The OPW/iDate Weekly News Summary.
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:~ TOP ONLINE PERSONALS WATCH NEWS ~:
Match Group Q4 Financial Results, Revenue Up 28%, Loss $9M
PRESS RELEASE - Feb 7 - Match Group now has ~7M subscribers across its businesses and 3M at Tinder alone. Total Revenue grew 28% YOY to $379M, driven by 24% growth in Average Subscribers to 7M and a 4% increase in ARPU. Operating income was $128M, an increase of 13% YOY, while Adjusted EBITDA increased 20% over the prior year quarter to $153 million. Net loss of $9M, driven by the inclusion of $92M of discrete tax charges related to U.S. tax reform. Excluding these discrete tax charges, Match Group would have reported net income of $83M.
Study: Grindr And Jack'd Could Allow Hackers To Steal Users' Data
GAY STAR NEWS - Feb 6 - A postgraduate student has published evidence showing gay dating apps Grindr and Jack'd have a major data flaw that could allow hackers to steal users' personal data. Jason Chao says he can prove the apps are not encrypting data sent to third party advertisers. This allows anyone to intercept the data transfer, and steal it. 'I am not the first one to discover Grindr and Jack'd being leaky. Researchers at a Japanese university were the first ones to point out the issue of both apps sending unencrypted data to third-party advertisers. However, they only saw evidence of device models and carrier names being susceptible to hackers. But in my study, I also found personal data is accessible too.'
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Tinder Is Launching A New Location-based Feature Set This Year
TECH CRUNCH - Feb 8 - Tinder will launch a series of new features based on location in 2018. Match Group has been fairly vague on what these new features will entail, having only described them as something that will blur the "distinction between digital and real-life dating, and dating and simply engaging in your social life." Tinder remains one of the biggest drivers of revenue for Match Group, accounting for ~30% of its parent company's revenue in 2017.
Cinema Dating App Launches In Israel
JERUSALEM POST - Feb 8 - Cinema Dating app is like Tinder, but for dates at the cinema. The app lets users pick a movie and then match them with a partner registered to it. The basis for matching dates is movie interest, date of availability and proximity, in a similar format to Tinder. It includes cinemas across Israel. The app has established a partnership with the Cinematheque in Tel Aviv and is in negotiations with Cinema City. Eventually, the app's founder plans to form partnerships with international cinemas. Cinema Dating will go to CinemaCon in Las Vegas in April.
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The Rise And Fall Of Spoonr, An App That Connected Cuddlers
PAPER MAGAZINE - Feb 8 - Spoonr, originally called Cuddlr, was an app that helped connect those hoping to cuddle. Cuddlr launched in Sep 2014. With 200K downloads immediately, it hit Apple's list of "Top 10 Most Downloaded Apps," and attracted outlets like the New York Times and the Washington Post. The reviews rolled in just a week later, and they weren't pretty. Less than six months later, the creators shut the app down. Then New York entrepreneur Eugene Bentley purchased the app, and a year after Cuddlr's inception, rebranded and relaunched it as "Spoonr." Bentley boasted 300K followers and spoke of hoping to reach 500K in the following six months. Early last year, Spoonr was abandoned. What exactly happened to Spoonr is unclear, but it's likely the app was plagued with the same issues it had when it was Cuddlr - people with motives that contradicted the app's mission statement, co-opting it to hook-up.
Zoosk To Fight Military Romance Scams
ZOOSK - Feb 8 - Zoosk has launched a new US military verification, called Insignia. It utilizes a third-party service to review and verify a member's U.S. military service in order to help reduce military romance scams. Verified user gets "Insignia" badge that lets other members know that he/she is a member of the U.S. Military Personnel or Reservists. Zoosk is partnering with SheerID, but this service depends on a variety of third-party sources of information. "We cannot guarantee the identity or service record of any member", Zoosk added.
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Cupid Poll: What Type Of Relationship People Are Looking For After A Breakup
PR WEB - Feb 8 - Finding another long-term relationship was the most popular dating goal among those respondents that have been "Single for a while" (55%), Divorced (52%), Widowed (50%), Separated (46%) and "Recently experienced a breakup" (39%), according to a new Cupid.com poll. Absolutely no one taking the survey in any responding category said "Given my situation, I am just looking for a 'quick fling.'"
Singles Pay 38Eur/Month For Online Dating In Germany
BUSINESS INSIDER - Feb 9 - A survey of 1K singles by the digital association Bitkom found that 1 in 3 German Internet users searches for a partner online. The most popular are paid services like Parship, eDarling or ElitePartner. On average, they spend ~38 euros per month. In addition, many singles use several apps at the same time: 59 percent of respondents say they use not just one service, but two or more services.
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