There are the niche sites like JDate.com and Christianmingle.com, which are both owned by Spark Networks.
online dating business
Piper Jaffray's Munster says eHarmony is a
Online Match sites, which includes Match. com and Chemistry. com generated 343 million business revenue this year, reporting 1. 4 million active subscribers, about 15 percent of the market. eHarmony doesn't disclose its user numbers, but Piper Jaffray's Gene Munster estimates that its revenues were about 250 million with about 13 percent market share.
eHarmony costs about twice dating much as Match. com per month, business eHarmony's CEO Greg Waldorf dating to me why he online it's worth it.
- Com IAC owns niche sites Blackpeoplemeet.
- Com and Christianmingle.
The pullback in consumer online hasn't slowed down the industry at all: if anything it seems to have made Americans more eager to settle down. The two major dating are Match. com, which is owned by Barry Diller's Business Corp and eHarmony, which is privately held.
And as the stigma of meeting a match online falls by the wayside, the industry's growth is accelerating. Online dating revenues are growing 10 percent to 15 percent per year, on track to hit one point nine billion dollars within three years, according to Piper Jaffray. The pullback in consumer spending hasn't slowed down the industry at all: if anything it seems to have made Americans more eager to settle down.
All these premium services face competition from free sites like Plentyoffish.com, which is ad supported sites. And then of course there are social networks. Forty one percent of online daters say they also use sites like Facebook to find dates. But so far the explosion of social networking hasn't proven a threat to paid sites.
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