THE NEXT WEB – May 2 – Meetic posted a net profit of 3.4M euros for the Q1 '12, compared to a net loss of 3.2M euros for the same period last year. In Q1'12, Meetic lost 13% of subscribers, driving revenues for the period down to 41.2M euros compared to 46.2M euros in Q1 '11. Meetic significantly lowered its marketing expenses, from 79% of revenue in Q1 2011 to 58% of revenue in the first quarter of this year.
Category: Meetic
Meetic: 2011 Annual Results
4TRADERS – Feb 2 – Meetic's 2011 consolidated annual revenue was 178.3M Eur, down 4.2% YOY. Q4 2011 revenue was 42.1M Eur. The Group had 762,099 subscribers on 31st December 2011, compared to 858,197 subscribers on 31st December 2010. Monthly ARPU (Average Revenue Per User) was 17.2 Eur in 2011 (18.9M Eur in 2010).
Match.com Reports Q3 Results
PR NEWSWIRE – Nov 4 - Core revenue increased 15% to $102.5M driven by increases in subscribers. Developing revenue increased 8% to $18.7M primarily due to revenue from OkCupid. Core and Developing revenue collectively increased by 14% to $121.2M. Meetic had revenue of $11.1M which was negatively impacted by the write-off of $9.6M of deferred revenue in connection with its acquisition.
Match Core consists of Match.com in the US, Chemistry.com and People Media. Match Developing consists of OkCupid, Singlesnet, mobile-only products and non-Meetic international operations.
The full article was originally published at MarketWatch, but is no longer available.
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Meetic Q3 2011 Results
PRESS RELEASE – Nov 3 - The Meetic Group's consolidated revenue for the first 9 months of the year is 136.2M Eur, 1.1% decrease YOY. The Group has a total of 797,093 subscribers, compared to 844,435 at 30th June 2011.
Gregory Blatt appointed Chairman, Philippe Chainieux CEO of Meetic
4TRADERS – Sep 30 – Meetic today announces changes in the composition of its Board of Directors. Gregory R. Blatt, CEO of the IAC group, Meetic's majority shareholder, has been appointed Chairman of the Board of Directors, thus replacing Marc Simoncini, who remains a member of the Board. At the same time, Philippe Chainieux was promoted to CEO of Meetic and becomes a member of the Board.
An Interview with Director of Meetic France
01AMOUR – September 6 – Pierric Duthoit is the Director of Meetic France. He co-founded and directed the Womanjournal.ru site, a Women's Web Portal in Russia.
Q: What do you think about the acquisition of Meetic by Match ?
A: It is good news for us and for the Americans, with the pooling of expertise in a market with many players.
Q: In which international markets does Meetic operate?
A: Meetic is active in 16 countries in Europe and available in 13 different languages.
Q: Can you talk about Meetic Affinity compared to the older Meetic?
A: Members of Meetic Affinity complete a questionnaire that will help them understand themselves better and to get to know other members.
Q: What about competition with SmartDate, Badoo, Facebook, Zoosk?
A: Badoo speaks of "network meeting". Facebook is not in the category of"dating". Zoosk and Smartdate tend to expand the category, which is more beneficial for us as the leader in this market.
Q: Will Meetic search to consolidate its position in other markets?
A: We always want to consolidate and improve our positions.
Q: How do you see the market of dating and matchmaking in 10 years?
A: Dating will be even more mobile.
See full article at 01Amour (in French)
IAC Wins Control of Meetic
REUTERS – Aug 19 – IAC/InterActiveCorp has won control of French dating site Meetic, boosting its stake to 77.6%, after most shareholders agreed to IAC's 15 euros per share offer price. IAC, through two arms of its Match.com unit, had gained 73.7% of voting shares and 77.6% of Meetic's capital. Match.com has said it did not plan to delist Meetic after completion of the offer, which expired on Tuesday and valued the French company at 347M euros ($489M).
by Christian Plumb
See full article at Reuters
Mark Brooks: If you can't beat 'em join 'em. Match's European business was folded under Meetic's wing in June 2009 when Meetic swapped 27% of its share's and 5 million Euro for Match Europe. That was the first step in Match acquiring Meetic.
Meetic First Half 2011 Results
PRESS RELEASE – July 27 - Revenue for the first half of 2011 totalled Eur92.4M, up +1.1% compared to the same period of 2010. The total amount of money invested in advertising over the Q2 was thus Eur21.7M, compared to Eur36.5M the previous quarter. The client acquisition cost was thus Eur86.35 versus Eur72.10 over the same period of 2010. Subscriber numbers: a total of 844,435 subscribers at 30th June 2011, versus 872,047 subscribers at 31st March 2011. This decrease in the number of subscribers is due to the reduction in marketing spendings over the Q2 2011.
IAC Offers to Buy Out Remainder of Meetic for 15 Euros/Share
REUTERS – May 30 – InterActiveCorp's Match.com unit offered to buy all of the outstanding shares of Meetic for 15 euros a share. Match.com already owns 27% of the French online dating service. Meetic is valued at 347 million euros, or $497 million. The offer is 7.3 times EV/EBITDA, with a PE ration of 13.9. Match has no plans to delist Meetic.
Meetic Has Posted Q1 2011 Financial Results
BUSINESSWIRE – May 11 – European dating site, Meetic, has announced its earnings for Q1 2011. The company saw total revenues increase 6.5% from Q1 2010, from 43.4 million euros to 46.2 million euros. Internet revenues accounted for 97% of Meetic's revenue, posting a 7% gain from Q1 2010, while mobile revenues accounted for only 2% of revenues, posting a 14.8% decline in the same period.