Online dating industry revenue

"But when you ask how many people logged on today..." And though Coffee Meets Bagel says its matches have resulted in 10,000 relationships and at least 80 engagements, success in love doesn't always equal money.

The company, which launched in April 2012, has raised .8 million.

The founders declined Mark Cuban's million offer to buy the firm when they appeared on Shark Tank in January.

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Users asked themselves, “Why pay .99 a month when I can create my own profile, view other user’s profiles, and chat directly with them?

The Internet has changed the way we get our news, watch television, read books and shop. In fact, online dating sites rank as the third most popular compared to other paid content sites that fill the Internet.

Not only are they profitable, in 2008, online dating sites were credited with helping set-up over 120,000 marriages. Unknown to many, these sites typically generate more revenue than online pornography, despite the discovery of occasional scandals.

Digital music and video games are the first and second most popular paid sites.

Revenue projections show online dating sites continuing to grow.

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