The OPW/iDate Weekly News Summary.
- Attend iDate May 28-29 in Beijing: http://www.internetdatingconference.com
- Video from iDate Las Vegas: http://idate2015.com/eventvideo-las-vegas-2015.php
- Stay informed. http://www.onlinepersonalswatch.com
- Mobile news app: http://idate2014.com/idate-industry-app.php
:~ TOP ONLINE PERSONALS WATCH NEWS ITEMS ~:
Spark Networks Reports Q4 2014 - Net Income $3.9M
MARKETWIRED - Mar 5 - Q4 revenue was $14.3M, 17% decrease YOY which was primarily driven by a 22% decrease in average paying subscribers. Spark Networks cut marketing expenses 60%. Christian Networks accounted for the majority of the decrease, reflecting the Company's strategy to reduce and reallocate direct marketing investments in the segment. Q4 net income was $3.9M, up from a net loss of $3.5M. CEO Michael Egan stated, "We are now in the "walk" phase of our "crawl, walk, run" plan. Our "run" plan is to reinvigorate profitable subscriber growth by year end."http://www.onlinepersonalswatch.com/new ... e-39m.html
Jiayuan's Q4 2014 Financial Results - Revenue Up 30%, Net Income $3.1M
PR NEWSWIRE - Mar 5 - Jiayuan's Q4 revenue was RMB172.8M ($27.9M), a YOY increase of 29.9%. Q4 net income was RMB19.2M ($3.1M), compared to RMB25M in Q4 2013. Net revenues for full year 2014 were $99M, a year-over-year increase of 24.6%. Net income for full year 2014 was $3.2M. Online services contributed 61% of net revenues. Personalized matchmaking services contributed 34.7% of net revenues, events and others 4.3%.http://www.onlinepersonalswatch.com/new ... e-31m.html
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The League's Has Now 100,000 People On The Waitlist
BUSINESS INSIDER - Mar 4 - The League is a new, exclusive dating app that only lets in the "most interesting" singles. The only way to get in is by applying to a long waitlist that's approaching 100K people, or with a VIP pass from someone who's already a member. A League member or employee recently posted a listing on Craigslist, offering a VIP ticket for $100. The listing has been pulled by the company. The app raised $2.1M.http://www.onlinepersonalswatch.com/new ... tlist.html
Luxy - Tinder Without The Poor People
CBS GLOBAL - Mar 5 - Luxy, a new dating app is requiring its users to have at least a six-figure salary. “It works a lot like Tinder, except this is Tinder minus the poor people,” said Darren Shuster, spokesperson for Luxy. In order to join, men must make at least $250K a year (which must be verified with tax records), and women have to be attractive.http://www.onlinepersonalswatch.com/new ... eople.html
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Spark: A Dating App Designed To Be Used On The Tube
TELEGRAPH.CO.UK - Mar 5 - Spark is a new dating app that aims to connect people in places such as the Tube. It works both with and without an Internet connection. The app can cleverly function over Bluetooth. When users see someone attractive they open the app, find their profile and send them a Spark. The Tube crush will need to be signed up to the app too, so its usability ultimately depends on how many people create an account. The recipient will only receive the Spark once they have parted ways, saving any potential embarrassment. 4K users signed up before it launched last Sunday. That's still some way behind Tinder's estimated 50M users, but it's a positive start. Although the app was primarily designed with the Tube in mind, it has been rolled out across the UK and is already proving popular in Bristol and Manchester.http://www.onlinepersonalswatch.com/new ... -tube.html
Tinder Plus Will Be More Expensive For People 28+
PINKNEWS.CO.UK - Mar 3 - According to the Evening Standard, Tinder Plus will cost L3.99 for users under the age of 28 and L14.99 if they are older. The company’s founder Sean Rad said: “These features aren’t something that everyone is going to want to use, and we don’t want everyone to use them.”http://www.onlinepersonalswatch.com/new ... le-28.html
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Jiayuan.com's Proposal Of "Going Private" And Departure Of Director
PR NEWSWIRE - Mar 3 - Jiayuan.com's Board of Directors has received a preliminary non-binding proposal letter from Vast Profit Holdings Limited that proposes a "going-private" transaction involving the acquisition of all of the outstanding ordinary shares of the Company not already owned by Vast Profit at $3.58 per share. Vast Profit completed its acquisition of 8M ordinary shares of the Company from Aprilsky Ltd. on Mar 2, 2015. Ms. Gong resigned from her position as a director of the Company, effective immediately, and will no longer hold the position of Co-Chairman of the Board. Ms. Gong will continue to serve as a consultant to the Company.http://www.onlinepersonalswatch.com/new ... ector.html
Tinder Is Building Out Its Ad Product
RECODE.NET - Mar 3 - Tinder has also approached potential ad partners, including Facebook and Twitter. Twitter owns mobile ad network MoPub, and Facebook has multiple ad networks that Tinder could use. Brian Norgard, co-founder of messaging startup Tappy, which Tinder acquired in January, is now Tinder’s VP of Advertising Products. Norgard and Tinder co-founder Sean Rad worked together previously at Adly, a brand marketing company Rad founded in 2009. Rad is still CEO, but IAC is actively hunting for a replacement, at which point Rad will stay on as President. It is also possible those plans were pushed back.http://www.onlinepersonalswatch.com/new ... oduct.html
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