Minyanville took a look at Spark Networks latest financials (see Story) and decided to do an article on it. Spark Networks as a whole is not doing very well but JDate has been holding its own in the recent downturn of the economy, even with the advertising budget lowered by $150 thousand. JDate is really the only viable online dating solution for someone who wants to date someone within their own Jewish faith. One thing they mentioned which might get JDate members attention is that apparently they may be considering lowering subscription fees which were last raised back in April 2007 (see Story) to bring in more members.
One thing the article talks about, which I disagree with, is that the subscription model for online dating is not viable any more due to free dating sites. While their example of a free site like Plenty Of Fish has seen increase visitors of 69 percent according to Compete.com (not 100% like the article suggests) most other free dating sites have been either losing visitors or just holding their own. With the recession over the 6 month mark, I think a lot of the popular paid dating sites are doing remarkable well by keeping roughly their current visitor levels, while sales in other industries plummet. Subscription based dating is not going anywhere, and these sites have their place in the dating industry, just like the free dating sites.
For the full article, read Minyanville (Note: I experienced problems viewing this page in IE 8). For more on the dating site, read our Jdate.com review.