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Category: Zoosk

Revenues Of eHarmony & PlentyofFish.com

Posted on February 20, 2012

Revenue moneyOPW – Feb 17 – Privco is a source for financial data of major privately-held companies. They've estimated revenues for eHarmony, PlentyofFish (POF), Zoosk and OKCupid, to and other Internet dating companies. According to Privco, eHarmony's 2010 revenues were $255M with projected 2011 revenues of $265M. POF revenues were estimated at $19M with $14M operating income in 2010.

Download the full reports for $99 at Privco.com.

We also learned from the POF report that IAC offered $175M for POF in 2008.

  • eHarmony
  • PlentyofFish.com
  • Zoosk
  • OK Cupid

See all posts on eHarmony      See all posts on Zoosk
See all posts on POF.com        See all posts on OkCupid

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Online Dating Sites Want Couples To Stick Around

Posted on February 13, 2012

Zoosk logo newBLOOMBERG – Feb 13 – Every time dating sties are successful, they lose two customers. Shayan Zadeh and Alex Mehr think they have a solution. They're the co-founders and co-CEOs of Zoosk. They have been thinking of ways to spur growth by becoming more like LinkedIn, a hub for job seekers that's also a destination for people not actively looking for a new gig. This month, Zoosk will begin offering features to keep happy couples engaged with the site. These include anniversary gift ideas, digital scrapbooks, restaurant discounts and relationship advice from experts. Most of the extra features will be free to Zoosk couples who keep their profiles active. Zoosk became profitable in the fourth quarter and revenue surpassed $90M last year, according to Zadeh.

See full article at SF Gate

See all posts on Zoosk

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iDate Demonstrates Shift In Dating Technology

Posted on January 30, 2012

Idate2012 logoFAST COMPANY – Jan 26 – Author Dan Slater, who is writing a book about the online dating industry, attended the iDate Conference in Miami and took a look at the way technology is influencing the way we date online. Things are changing now that one third of America’s 90M singles date online, and it’s no longer the “unspeakable underworld” it once was. Seventeen years ago, when Gary Kremen founded Match.com, anonymity was key to success, protecting people’s privacy and allowing them to reveal their “true identity” on their own terms. In 2007, Zoosk was formed on the basis that the younger generation grew up on technology and the conventional online dating platform was of no interest to them. Zoosk “is for a social life – with dating in mind” where privacy concerns are not as rampant. New sites continue to pop up in the ever-changing industry challenge our notions of privacy and what we should expect going forward. Facebook founder Mark Zuckerberg is right – morality may be divine, but it’s also fickle and shifts in technology make new things possible.

by Dan Slater
See full article at Fast Company

See all posts on Zoosk
See all posts on Match.com

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Zoosk Launches App For iPad

Posted on November 7, 2011

Zoosk logo newMARKETWIRE – Nov 3 - Zoosk, the social dating network, has released its new Zoosk app for iPad. The Zoosk app for iPad, which debuted last week in the iTunes App Store to coincide with Zoosk's fourth birthday, has already ranked among the top 20 apps in the U.S. Social Networking category on the iTunes App Store, above all other dating apps.

The full article was originally published at Marketwire, but is no longer available.

See all posts on Zoosk

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Woo Media Acquired By Zoosk

Posted on November 3, 2011

Woome zoosk logaPR WEB – Nov 3 - Woo Media, the live interactive video network, with web properties including WooMe.com, Shufflepeople.com, and Monsterchat.com, has announced its sale to Zoosk, the world’s largest social dating site. WooMe’s 10M users will soon be able to engage directly with Zoosk’s user base of over 100M users. In addition, all properties owned and operated by Woo Media will also be merged into Zoosk. Financial details of the transaction were not disclosed.

The full article was originally published at PR Web, but is no longer available.

See all posts on Zoosk
See all posts on WooMe

This post also appears on InternetDatingInvestments.

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iDate INSIDE Series: Episode #2 – Zoosk

Posted on September 17, 2011

OPW – Sep 17 - iDate INSIDE are a series of videos covering the inner operations of internet dating companies. The video shows the offices and the culture. Here is the 2nd episode, a sneak peek into the Zoosk's office.

Zoosk currently has 98 employees and 15M members worldwide. Of the 70 countries Zoosk is active in, 25 are doing really well. Top 5 are US, UK, Canada, France and Denmark.

See all posts on Zoosk

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Zoosk Looks to Attract Investors for New Financing

Posted on August 18, 2011

Zoosk logo new REUTERS – Aug 17 – Zoosk recently hired Deutsche Bank to help it raise $50 – $75M. The new financing will help Zoosk pay for more marketing and international expansion. Zoosk operates a dating community of more than 50M users in 60 countries and it recently extended a TV ad campaign from the US into the UK and Canada. Zoosk closed a $30M round of funding in late 2009, bringing total financing at that time to $40.5M.

by Alistair Barr
See full article at Reuters

See all posts on Zoosk

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Zoosk Launches Employee Recruitment Campaign

Posted on August 2, 2011

Zoosk logo new DIGITAL JOURNAL – Aug 1 - Zoosk has launched 'Find a Job. Get a Date.' recruitment campaign to attract talented software engineers to the fast-growing company. Anyone who applies for open engineering positions at Zoosk and begins employment by September 30, 2011 is eligible for a chance to go on a date with Samantha, the star of Zoosk's latest TV commercial, 'Office Romance,' or Steve, star of Zoosk's popular TV commercial, 'Athlete,' which recently aired in the US, UK and Australia.

See full article at Digital Journal

See all posts on Zoosk

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Zoosk Takes on Match.com and eHarmony in the UK

Posted on May 24, 2011

Zoosk logo new MARKETING WEEK – May 24 - Social dating community Zoosk aims to boost its profile in the UK by investing in marketing throughout the year in a bid to compete with Match.com and eHarmony. Zoosk will roll out multi-platform campaigns even outside dating sites’ traditional “on-peak” periods that tend to fall around the new year and Valentine’s Day.

by Lara O'Reilly
See full article at Marketing Week

See all posts on Zoosk
See all posts on Match.com
See all posts on eHarmony

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Digital Romance: The Business Of Online Dating

Posted on May 3, 2011

Online dating - couple walking on keyboard ATLANTA POST – May 3 – Online dating is now the third most popular way for singles to meet, ranking behind the workplace and school (#1) and friends and family (#2), but ahead of bars (#4), according to an eHarmony study. ~113M people visit dating sites each month. 6 out of 10 African Americans are unmarried, according to Packaged Facts, while according to the 2004 U.S. census, 42% of all black women have never been married. Such statistics make the black community a prime target for the online dating industry. BlackPeopleMeet.com, was the 11th most visited dating site in March, reaching 4% of the total U.S. black population, according to Experian Hitwise. Other sites targeting African Americans include BlackSingles.com, AfricaSingles.net, BlackPeopleLove.com and SoulSingles.com. ~90% of online daters stick to the top 100 dating sites though, according to industry consultant Mark Brooks. Among the world's top sites are PlentyofFish, Zoosk, Manhunt, eHarmony. These sites offer relationship services that social networks do not, Brooks pointed out. "Dating sites protect the name and identity of people until they're ready to give it up. Facebook is a handy tool for researching people. You can look them up on Facebook and see what kind of company they keep. So the two work hand in hand."

How are Internet dating sites changing society? In a number of significant ways.
People are able to weed out people with show-stopping attributes. Second, dating sites have leveled the playing field for men and women. Women are not penalized for making first moves. Third, as a research paper by Brooks points out, singles are becoming more picky because online dating allows them to be more selective.

Online dating has a well-known downside. People online tend to lie about themselves. According to a study by OKCupid, men fib about their height. Half of all daters lie about their weight, and most people inflate their salaries by ~20%. A danger to avoid is a tendency to mask faults by creating the perfect date in the mind's eye. "When you start talking to somebody and you really want them to be the perfect match, you might start projecting qualities onto them that you would most desire, and that's called the halo effect," said Brooks. "There's a huge fantasy element to this, which is one reason why the virtual world sites are big," he continued. "There's a mental need for this, for believing that virtual worlds are better than the real world. A lot of Internet daters are disappointed. And ultimately people need to get out on 20 dates before they ever make their choice. They need to go experience the real world first." Chemistry counts, and daters must meet in person to develop a close relationship. "Personally, I do not think we will ever take the mystery out of dating and intimate connection," said Dr. Thomas Bradbury, eHarmony advisor, professor of psychology and founder of the Marriage and Family Development Lab at UCLA. "We are hard-wired to connect, and the daily challenges of creating, maintaining, and improving that connection are likely to be always just outside our grasp."

by Steven Barboza
The full article was originally published at Atlanta Post, but is no longer available.

See all posts on eHarmony               See all posts on Zoosk
See all posts on BlackPeopleMeet     See all posts on Manhunt
See all posts on BlackSingles            See all posts on OkCupid
See all posts on Plentyoffish

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