(Online Dating Industry Journal) Jewish online dating service JDate saw a third straight quarter of revenue growth, according to First Quarter 2008 financial results released by Spark Networks. Spark Networks owns jDate and several other online dating services, including American Singles.
"JDate.com grew for the third straight quarter following last year's price increase and we continued JDate's international expansion with the launch of JDate.co.uk for the United Kingdom," said Adam Berger, Chairman and CEO of Spark Networks. "In addition, we accelerated our ad sales initiative, increasing advertising revenue 30% over the prior quarter.
"Our strategic and operating priorities for the next few quarters are to fuel JDate's growth through new product enhancements and further global expansion, examine additional marketing strategies to grow Other Affinity Networks, manage the General Market segment to attractive margins and cash flow, and leverage the increasing traction of our advertising offering to increase the contribution of ad sales to our total revenue."
It wasn't all good news for Spark Networks, however, as they saw an overall reduction in revenue, by 11%, for the entire company from First Quarter 2007. Revenue for First Quarter 2008 was $15 million.
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