Dating industry stats

Breaking someone’s heart at the start of the new calendar year is the stuff of a lousy rom-com starring Katherine Heigl or Cameron Diaz.

But it’s a real phenomenon that the online dating industry has come to rely on.

According to Mc Dermott, earnings for the first quarter of that year amounted to .9 million; profits were .1 million in 2002 versus .7 million in 2001.

Since the start of the new millennium the online dating industy grew rapidly from year to year. In 2004, however, those high numbers began to drop. Vice President of romance for Match.com, Trish Mc Dermott, reported a 154% growth in revenue, from .3 million in 2001 to 5.2 million in 2002.

The dating industry is comprised of matchmakers, newspaper and magazine personal ads, telephone chat lines, singles bars, nightclubs geared toward singles, speed dating organizations and internet dating services.

Internet dating services began to take shape with the advent of the first major player in the online industry, in 1995.

Online dating is now a part of everyday life for millions of people.

It is the largest single way in which relationships start in the UK today.

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