Spark Networks 1Q 05 Financials

by David Evans on May 6, 2005 in Finance

More on this on Monday, I’ve got to go find my seersucker suit for tonight’s Derby party.

Revenue for the first quarter of 2005 was $16.5 million, an increase of 10%, compared to $15.1 million, from the same period last year.

The company reported net income of $2.0 million, or $0.07 per diluted share, for the first quarter of 2005, compared to a net loss of $3.0 million, or $0.14 per share, in the same period last year.

EBITDA(1) for the first quarter of 2005 was $3.0 million, compared to an EBITDA loss of $2.2 million in the same period last year.

Segment Reporting(2)

The company reported first quarter 2005 revenue for its JDate segment of $6.5 million, an increase of 10%, compared to $5.9 million, from the same period last year.

First quarter 2005 revenue for the company’s AmericanSingles segment was $8.1 million, a decrease of 5%, compared to $8.5 million, from the same period last year.

First quarter 2005 revenue for the company’s Other Businesses segment was $2.0 million, an increase of 196%, compared to $663,000, from the same period last year.

Business Metrics

Average paying subscribers(3) for the company in the first quarter of 2005 totaled 222,700, an increase of 7%, compared to 207,400, from the same period last year.

Average paying subscribers for the company’s JDate segment were 70,400, a decrease of 3%, compared to 72,300, from the same period last year.

Average paying subscribers for the company’s AmericanSingles segment were 121,600, a decrease of 4%, compared to 126,900, from the same period last year.

Average paying subscribers for the company’s Other Businesses segment were 30,700, an increase of 274%, compared to 8,200, from the same period last year.

Direct subscriber acquisition cost(4) (SAC) for the company in the first quarter of 2005 were $23.84, a decrease of 14%, compared to $27.82, from the same period last year.

SAC for the company’s JDate segment was $9.01, an increase of 58%, compared to $5.71, from the same period last year.

SAC for the company’s AmericanSingles segment was $25.61, a decrease of 28%, compared to $35.75, from the same period last year.

SAC for the company’s Other Businesses segment was $46.97, an increase of 46%, compared to $32.14, from the same period last year.

Press release is here .

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