PR NEWSWIRE – Spark Networks announced that female engagement is growing on Zoosk, Spark's largest dating app. Female engagement continues to be a leading indicator of a healthier and more productive dating platform. An updated matching algorithm and a revamped first-time user experience have driven double-digit growth in female paid subscribers, female subscriber conversions, and positive response rates to matches. Additionally, there has been a 10% increase in daily active users who are female and a sizable uptick in female first-day retention.
Category: SparkNetworks
Spark Networks Q1 Results
PR NEWSWIRE – Revenue was $52.4M (-7%YOY), compared to $56.4M in Q1 2021. On a constant currency basis, revenue would have been $54.6M, down 3% YOY. Net Loss was $5.3M, compared to $6.5M in Q1 2021. Adjusted EBITDA was $3.5M, compared to $5.1M in Q1 2021. Zoosk's new subscribers grew 15% YOY, following the ramp-up in marketing spend. Spark expects full-year 2022 revenue to grow mid to high single-digits year over year.
Spark Networks Announces the Appointment of Ken Chin as Chief Product Officer
CNW – Chin is an accomplished leader with over 20 years' experience in product leadership for online marketplaces (eBay and SeekAsia) and e-commerce (FarFetch). As a group product manager at eBay, he was critical in driving a merger between eBay's EU Retail Promotions Platform with the global platform, and crucial in driving corporate innovation at BCG Digital Ventures.
Spark Networks Reports Q4 and Full Year 2021 Financial Results
PR NEWSWIRE –
Q4 2021 Financial Results
- Revenue was $52M, compared to $58.1M in the 2020 Q4.
- Net Loss was $9.9M, compared to $45.1M in the 2020 Q4.
Full Year 2021 Financial Results
- Revenue was $216.9M, compared to $233M in 2020.
- Net Loss was $68.2M, compared to $46.6M in 2020.
Spark properties generated ~4M daily page views and a total free and paid user base of ~40M people in 2021. Spark averaged 875K paid subscribers during 2021. The company intends to invest $110M in customer acquisition in 2022.
Which Dating Apps Got the Most Press Coverage Last Year?
OPW – Last year, we mentioned 281 internet dating industry brands in 1,066 posts. Although Match Group and its brands are clearly dominating this list, Bumble takes first place this time, even though only by one post. Here is the full list of companies with the most press coverage for last year.
- Bumble (131 posts)
- Tinder (130 posts)
- Match Group (96 posts)
- OkCupid (43 posts)
- Hinge (42 posts)
- Match.com (35 posts – shared)
- Grindr (35 posts – shared)
- The Meet Group (31 posts)
- Blued (23 posts)
- Spark Networks (22 posts)
Spark Networks to Transfer Listing From NYSE to Nasdaq
SEEKING ALPHA – Spark Networks will be changing its stock exchange listing from the NYSE American to the Nasdaq Capital Market. The company's American Depositary Shares (ADSs) will debut on Nasdaq on Feb 15, 2022. Its ticker symbol will remain unchanged. David Clark, CFO of Spark Networks, commented: "Nasdaq's focus on growth-oriented technology companies aligns well with our Company and strategy."
Spark Networks ADRs Higher After Osmium Partners Increase Stake
DOW JONES NEWSWIRE – The American depositary receipts of online dating service Spark Networks are trading 18.9% higher at $3.18, after Osmium Partners said it bought 1.6M shares of the company's stock (at $2.51 each), raising its stake to ~5M shares.
Spark Networks Q3 Results
PR NEWSWIRE – Q3 revenue was $53.3M, compared to $60.8M in the Q3 of 2020. Net Loss was $2.7M, compared to $0.1M last year's Q3. Four of Spark's top five brands, representing ~50% of total revenue, collectively grew revenue and subscribers YOY during the quarter, their fifth consecutive quarter of growth. Zoosk Live! users doubled since its Q2 launch. Spark expects to launch Zoosk Great Dates in Q4 to drive increased user engagement and subscribers. Spark reiterates full year 2021 revenue guidance of $219M to $223M. The company's portfolio include Zoosk, EliteSingles, SilverSingles, Christian Mingle, Jdate, and JSwipe, among others.
Spark Networks Engages MKR Investor Relations
PR NEWSWIRE – Spark Networks, a leading social dating platform which includes brands such as Zoosk, EliteSingles, SilverSingles, Christian Mingle, Jdate, and JSwipe, has engaged MKR Investor Relations to assist with its investor relations program.
Investors See Big Potential in Smaller Online Dating Companies
