- 30.08.2005, 17:56:21
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- OTE0008
euro adhoc: Spark Networks plc / Financial Figures/Balance Sheet / SPARK NETWORKS REPORTS SECOND QUARTER 2005 FINANCIAL RESULTS (E)
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Disclosure announcement transmitted by euro adhoc.
The issuer is responsible for the content of this announcement.
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30.08.2005
- JDate Revenue Grows 9% to $6.2 Million with 89% Contribution Margin in Q2 ’05
- Completes Acquisition of MingleMatch™, Inc.
- EBITDA Profit for Third Consecutive Quarter
- Launches Websites on New Technology Platform
BEVERLY HILLS, Calif., August 30, 2005 - Spark Networks plc, a leading provider
of online personals services, today reported second quarter 2005 financial
results.
Among the highlights of the company’s quarter was the acquisition of
MingleMatch, Inc. The MingleMatch portfolio of websites reflects a cross-section
of religious, ethnic, special interest and geographically targeted communities.
The MingleMatch acquisition added ChristianMingle®, BlackSingles Connection™ and
LDS Mingle™, among others, to the existing portfolio of websites.
In addition, the company continued the development of its previously-announced
new technology platform. The company expects to enable it to more rapidly
develop new capabilities and enhance its ability to efficiently scale its
websites.
Financial Results
EBITDA for the second quarter of 2005 was USD 368.000, compared to an EBITDA
loss of USD 3,1 million in the same period last year. EBITDA for the six months
ended June 30, 2005 was USD 3,4 million, compared to an EBITDA loss of USD 5,2
million, for the six months ended June 30, 2004.
Revenue for the second quarter of 2005 was USD 15,5 million, a decrease of 2%,
compared to USD 15,8 million, from the same period last year. Revenue for the
six months ended June 30, 2005 was USD 32,0 million, an increase of 4%, compared
to USD 30,9 million, for the six months ended June 30, 2004.
The company reported a net loss of USD 859.000 for the second quarter of 2005,
compared to a net loss of USD 4,1 million in the same period last year. For the
six months ended June 30, 2005, the company reported net income of USD 1,1
million compared to a net loss of USD 7,1 million for the six months ended June
30, 2004.
Average paying subscribers for the company in the second quarter of 2005 totaled
approximately 215.600, a decrease of 6%, compared to 228.400, from the same
period last year. For the six months ended June 30, 2005, average paying
subscribers totaled 219.200, an increase of 1%, compared to 217.900, for the six
months ended June 30, 2004.
Direct subscriber acquisition cost for the company in the second quarter of 2005
was USD 31,11, a decrease of 23%, compared to USD 40,53, from the same period
last year. For the six months ended June 30, 2005, SAC totaled USD 27,35, a
decrease of 20%, compared to USD 34,13, for the six months ended June 30, 2004.
Investor conference call
The company will discuss its financial results during a live teleconference
today at 9:30 a.m. Pacific time (US & Canada) and 6:30 p.m. Frankfurt time.
Call Title: Spark Networks plc 2nd Quarter 2005 Results
International: +1-973-409-9260
About Spark Networks plc:
Spark Networks plc’s Global Depositary Shares trade on the Frankfurt Stock
Exchange (FSE) under the symbol "MHJG". The Spark Networks portfolio of
consumer websites includes, among others, JDate.com (www.jdate.com),
AmericanSingles.com, BBWPersonalsPlus™.com, BlackSinglesConnection.com,
ChristianMingle.com, CollegeLuv.com, Cupid.co.il, Date.ca®, Glimpse.com,
JDate.co.il, and LDSMingle.com. The company was formed in England in 1998.
Further inquiry note:
Elmar Bob
Tel.: +49 (69) 74 09 37 88
Fax: +49 (69) 74 09 37 87
E-Mail: elmar@spark.net
Guido Pickert
end of announcement euro adhoc 30.08.2005 17:20:00
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emitter: Spark Networks plc
Arndtstrasse 51
D-60325 Frankfurt
phone: +49(0)69 74093788
FAX: +49 (0) 69 74093787
mail: elmar@spark.com
WWW: http://www.spark.net
ISIN: US8465131097
indexes:
stockmarkets:
sector: Electronic Commerce
language: English
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