PR NEWSWIRE – Nov 24 – Plaputta will lead technological innovations for Spark Networks' portfolio of premium, complementary brands including Zoosk, EliteSingles, SilverSingles, Christian Mingle, Jdate, JSwipe and eDarling. Since joining as a developer in February 2010, he has been a part of several company milestones, including kickstarting mobile development in 2012, overseeing multiple new country launches of core products and managing company takeovers in France and the US. Most recently Plaputta held a General Manager role.
Category: SparkNetworks
We Might See a Profit From Spark Networks Soon
SIMPLY WALL ST – Nov 4 – With the latest financial year loss of €15M and a trailing-twelve-month loss of €11M, the $115M market-cap company alleviated its loss by moving closer towards its target of breakeven. According to the 2 industry analysts covering Spark Networks, the consensus is that breakeven is near. They anticipate the company to incur a final loss in 2019, before generating positive profits of €738K in 2020. Therefore, the company is expected to breakeven roughly a year from now or less. There's one issue worth mentioning. Spark Networks currently has a relatively high level of debt. Typically, debt shouldn't exceed 40% of your equity, which in Spark Networks' case is 56%. Note that a higher debt obligation increases the risk around investing in the loss-making company.
Spark Networks SE Reports H1 2020 Financial Results
PRESS RELEASE – Aug 27 – Spark Networks, the parent of Zoosk, EliteSingles, Jdate, Christian Mingle, eDarling, JSwipe, and SilverSingles, reported H1 2020 revenue of €103.4, an increase of €54.2M from €49.2M in the H1 of 2019. The increase is primarily attributable to the integration of Zoosk following the Spark Networks / Zoosk Merger in July 2019. Net Loss was €0.4M, an improvement of €4.5M compared to Net Loss of €4.9M in the H1 of 2019. Average paying subscribers increased to 915K in the H1 of 2020, compared to 445K in the same period of 2019.
Dating App Stocks You Might Fall in Love With
CAPITAL WATCH – Aug 18 – High demand for dating apps is likely to continue even after the pademic. In the Q2, Tinder gained ~200K users, bringing its average subscribers to 6.2M. Also, direct revenue for Tinder jumped by 15%. In total, Match's revenue soared 12% YOY to $555.5M. Match is now projecting to generate Q3 revenues of ~$600M. Thanks to the strong earnings, the stock is now trading at an all-time high since it debuted on Nasdaq in November 2015. Another stock to watch is MEET (The Meet Group). In the Q2, Meet's revenues skyrocketed 74% YOY to $90.33M. Net income rose by nearly five-fold to $10.38M. On the international online dating stage, one company likely to continue seeing demand is Spark Networks SE. Based on preliminary financial results, Spark generated $114M in revenue, beating its previous expectations of $110 – $112M. Newly listed Chinese BlueCity might be worth some love. Its stock skyrocketed as high as 124% in its trading debut from its IPO pricing of $16 per share. The company's app Blued is the largest LGBTQ community in China, India, Korea, Thailand, and Vietnam.
by Anthony Russo
See full article at Capital Watch
See the top news on Match Group See the top news on The Meet Group
See the top news on Spark Networks See the top news on Blued
Spark Networks Announces Preliminary 1H 2020 Financial Results
PR NEWSWIRE – Aug 11 – Spark Networks' preliminary revenue for 1H 2020 was $114M (€103.4M), exceeding management's prior expectation of $110 to $112M (€93 to €95M). The company anticipates total revenue for the 2020 fiscal year to be $224 to $228M (€190 to €193M). Management also anticipates 2020 Adjusted EBITDA to be between $34 – $36M (€29 to €31M) vs. prior guidance of $30 to $34M.
Spark: New Creativity-Focused Dating App Picks Canada for Global Debut
NEWSWIRE – June 24 – Canadian singles are the first in the world to get to try Spark, a new dating app designed for people who wish online dating offered more opportunity for self-expression and creative connection. Spark app is the latest product from Spark Networks. The company designed Spark around the concept of 'frames.' These include photo filters and interactive question cards that allow users to curate a unique profile, and match with others on what matters to them. Spark has now successfully launched in Toronto, Ottawa, Vancouver, Montreal, Calgary, Edmonton and Winnipeg, and the team aims to significantly increase Spark's presence across Canada throughout the summer.
The Top Dating Industry News for May 4th
OPW – May 5 – Spark Networks 2019 Financial Results, Dating App Crush Covid-19 Survey, Blind Date & Second Date on Skout and MeetMe, IDEA Webinar.
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Spark Networks Reports 2019 Financial Results: Revenue up 44%
PRESS RELEASE – Apr 29 – Spark Networks, the parent company of Zoosk, EliteSingles, Jdate, Christian Mingle, eDarling, JSwipe and SilverSingles, has reported preliminary second half and full year 2019 financial results. "Full year 2019 revenue increased 44% to €149M and Adjusted EBITDA grew 129% to €23M," said Eric Eichmann, CEO of Spark Networks. "Looking ahead to 2020, we are guiding to revenue in the range of $212 to $220Million (€193 to €200M) and Adjusted EBITDA in the range of $30 to $34M (€27 to €31M)," added Bert Althaus, CFO of Spark Networks. Preliminary net loss for 2019 was €16.9M, an increase of €12.7M compared to €4.2Mn in 2018. The increase in net loss is primarily attributable to the Spark Networks / Zoosk Merger, which closed in July 2019.
ODA Appoints Gitte Bendzulla to its Board of Directors
ODA – Apr 20 – Gitte Bendzulla, General Counsel & Managing Director of Spark Networks has been co-opted to the ODA board. The ODA was set up in 2014 to develop and maintain standards that give users assurance and ensure businesses trade responsibly. It seeks also to inform policy makers and to promote messages to users that minimize the risk of harm. Spark Networks is America's second largest dating company, with headquarters in Berlin, Germany, and offices in New York and Utah. The company's portfolio of dating apps includes Zoosk, EliteSingles, Christian Mingle, Jdate, SilverSingles, eDarling and JSwipe among others.
ODA Announces Spark Networks as Its Latest Member
PRESS RELEASE – Feb 28 – The Online Dating Association (ODA) welcomes Spark (Elite Singles, Zoosk, Jdate). George Kidd, CEO of ODA said: "We…welcome their commitment to working with us to maintain standards and user trust in dating services. Doing so is critical to millions of people around the world…and to our ability to assure lawmakers and others that we take this responsibility seriously." Gitte Bendzulla, MD Spark said: "…Millions of people around the world trust us to help them navigate their search for a partner, and we have a deep responsibility to keep them and their data safe on this journey. We are thrilled to become a part of the ODA…joining forces with the ODA and fellow members like The Meet Group is an opportunity for us to form a strong alliance; giving all online dating users a higher quality experience." The ODA was set up in 2014 to develop and maintain standards that give users assurance and ensure businesses trade responsibly. It seeks also to inform policy makers and to promote messages to users that minimize the risk of harm.