David Siminoff, Chairman and Chief Executive Officer of Spark Networks, appears to be doing at least a few things right since he came on board in August 2004.
JDate up approximately 10% in revenue and subscribers. American Singles continues it’s decline, with revenue down 26%. Last time I checked they has 120,000 members and that number has basically been cut in 1/2 over the past year.
JDate Subscriber Acquisition Costs (SAC) are in the $13 range, whereas American Singles is a whopping $40.
JDater’s are worth so much more than American Singles, I wouldn’t be surprised if we see AS at 30k subs a year from now.
Overall, SAC is down, spending is coming under control and the benefits of the new back-end systems are becoming apparent.
We’ll see how deep JLove can cut into JDate’s subscriber base, too early to tell what the impact is.
I have been compiling the last few years of data on Spark and Match, will post when I get a chance.
As usual, it pays to dig into the financials and do you own analysis.
LOV is currently trading at $6.75.
More details at Yahoo News.
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