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Match Group Stock Falls Despite Tinder Revenue Growth

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Match Group stock fell 10% 2 weeks ago in response to falling short of analysts’ Q4 goals, which were released along with their third quarter earnings reports.

Match Group reported revenue of $444 million, topping analyst estimates of $437 million for quarter 3. This is an increase of 29% when compared to quarter 3 of 2017 ($343 million). Match said it expects revenue of $1.72 billion for the year. But despite the growth and positive news, it was the projections for the last quarter which caused the dip in confidence from Wall Street. Analysts projected $454.5 million in Q4, while Match Group estimates it will only reach between $440 and $450 million.

Match Group lowered its estimates because of its higher-than-anticipated spending for Tinder and its other dating apps. Marketing costs are expected to rise 20% for Tinder and other brands like Hinge.

Analysts Project Online Dating Industry Worth $12 billion by 2020

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The online dating market is hot right now and projected to grow to $12 billion by 2020. This is in part thanks to bullish analysts targeting a price point of $66 for Match Group stock, based mostly on the incredible revenue growth of Tinder.

This projection by Nomura Instinet came on the heels of a downward market in early October. Match Group stock was projected to be 28% higher than what it was worth on Thursday October 11th before the announcement. The $66 valuation gave Match Group a bump on Friday.

Facebook’s entry into the online dating market could have an effect on these projections, though Nomura Instinet analysts say the valuation is based on Match Group’s effective strategy of buying competitors before they scale. Most particularly, Match Group was very successful in its purchase of dating app darling Tinder, which has seen unexpected revenue growth since launching its paid premium service Tinder Gold.

Online Dating is More Popular Than Ever, But Customers Are Skeptical of Finding Love

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Online dating has become the most popular way for people to meet, but according to a recent article in Forbes, this doesn’t mean they’re are satisfied with the experience. Many are skeptical that technology will help them find love – and in fact, might make it harder.

The Forbes article focused on ghosting, a practice that has become ubiquitous among online daters. Ghosting happens when one person stops communicating with another with no explanation.

The problem with ghosting according to the Forbes article, is not the act itself, which has been around for a while, it’s how prevalent it has become. It has become such a problem among online daters that Plenty of Fish did a study, and reported that 78% of its users admitted to being ghosted at least once.

OkCupid Statistics for 2018

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I have just been reviewing the different statistics for the popular dating services and I found that OkCupid still does list a few live statistics on their About page. I was originally going to write this post in July but I just got too it now. One surprising thing I notice was in July they had listed 57 employees but now only 54 are listed. All the other statistics have stayed pretty much the same. They still list 1 million plus OkCupid apps installed per week and 7.3 million messages sent a day (I assume this is the website and apps combined). These 2 stats are the same since the last time I checked in 2016.

OkCupid also list in real-time the number of people online using their service at any given time. This number changes constantly and is lower in the early morning and higher in the evening. It is also higher on the weekends when compared to during the week. The average number after taking several samples is about 100,000 people online.

For More information on this dating service you can read our OkCupid review and check out our complete OkCupid statistics page.

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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Image: MillionaireMatch

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.