LOV Stock Price Increased 18.72%: Why It Happened

By Amit Chowdhry ● March 30, 2021
  • The stock price of Spark Networks SE (NYSEAMERICAN: LOV) has increased by 18.72%. This is why it happened.

The stock price of leading online dating company Spark Networks SE (NYSEAMERICAN: LOV) has increased by 18.72%. Investors are responding to the company announcing today that it is going to deliver live streaming video to its largest brand Zoosk, via an agreement with ParshipMeet Group, a leading provider of interactive dating solutions. 

And Spark is going to leverage ParshipMeet Group’s Live video Platform as a Service (vPaaS) product, which powers some of the world’s largest live streaming video dating apps by monetizing user videos.

“We’re excited to bring an always on quality live streaming service to Zoosk users, allowing them to make new connections more informally, in a fun and interactive fashion and enticing them to come back to our platform often. This is an important step in our commitment to build the best social dating platforms for meaningful relationships to help people find true, long-lasting love.”

— Eric Eichmann, Spark Networks CEO

“We believe live streaming is a perfect fit with Zoosk’s global dating app and we are excited to add the company to our growing portfolio of vPaaS customers. Live video has proven it is the right product for these unprecedented times. Nearly 250,000 dating games now take place across our Live communities every day allowing members to connect, safely meet, and fall in love. Post-pandemic we expect video will still be the best filter for choosing who to meet – the richness of the interaction in Live allows members to learn more about each other and deepens connection. We look forward to working with the Zoosk team to bring this exciting product to their app.”

— Geoff Cook, CEO The Meet Group and GM Video ParshipMeet Group

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.