PRESS RELEASE – Aug 27 – Spark Networks, the parent of Zoosk, EliteSingles, Jdate, Christian Mingle, eDarling, JSwipe, and SilverSingles, reported H1 2020 revenue of €103.4, an increase of €54.2M from €49.2M in the H1 of 2019. The increase is primarily attributable to the integration of Zoosk following the Spark Networks / Zoosk Merger in July 2019. Net Loss was €0.4M, an improvement of €4.5M compared to Net Loss of €4.9M in the H1 of 2019. Average paying subscribers increased to 915K in the H1 of 2020, compared to 445K in the same period of 2019.
Category: SilverSingles
Lumen, Dating App for 50+ Has Attracted 1.5M Users
BBC NEWS – Jan 1 – Charly Lester founded dating app Lumen in London in 2018, believing she had spotted a gap in the market. She knew lots of people in their 50s and 60s who were just as phone-fixated as the younger generation. Her app has attracted ~1.5M users in less than a year. It's free to join, but the company makes money by charging users for "premium" features. These include the ability to search potential partners with "advanced filters" and the chance to see who has saved you as a "favourite". More established companies also cater for mature daters, like OurTime and Silver Singles. They began as website platforms but have now developed apps. OurTime says it has seen a 146% increase in active users in the past two years, with 63% of joiners registering by mobile.
by Dougal Shaw
See full article at BBC News
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Spark Networks Reports First Half 2018 Results
PR NEWSWIRE – Aug 30 – For the six months ended June 30, 2018, total revenue was €53M, an increase of ~26% YOY. The growth was attributable to the 34% increase in the number of average paying subscribers. Spark contributed 91.3% of the YOY revenue increase through the addition of Jdate, JSwipe and Christian Mingle following the close of the Affinitas / Spark Merger in Nov 2017. "Our growth strategy remains focused on EliteSingles, Jdate, JSwipe and Christian Mingle, and the recently launched SilverSingles brand," said Jeronimo Folgueira, CEO of Spark Networks SE. Net Loss was €(1.1)M, a €557K reduction compared to the H1 2017.
See full article at PR Newswire
Spark Networks Financial Results: SilverSingles Launch, More M&A Expected
SEEKING ALPHA – Apr 25 – Spark Networks full year revenue increased 16.5% to €85.6M due to the 20% growth in paying subscribers as well as marketing efforts in North America and the Affinitas-Spark merger in Nov 2017. For the full year 2017 adjusted EBITDA was €6.6M, a YOY increase from €5.9M. It includes €509K of post merger adjusted EBITDA from Spark. The company ended the year with ~465K paying subscribers. (158K in North America and 307K international). Here a few key points from Spark Networks earning call:
- Spark Networks is expecting future M&A to accelerate growth
- EliteSingles is the largest and fastest growing brand (20% growth in 2017); ~60% of Spark Networks revenue comes from EliteSingles.
- Elite Singles is expanding in North America
- Jdate and Christian Mingle stable and expected to grow in 2018, marketing focus in North America for now, although new languages were introduced in April
- The company launched a new matchmaking site SilverSingles in Dec 2017 in US, Canada, UK, France, Germany and Australia. The site targets serious daters who are 50+. 15% of Spark registrations coming already from this brand.
See full article at Seeking Alpha
Online Dating For Those Over 50
CBS – Feb 8 – AARP has joined the online dating services. They debuted their new dating website, AARP Dating powered by HowAboutWe. HowAboutWe has currently ~1M members and has been around for several years now. OurTime.com has been around over a year and is part of the Match.com family. SilverSingles.com is part of the Spark network of dating sites. It has been around for 10 years and claims to be the premier online community for seniors. SeniorPeopleMeet.com is a place for those over 50. It’s partnered up with Match.com and Chemistry.com as well as BabyBoomerPeopleMeet.com.
by Dee Lee
See full article at CBS
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