euro adhoc: MatchNet plc / Quarterly or Semiannual Financial Statements / MatchNet® plc Reports Results for Second Quarter 2003 - Subscriptions Drive 143% Revenue Growth Over 2002 Period (E)

~
---------------------------------------------------------------------
Disclosure announcement transmitted by euro adhoc.
The issuer is responsible for the content of this announcement.
---------------------------------------------------------------------

~

LOS ANGELES, CA, 1. September 2003 - MatchNet plc (MHJG: Frankfurt
Stock Exchange - Prime Standard), one of the largest providers of
online personals worldwide, today reported results for the three and
six month periods ending June 30, 2003.

Total revenues for Q2 2003 were $8,725,666, an increase of 143%,
compared to $3,585,068 in Q2 2002. For the first half of 2003, total
revenues were $16,087,099, an increase of 106%, compared to
$7,800,731 for the first half of 2002. Revenue growth was primarily
a result of increases in membership due to increased marketing
efforts.

Operating expenses were $3,668,234 in Q2 2003, or 42% of revenues
compared to $2,155,200, or 60% of revenues in Q2 2002. For the first
half of 2003, operating expenses were $6,766,737 or 42% of revenues
compared to $4,263,362, or 55% of revenues in the first half of 2002.

EBITDA was ($237,654) in Q2 2003 compared to $65,160 in Q2 2002. For
the first half of 2003, EBITDA was ($137,814) compared to $1,158,327
for the first half of 2002. The decline is primarily due to higher
marketing expenditures aimed at increasing market share.

Net loss in Q2 2003 was $611,560 compared with net income of $54,353
in Q2 2002. The net loss for the quarter includes non-cash
depreciation and amortisation charges of $392,539 in Q2 2003 and
$222,470 in Q2 2002. Net loss for the first half of 2003 was
$1,393,873 compared to a net income of $970,288 in the first half of
2002.

MatchNet will host an analyst call to discuss its financial results
for the second quarter 2003 on Tuesday, September 2, 2003 at 16:30
MESZ. Access-informations are available on www.MatchNet.com.

According to Nielsen//NetRatings, MatchNet's combined online
personals properties had a unique audience from home and work of
nearly 4.4 million in June 2003, more than both Match.com with 4.3
million and Yahoo! Personals with 4.1 million.

About MatchNet plc:
MatchNet plc is one of the world’s largest providers of online dating
services. The MatchNet network includes AmericanSingles®.com,
FaceLink®.com, MatchNet.de, MatchNet.co.uk, and MatchNet.com.au. In
addition, the Company operates JDate®.com & JDate.co.il, the dominant
Jewish dating services worldwide; GlimpseTM.com, an online dating
community for relationship-minded gay men and women; and
CollegeLuv.com, an online destination for the college-age
demographic. MatchNet was incorporated in England in 1998. More
information is available at www.MatchNet.com

Further inquiry note:
Elmar Bob
Investor Relations
Tel: +49(0)69 74093788
FAX: +49 (0) 69 74093787
Email: [email protected]

end of announcement        euro adhoc 01.09.2003
---------------------------------------------------------------------

Emittent: MatchNet plc
          Arndtstrasse  51
          DE-60325 Frankfurt
Tel:      +49(0)69 74093788
FAX:      +49 (0) 69 74093787
Email:    [email protected]
WWW:      Http://www.matchnet.com
ISIN:     US5766601042
WKN:      930129
Indizes:  Classic All Share, Prime All Share, Prime Standard
Börsen:   regulated dealing Frankfurter Wertpapierbörse; free trade

Niedersächsische Börse zu Hannover, Berliner Wertpapierbörse,
Bayerische Börse, Hamburger Wertpapierbörse, Bremer Wertpapierbörse
(BWB), Börse Düsseldorf, Baden-Württembergische Wertpapierbörse
Branche: Online
Sprache: Englisch

OTS0011    2003-09-01/08:33

OTS-ORIGINALTEXT UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS | OTB

print