PRNewswire — Jan 10 — MatchNet plc (AmericanSingles, JDate) today announced that the company has changed its corporate name to Spark Networks plc, effective today. It expects the Spark Networks name to more sharply distinguish the company in the marketplace. The company also said that it has launched a new corporate Web site at www.spark-networks.com.
Category: MatchNet
MatchNet Reports Third Quarter 2004 Results
YAHOO FINANCE — Revenue Up 74% From Prior Year. New Hires Include CFO, CTO, General Counsel and Product Director. Revenue in Q3 2004 was $17.1 million, an increase of 8% compared to $15.8 million for Q2 2004. Net loss of $3 million. Membership increased 3% to 10.1 million from 9.8 million Q2 2004 end. Compared to the same period last year active members increased 19%. Average revenue per subscriber was $75 and average subscriber acquisition cost was $41.
MatchNet Withdraws Plans for IPO
BEVERLY HILLS, Calif., Aug. 12 /PRNewswire/ — MatchNet has withdrawn plans for it’s U.S. IPO citing a faltering market for Internet-related IPOs. It will reconsider an offering next year. Todd Tappin, president and CEO, has resigned, but will remain on the company’s board of directors. The company announced the appointment of David Siminoff (Stanford MBA), who has served on MatchNet’s board since February, as its new CEO. …will focus on the core business and put in place a cost reduction initiative and eliminate about 40 full-time or temporary positions, effective immediately.