PRESS RELEASE – Mar 21 – Spark Networks Q4 revenue was $7.7M, a YOY decrease of 28%. Q4 2016 net loss was $3.7M. For the full year 2016, total revenue was $35M, a decrease of 27% compared to the year ago period. The YOY decrease was primarily driven by 10.3% and 13.4% decreases in average paying subscribers for the Jewish and Christian Networks segments, respectively. CEO Danny Rosenthal commented: "We expect 2017 will be a transformational year for Spark. Our priorities are clear: operating profitably, relaunching our technology platform and driving future growth through effective marketing investments. Importantly, we are on track to deliver our new technology platform and re-launch JDate in Q2 and Christian Mingle in Q3."
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Summarized by the Courtland Brooks team