Contributed by: Editor on Sunday, November 13 2011 @ 09:25 am
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Spark Networks reported their 3rd quarter financial results this month. On a year over year basis revenue grew 28 percent to $12.7 million this quarter. A net loss was recorded however at $238 thousand and was contributed to an increase in marketing expenses. Subscribers overall increased 30 percent to 206,099 when compared to the same quarter last year and increased 8 percent when compared to the prior quarter.
When looking at the different dating segments Spark Networks has, the Jewish Networks revenue was flat when compared to the last quarter at $6.7 million. Subscribers decreased by 1 percent to 88,976 when compared both to last quarter and the same quarter last year.
The Other Affinity Networks saw a huge increase of subscribers this quarter of 84 percent to 113,972. With the increase of subscribers it also increased revenue by 108 percent to $5.7 million when compared to quarter 3 of 2010.
General Market Networks continue to slide. Revenue was $264 thousand which is a decrease of 52 percent when compared to 2010. Subscribers fell about the same percentage (54) with only 2,702 recorded.
For the full 2011 Q3 release visit the Spark Networks News Room[*1] .
Related Story: Spark Networks Second Quarter 2011 Financials