Cupid on target; looking to add more strings to bow
Customers in Europe and the US are all loved up, thanks to the expansion to those territories of online dating service Cupid.
Customers in Europe and the US are all loved up, thanks to the expansion to those territories of online dating service Cupid.
The group said it has has seen rapid growth in the popularity of its products, in particular within the new markets of the US and Europe, and is consequently confident that it will meet current full year market expectations.
The firm is, appropriately, giving the eye to a number of potential partners as it seeks to add more strings to its bow but these acquisition opportunities are still in the courtship stage.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"The online dating space globally remains a growing market in which to do business with the increasing prevalence of smartphones and social networking sites offering new ways to interact socially. Cupid is already investing in the creation of some exciting new products to enhance its presence in this social and mobile environment. We will update further on this in Q4 [fourth quarter] 2012."
The share price rose 0.75% to 201.50p by 12:51.
NR
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Will a Santa Rally bring festive cheer to investor portfolios this year?
Investors will be hoping for a seasonal stock market boost in December
By Marc Shoffman Published
-
ChatGPT turns two: how has it impacted markets?
Two years on from ChatGPT’s explosive launch into the public sphere, we assess the impact that it has had on stock markets and the world of technology
By Dan McEvoy Published