Dating.com Group, the recently-formed umbrella to brands including Lovinga, Tubit, Dating.com and TripTogether, has unveiled some of its plans for the new year.
The company will look to expand in Asian markets from 2020, putting new acquisition Dil Mil to use.
Announced last month, the purchase valued the South Asian-targeted app at up to $50 million.
Jev Golinejs, Dating.com Group CLO, said: “The deal with Dil Mil has increased the revenues of Dating.com Group to up to $250 million and will make it one of the three largest groups by revenue globally.
“We believe that there is still tremendous room for growth and plan to expand our influence in the Asian market by bringing out expertise to other niche dating apps.”
Alexandr Sityakov, Dating.com Group CFO, added: “We achieved great results in 2019 in Asia and the U.S., which are our key markets. Looking forward, we plan to strengthen our influence in the Asian market due to the consolidation with local players.
“We see huge growth potential there – the online dating market is worth $426 million in Asia and is expected to grow significantly.”
The formal launch of Dating.com Group came in October, following the merger of SDVentures and SOL Holdings.
The firm, headquartered in Malta, boasts more than 70 million registrations across its properties.
Dating.com Group appeared as a sponsor at the GDI Singapore Dating Conference 2019. Their session featured a helicopter take on the future of the romance industry.
Read more here.