01AMOUR – Feb 24 – Meetic, the leading dating sites in France, is organizing local offline events called "Meetic Soirées". Meetic sends invitation to selected members who are allowed to invite up to three single friends. Usually 80-120 people meet in a local cocktail bar. Since the launch ~16,000 singles attended 50 Soirées that were held in 39 cities.
Category: Meetic
Why Online Dating Is Struggling To Go Global
THE DAILY BEAST – Feb 14 – Different countries date differently. Cupid Plc burned a lot of money when it tried to expand its BeNaughty website with becoquin.fr in France and gibsmir.de in Germany. Match.com sold its entire European business to the French site Meetic.com. These companies were sometimes felled by practical idiosyncrasies such as offering credit cards as the sole payment method in Europe, not knowing that only 25% of Germans own them. Australians take a more relaxed approach to dating. “In Australia you can never really be sure if you are on a date or you are just hanging out as friends,” says Katrina, an Australian who spent a year in Texas. Taiwan offers a more conservative scene. Potential partners are mainly set up through friends, and romance must be found within one’s social circle. Mark Brooks, editor of Online Personals Watch, predicts that the Chinese online dating industry alone will generate $350M in revenue in 2014, and forecasts growth in developing markets such as Russia and Latin America. Gian Gonzaga, chief scientist for eHarmony, sent out thousands of questionnaires in countries including Brazil, Australia, and the U.S. “We found Brazilian couples value passion the most,” Gonzaga says. “The importance of similar levels of spirituality is highest in the States.” eHarmony then adjusted its websites’ algorithms to reflect Gonzaga’s findings.
by Ella Delany
See full article at Daily Beast
See all posts on Cupid Plc See all posts on Meetic
See all posts on Match.com See all posts on eHarmony
Meetic Annual Results
4TRADERS – Feb 6 – Meetic 2012 consolidated annual revenue totalled Eu 164.8M, down 7.5% YOY. Revenue for the Q4 2012 came to Eur 42.0M. The Group had 768,572 subscribers at 31st Dec 2012, versus 762,099 a year ago. 2012 marketing expense totalled Eur 77.6M or 47.1% of revenue, compared to Eur 92.5Mand 52.0% of revenue in 2011. Profitability significantly improved in 2012, with EBITDA Eur 36.8M.
Meetic: New Offline Events & Daily Six Matches
01AMOUR – Dec 28 – Meetic now offers its members to attend weekly parties that are being held in ~30 cities in France in clubs or hotel bars. Meetic has also developed an algorithm to predict the best matches and is going to send each member 6 daily matches.
Meetic Acquires Twoo.com
PRESS RELEASE – Dec 21 – Meetic has signed an agreement for the acquisition of Massive Media, the company behind Twoo.com. Twoo is a social discovery service. Since launching in April 2011, Twoo has leveraged their organic and viral growth to build a global audience of 9.6M unique visitors1 in October 2012 and is available in 38 languages worldwide. Meetic will acquire 100% of the Company's capital and voting rights for 18.9M Euro cash. IAC/InterActiveCorp is Meetic's main shareholder, with an 81% stake.
See all posts on Meetic
See all posts on Twoo.com
This post also appears on InternetDatingInvestments.
Meetic Celebrates 10th Birthday
01AMOUR – Nov 22 – Meetic was founded by Marc Simoncini in 2001 and the official launch followed in 2002. In the same year Meetic expanded into several European countries including Germany, Italy, Spain and UK. See Meetic’s timeline.
Meetic Q3 Results
PRESS RELEASE – Oct 24 – Meetic revenue for the first 9 months of 2012 totalled 122.8M Eur, reflecting a 4% decrease in the number of subscribers, which totalled 767,803 at 30th September. The third quarter revenue remained stable compared to the previous quarter (40.8M Eur). Net profit for the first 9 months of 2012 came to 16.9M Eur giving a net profit of 13.8%, compared to 9.0% over the same period of 2011. As a consequence of the marketing expense leverage, profitability improved significantly, with EBITDA coming to 27.6M at 30th September 2012 compared to 19.2M at 30th September 2011. The EBITDA margin was thus 22.5% at 30th September 2012.
Match.com Reports Q2 2012 Revenue
Meetic Results For The 1st Half Of 2012
4TRADERS – July 25 – Meetic's revenue for the 1st half of 2012 is 82M Eur. The number of subscribers decreased 13.2% to 733,158. Net profit for the 1st half of 2012 came to 11.9M Eur giving a net margin of 14.6%, compared to 6.5% for the 1st half of 2011.
IAC’s Online Dating Q1 Profit Jumps 56%
WSJ – May 2 – IAC/InterActiveCorp.'s Q1 profit soared 91% from a year earlier as the Internet conglomerate ramped up revenue from its online dating and search engine businesses. Revenue from Match.com, OK Cupid and Meetic increased 56% to $174.3M. Meetic saw particular gains under IAC's control, boosting revenue 44% to ~$36M.
The full article was originally published at WSJ, but is no longer available.
See all posts on Match.com
See all posts on OkCupid
See all posts on Meetic