STREET INSIDER – Apr 7 – "In Q1 our average subscriber base declined by 0.2% compared to last quarter, with our average Jewish Networks subscribers down 1.1% and our average Christian Network subscribers up 0.2%. Our quarterly average MAUs on mobile applications reached 337,952, growing 6.2% relative to Q4, with our strongest performance coming from our Christian brands," stated Michael Egan. The Spark's Board also authorized an increase in the availability under its existing stock repurchase plan to $5.0M, up from $2.6M at the end of 2015.
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“Strongest performance” is a pretty generous statement for a business that can’t grow in the strongest quarter of the year for online dating.
“Strongest performance” is a pretty generous statement for a business that can’t grow in the strongest quarter of the year for online dating.
How much did the Spark ARPU decline? They didn’t mention that part… I guess since ARPU was down so much it makes sense to annouce it. Also they didn’t spend the $2.6 to buy back stock so why did they increase it to $5.0? Optics…? Egan has a better chance of growing the hair on his head than he does of growing Spark. Dead business with an outdated model.
How much did the Spark ARPU decline? They didn’t mention that part… I guess since ARPU was down so much it makes sense to annouce it. Also they didn’t spend the $2.6 to buy back stock so why did they increase it to $5.0? Optics…? Egan has a better chance of growing the hair on his head than he does of growing Spark. Dead business with an outdated model.