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|Issue 683 - OPW/iDate Industry News - August 31st, 2020
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|Author:||datingindustrynews [ Tue Sep 01, 2020 10:56 am ]|
|Post subject:||Issue 683 - OPW/iDate Industry News - August 31st, 2020|
The OPW/iDate Weekly News Summary.
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Parent Company of Blued Buys Lesbian Platform
REUTERS - Aug 26 - BlueCity, the owner of China's biggest gay men dating app Blued, has bought a Chinese lesbian dating app LESDO, marking the first ever deal within the country's LGBT market. Launched in 2014, LESDO is an app for lesbians. It is believed to be the second most popular lesbian social app in China after Rela. BlueCity raised $84.8M in a Nasdaq IPO in July that valued it at
Matrimony.com Profits to Improve From Q3 Onwards After Covid
TIMESNOWNEWS - Aug 28 - "Impact of increase in billing will translate into revenue growth from Q3 onwards and profits will improve," says, Murugavel Janakiraman, Founder and CEO, Matrimony.com. Weddings have slowed down, but the number of paying users was not impacted.
Spark Networks SE Reports H1 2020 Financial Results
PRESS RELEASE - Aug 27 - Spark Networks, the parent of Zoosk, EliteSingles, Jdate, Christian Mingle, eDarling, JSwipe, and SilverSingles, reported H1 2020 revenue of €103.4, an increase of €54.2M from €49.2M in the H1 of 2019. The increase is primarily attributable to the integration of Zoosk following the Spark Networks / Zoosk Merger in July 2019. Net Loss was €0.4M, an improvement of €4.5M compared to Net Loss of €4.9M in the H1 of 2019. Average paying subscribers increased to 915K in the H1 of 2020, compared to 445K in the same period of 2019.
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BlueCity Sees 32% YOY Increase in Total Revenue in Q2
CGTN - Aug 26 - BlueCity, China's leading online LGBTQ platform, saw a 32.2% increase in total revenue YOY, with its net loss significantly improved. The Q2 revenue was 247.4M yuan ($35M). Q2 net loss was 3.3M yuan ($479K), a significant improvement compared with a net loss of 12.2M yuan ($1.8M) in Q2 2019. Monthly active users (MAUs) on the Blued mobile app reached 6.4M, up 11.2% YOY.
Top Niche Dating Apps in US
WTVQ - Aug 29 - Niche dating sites and apps, which are designed to make matches between people who share a specific interest or experience, are increasingly popular, with ~1,500 different sites available now. According to the analysis by Whistleout, The League - geared towards ambitious and driven people - leads the way as the most popular niche dating app in nine states. Faith-based apps are the most popular type of niche dating app in 17 states. Christian Mingle is the favorite app in eight states.
Hinge Users Slam the Dating App for Technical Glitch
YAHOO SPORTS - Aug 27 - On August 25, a technical malfunction caused Hinge to crash. According to Twitter, Hinge users were alarmed that their matches were disappearing after they restarted the app. This is not the first time a glitch like this has occurred for the app. A few days prior, on August 20, users also started complaining about how the app restarted and erased their profiles, matches, likes and conversations.
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As You Are - A Homegrown LGBTQ Dating App in India
INDIAN EXPRESS - Aug 25 - Indian LGBTQ dating app called "As You Are" aims to offer a safe space for people to make connections while keeping their identity confidential. The app was created by two women - Sunali Aggarwal and Aditi Gupta. For close to two decades, the duo has closely worked with various startups. The app has a strong verification process to filter out fake or junk profiles early on. New users have to provide their email and phone number and a selfie for verification. The app is about two months old and is seeing ~60 signups on a daily basis.
Muslim Matchmaking Apps See Spike in Downloads During Pandemic
CBC.CA - Aug 31 - Muzmatch, a muslim matchmaking app, saw a 45% increase in downloads in March globally and 16% in Canada. Minder, a Muslim matchmaking app that launched in 2015, reported a 20% spike in downloads worldwide during the pandemic. Hawaya, a relatively new matchmaking app that launched in Canada in March, saw a 200% increase in swipes from its Canadian users between May to June.
The OPW/iDate Dating Business Insider is first and the largest weekly news summary in the dating industry. Since 2004.
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