Dating Services

IAC Offers to Buy Meetic

Meetic
  • Friday, June 03 2011 @ 11:10 am
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  • Views: 2,023
The owners of Match.com, IAC announced plans on May 30, 2011 to buy all outstanding shares of Meetic for 15 euros a share. IAC currently owns 27 percent of Meetic already through a deal where the sold their European business to Meetic in early 2009 (see Story).

Meetic is valued at 347 million euros which works out to about $497 million in USD. The share offer by IAC is about 12 percent higher than the closing price last Friday. Since then trading has been suspended at Meetic's request.

Meetic's co-founder Marc Simoncini has entered into an agreement with IAC to sell about 3.7 million shares which works out to about 7% of the total outstanding shares. He also still plans to remain on Meetic's board of directors.

To find out about IAC's most popular dating site you can read our Match.com review.

Spark Networks First Quarter 2011 Financials

Christian Mingle
  • Sunday, May 29 2011 @ 01:39 pm
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  • Views: 1,844

For the first quarter ending March 31, 2011 Spark Networks reported revenue of $11 million. This is an 8 percent increase in revenue over last quarter (the largest growth between quarters in the last 5 years) and a 4 percent increase when compared to the same quarter in 2010. Spark Networks reported a net loss of $0.2 million in the first quarter due to $1.8 million being spent on direct advertising. In the same quarter last year a net income of $0.9 million was recorded.

Revenue for JDate this quarter was $6.9 million which was the same last quarter. JDate did have a 2 percent increase in subscribers at 91,545.

Revenue for the Other Affinity networks (ChristianMingle, BlackSingles, etc.) was $3.8 million. This is a 35 percent increase over the last quarter. Average paying subscribers was at 81,889 which is a 26 percent increase when compared to Q4, 2010.

Revenue for General Market Networks was down 20 percent to $190,000 when compared to the last quarter. Subscribers also fell similarly (19 percent) to 4,207.

For the full 2011 Q1 release visit Spark Networks News Room.

Related Story: Spark Networks Fourth Quarter 2010 Financials

eHarmony offers Free Communication this May Holiday Weekend

eHarmony
  • Thursday, May 26 2011 @ 09:43 am
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  • Views: 2,961

eHarmony in the United States is having a free communication event this weekend from May 27 to May 30, which falls close to Memorial Day. During this eHarmony event, new and existing members will be able to use the guided communication process for free which allows you to interact with other members by asking and answering questions.

Along with guided communication, members will also be able to create a profile and receive matches at no cost and with no credit card required. Viewing of members profile pictures and Secure Call communication are not included in this promotion.

This will be eHarmony's 34th (I believe) free communication event with the last one occurring for the entire month of February (see Story).

To find out more details on this popular online dating site that matches you based on personality, please check out our eHarmony.com review.

FriendFinder Networks Expects $50 Million from IPO

FriendFinder Networks
  • Tuesday, May 24 2011 @ 02:03 pm
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  • Views: 1,958

FriendFinder Networks expected to raise $50 million in gross profit from its IPO which started trading May 11, 2011 on the Nasdaq under the "FFN" ticker symbol. The company expect shares to go for around $10 and plan to sell 5 million. The money raised from the IPO has been earmarked to pay down their debt.

FriendFinder Networks stock price currently sits at $5.67 per stock and it has been as low as $5.32 per stock in the past few days.

To find out more about dating sites owned by FriendFinder Networks you can read our review of Passion.com and our review of FriendFinder.

Related Story: FriendFinder Networks Plans To Revisit Public Offering

eHarmony Discovers That “How You Meet Your Spouse Matters” (P. II)

eHarmony
  • Sunday, May 15 2011 @ 09:21 am
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  • Views: 1,666

When Dr. Gian Gonzaga and the research team at eHarmony decided to conduct a study on the relationship between divorce and the way couples meet, they found themselves confronted with a couple of hurdles to clear:

  • Online dating is a relatively new phenomenon - it's been around for a little over a decade, and only been popular for the last 7 or 8 years. That's not a significant amount of time for a large number of couples to meet, marry, and then separate, and the sample size would likely have been too small to create an accurate study.
  • One method of running the study would be to simply sample the American population at random, hoping that a significant number of people who had gotten divorced met their former spouses on an online dating site. The research team would have to hope that, through sheer luck, they would find a large enough number of people who had A) Married in the last decade, B) Met their partner on a particular online dating site, and C) Gotten divorced from that person. But surveying the entire population of the United States is far from practical, and leaves too much to chance.

Instead, the eHarmony team, aided by Opinion Research Corp., "identified an online panel of 4,000 people who had been married to AND divorced from that person in the last 15 years," with a focus on marriages that began between 2005 and 2009. Though their final sample size was small - only 506 people - their findings are still interesting. In most cases, "the expected number of divorces was very close to the actual number of divorces...observed in the sample," which means that "it didn't really matter how you met your spouse, you were just as likely to get divorced." The most notable results from the study showed that:

  • People who met on eHarmony were 66.6% less likely to get divorced.
  • People who met through school were 41.1% less likely to get divorced.
  • People who met at a bar were 24% more likely to get divorced.
  • People who met through unspecified other means were 16% more likely to get divorced.

Their findings are food for thought, but the eHarmony team acknowledges that they are far from definitive: "We realize the numbers of eHarmony divorces is pretty small and this is only one sample of divorces. We don't know if these results will replicate in another sample or generalize to all marriages. Those are important limitations to this study that need to be acknowledged. We're already working on replicating these findings to address these limitations."

It is also important to remember, as Dr. Gonzaga notes, that studies like these show only WHAT happened, not WHY it happened. "How you met your spouse is only one of many reasons for why a couple eventually ends up unhappy or divorced," he writes. "Many relationships that start off shaky end up lasting a lifetime. Others that have a great foundation still end up in trouble. How you meet is only the starting point. You, and your spouse, control where you end up."

Read the original post here and for more details on the matchmaking service which conducted this survey please read our review of eHarmony.

Jiayuan.com IPO Falls 4% in First Day of Trading

Jiayuan.com
  • Friday, May 13 2011 @ 03:33 pm
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  • Views: 1,951

Last month Jiayuan.com applied to list on the Nasdaq. Well, on May 11th Jiayuan.com (China's largest dating site) opened for trading under the symbol DATE at $11 per share. At one point it reached $11.62 a share but by end of trading it had fallen 4.4 percent to close at $10.52 per share. As of writing this post one share of the company is worth $10.68 US dollars.

From the IPO Jiayaun said they raised $78.1 million from 7.1 million American depositary shares.

For more on this story you can read .

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