BUSINESS WIRE – Oct 30 – Meetic's Q3 revenue for the first nine months of 2013 increased by 2.7% to Eur 126.1M. The number of subscribers increased by 72,998 or 9.5% YOY to 840,801. Marketing expenses totaled Eur 62.0M, corresponding to 49.2% of revenue, compared with 47.4% a year ago. Net profit: Eur16.2M.
The full article was originally published at WSJ, but is no longer available.
BUSINESS WIRE – Oct 2 – Meetic is going to acquire the assets of e-Kontakt, one of the leading Nordic dating site owned by Intodate International AB. The site launched in 2005. Financial terms of the deal were not disclosed.
The full article was originally published at WSJ, but is no longer available.
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PR NEWSWIRE – Sep 25 – Match.com has acquired all remaining shares held by Marc Simoncini, Meetic's founder, which represent 6.7% of the capital. The average price was €29.5M (€18.75). Match now owns 87.5% of the capital and 88.6% of the voting rights of Meetic. Mr. Simoncini has resigned from Meetic's board of directors. Match intends to launch a voluntary simplified public tender offer for all of the outstanding shares of Meetic at a price of €18.75 per share.
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BANDT – Aug 1 – Meetic was founded in 2001, is headquartered in
France, and has 5M active users. Meetic’s digital marketing director
Pierric Duthoit shares some of Meetic’s history and plans for the
future.
Q: How many countries are you in now?
A: 16 countries, in 13 languages, with offices in London, Amsterdam, Madrid, Milan, Stockholm and Munich.
Q:
Meetic acquired the European operations of Match.com in 2009. In 2011,
IAC bought Meetic. How has that impacted on your business?
A: Match.com purchased an 81% capital share of Meetic. This partnership
resulted in one clear pan-European leader. It has brought us a lot of
new, fresh ideas.
Q: You must hold a lot of data about your customers. How do you use this data to enhance the customer experience?
A: We do not use members' data outside of our website. We have a
business intelligence department working on optimising the user
experience through algorithms based on users’ behaviour.
Q: You must always be after new leads. How do you acquire them?
A: We mainly use two major channels: offline and online. Both are
mandatory in our business and include TV, radio, print and billboards.
The flexibility and efficiency of online makes it a pure performance
channel for the acquisition of new members. We use all the classic
strategies like SEM, affiliation, display and partnerships.
Q: What makes Meetic different?
A: 10 years of experience. Being a leader forces you to invest in many services to stay on top.
Q: How have your digital and display strategies evolved?
A: Mobile is becoming a strong source of traffic for us. We have to be more efficient on mobile than on desktop.
BUSINESS WIRE – July 30 – H1 Revenue increased 2% to Eur 83.6M. Subscribers increased by 8% YOY to 811,065. Marketing expenses were Eur 41.2M, corresponding to 49% of revenue, compared with Eur 39M or 48% of revenue. EBITDA was Eur 16.8M compared with Eur 19.1M for the prior year period. Meetic net profit was Eur 10.9M, compared to Eur 11.9M for prior year period.
The full article was originally published at WSJ, but is no longer available.
BOURSORAMA – July 17 – Meetic has appointed Alexandre Lubot (previously CMO of Meetic since 2011) as its CEO. Former CEO Philippe Chainieux decided to focus on a new career path but will remain a member of the Board of Directors.
REUTERS – May 20 – Meetic has acquired the assets of Pastas Party, the leading French website for singles events. Created in 2007 by Héloïse Dion, Pastas Party has developed a range of singles events across France and runs a community of ~100K singles. In December 2012 Meetic launched a complementary offline event service – Meetic Soirées. Already ~ 300 Soirées have been organised. Héloïse Dion and her team will be responsible for creating Soirées in each European country covered by the Meetic group.
The full article was originally published at Reuters, but is no longer available.
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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.
PR NEWSWIRE – Apr 30 – Match.com Core, Meetic and Developing revenue increased to $113.8M, $55M and $20.1M, respectively, driven by increases in subscribers. Profits increased due to higher revenue, lower customer acquisition costs as a percentage of revenue and operating expense leverage.
The full article was originally published at WSJ, but is no longer available.
MY NEWSWEEK – Feb 28 – Meetic has signed an agreement for the acquisition of SprayDate, Swedish dating site owned by Keynote Media Group. SprayDate started 12 years ago and was the Swedish pioneer of online dating. The cost of the acquisition has not been disclosed. Philippe Chainieux, Meetic's CEO said in a statement: "The acquisition will consolidate Meetic Group's leading position in Sweden, where online dating service will be continued through the Match.com brand.
The full article was originally published at MyNewsDesk, but is no longer available.
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