February 8, 2017

SATPRNEWS – Feb 7 – Snap Interactive has launched the first of many expected integrations of its array of video chat and dating apps. The company released an update to its Paltalk app that includes navigation to a new "Dating" section, which highlights the new affiliation of FirstMet and Paltalk as a result of the merger. Paltalk users are encouraged to register for FirstMet to connect with users seeking romantic relationships.

See full article at InternetDatingNewswire

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Summarized by the Courtland Brooks team

Snap Q2 Results: Revenue Down 18% YOY

Posted on August 13, 2016

MARKETWIRED – Aug 13 – Q2 total revenue decreased by $63k compared to Q1 2016 and 18% YOY due to a decrease in the number of active subscribers. Advertising revenue increased by $42k, or 37% YOY. Total expenses were reduced by $509K in the Q2. Net loss increased to 841k from 259k in Q2 2015. Snap kicked-off development of a new product targeting users 50+ and translated FirstMet service into nine additional languages to test opportunities in international markets.

Here is the earnings call transcript.

See full article at Marketwired

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Summarized by the Courtland Brooks team

What’s Next For SNAP Interactive?

Posted on March 14, 2016

OPW – Mar 14 – On todays investor call, CEO Alex Harrington revealed that SNAP is going to be launching a new brand in Q3. We'll cover it here on OPW as soon as its announced. Are You Interested has now rebranded to FirstMet, and the company is seeing a significant increase in activity with the new brand. This is especially pleasing since they've not started their win-back campaign yet. SNAP is looking towards International markets. FirstMet is configured for translation and is live in Spanish. Portuguese is being evaluated. SNAP's product innovation will focus on mobile moving forward.

SNAP Interactive generated $12 million revenue in 2015, down 11% from 2014. EBITDA was nearly break-even, which is their best performance to date.

I was also on the call to talk about the mass transition of the industry to mobile and general trends. You can see the slides directly here. – Mark Brooks

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This post also appears on InternetDatingInvestments.

Post by Mark Brooks @ Courtland Brooks.

Snap Interactive’s AYI Is Now FirstMet

Posted on March 7, 2016

MARKETWIRED – Mar 7 – Snap Interactive has rebranded AYI, the company's flagship dating platform and one of the first dating apps to integrate with Facebook. FirstMet's apps are both newly rebuilt from the ground up with a more streamlined back-end infrastructure. FirstMet App targets singles over 35.

See full article at Marketwired

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Summarized by the Courtland Brooks team

Snap Reports Positive Net Income On Lower Revenue In Q3 2015

Posted on November 11, 2015

MARKETWIRED – Nov 10 – Total revenue decreased 16% YOY to $2.9M. Net income totaled ~$0.5M, the highest net income ever recorded by the company. Snap Interactive operates dating apps – AYI and The Grade.

See full article at Snap Interactive

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Summarized by agency

Snap Interactive’s AYI Is #1 Top Grossing App In iTunes App Store

Posted on August 20, 2014

PR NEWSWIRE – Aug 19 – AYI, the social discovery app owned by Snap Interactive, is now the top grossing app in iTunes App Store. (See iTunes rankings) 32% of new subscription transactions originated from mobile platforms in July 2014.

See full article at Sys-Con

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Snap Interactive Extends Partnership With Match

Posted on May 14, 2014

PR NEWSWIRE – May 13 – Snap Interactive, the company behind social discovery platform, AYI.com, has extended its bus dev agreement with Match.com for 3 more months. The partnership features various integrations of Match.com's dating sites into AYI.com, and will expand to mobile platforms as well.