Match Meetic
The Match group, which brings together all these dating services, hopes to raise nearly $ 100 million from the Nasdaq.
Match.com operates some of the leading subscription-based online dating sites in 25 countries, in eight languages and spanning five continents, as well as oversees its ongoing investment in Meetic. Match.com also powers online dating on MSN across Asia, Australia, the United States and Latin America. Match.com is an operating business of IAC. © 2021 Meetic - A Meetic group site.
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
Match Meetic Billancourt
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.