Spark Networks SE is a global dating company with a portfolio of brands that share a common database designed for singles seeking serious relationships. Anyone using any one of these services should be aware that their data will be shared across all brands servicing the same demographic. The deal increased Spark’s global monthly paying subscribers to over 1 million. Zoosk is an online dating service available in 25 languages and in more than 80 countries. Initially launched in , ChristianMingle. The site serves singles who are looking to date and marry within the Christian faith. Christian Mingle has over 9 million registered members.
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Spark Networks SE closes its $258M acquisition of dating brand Zoosk
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People dating online during quarantine have essentially been flying blind, says an observer.
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The markets are trending positive, after an earnings season that was less grim than predicted. This is an all-time high percentage, and a great sign of economic health despite the corona virus crisis. The better-than-expected earnings season is having a ripple effect in the stock markets. Spark is an online dating company, formed three years ago, and holding a portfolio of recognizable brand names, including SilverSingles, Christian Mingle, and Jdate.
In addition to this dynamic, several product and marketing improvements to Zoosk immediately made an impact and led to the better-than-expected revenue result.
Total revenue for the group, which specialises in online dating platforms, was $ billion, of which Tinder made up $ billion.
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We know most relationships that would have ended in divorce these days never get married. We have probably seen more relationships that end poorly than end well. We need to be attracted to the other person, and we want someone who we have fun with, who we simply enjoy spending time with. These are qualities you should share with a partner.
Eric will replace Jeronimo Folgueira who is stepping down from the role as chief executive officer. With the acquisition of Zoosk in July of this year, Spark Networks became the second largest online dating platform in North America and a leading and diversified player in the global dating industry. His experience leading engineering teams, and his domain expertise across advertising and technology-driven businesses make Eric an exceptional candidate to lead Spark.
Spark has a tremendous brand portfolio to help people find love across the globe. And with online dating becoming more and more prevalent, there are plenty of opportunities for growth, said Eric. I look forward to working with Eric to ensure a smooth transition over the coming weeks. Spark has over one million monthly paying subscribers globally.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of , as amended, and Section 21E of the Securities Exchange Act of , as amended, statements involving known and unknown risks, uncertainties, and other factors that may cause Spark Networks’ performance or achievements to be materially different from those of any expected future results, performance, or achievements. Any statements in this press release that are not statements of historical fact may be considered to be forward-looking statements.
Written words, such as “believes,” “hopes,” “intends,” “estimates,” “expects,” “projects,” “plans,” “anticipates,” and variations thereof, or the use of future tense, identify forward-looking statements. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future.
Additional factors that could cause actual results to differ are discussed under the heading “Risk Factors” in Spark Networks’ Annual Report on Form F for the year ended December 31, and in other sections of the Group’s filings with the Securities and Exchange Commission “SEC” , and in the Group’s other current and periodic reports filed or furnished from time to time with the SEC. All forward-looking statements in this press release are made as of the date hereof, based on information available to the Company as of the date hereof, and the Company assumes no obligation to update any forward-looking statement except as required by law.
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EliteSingles is designed for educated and successful single professionals seeking a committed, long-term relationship with someone who fits their high demands. Its users benefit from a smart matchmaking system that provides them with quality matches. This is why EliteSingles is the platform of choice for those successful professionals who have already experienced serious relationships, know what they want, and are ready to love again.
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Dating sites contacted by AFP refused to divulge their traffic since Covid starting shutting down US cities this week but it appears their usage is.
Single people only. No sexual content. You are not allowed any sexual content in profiles – see more we are not that type of sparks. We only want people who are looking for networks to register. If you are married, do not sign up. It is OK if you are divorced or separated. You also need to be over Do you live outside Ireland?
Maybe it started with a match on a dating app, followed by flirting over text. Then came regularly scheduled Zoom dates. Now, as coronavirus restrictions begin to ease, some may have broached taking the next step: An in-person rendezvous. In my book, The Science of Kissing, I describe how compatibility requires engaging all of our senses. And absent the touch, taste and smell of a potential partner, people dating online during quarantine have essentially been flying blind.
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Plans for the deal were previously announced. Following the closing of the merger, Spark has 2,, ordinary shares issued and outstanding underlying 26,, ADS, with former Zoosk shareholders collectively owning The Zoosk app, available in more than 80 countries, is a free download, but charges users who want to send messages and chat with other subscribers, similar to Match.
Zoosk has for a long time struggled to compete against Match Group and its top-ranking dating apps in the U. A few years ago, the company laid off a third of its staff and even had to call off its IPO, as Tinder decimated its business. Half of those downloads 19 million are from the U. Similarly, Spark Networks has also fought to gain footing as Match Group became an ever-larger force in the online dating market over the years. But it still operates at a loss.
As a result of the deal, Spark says its global monthly paying subscribers will increase to more than 1 million. Four years ago, we were a small German startup with no presence in North America. Its full list of dating app brands tends to be more faith-focused or targets particular niches. Other key members of the Zoosk team are staying on as well, for the time being.
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