The OPW/iDate Weekly News Summary.
- iDate Course: http://www.idatecourse.com
- Registration ends Nov 5, 2013
- Attend iDate. http://www.internetdatingconference.com
- Brazil: Nov 21-22 / Vegas: Jan 14-16
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- Nominations accepted until Oct 31
- Stay informed. http://www.onlinepersonalswatch.com
- Mobile news app: http://idate2013.com/idate-industry-app.php
:~ TOP ONLINE PERSONALS WATCH NEWS ITEMS ~:
Hinge Raised $4M
TECH CRUNCH - Nov 4 - Mobile dating app, Hinge, has raised a $4M Series A from Great Oaks, Social + Capital, and more. At first glance, the app looks like Tinder. It gives you one potential mate at a time that you can swipe right to approve or swipe left to dismiss. If two people approve each other, they’re allowed to chat within Hinge. Founder Justin McLeod believes that people use this app to find romance as opposed to Tinder, mostly known for hookups. Since expanding beyond its home city of DC in August to New York and Boston, Hinge has doubled its user count to 60K.http://www.onlinepersonalswatch.com/new ... ed-4m.html
HowAboutWe Goes Free In 30+ Countries
TECH CRUNCH - Oct 31 - HowAboutWe, a startup that recommends date activities for both singles and couples, is launching the first internationalized versions of its iOS app. The app is now available in 15 new languages covering ~30 countries, including Japan, France, and Russia. All features in the app are free for international users (US users pay $8-$35/month).http://www.onlinepersonalswatch.com/new ... tries.html
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eHarmony Launches Counseling Service For $5,000
MARKETWATCH - Nov 1 - eHarmony members can now pay $5K and they’ll get a personal counselor to help sift through matches. The site will also approach them on their behalf. "After surveying 15K eHarmony members who earn ~$250K a year, it was clear there was huge demand for such a perk, says Grant Langston, eHarmony’s VP of customer experience. "When it comes to paying thousands of dollars — instead of eHarmony’s $60 monthly fee — dating sites need to manage the already high expectations carefully, says Mark Brooks, a dating-industry analyst. “It was only inevitable that free dating sites started to add these kinds of premium features,” he says. Others say it makes sense to combine a matchmaker with a dating site. “Match.com hired some matchmakers in Dallas to experiment with higher price points,” Brooks says. “Then things went quiet, and they let the matchmakers go.” “People point to the sting of rejection and the time it takes to sift through profiles as two of the biggest frustrations of online dating,” Brooks says. “But I wonder how many users have the disposable income for that kind of help.”http://www.onlinepersonalswatch.com/new ... -5000.html
Spark Networks Falls Behind In The Online Dating Revolution
SEEKING ALPHA - Oct 28 - While some dating sites are making the right moves to gain ground, Spark Networks continues to fall behind. Here are 4 reasons:
1. Stock Underperformance - One of the most common ways to look for quality stocks is to compare their performance against the broader market. Over the past 52 weeks, Spark Networks is underperforming the market by ~5% and is off its 52 week high by ~18%. The stock fell ~10.5% on the last earnings report.
2. Poor Earnings - Despite the continued growth in revenue, the company continues to see increased operating and net income losses. For the quarter, the company's net loss came in at $3.3M.
3. Aging Business Model - More users flock to sites that continue to innovate upon the social media concept.
4. Competition - Increased competition from young, innovative companies like Snap Interactive.http://www.onlinepersonalswatch.com/new ... ution.html
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IUM, Korean Matchmaking App, Goes Global
TECH IN ASIA - Oct 31 - IUM, the popular Korean dating app with 1M users, is now going global. The team behind the app is launching Hey app in Japan, Taiwan, Hong Kong, and Singapore. Hey picks out three matches for users every day at 10am. They then have 24 hours to decide if they want to go out. Same concept as NoonSwoon which is also targeting Southeast Asia.http://www.onlinepersonalswatch.com/new ... lobal.html
Meetic Q3 Results
BUSINESS WIRE - Oct 30 - Meetic's Q3 revenue for the first nine months of 2013 increased by 2.7% to Eur 126.1M. The number of subscribers increased by 72,998 or 9.5% YOY to 840,801. Marketing expenses totaled Eur 62.0M, corresponding to 49.2% of revenue, compared with 47.4% a year ago. Net profit: Eur16.2M.http://www.onlinepersonalswatch.com/new ... sults.html
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IAC Profit Doubles On Dating Sites
MARKETWATCH - Oct 30 - IAC recorded stronger revenue, especially from its online dating portfolio. Match.com revenue grew 13% YOY to $201M in Q3. Operating income was ~65M, up 16% YOY. Total paid subscribers increased 17% YOY.http://www.onlinepersonalswatch.com/new ... sites.html
DatingFactory.com Hires New Head Of Product
PR WEB - Oct 30 - DatingFactory.com, the International private label dating provider, hires Taru Rautavuori-Knabe to lead their product division. The company turned their attention on improving user experience in order to increase member conversions. Taru held senior product positions at Insparx GmbH, the parent company of be2.com and c-date.com.http://www.onlinepersonalswatch.com/new ... oduct.html
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:~ UPCOMING INTERNET DATING & DATING INDUSTRY CONFERENCES ~:
November 21-22, 2013 : Sao Paulo, Brazilhttp://internetdatingconference.com/reg ... o-2013.php
January 14-16, 2014 : Las Vegashttp://internetdatingconference.com/reg ... s-2014.php
Highlights from iDate LA (Video): http://idate2013.com/eventvideo-la-2013.php
:~ TWITTER ~:
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The business conference for the dating industry @ InternetDatingConference.com
Industry Message Boards @ mb.InternetDatingConference.com
Conference Organiser, Marc Lesnick, firstname.lastname@example.org
Online Personals Watch, www.onlinepersonalswatch.com
Editor: Mark Brooks, email@example.com