(Online Dating Industry Journal) Spark Networks plc recently announced its 2006 first quarter results, reporting an EBITDAS profit of $3.4 million and a debt payoff of $5 million for the acquisition of MingleMatch last year.
Spark Networks admittedly reduced its AmericanSingles marketing by 34% toward the end of 2005 and annual revenue decreased as a result. First quarter 2006 revenue for Spark's AmericanSingles segment was reported at $6.3 million, a decrease of 22% compared to $8.1 million in the same period in 2005.
Spark's "Other Businesses" segment 2006 revenue showed an increase of 75% with $3.5 million, compared to $2.0 million in the same period in 2005. According to Spark Networks, the increase in revenue was primarily driven by the acquisition of MingleMatch in the second quarter of 2005, and strong growth from the websites associated with the acquisition.
The results list average paying subscribers for:
- the JDate segment at 79,500 during the first quarter of 2006, an increase of 13%
- the AmericanSingles segment at 98,800, a decrease of 19%
- the Other Businesses segment at 66,000, an increase of 116%
For full details read the release here.
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