OPW – Nov 9 – Meetic, the European online dating leader, released its results for the Q3 '10. The revenue was €46.3M down 2.2% compared to Q3 '09. Meetic had 869,000 subscribers at the end of Sep compared to 858,000 at the end of June, an increase of 11,000 subscribers over the prior quarter. Marketing investments totalled €23.3M in Q3 which represents 50.3% of revenues. Total marketing investments since the start of the year stand at €79.3M, or 58% of revenues over that period. Meetic has been penalised in its growth by competitive pressure from new competitors on the Matchmaking segment in Germany who have massively invested on their main market. Meetic will reassess its German market strategy. For more details, download Meetic Financials PDF or visit the link on the side bar under 'FINANCIALS'.
