OPW - Mark Brooks, CEO of Courtland Brooks, continuously monitors Internet Dating industry news and related developments. 2021 has been an exciting year, as companies adapt and grow through the changing global environment. Bumble, which recently went public, posted Q2 2021 revenues of $186M with an operating loss of $10M. Match Group ended 2020 with nearly $2.4B in revenue and operating income of $743M, and acquired Hyperconnect this year. Apple has been prohibited from blocking outside payments in the Epic court ruling, which is pivotal as app spending is projected to reach $270B by 2025. ParshipMeet is preparing a 2022 IPO, and Chinese dating app Soul is also seeking a U.S. IPO. Tinder is releasing ID verification worldwide, while also testing a virtual currency system. Dating Group has acquired Cupid Media. Clover and Snack have raised capital, with $12M and $3.5M in new funding, respectively. Mark Brooks reviews the top industry news and provides additional commentary in the latest video in the LTR Conference series.
LTR stands for Love, Technology, Relationships and the online conference covers the Internet dating and Online Social Communities space. It is for members of IDEA and OSCA.
The September LTR was kindly sponsored by RealMe, vPaaS by The Meet Group & Courtland Brooks.