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Match Group Sees $421 Million in Revenue for Q2

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Match Group, the parent company of popular dating apps such as Tinder, OkCupid, and PlentyofFish, reported second quarter earnings of $421 million, exceeding industry analyst expectations.

The rise in profits was thanks to its star app Tinder, which gained an additional 300,000 subscribers in Q2 alone, and has seen a record 3.8 million subscribers to date. Match Group expects to earn $1.72 billion this year, with Tinder expected to exceed $800 million in revenue, according to Fortune Magazine. Match Group’s subscribers for all apps total about 7.7 million.

“Retention and conversion were a bit stronger than we thought they would be,” Chief Executive Mandy Ginsberg told website MarketWatch.

MillionaireMatch Adds New Features and Lists Top 10 Cities

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MIllionaireMatch has been busy updating their app and website these pass few months. With over 3.6 million members worldwide it is one of the largest dating services in their niche.

A number of blogs has been added to the service, this includes "Celebrity Interviews" and "Luxury Lifestyle". The celebrity blog contains interviews of entrepreneurs, fashion designers, and TV personalities. The lifestyle blog contains articles on dating tips and posts on anything that only the wealthy could afford.

The dating app recently added the option for members to become certified as a Millionaire. This feature has been available on the website for a number of years now but with the recent update users of the dating app can now provide the required documents. Once verified a members profile is marked by a badge.

Survey Reveals Modern Dating Is Not So Different After All

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Once upon a time, singles met by grinding on dive bar dance floors, playing footsie under the conference table, or shyly making eye contact at the church picnic.

Then online dating hit the scene. Dating apps and websites completely changed the dynamics of finding love, turning footsie and furtive glances into a series of swipes and winking emojis.

Or did it?

According to a recent survey from ReportLinker, modern dating looks decidedly less modern than pop culture would have you believe. Only 19% of adult singles in the US say they are registered on a dating service -- a surprisingly small percentage considering the size of the buzz around online dating. That leaves a whopping 81% who prefer doing things the old fashioned way.

POF Survey Reveals Conversation Trumps Attraction When It Comes To Chemistry

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What’s a bigger turn off: a sloppy kiss or sloppy grammar? According to the second annual “Conversation Nation” study from Plenty of Fish, adult singles consider lackluster conversation a greater offense than lousy sex.

POF took a deep dive into the communication habits of daters across the U.S. for Conversation Nation 2018, surveying 2,000 men and women over 18 years of age to discover how singles connect in the digital era.

“Singles are prioritizing conversations over physical attraction,” dating expert Shannon Smith told Metro. “We’re seeing again and again from user testimonials and data that relationships start with a great conversation.”

Growth Industry Or Past Its Prime? A Two-Year Review Of Online Dating’s Hirings And Firings

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It wasn’t long ago that dating services were seen as the last refuge of the lovelorn and desperate. Today online dating hasn’t merely shed its stigma, it’s a bona fide phenomenon and business appears to be booming.

According to a report from IBISWorld, annual revenue in the online dating industry has surpassed $3 billion. Dating services employed over 9,000 people worldwide in 2017 and have collectively seen an annual growth rate of +5.3% over the past five years.

Yet hardly a week goes by without someone publishing an article condemning digital dating for butchering our ability to have real relationships, and even major players like Match Group have fallen short of analysts’ expectations.

Online Romance Scams Are On The Rise And Costing Victims Millions, BBB Warns

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With the romance of Valentine’s Day no longer in the air, the Better Business Bureau is bringing singles back to cold, harsh reality. A recent investigation released by the organization reveals the staggering proliferation of online dating scams and the financial devastation left in their wake.

According to the BBB, romance scam victims in the United States and Canada have reported losing nearly $1 billion in the last three years alone. It’s a remarkable number by any standard, but researchers estimate it may represent only a fraction of the actual damage, as many victims are too embarrassed to report their experiences or file complaints with law enforcement.

Jim Hegarty, president of the BBB in Omaha, Nebraska, simply called the number “astronomical.”