European online dating revenues are soaring, according to a new report by JupiterResearch, titled, "Online Dating in Europe, 2006: Strong Growth Continues Across the Region."

The report reveals that online dating revenues in Europe will grow 43% from €160 million in 2005 to €228 million in 2006. The U.K. is the largest online dating market in Europe, with total revenues expected to reach €63 million in 2006—representing 28% of the European market. Although the online dating market in Europe is smaller than that in the U.S., industry revenues in Europe are growing more than seven times faster. Currently just 4% of European Internet users say they use online dating sites, compared to 20% in the U.S.

"It's not surprising that the growth is so strong in Europe," says Joe Tracy, publisher of Online Dating Magazine. "There's a lot of room to grow and the practice is starting to become more widely accepted there."