Spark dating service
Today, it lists itself in the App Store’s “Social Networking” category instead of “Lifestyle,” where Tinder, Bumble, Hinge and others rank, in an effort to gain more visibility.According to data from Sensor Tower, Zoosk has generated worldwide in-app revenue of 0 million and has seen 38 million downloads since January 2014.Spark Networks SE is a global dating company with a portfolio of brands designed for singles seeking serious relationships.These online dating brands include Zoosk, Elite Singles, Jdate, Christian Mingle, e Darling, JSwipe and Attractive World.Half of those downloads (19 million) are from the U.S., which also accounts for 5 million (66%) of the revenue.Spark Networks SE was formed by the merger of Affinitas Gmb H and Spark Networks Inc. It’s listed on the NYSE under “LOV,” and is headquartered in Berlin, with offices in New York, Utah and San Francisco.Its full list of dating app brands tends to be more faith-focused or targets particular niches.
“I have been very impressed by Jeronimo and his team during this process and I am very confident in their ability to execute the integration plan we prepared together, and make the new combined company even more successful, driving substantial value creation for all shareholders over the next 12 to 18 months,” said Mc Arthur.Spark says it will issue 12,980,000 American Depositary Shares (ADS) to former Zoosk shareholders valued at 3 million based on the closing price of Spark ADS of .78 on June 28, 2019.The deal also provides for cash consideration of 5 million, subject to adjustment, which will be funded by a new 5 million senior secured credit facility, the company says in a release. Following the closing of the merger, Spark has 2,601,037 ordinary shares issued and outstanding underlying 26,010,365 ADS, with former Zoosk shareholders collectively owning 49.9% of the combined company.Christian Mingle has over 9 million registered members.Designed for educated professionals seeking committed, long-term relationships, Elite Singles was launched in 2013 and operates in over 25 countries.
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Bumble’s owner in June said it was revamping its structure with the creation of Magic Lab, a holding company that includes its dating apps Bumble, Badoo, Chappy and Lumen.