Match Group Under Scrutiny

SEEKING ALPHA – Dec 7 – Match Group is known to favor acquisitions to counter competition. Since January 2009, it has invested ~$1.3B to acquire 25 brands for its dating portfolio. Match Group went public a year ago and is worth ~$4B. Currently, its portfolio consists of 45 brands. Analysts are concerned over its dependence on Tinder. In Q3 2016 Match Group dating revenues jumped 22% to $287.5M, driven by strong contribution from Tinder, Pairs and PlentyOfFish. Average paid member count grew 33% to 5.5M, with strong contribution from Tinder, Meetic and PlentyOfFish. Average revenue per paying user declined 8% to $0.54 primarily due to the comparatively low revenue rates for Tinder and PlentyOfFish. Match Group expects revenue growth of 15% to 20% next year.

by Sramana Mitra
See full article at Seeking Alpha

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Summarized by the Courtland Brooks team


Tinder Launches New Podcast Backed By Dating Data

WALL STREET JOURNAL – Dec 6 – The new show is called „DTR,“ short for „define the relationship“. The six-part series, hosted by journalist and „This American Life“ music supervisor Jane Marie, covers various topics surrounding dating in the digital age, like how to best construct an online profile or the precarious transfer of nude photographs.

by Steven Perlberg
See full article at Wall Street Journal

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DateTix Group Raises $1.75M To Boost Dating App Growth

PROACTIVE INVESTORS – Dec 5 – DateTix Group has raised $1,759,600 via a placement to new and existing Asia and Australian-based investors at $0.34 per share. DateTix is a mobile app that facilitates on-demand dates. DateTix recently completed the acquisition of Lovestruck, a premium online dating platform currently operating in Hong Kong, Singapore and the United Kingdom.

See full article at Proactive Investors

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This post also appears on InternetDatingInvestments.

Summarized by the Courtland Brooks team


Klip – New Online Dating Startup

KILLER STARTUPS – Dec 1 – Klip is a new mobile data app that allows users to search for matches via 21-second video profiles. Newcomers answer three random questions on video. Users can then browse and watch the profiles of others, liking them or moving on with a simple click. In the case of mutual likes, people can start chatting or „klipping.“ Klip was founded in 2016 after winning a Garage48 hackathon in Odessa, Ukraine.

by Roger Hollings
See full article at Killer Startups

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Q&A With AshleyMadison’s New CEO Rob Segal

AD WEEK – Dec 1 – Rob Segal left WorldGaming to join AshleyMadison’s parent company, Ruby Corp in April.

Q: What was your initial reaction when you were contacted for the CEO job?
A: I did think that if it could be pulled off, it would be one of the great turnarounds of all time, and I wanted to be part of something that big. I had to get comfortable with it, and I had to make sure it was cool with my wife and with my family.

Q: How’s that working out?
A: We gained 7M members since July, taking our total over 49M. Our female sign-ups are up 20%.

Q: Can you describe the typical user?
A: Our core users are in mid-30s and older, and they are educated with higher income.

Q: How do you monetize that base?
A: It’s free initially, but as you want to use more of the service, you purchase tokens (which start at $49), and you become a paying customer. (They spend ~$200 a year on the site.)

Q: Can you envision selling ads on the site?
A: Big data’s a very untapped opportunity for us—but we have to be very, very careful with how we do that. We would never share any data about a customer. In a year or two we might be there, but not right now.

Q: Where do you see your brands in the next few years?
A: We need to continue to build up trust. We’ll position the sites as nonjudgmental platforms, with the customer base to help you find whatever it is that you are looking for in a discreet and secure fashion.

by David Gianatasio
See full article at AdWeek

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Summarized by the Courtland Brooks team