MARKETWIRED – Mar 3 – Q4 '15 revenue was $10.7M, a YOY decrease of 25%, primarily driven by a decrease in average paying subscribers. Q4 '15 adjusted EBITDA was $116K, a decrease from $4.1M in the year ago period and $309K in the prior quarter. For the full year 2015, total revenue was $48.1M, a YOY decrease of 22%. In 2015 Spark Networks strenghtened mobile portfolio and extended reach into millennial demo through acquisition of JSwipe for $6M and launch of dating app CrossPaths.
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Summarized by the Courtland Brooks team