General News

IAC released their first quarter 2009 financial results on April 29, 2009. Looking at the company as a whole, revenue dropped 10 percent to $332 million. This mainly has to do with the global economic state and how it has affected online advertising. IAC search engine Ask.com revenue relies heavily on selling advertising space.

Match.com saw a 1 percent decrease in revenue to $90.1 million when compared to quarter 1 of 2008. This again has been contributed to the negative effect of foreign exchange rates with international markets experiencing a 15 percent decrease in revenue per subscriber. Total Operating Income dropped 2 percent to $9.9 million.

In February Match announced the pending sale of Match Europe to Meetic (see Story). The total value of the sale, including the Meetic shares and promissory note is approximately $140 million.

No mention was made in the report of IAC's other online dating sites Chemistry and their new free site, Down To Earth.

Here is the complete IAC Q1 2009 Report For more information on the dating sites owned by IAC, read our Match.com review and are Chemistry review.

Related Story: Match.com Fourth Quarter 2008 Financials.

From a survey which looked at dating and married couples relationships, researchers learned that the primary predictor of happiness in a relationship is your perception of, if your partner motivates and supports you to live up to your dreams and aspirations. With married couples there was one additional need found that is required to make a marriage a successful one. You must feel that your partner is helping you with your current obligations and responsibilities.

The significant finding, the researchers say, is that we often believe that if our dating partner gives us support to follow our dreams, they’ll probably support other parts of our life, namely our immediate responsibilities. But the ability to inspire a partner is not an accurate predictor of support for the more mundane and immediate obligations. And this can sometimes lead to a rude awakening when the church bells ring.

77 married couples and 92 dating couples participated in this survey which is to be published this summer in the journal, Psychological Science.

For the full story, read Scientific American.

So, how has the recession affected different markets in the love and relationship industry? According to Yahoo News it is all up and down.

Dating Sites - UP - We have had numerous articles on this site which talks about how online dating sites for the most part are having a period of booming business (see Search Results). Singles are looking to relationships for comfort instead of material goods.

Divorces - DOWN - From a previous story we noted that 37 percent of Matrimonial Lawyers are seeing a decline of couples getting a divorced in these financially trying times. Couples realize it is more economical to stay together and try to work things out since attorney fees and court costs can sometimes run up to $100 thousand.

Romance Books - UP - Sales for romance fiction is up according to the world's leading publisher, Harlequin Enterprises. Quarter 4 in 2008 saw a 7 percent increase compared to the same quarter in 2007. The 4 years before this, sales in this category have been flat.

Weddings - DOWN - Online dating may be up but, 75 percent of couples getting married are spending less. On average couples are spending 24 percent less per wedding than they did a year ago. This is a huge blow to the $60 billion a year wedding industry.

Since the start of the global recession, online dating services in the United Kingdom have grown 13 percent (September 2008 - February 2009). A total of 5 million singles from the UK are now using dating sites. This is 13 percent of the total UK online population. Genders are split evenly and heavy use members were online an average of 4 hours per month viewing and average of 23 pages a day. 65% of UK online daters are 35 or older. The most popular dating site in the month of February was DatingDirect (owned by Meetic, 1.6 million visitors), followed by POF (with 1.4 million) and then Match.com (1 million visitors).

Read NewMediaAge for more information on the story. Visit our DatingDirect review , our POF review and our Match.com review for more information on these dating sites.

Yahoo is shedding assets so they can concentrate on their core business. It looks like Yahoo! Personals may be on the chopping block. On Wednesday Barry Diller, CEO of IAC (which owns both Match.com and Chemistry) noted that they are talking to Yahoo about acquiring their dating service. This information was gathered from a conference call regarding the IAC/InterActive Q1 2009 Earnings report (we will discuss Match.com's earnings in another story). It is estimated that Yahoo! Personals could sell for around $500 million. This happens to be the same price that the Friendfinder Network sold in 2007 (see Story).

Interesting enough Match.com and Yahoo already have some dating partnerships. Yahoo has a number of dating sites for different parts of the world but, they really only actually run the one for US and Canada (as far as I can tell). The rest are partner dating sites. Match.com runs the Yahoo dating sites for the UK & Ireland, Germany and Taiwan. Find out more about Yahoo Personals partners by reading [story: Yahoo-Personals-Dating-Partners].

For more on this story read The Deal and for the full IAC/InterActive Q1 2009 Earnings Call Transcript visit Seeking Alpha.

Read our Yahoo Personals review and our Match.com review for information on these popular dating sites.

Craigslist is in the news again about their Casual Encounters section of the classifieds website. The last story in March was about a Chicago Sheriff who sued Craigslist for being one of the largest source of prostitution on the internet (see Story).

The New York Times takes a look at Craigslist, specifically the Casual Encounters section.

Like bathhouses and sex clubs, the Casual Encounters section caters to the erotic underbelly of society, where courtship gives way to expediency and anonymity is a virtue (or at least a turn-on). The section was introduced in late 2000 and is available in all cities served by Craigslist, for users gay and straight, male and female. The ads range from prim to raunchy; a good number of people include photographs of precisely what they have to offer.