Match has hit the wall in terms of US growth, continuing slight increase in revenue per subscriber. 1% subscriber growth to 1,326,500.
Revenue growth was driven by a 4% and 15% increase in international subscribers and revenue per subscriber, respectively, and 3% growth in revenue per subscriber in North America where subscribers were flat year-over-year. Chemistry.com continued to grow subscribers strongly during the quarter. Operating Income Before Amortization growth reflects lower customer acquisition costs as a percentage of revenue, due to more efficient spending. Operating income for the current period reflects amortization of non-cash marketing of $3.1 million, versus $7.2 million in the prior year period.
I wonder what the Chemistry numbers are like after the massive marketing spend during the last year.
Full details here.
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