LA SIGNARE - Jan 3 - Meetic and AttractiveWorld.net has been fined by CNIL (The National Commission for Computing and Freedom) for processing sensitive personal data of its users without their consent.
by Gerome Betterncourt
See full article at La Signare
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SEEKING ALPHA - Dec 7 - Match Group is known to favor acquisitions to counter competition. Since January 2009, it has invested ~$1.3B to acquire 25 brands for its dating portfolio. Match Group went public a year ago and is worth ~$4B. Currently, its portfolio consists of 45 brands. Analysts are concerned over its dependence on Tinder. In Q3 2016 Match Group dating revenues jumped 22% to $287.5M, driven by strong contribution from Tinder, Pairs and PlentyOfFish. Average paid member count grew 33% to 5.5M, with strong contribution from Tinder, Meetic and PlentyOfFish. Average revenue per paying user declined 8% to $0.54 primarily due to the comparatively low revenue rates for Tinder and PlentyOfFish. Match Group expects revenue growth of 15% to 20% next year.
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OPW - June 30 - Meetic has used the launch of Facebook "chat bots" on FB messenger to create virtual dating assistants. People can engage in conversation with Lara and Tom Meetic who can assist them with creating Meetic profiles and send them weekly matches directly to FB Messenger.
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GLOBE NEWSWIRE - May 18 - Gemalto, the world leader in digital security, is supplying Meetic Group, with its Netsize direct operator billing solution. Mobile subscribers of Numericable-SFR, French cable and telecoms provider are now able to pay for subscriptions via their regular phone bill.
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SABEMOSDIGITAL - Sep 22 - IAC has decided that they can manage the Spanish business from France, and laid off most of Meetic's staff in Spain. This will also affect Portugal, Italy and the Netherlands, which will also be controlled from Paris, and the Nordic countries, which will be led from UK. Meetic laid off more than 10 people including the country manager Jose Ruano, and marketing director, Miguel Javier Mangas. The remaining staff (rumored to be just 3 people) moved into a smaller office.
by Miguel Ángel Uriondo
The full article was originally published at Sabemos Digital, but is no longer available.
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TELECOMPAPER - July 29 - French data protection agency CNIL has served notice to eight dating sites including Meetic, Attractive World, AdopteUnMec, Easyflirt, Rencontre and Mektoube after an investigation revealed a number of breaches of privacy. The sites did not ask for permission to collect sensitive data.
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BLOOMBERG - June 26 - IAC’s Match Group plans to to sell ~20% of its common stock this year. The sale could fetch $600M to $1.2B if 10% - 20% of the business is sold to the public, according to Cowen and Co., valuing the division at $6B or more. IAC bought Match.com in 2003. Meetic joined in 2009 along with People Media. In 2011, IAC spent $50M for OKCupid. In 2012 came Tinder which "gamified" the online dating process. "There’s a lot of people that just weren’t prepared to get onto Internet dating," says Mark Brooks, a dating-website analyst and consultant at Courtland Brooks. "Tinder warmed people up to the psychology that it’s not a dating site. Everybody is on it; it’s fun. That’s really the thrill ride here." But free and fun dating apps can be volatile, while cannibalizing customers from such paid services as Match.com, Brooks says. Last year, as the popularity of free-to-use Tinder grew, paid subscriptions at Match fell by ~100K in the Q4, compared with Q3. Now IAC is trying to make money out of Tinder.
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PR NEWSWIRE - June 25 - IAC's Board of Directors has approved the pursuit of an IPO of Match Group. Joey Levin, formerly CEO of its Search & Apps business, has been named CEO of IAC and joined its Board of Directors. Greg Blatt will remain Chairman, and Sam Yagan CEO of The Match Group. IAC expects The Match Group to issue less than 20% of its common stock in the IPO, with IAC's remaining stake in The Match Group represented by both high- and low-vote common shares. The IPO is expected to be completed during Q4 of this year.
See full article at IAC website
This post also appears on InternetDatingInvestments.
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PIANETACELLULARE.IT - Nov 5 - Dating site Meetic has launched a new Meetic Wear App. The app for Android Wear smartwatch is designed with a simple interface.
See full article at PianetAcellulare.it
Mark Brooks: The first Android Wear app by a major dating site. Bravo Meetic.
This post also appears on Wearable.ai.
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OPW - May 23 - Match.com posted 2013 revenues of ~$800M and profits of $220M, including Meetic. Spark Networks projected 2013 revenues were ~$70M, with ~$13M in loss due to high marketing expenses. Jiayuan.com will earn an estimated $80M in 2013 revenues, with projected growth to $300M in 2015.
For additional companies and details, please view the video below.
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AFP - Feb 13 - Of the 18M single people in France, one in two uses Internet dating, said Jessica Delpirou, director in France of Meetic. On Feb 14 last year, Meeic saw a 38% increase in people signing up compared with other Thursdays in the month. Lovoo says it has seen recent monthly increases in users of ~30-40%.
The full article was originally published at FMT, but is no longer available.
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BUSINESS WIRE - Jan 24 - Match.com France Limited has confirmed its intention to implement a mandatory squeeze-out and pursuant delisting of Meetic shares from the Euronext exchange. The procedure follows suit with the simplified takeover bid initiated by Match.com France and will be completed on January 31, 2014. It will involve 179k Meetic shares at EUR 18.75 per share.
The full article was originally published at WSJ, but is no longer available.
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BLOOMBERG - Dec 3 - Badoo has attracted ~200M people worldwide, 25M of them are active. The challenge is now to expand beyond its strongholds in Southern Europe and Latin America. Badoo is eyeing Asia, UK and US. The company has been profitable since 2009, and sales last year expanded ~33% to $200M. It has hired Goldman Sachs Group as an adviser and doesn’t rule out an IPO. Meetic and Match.com are not concerned about the challenge from Badoo. Sam Yagan said his service is superior to Badoo and is rated higher by users.
by Ilya Khrennikov & Manuel Baigorri
The full article was originally published at Bloomberg, but is no longer available.
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BUSINESS WIRE - Oct 30 - Meetic's Q3 revenue for the first nine months of 2013 increased by 2.7% to Eur 126.1M. The number of subscribers increased by 72,998 or 9.5% YOY to 840,801. Marketing expenses totaled Eur 62.0M, corresponding to 49.2% of revenue, compared with 47.4% a year ago. Net profit: Eur16.2M.
The full article was originally published at WSJ, but is no longer available.
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BUSINESS WIRE - Oct 2 - Meetic is going to acquire the assets of e-Kontakt, one of the leading Nordic dating site owned by Intodate International AB. The site launched in 2005. Financial terms of the deal were not disclosed.
The full article was originally published at WSJ, but is no longer available.
This post also appears on InternetDatingInvestments.
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