MARKETWIRE – Nov 13 – Revenue increased 25% YOY, to $15.9M, hitting its highest level in nineteen quarters and average paying subscribers grew 29%, to ~266K, setting another all-time high. Christian Networks segment powered that growth, with an 84% increase in revenue, driven by an 89% jump in average paying subscribers. Net loss was $1.7M, or $0.08 per share, compared to a net loss of $238,000 or $0.01 per share, in Q3 2011. During Q1 of 2012, Spark Networks changed its financial reporting to include data on two newly-defined operating segments. The two new segments are Christian Networks and Other Networks. Christian Networks consists of ChristianMingle.com, ChristianMingle.co.uk, ChristianMingle.com.au, Believe.com, ChristianCards.net, ChristianDating.com, DailyBibleVerse.com, and Faith.com. Other Networks consists of Spark.com and related other general market sites.
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