PRESS RELEASE – May 12 – Meetic, the European leader in online
dating, has announces its consolidated results for the Q1 2010. The
revenue totalled 43.4M euros, up +37.6% compared to the Q1 2009. The
Meetic Group had 829,258 subscribers at 31st March 2010, compared to
844,360 at the end of December 2009, i.e. a decrease of -1.7%,
exclusively amongst Dating subscribers. Marc Simoncini, CEO of Meetic,
concludes: “This first quarter marks the completion of a transition
period that lasted almost a year, during which we have carried out the
integration of Match.com’s European activities. This integration has
now been achieved, the synergies recorded are in line with the Group’s
forecasts and the Group is now ready to pursue its profitable growth
strategy. FULL ARTICLE @ OPW
So, looking at the detail their like for like revenue is down, the number of subscribers is down, and they made a loss. No wonder they want to focus on matchmaking going forward.
So, looking at the detail their like for like revenue is down, the number of subscribers is down, and they made a loss. No wonder they want to focus on matchmaking going forward.