BUSINESS WIRE – May 2 – Meetic bumped up its paid userbase by an impressive 124,000 new paying members but revenues held steady (Year over Year) at 41m Euros for the quarter. Meanwhile, EBITDA was down 21% to 4m Euros. Marketing expenses were 59% of revenues. These numbers exclude revenues from Massive Media / Twoo.com which you may recall they acquired December 2012. (Twoo added 2.1m Euros in revenues for the quarter). Meetic has ~47m Euros cash. IAC owns 81% of Meetic.
The full article was originally published at WSJ, but is no longer available.
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