The OPW/iDate Weekly News Summary.
- iDate Dating Industry Conference in London October 2-4 2017http://idate2017.com
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:~ TOP ONLINE PERSONALS WATCH NEWS ~:
Spark Networks Q2 Results - Revenue Down 27%
ACCESSWIRE - Aug 8 - In May, Spark Networks entered into an agreement with Affinitas GmbH ("EliteSingles"), which operates premium online dating platforms EliteSingles, eDarling and Attractive World to merge. The transaction will close in Q4 2017. Q2 revenue was $6.6M, down 27% YOY and 9% down from the previous quarter. The decrease was driven by a decrease in average paying subscribers, reflecting reduced direct marketing investment in the Jewish and Christian Networks. Total direct marketing expenses decreased 53%. Q2 net loss was $2.5M. The company has no outstanding debt.http://www.onlinepersonalswatch.com/new ... wn-27.html
Snap Interactive Q2 Results - Revenue UP 43%
ACCESSWIRE - Aug 8 - Total Q2 revenue was $6.2M, a 43.3% YOY increase. Subscription revenues increased 48.3% as a result of the completion of the Paltalk merger. Net loss from operations was ~$1.5M.http://www.onlinepersonalswatch.com/new ... sults.html
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The Meet Group Q2 Financial Results - Revenue Up 91%
BUSINESSWIRE - Aug 3 - Total Q2 revenue was $31.3M, up 91% YOY, mobile revenue was $23.3M, up 55% YOY. The company has increased daily video minutes by 80% to 7.2M, with ~20% of its users watching videos every day. They expect to fully launch livestreaming video on Tagged and Skout by the end of this quarter. The Meet Group will also launch new banner and native advertising units within the video experience and gifting inside of video.http://www.onlinepersonalswatch.com/new ... up-91.html
An Inside Look At Chinese Tantan's Success
TECHNODE - Aug 9 - China's top dating app Tantan announced on June that it has raised a $70M worth in a Series D, summing up its total accumulated fund to $120M. Tantan works through the location base service mechanism and matches users with a person that has been to the same place. On July 2015, Tantan's DAU was reportedly 250k, and today, Tantan's DAU reached ~6M. In the process of closing Series D investment, many investors wanted to join the round, and Tantan's financing round was oversubscribed by too much demand. To maintain the proportion of the founding team's shares, South Korea's renowned VC fund LB Investment sold some of their existing shares to two investors and achieved a partial exit.http://www.onlinepersonalswatch.com/new ... ccess.html
Kount - Boost sales. Beat fraud.
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Northsight Capital Enters Into A Definitive Agreement To Acquire Crush Mobile Apps
ACCESSWIRE - Aug 9 - Northsight Capital has signed a non-binding memorandum of terms to acquire Crush Mobile Apps, a company that has developed a group of dating sites with a presence in the Latino, Israeli and African American communities, and claims ~1M members. Approval of the transaction is subject to a variety of conditions, including NCAP raising $500k prior to closing, due diligence investigation by both parties, obtaining all necessary corporate approvals, and the negotiation and execution of definitive agreements.http://www.onlinepersonalswatch.com/new ... -apps.html
Tinder Became A Gateway Dating App
FORBES - Aug 8 - Tinder and smartphones killed the stigma of online dating. The app market has fragmented. There were always competing sites, but now Tinder serves as a gateway to niche apps. It gets people in the game. They meet a broad base of users on Tinder, have a strong reaction and seek out the platform that's right for them.http://www.onlinepersonalswatch.com/new ... g-app.html
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Hinge Created Snapchat Geofilters To 'Crash' 25 Weddings Across The U.S.
ADWEEK - Aug 5 - With a Snapchat campaign deployed to 25 weddings, dating app Hinge created custom geofilters for every wedding specifically for those sitting at "The Singles Table." The filters - launched on July 22 and 23—featured a baby blue table in the lower left hand corner next to the phrase "Where's my date, Hinge?" According to Hinge, 1,500 people saw the geofilters during the weddings, with ~10% actually using it for their own photos. The company also saw an uptick in total downloads, with a 60% increase over the average number of downloads during the geofilter's activated hours.http://www.onlinepersonalswatch.com/new ... he-us.html
Cuddli - A New Dating App For Nerds
MASHABLE - Aug 10 - Cuddli is a new dating app for geeks. It's launching on iOS this week, though it's been available on Android since last year. Cuddli uses GPS matching. Users also have to respond to existing match requests before they can start matching with new people.http://www.onlinepersonalswatch.com/new ... nerds.html
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