OKCupid is a free online dating website headquartered in New York, New York.

annual revenue from the online dating industry-11

Online Dating Services Posted Record Revenues for 2002 Knight Ridder Tribune Business News Feb 1, 2003 By: Marguerite Higgins “ A so-called "recession-proof" industry hit record numbers last year, the online dating industry.

The online portion of the dating services industry makes up a third of the total revenues with $304 million in 2002.

Researchers tell us about one-third of new marriages in the U. The Converg Ex folks, using data from statisticbrain.com, note the average courtship time for “off-line,” traditional dating ahead of a marriage runs around 42 months – or two years longer than the 18.5-month, average dating-to-marriage cycle for people who meet online. Related: The Economics Of Valentine's Day: The Money Behind The Love “At a conservative estimate of one date per week and a cost of $130 per date – $100 for a meal and drinks at a nice restaurant, plus $30 for two movie tickets and popcorn – the dating phase prior to an offline marriage runs up a $23,660 tab,” Converg Ex said.

“The average dating site customer spends just $239 a year for online memberships, which more than pays for itself to the tune of $12,803 in cost savings from fewer dates,” they continued.

Back then, not everyone acknowledged the benefits of this activity, which was perceived as a rather impersonal way of finding love.

In recent years, a new generation of tech savvy individuals has emerged, which regularly uses devices to keep in touch with their friends and relatives, as well as for access to online dating sites or apps.

The online dating and matchmaking industry grew 2.3 percent between 20, with 2.8 percent more growth expected annually through 2016, according to IBISWorld.

The number of people employed in the field is expected to increase from 15,606 in 2011 to nearly 17,000 by 2016.

The target demographic for these services are the 83 million Americans that are between 19 and 45 and single.