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Dating Industry and Matchmaking Industry Forums

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PostPosted: Tue Nov 18, 2014 5:56 pm 

Joined: Tue Nov 15, 2011 9:48 pm
Posts: 243
The OPW/iDate Weekly News Summary.

- Attend iDate Jan 20-22 in Las Vegas: Video Review:
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Snap Interactive Q3 Results: Higher Revenues And Reduced Net Loss

PR NEWSWIRE - Nov 6 - Snap Interactive, the parent company of announced the following financial and operating results. Q3 revenue increased by 16.5% to $3.5M. Net loss was $218K, an improvement of $1.5M YOY. AYI has held the #1 or #2 spot in the U.S. Lifestyle Category in the Apple iTunes App Store since August 2014. ... -loss.html

MeetMe Q3 2014 Financial Results

PRESS RELEASE - Nov 6 - Total revenue was $11.6M, up 15% YOY. Mobile revenue represented 58% of total revenue which was $6.7M, up 128% YOY. Net income was $52K compared to a net loss of $1.5M in Q3 of 2013. Average mobile daily active users increased 6% versus Q2 and 15% versus Q1 to an all-time record of 888K in Q3. ... sults.html

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Spark Networks' Q3 2014 Results: Revenue Down 14%, Loss Down To $969K

MARKETWIRE - Nov 6 - Q3 2014 revenue was $15M, down 14% primarily due to 14% decrease in average paying subscribers. Net loss in Q3 2014 was $969K, compared to a net loss of $2.6M in the year ago period. Executive Chairman Michael McConnell stated, "The Company has experienced significant changes since the removal of the majority of the Board in July. Our focus has been on right-sizing the corporate cost structure and driving improved marketing efficiency, particularly at ChristianMingle. ... -969k.html

Maker Of Chinese Dating App Momo Files For U.S. IPO

WSJ - Nov 7 - Momo Inc, the maker of Chinese dating and chat app Momo, has confirmed its plan to go public in the U.S. Momo has grown rapidly since its 2011 launch. It began as an online dating app, but it has pushed to become a platform to help people with shared interests connect in locales across China. Monthly active users reached 60.2 M in September, more than doubling from a year earlier. Membership subscription fees accounted for 63% of its revenue in H1 2014. Total H1 2014 revenue was $13.9M, up from $3.1M in the comparable 2013 period. Net loss was $8.3M, compared with a $9.3M loss in the H1 of 2013. Alibaba owns a 21% stake in Momo. ... s-ipo.html


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___________________________________________________________________ Online Dating Goes 3D

3DPRINT - Nov 12 - Through this Friday, life-size mannequins of Keron Knight and Michael Catuogno are on display on Bethnal Green Road, in London’s Brick Lane, in the window of “Guy Candy.” Interested women who pass by are invited to check out the men’s dating profiles on More than 40 DLSR cameras scanned each man’s head in a booth setup to provide the 3D images. The final products were designed via iMakr software. ... s-3d-.html

Use Of Porn Star's Photos On Complaint Dismissed

JD SUPRA - Nov 11 - The initial complaint was filed in late 2013 against IAC by Internet model Yuliana Avalos, on behalf of herself and “all individuals” whose photos had been used without permission in fake dating profiles. In early 2014, the complaint was amended to substitute as plaintiffs the adult film actress Melissa Harrington. The complaint alleged trademark infringement, copyright infringement and various other counts. On October 30, 2014, the complaint was been dismissed. ... issed.html

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Dapper Asks Male Users To Sign 'Gentleman Pledge' Of Conduct

DNA INFO - Nov 12 - Dapper, a new matchmaking app, requires men to sign a "gentleman pledge," where they commit to use the app only for "real romantic connection". Men are charged $19 for each date. A woman is charged $9. Both men and women are sent a list of matches who are available at the same time they are. Mutually attracted pairs are sent information on where and when to meet for a date, and receive a free drink. Following each date, the woman is asked if her match "displayed any bad behavior." If the man is red-flagged three times, he is kicked off the platform. The app does not have a chat function. ... nduct.html

Why Tinder Can Drive Upside For IAC

SEEKING ALPHA - Nov 11 - Wall Street may be misunderstanding the company by not fully valuing Tinder's phenomenal growth prospects into its models. Moreover, the valuation of the company's shares are reasonable, trading for ~14 times earnings, 1.84 times sales, and also yielding a 2.1% dividend. IAC has a portfolio of more than 150 brands, which offers longs a major margin of safety. Unlike other companies, which hinge primarily on a single app, this company is spread over many internet sites across many sectors. ... r-iac.html

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