From 2010 to 2015, revenue expanded at an annual rate of 5%.

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At the end of 2016, Nasdaq estimated that revenue totaled $1.6 billion in China.

Clearly, online dating is very lucrative, and as more dating sites launch and more people put off marriage, we expect revenue to continue growing at a steady pace.

It’s also estimated that there are nearly 8,000 dating sites worldwide.

These include everything from Match, the first dating site ever, to Bristlr, a dating site for beard lovers that was founded in 2014.

However, most dating sites and apps are 100% free to create a profile, upload photos, search for matches, receive matches, flirt (e.g., virtual winks), and communicate.

So singles really don’t have to pay to date online or via their smartphone.

On the other side of that coin, Pew also found that online dating still has some stigma surrounding it — at least for some people.

Approximately, 29% of those surveyed in 2005 agreed with the statement “People who use online dating sites are desperate.” In 2005, that number had shrunk to 23%.

As with most new things, people were skeptical about online dating when it first came out, but now it’s as normal as getting set up on a blind date or meeting someone at a bar.

We suspect it’ll only become more commonplace, eventually replacing some of the traditional meeting avenues completely.

A survey by Statista, an online statistics, market research and business intelligence portal, revealed that 24% of people use dating sites to find hookups, 43% to find friends, and 84% to find relationships.