euro adhoc: MatchNet plc / Quarterly or Semiannual Financial Statements / MatchNet® plc Reports Third Quarter 2003 Results (E)

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LOS ANGELES, 19.11.2003 - MatchNet plc (MHJG: Frankfurt Stock Exchange - Prime Standard), one of the largest providers of online personals worldwide, today reported results for the three and nine month periods ending September 30, 2003.
Revenues for third quarter 2003 were USD 9,27 Mio. compared to USD 3,50 Mio. in Q3 2002. The growth in revenue is attributed to an increase in total subscribers, to actually 134.189. Gross profit increased to USD 8,41 Mio. compared to USD 3,09 Mio. in the third quarter 2002. Marketing expenses increased to USD 3,75 Mio. compared to USD 0,86 Mio. in Q3 2002. Operating expenses were USD 6,75 Mio. or 73% of revenues compared to USD 2,02 Mio. in 2002. This increase is primarily a result of one time, non-cash charges of USD 1,78 Mio. taken during Q3 2003. Net loss in the third quarter 2003 was USD 2,53 Mio., compared to a net income of USD 0,45 Mio. in the same period of 2002, primarily due to heavy investment in market share and the one-time charges discussed above.
For the nine months ending September 30, 2003, total revenues were USD 25,36 Mio. (2002: USD 11,30 Mio.) Gross profit increased to USD 23,27 Mio. from USD 10,28 Mio. in the same period last year. Marketing expenses increased to USD 11,98 Mio. (2002: USD 2,64 Mio.), operating expenses increased to USD 13,51 Mio. (2002: USD 6,31 Mio.). Net loss was USD 3,93 Mio. compared with net income of USD 1,39 Mio. in the first nine months of 2002.
Conference Call:
MatchNet will host an analyst call to discuss its financial results for the third quarter 2003 on Thursday, November 20, 2003 at 7:00 a.m. Pacific Time (US & Canada), 3:00 p.m. London and 4:00 p.m. Frankfurt time. Please contact us for access details.
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,,, and In addition, the Company operates JDate®.com &, the dominant Jewish dating services worldwide;, an online dating community for relationship-minded gay men and women; and, an online destination for the college-age demographic. MatchNet was incorporated in England in 1998. More information is available at

Further inquiry note:
Elmar Bob
+ 49 69 74 09 37 88
Tel: +49(0)69 74093788
FAX: +49 (0) 69 74093787

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

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