Most of you would’ve never heard about the dating app Lovoo because it is a German dating app basically. It is mostly used in the countries, such as Germany, Switzerland and Austria. This app is the number one dating app in terms of app store downloads, in these three countries. In South Europe, it is in the list of the top 3 of the dating apps, in the Italy, Spain and France.

Lovoo is Acquired Now

This dating app is now acquired by The Meet Group, which already owns a lot of other dating properties. The $70 million price was paid in cash, inclusive of a $5 million contingent earn-out. It has been announced by The Meet Group that Lovoo has a revenue of $32.4 million. The total revenue is made by, “48% of the subscriptions, 24% of the In-app Purchases and 28% of the Ads”. The Lovoo app has 5 million active users on a monthly basis. Total 47,000 registrations are done globally on a daily basis. Whereas, 97 full time employees are spread across Dresden and Berlin.

**Geoff Cook, The Meet Group CEO**

“We are very excited to expand our global footprint and add LOVOO to our portfolio of apps. LOVOO is our third strategic acquisition in the last 12 months and will represent our largest single app in terms of traffic. We are focused on accelerating growth across our portfolio of brands through innovating our live-streaming video product and sharing best practices in monetization and engagement across the portfolio.” The Meet Group’s portfolio of apps includes MeetMe, Skout, Tagged, and Hi5.