OPW – Dec 29 – Mark Brooks will be interviewing Michael Egan, CEO of Spark Networks at Internet Dating Conference (iDate), taking place in January 25-27, 2016 in Miami. Check out the agenda. It is coming along very nicely. Kelly Steckelberg, CEO of Zoosk, will speak on “Opportunities in the Online Dating Industry”; and Takuya Iwamoto from Diverse will speak about the Japanese mobile & online dating market.
Category: SparkNetworks
A Major Shareholder At Spark Networks Is Buying Shares
ANALYSTRATINGS – Dec 28 – A major shareholder at Spark Networks, Lloyd I. Miller, bought shares of LOV for $820.6K. Lloyd I. Miller increased his holding by 8.04%. Over the last month, Lloyd I. Miller has reported 6 Buy trades on LOV for a total of $162.5K.
by George Macdonald
See full article at AnalystRatings
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This post also appear on InternetDatingInvestments.
ChristianMingle Got A Makeover
MARKETWIRED – Dec 18 – ChristianMingle has been completely redesigned to debut a sleek new appearance and all-new logo. This makeover is a landmark moment for Spark Networks, the owner of ChristianMingle. In early 2015, the company set out to return to profitability and rebuild this flagship brand.
Spark Networks Paid $7M For JSwipe
SEEKING ALPHA – Dec 14 – Spark Networks paid $7M for a Jewish dating app JSwipe to boost its younger demographic in the Jewish Networks segment. JSwipe has ~450K users. Spark Networks pursued a patent infringement claim against then-competitor JSwipe in 2014. What started as a lawsuit ultimately ended in a key acquisition for Spark Networks.
See full article at SeekingAlpha
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Lloyd Miller Now Holds 10.29% Of Spark Networks’ Shares
FINANCIAL MAGAZINE – Dec 9 – Lloyd Miller is an insider in Spark Networks who is the latest to acquire shares in the corporation for which he is the current major shareholder. Lloyd has 2.66M shares right now (10.29% of Spark Networks' Market Cap). Osmium Partners holds 11.2%.
by Sally Goff
The full article was originally published at Financial Magazine, but is no longer available.
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This post also appears on InternetDatingInvestments.
JDate And ChristianMingle Get Makeovers
MARKETWIRED – Nov 18 – Spark Networks' JDate and ChristianMingle have both been redesigned to debut sleek new appearances, improve back-end platforms, and provide easier-to-use functionality.
Spark Networks Q3 Financial Results – Revenue Down 22%
MARKETWIRED – Nov 11 – Q3 revenue was $11.7M, a YOY decrease of 22%, and a 5% decrease from the prior quarter. The YOY decrease was primarily driven by a decrease in average paying subscribers. Direct marketing expenses were $4.4M, down 27% YOY. Net loss was $(822K). Subscribers grew 0.5%. In October, Spark Networks bought Smooch Labs, the developer of JSwipe, the popular Jewish millennial dating app. Spark Networks hopes to monetize the app soon.
The full article was originally published at Spark Networks website, but is no longer available.
Gregory Franchina Unloaded 72K Stock Of Spark Networks
FINANCIAL MAGAZINE – Oct 15 – Chief Information Officer of Spark Networks, Mr. Gregory Franchina, sold 72,079 shares, totalling $247,959. He also sold 84,824 shares valued at $275,729 in the last 30 days. Since March 16, 2015, the stock had 0 insider buys, and 7 selling transactions for $332,013 net activity.
by Sally Goff
The full article was originally published at Financial Magazine, but is no longer available.
Spark Networks Sued JSwipe First, Now It Is Buying It
MARKETWIRED – Oct 14 – Spark Networks, owner of JDate.com, is acquiring Smooch Labs, the owner of a millennial Jewish dating app – JSwipe. JSwipe now boasts ~450K downloads worldwide and ~40M messages between users. It plans to offer premium, paid features. The purchase price will be recorded in Spark's Q4 2015 financial statements. The founders of Smooch will join Spark Networks as a subsidiary of the company and will continue to play an active role in managing the JSwipe product.
See full article at Marketwired
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This post also appears on InternetDatingInvestments.
The Number Of Spark Networks’s Paid Subscribers Is Slowly Growing
MARKETWIRE – Oct 2 – Jewish networks subscribers grew 1.8% (64,144) compared to Q2 2015. Christian networks subscribers grew 0.4% to 122,068. SparkNetworks is also introducing a new operating metric – period ending subscribers.
The full article was originally published at Spark.net, but is no longer available.