Dating industry statistics executive dating service boston
Keeping these challenges in mind as well as the industry's growthlet's take a look at what analysts expect to see from online dating companies when they next report earnings.
Analysts provide estimates for various aspects of a company's operations, including its net income, earnings per share and revenue.
One factor behind the substantial growth among younger adults is their use of mobile dating apps.
About one-in-five 18- to 24-year olds (22%) now report using mobile dating apps; in 2013, only 5% reported doing so.
That is a substantial increase from the 43% of online daters who had actually progressed to the date stage when we first asked this question in 2005.
That could be assisting in the writing or telling them which photos will work best, among other things. Some of the most common lies happen when people are talking about their height, weight, lifestyle, age, and income more on those last two below.
More dating sites and apps are adding additional steps to the verification process to ensure users are who they say they are and to cut down on lying and fake profiles.
One way to circumvent this could be to do background checks, which a lot of dating sites already do.
Following the earnings report, Barclays downgraded the stock, and both JPMorgan and Merrill Lynch lowered their price targets.