IAC – July 31 – The Match Group revenue increased 8% as Dating paid subscribers grew 10% to 3.5M globally. Adjusted EBITDA increased 2% due to higher revenue, partially offset by higher marketing expense at Dating and DailyBurn. Operating income increased 15%.
See full article at IAC
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BLOOMBERG – July 30 – IAC plans to start making money from Tinder this year. Tinder could generate as much as $75M a year. Monthly active users on the app have increased 140% this year. IAC is considering three options – subscription, advertising or freemium.
by Alex Barinka
See full article at Bloomberg
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BOSTON BUSINESS JOURNAL – July 31 – Ken Deckinger, co-founder and CEO of dating site Jess, Meet Ken, said his site has grown to „many thousands“ of users since the launch in February. Jess, Meet Ken allows women to create profiles of single men they know but are not romantically interested in, who could be good matches for other women. The startup aims to launch a formal fundraising round in the fall — mostly targeting angel investors. Deckinger previously co-founded speed dating and online dating service HurryDate, that was acquired in 2007 by Spark Networks.
by Sara Castellanos
See full article at Boston Business Journal
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OPW – July 31 – FriendsDateNetwork.com, a network of 60+ niche dating sites operated by Ron Lee under white label dating platforms, is currently looking to partner with a dating company to be able to build a database they own from their own source code. FriendsDateNetwork.com is offering the following in exchange for a confidential copy of a dating site source code:
- Incoming leads via API for a set amount of time
- Reasonable cash payment – Reasonable percentage of revenues for a set time frame
- Small ownership percentage in FriendsDateNetwork.com
- Referrals to you Private or White Label Business Model
Contact RonnyJasonLee@gmail.com for more details.
WEBWIRE – July 29 – Mark Brooks will provide a special 3 hour session „Introduction to the Online Dating Business.“ It is scheduled for September 7, 2014 and is prior to the iDate in Cologne, Germany. The session will cover an overview of the online dating industry with a special focus on the European market.
See full article at Webwire