Match Meetic
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| Type | Subsidiary |
|---|---|
| Industry | Online dating service |
| Founded | 2001 |
| Headquarters | Boulogne-Billancourt, France |
| Marc Simoncini, CEO | |
| Revenue | €133.6 M (Europe, 2008)[needs update] |
| Parent | IAC |
| Website | www.meetic.fr www.meetic.co.uk |
Meetic is a Frenchonline dating service founded in November 2001 and part of the Match Group since 2013.
History[edit]
In November 2001 Marc Simoncini started Meetic as a dating website.[1] It became publicly quoted in October 2005.
In 2007, according to JupiterResearch, Meetic was the largest online dating service in Europe. The service had 525,000 subscribers in 2007.[2] The service's slogan was 'Same game, new rules.'[3]
In February 2009, the company acquired the European activities of Match.com and grew to more than 30 million subscribers.[4]
In December 2012, the Meetic Group bought Massive Media, the parent company of Twoo.com.[5][6]
In 2013 Meetic was acquired by IAC and thus became a part of the leading Match Group.[7] In December, Meetic launched a new product: the Stepout application where people can find out who likes them nearby.
See also[edit]
Match Meeting Adoption
References[edit]
Match Meetic Billancourt
- ^Sage, Adam (2007-10-18). 'For French and internet dating, what's love got to do with it?'. The Times. Archived from the original on June 9, 2009. Retrieved June 9, 2009.
- ^Fishbein, Jennifer (2007-10-05). 'Europe's Love Affair with Meetic'. BusinessWeek. Archived from the original on June 9, 2009. Retrieved June 9, 2009.
- ^Reuben Dating firms fight for UK hearts, Anthony (2007-07-18). 'Dating firms fight for UK hearts'. BBC. Archived from the original on June 9, 2009. Retrieved June 9, 2009.
- ^'Marc Simoncini annonce le mariage de Meetic avec Match.com'. Zonebourse.com. Performance Bourse. 2009-02-20. Archived from the original on 2010-04-07. Retrieved 2010-04-07.
- ^'Meetic (IAC) buys Massive Media, the company behind Netlog and Badoo rival Twoo, for $25m'. www.thenextweb.com. 23 December 2012.
- ^'Meetic purchases Belgian dating site Twoo.com to go international'. www.rudebaguette.com. Retrieved 31 December 2012.
- ^Match.com increases its stake in Meetic SA from 80.8% to 87.5% and Announces Planned Public Offer for all Outstanding Shares
External links[edit]
- Official website (UK)
The Match group, which brings together all these dating services, hopes to raise nearly $ 100 million from the Nasdaq.
The Match group, which concentrates several dating services including Match.com, Meetic or Tinder, has just announced its upcoming IPO. Barry Diller, the boss of the parent company InterActiveCorp, aims to raise nearly $ 100 million on the occasion of this listing on the Nasdaq.
According to the document published on the site of the US stock market policeman, the SEC, the group announces that it generated nearly $ 888.3 million in revenue in 2014 (growth of 11%) and $ 483.8 million over the first six months of 2015. A turnover which mainly consists of subscriptions and other services paid by the members of its various dating sites. 85% of the income generated over the first six months of 2015 comes from this activity. The ratio was even 90% in 2014. Profitability has been there for a while now, with an adjusted EBITDA which was 273,448 euros in 2014.
59 million users worldwide, 4.7 million paying users
The group, which announces 59 million monthly active users via its various services, claims nearly 4.7 million paying as of September 30, 2015. A figure that will grow with the announced acquisition of Canadian Plentyoffish and its 90 million subscribers for $ 575 million. Especially since the group estimates that a total of more than 500 million people “are not engaged in a serious relationship in North America, Western Europe and other selected countries around the world”. A good audience base that will perhaps allow it to internationalize its turnover a little. 65% come from North America.
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In addition to its dating sites, the group also has a foothold in the education sector through its subsidiary The Princeton Review which offers various exam preparation, academic support and counseling services for college admissions.