By operating as a group, the company can maintain a stable income across its variety of products.
While some may generate less income like Tinder, they’re still important for driving sector innovation.
In the last year alone, Venntro Media Group has seen 200 per cent revenue growth in the US.
What’s more, an increasing number of businesses are looking to get a slice of the pie.
The core benefit is that this reduces built-in churn and acquisition costs.
In fact, the propensity to subscribe increases by 33 per cent when a customer is a member of more than one site within our portfolio.
It’s no secret that consumer retention is limited and difficult to sustain, thus having an impact on growth and revenue.Most of the company would continue to be owned by current parent IAC/Inter Active Corp (IACI), via a triple-class stock structure. Ross Williams, founder and CEO of online dating company Venntro Media Group, explains what’s next for online dating businesses as the sector reaches maturity as Tinder parent Match Group plans an IPO.If a consumer is looking for a casual dating experience, they might visit Tinder or Jiko.If they’re after a low cost easy-going dating site, they might try Plenty Of or