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Category: Outlets – Washington Post

Online Dating Losing Steam, But Not for Valentine’s Day

Posted on February 13, 2005

WASHINGTON POST — Feb 12 — Hopeful singles still flock to online dating services such as Match.com, owned by InterActiveCorp — the company reported a 9% increase in paid subscribers in Q3 2004 over Q3 2003.  Revenue was up 3%, to $49.7 million, but operating income was off 37%, at $2.8 million. The drop was due to higher marketing costs and other expenses needed to attract customers.  Jupiter Research forecasts that the online dating market will increase 9% in 2005 to $516 million.

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