Category: ParshipMeet Group

ParshipMeet Group Is Preparing for IPO

Posted on October 21, 2021

Parshipmeet group logo 2021HANDELSBLATT – The IPO could take place in the Q2 of 2022 and the subsidiary of the German television group Pro Sieben Sat 1 could be valued at 4B – 5B euros. The company has selected Morgan Stanley and BNP Paribas as lead advisory banks for the planned listing in Frankfurt. Pro Sieben Sat 1 Media holds 53% of ParshipMeet and wants to stay invested. On the other hand, the investment company General Atlantic, which holds a 43% stake, wants to get out.

by Arno Schütze
See full article at Handelsblatt

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ParshipMeet Group Adds Hornet as New Livestreaming Partner

Posted on September 28, 2021

Hornet logo 2018BUSINESSWIRE – ParshipMeet Group, a leading provider of interactive dating solutions, has enabled the launch of livestreaming video on Hornet through its vPaaS (video Platform as a Service) solution. Hornet, known as the world's queer social network, has ~35M members.

See full article at Businesswire

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Investors See Big Potential in Smaller Online Dating Companies

Posted on September 14, 2021

Top 20 dating apps USWALL STREET JOURNAL – Since Jan '19, App Annie data show U.S. users have spent 7.4M hours on dating apps a month on Android phones alone. Match Group and Bumble collectively boast ~$50B in fully diluted market value, but plenty of businesses are trying. Coffee Meets Bagel, which hits users with algorithmically curated matches every day at noon, has made ~130M matches since its launch in 2012. Hily, which works to make it easier to start conversations, has 22M users. Snack, which is focused on video-first dating, was the 10th most-downloaded dating app in the U.S. last month, according to App Annie. Some just need a larger platform to help them take off. Hinge, in which Match took a majority stake in 2018 before acquiring it in 2019, saw ~100K U.S. downloads in Jan '18. By Mar '21, it was closer to 600K. Berlin-based Spark Networks did $233M in revenue last year. And then there is eHarmony owner ParshipMeet, which is preparing for a 2022 IPO. In the Q2 it had €139M ($164.2M) in revenue.

by Laura Forman
See full article at Wall Street Journal

ParshipMeet Prepares for IPO in 2022

Posted on September 2, 2021

Parshipmeet group logo 2021REUTERS – Sep 1 – Dating group ParshipMeet has started preparations for an IPO next year. ParshipMeet, which is 43% owned by buyout group General Atlantic and 53% by German broadcaster ProSiebenSat.1 Media, has invited banks to pitch for roles in the listing. ProSieben CEO Rainer Beaujean has publicly set his sights on floating ParshipMeet in 2022. Its e-commerce business bought The Meet Group last year for $467M and renamed it ParshipMeet Group. ParshipMeet could be worth upward of 3.5B euros ($4.1B). ParshipMeet reported H1 revenues of 280M euros, up 19% on a pro-forma basis, while EBITDA climbed to 61M euros.

by Arno Schuetze & Douglas Busvine
See full article at Reuters

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New Co-CEOs at ParshipMeet Group

Posted on July 20, 2021

ParshipMeetGroup_LogoOPW – July 20 – After 7 years, Tim Schiffers, the incumbent CEO, is handing over the baton to Marc Schachtel and Geoff Cook. Marc Schachtel (formerly COO) and Geoff Cook (Founder/CEO, The Meet Group) are now co-CEOs of ParshipMeet Group. Henning Rönneberg is CFO.

Tim successfully completed the merger of Parship Group with The Meet Group and is moving on to new challenges outside the organization.

Marc will lead the entire matchmaking business as CEO of Parship Group: Parship, ElitePartner, eharmony, LOVOO. See Marc's Linkedin post.

Geoff will continue to be responsible for the Social Dating & Entertainment division: MeetMe, Skout, Tagged, GROWLr and the live video streaming solution vPaaS, which powers the video solution of some of the largest dating and social apps in the world. See Geoff's Linkedin post.

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Spark Networks Begins Monetization of Zoosk Live!

Posted on July 12, 2021

Zoosk liveAITHORITY – July 10 – Spark Networks has begun to record revenue from Zoosk Live! a livestreaming service offered via a partnership with ParshipMeet Group. Zoosk Live! is the result of Spark leveraging ParshipMeet Group's Live video Platform as a Service (vPaaS) product, which powers some of the world's largest livestreaming video dating apps by monetizing user videos. The service offers a range of livestreaming options, including challenges, events, and interactive features like NextDate, a speed dating game.

See full article at AIThority

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Zoosk Launches Zoosk Live!

Posted on July 1, 2021

Zoosk livePR NEWSWIRE – July 1 – Zoosk, a flagship brand of Spark Networks, is rolling out livestreaming video community Zoosk Live! to its core markets. The livestreaming service, which is being offered via a partnership with ParshipMeet Group, is currently available for free to all Zoosk iOS and Android app users in the US, UK, Canada, and Australia. Members can stream, interact with, and create Zoosk Live! content using their existing Zoosk accounts.

See full article at PR Newswire

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ParshipMeet Group Adds MocoSpace to a List of Livestreaming Partners

Posted on May 25, 2021

Parshipmeet group logo 2021BUSINESSWIRE – May 25 – ParshipMeet Group, a leading provider of interactive dating solutions, will provide livestreaming video to MocoSpace, a social gaming and chat app, through its Live video Platform as a Service (vPaaS) product. ParshipMeet's vPaaS solution powers Live video for some of the world's largest livestreaming video dating apps.

See full article at Businesswire

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ParshipMeet Group Adds MocoSpace to Growing List of Livestreaming Video Partners

Posted on May 25, 2021

Mocospace logo 2021BUSINESSWIRE – ParshipMeet Group, a leading provider of interactive dating solutions, will provide livestreaming video to MocoSpace, a social gaming and chat app through its Live video Platform as a Service (vPaaS) product. ParshipMeet’s vPaaS solution powers Live video for some of the world's largest livestreaming video dating apps. MocoSpace is the largest mobile chat and gaming community in North America, with ~100M registered users.

See full article at Businesswire

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ParshipMeet Group Partners With TikTok

Posted on May 6, 2021

Parshipmeet group tiktokBUSINESSWIRE – May 6 – ParshipMeet Group, a leading provider of interactive dating solutions, has partnered with TikTok. Using TikTok's new Login Kit, members of ParshipMeet Group's MeetMe app will be able to add their most recent TikTok videos to their profiles in a new TikTok Carousel, showcasing their personalities in a richer way than a profile picture. ParshipMeet Group expects to add additional integrations with TikTok in the future.

See full article at Businesswire

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