SPARK NETWORKS – Apr 1 – Revenue for the second half of 2020 was $118.9M, an increase of $3.9M compared to $115M in the second half of 2019. Revenue for 2020 was $233M, an increase of $62.1M compared to $170.9M in 2019. For the full year in 2020, the significant increase in revenue is primarily attributable to the integration of Zoosk following the Spark Networks / Zoosk Merger in July 2019. Net Loss was $45.9M in the second half of 2020, an increase of $16.9M compared to Net Loss of $29M in the second half of 2019. Net Loss for 2020 was $46.6M, an increase of $11.7M compared to $34.9M in 2019, as adjusted.
Category: SparkNetworks
Spark Networks Partners With ParshipMeet Group to Deliver Livestreaming Video to Users
PR NEWSWIRE – Mar 31 – Spark Networks will deliver livestreaming video to its largest brand, Zoosk, via an agreement with ParshipMeet Group, a leading provider of interactive dating solutions. Spark will leverage ParshipMeet Group's Live video Platform as a Service (vPaaS) product, which powers some of the world's largest livestreaming video dating apps by monetizing user videos. Geoff Cook, CEO The Meet Group and GM Video ParshipMeet Group said "Nearly 250,000 dating games now take place across our Live communities every day allowing members to connect, safely meet, and fall in love."
See full article at PR Newswire
See the top news on Zoosk
See the top news on ParshipMeet Group
Spark Networks Has Found a Path to Profitability
Spark MD Gitte Bendzulla to Speak at LTR Edition 6
OPW – Mar 13 – Gitte has been MD of Spark Networks for over two years now. Mark Brooks will interview Gitte about her thoughts and experiences after two years at the helm of Spark, strategy, and what the future holds for the group of hallmark dating brands.
TOPIC: Interview – Spark strategy
Gitte took over the helm at Spark Networks as MD in December 2018. Previously she held several senior legal positions with a number of companies including Juniper Networks. Gitte is MD and Chief Legal Officer and COO of Spark. Spark Networks acquired Zoosk in July 2019 and since then Gitte and Eric Eichmann and their team have integrated and streamlined the property into Spark Networks.
LTR Edition 6 is on Thursday 18th Mar starting 11:30am EST (New York). If you hold a full time leadership role at an Internet dating company then you are welcome to join IDEA for free, and welcome to join LTR events for free. See the LTR Edition 6 overview and invite page here. Email mark@courtlandbrooks.com to RSVP for LTR. There are 80 places only.
LTR is kindly sponsored by RealMe, vPaaS by The Meet Group, Utopia Analytics, Real Gifts & Courtland Brooks.
Spark Networks Provides Financial Guidance for Full Year 2021
PR NEWSWIRE – Mar 8 – Spark Networks anticipates total revenue for the 2021 fiscal year to be in the range of $238 to $244M. Management expects that 2021 Adjusted EBITDA will reach ~$33 to $36M.
Pandemic Dating Study: Finding a ‘Bubble Bae’ Is the New Relationship Milestone
PRESS RELEASE – Mar 4 – A study from EliteSingles has revealed that pandemic dating has given rise to a new relationship milestone: finding a 'bubble bae' to quarantine with. 70% of people say they consider bubble sharing a major sign of commitment, with 69% saying you must be dating exclusively before bubbling up. EliteSingles is designed for successful single professionals seeking a committed, long-term relationship. EliteSingles is part of Spark Networks.
Spark Networks’ Survey: Love in Lockdown
PR NEWSWIRE – Feb 10 – Spark Networks has released comprehensive results from several 2020 'Love in Lockdown' surveys, which collected data on dating during the pandemic. Highlights:
- In 2020, there was a 16% increase in users reporting that they found love on one of Spark's three largest U.S. sites (Zoosk, EliteSingles, SilverSingles)
- 51% of people say that experiencing social distancing has made them more motivated to look for a partner
- 38% don't want to be single on Valentine's Day
- 65% still want to celebrate Valentine's Day, even if it's socially distanced
Spark Networks About to Shift From Loss to Profit
SIMPLY WALL ST – Feb 1 – Spark Networks is possibly approaching a major achievement in its business. Consensus from 2 of the American Interactive Media and Services analysts is that Spark Networks is on the verge of break even. They anticipate the company to incur a final loss in 2020, before generating positive profits of €8.2M in 2021. Therefore, the company is expected to break even roughly a year from now.
Zoosk Parent Unable to Shake Data Breach Class Suit
BLOOMBERG LAW – Jan 29 – Zoosk's parent company Spark Networks failed to convince a federal judge in California that it should be immune from a proposed class action over a hack of its dating site because the court doesn't have jurisdiction over the German corporate partner. Zoosk data was allegedly accessed and stolen by a group known as ShinyHunters in January 2020 and put information for sale on the dark web.
Spark Networks Promotes Gitte Bendzulla to COO
PR NEWSWIRE – Dec 8 – Bendzulla, Spark's first female COO, takes the role in addition to her position as the company's Chief Legal Officer and managing director. Reporting directly into Spark CEO Eric Eichmann, Bendzulla's responsibilities will include overseeing operational efficiency and excellence for Spark and supporting growth and innovation for its portfolio of premium dating brands including Zoosk, EliteSingles, SilverSingles, Christian Mingle, Jdate, JSwipe and eDarling.