Spark Networks Second Quarter 2010 Financials

Spark Networks second quarter financial report was released last week (the quarter ended June 30). Overall revenue for this quarter was $10.3 million with a net income of $0.9 million. When these values are compared to quarter 2 last year, revenue is down by 8 percent and net income is down by 47 percent. Total costs this quarter is $8.6 million which is a decrease of 8 percent when compared to the same time last year of $9.3 million. As a whole the company had 160,239 subscribers. This is a decrease of 2 percent from Q2, 2009.

The Jewish Networks (mostly JDate) revenue for quarter 2 was $6.7 million. This is a decrease of 6 percent when compared to last year. On the upside average paying subscribers was 89,055 which is an 8 percent increase for JDate when compared to the same time in 2009.

The Other Affinity Networks (MingleMatch dating sites) saw revenue reach $2.8 million this quarter. This is down by 16 percent when compared to last year. The average paying subscriber did not fall as hard and was only down 2 percent to 64,083.

Lastly, the General Market Networks revenue is $298,000. This is 57 percent less revenue that they earned, when compared to the same quarter last year. Subscribers fared no better and fell 54 percent to 6,434.

For the full 2010 Q2 release visit Spark Networks News Room.

Related Story: Spark Networks First Quarter 2010 Financials