Finances

Spark Networks just released their first quarter financial results for 2012. Their revenue of $14.6 million for the quarter is up 25 percent when compared to last year. Unfortunately they still had a net loss which was $1.7 million (due to marketing costs). Jewish Networks posted $6.6 million in revenue with for the first time the Christian Networks beating them by having almost $6.9 million in revenue.

The average paying subscriber as a whole was up 36 percent when compared to Q1 in 2010. Spark Networks in quarter 1, 2011 had 240,706 subscribers. Jewish Networks was down 6 percent with 86,433 subscribers and Christian Networks was up 163 percent with 124,158 subscribers. The Other Networks saw subscribers decline by 23 percent to 30,115.

For the full 2012 Q1 release visit the Spark Networks News Room.

Related Story: Spark Networks Fourth Quarter 2011 Financials

Spark Networks fourth quarter and full year end results were released on March 1st. For the last quarter revenue was $12.9 million and for the entire 2011 year it was $48.5 million. The net loss for the reported quarter was $1.1 million which gave the year 2011 a total net loss of $1.6 million. As a whole revenue was up 19 percent when compared to 2010 and up 27 percent when quarter 4 in 2011 is compared to quarter 4 in 2010. This is in large part thanks to the Other Affinity Networks which saw revenue increase by 78 percent throughout the year.

Subscribers also grew 21 percent for the year and 32 percent in quarter 4 (when compared to the same quarter in 2010). Average paying subscribers for the entire company for quarter 4 2011 was 212,850. For the year the number of average paying subscriber was 196,850.

Spark Networks 2 big sites are JDate (which is part of the Jewish Networks) and Christian Mingle (which is part of the Other Affinity Networks). Subscriber and revenue remand flat for the Jewish Networks. Revenue for quarter 4 was $6.9 million with 87,101 subscribers. The Other Affinity Networks saw revenue of $5.9 million and 123,139 average paying subscribers for quarter 4, 2011. When compared to last year's quarter revenue increased by 114 percent and subscribers increased by 89 percent.

For the full 2011 Q4 release visit the Spark Networks News Room.

Related Story: Spark Networks Third Quarter 2011 Financials

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.

Related Story: Spark Networks Second Quarter 2011 Financials

FriendFinder Networks announced September 12th that they have acquired BDM Global Ventures which owns JigoCity. JigoCity is similar to the popular Groupon website which offers visitors local daily deals. JigoCity has about 150 employees and has offices in China, Brazil, Australia, Singapore, Malaysia, Taiwan and the US (Los Angeles). JigoCity has about 1 million members. Revenue in July for JigoCity was $600,000 and in August it was $1.1 million.

The acquisition cost FriendFinder 1.6 million in shares and about 6.4 million in warrants with exercise prices ranging from $5 to $18 per share.

For more on the story you can read the press release.

China's leading dating site, Jiayuan.com has roughly a million users a month now who pay for the privilege to exchange messages with other members. The messages can be paid for by either the sender or the receiver. Their second quarter earnings this year almost doubled to $12.9 million when compared to the same quarter last year. Jiayuan listed on the Nasdaq back in May and since then their stock price has jumped 21 percent (as of last Friday). This is very good especially when you compare it to other Nasdaq listed Internet companies from China (most have fallen).

Jiayuan never relied heavily on advertising on their site as a source of income. In 2008 advertising made up only 15 percent of their revenue. Online advertising is a very competitive market with slim margins and for this reason at the start of this year Jiayuan decided to drop advertising from their dating site completely. Supporting a sales staff and the way it affected the user experience just did not make it profitable. Paid messaging now accounts for 80 percent of their revenue with the other 20 percent generated from in-person events and a premium service members can use to hire a human matchmaker.

For more on the story you can read the WSJ.

Spark Networks has reported their second quarter financial results for the year 2011. Revenue is up by 17 percent to $12 million when compared to quarter 2 of 2010 and up 9 percent when compared to the last quarter. This is the largest quarter over quarter growth in 6 years and the third consecutive quarter growth in a row.

Jewish Networks was responsible for $6.73 million of revenue. This is an increase of 1 percent when compared to the same quarter last year. The Other Affinity Networks saw revenue reach $4.7 million. This is an increase of 68 percent when compared to Q2 2010. General Market Networks revenue continued to fall with revenues of only $153,000. This is a decrease of 48 percent. Revenue from Offline & Other Businesses was $449,000.

Average paying subscribers for the Jewish Networks rose 1 percent to 90,094 during quarter 2. Other Affinity Networks surpassed Jewish Networks for the first time ever and reached 96,071 average paying subscribers. This is an increase of 50 percent. General Market Networks subscribers fell again to 3,485. They saw a 46 percent decrease when compared to the same quarter last year.

I have been seeing a lot of Christian Mingle TV commercials lately so I am sure this marketing endeavor is partially responsible for the large increase of subscribers that the Other Affinity Networks is seeing.

For the full 2011 Q2 release visit Spark Networks News Room.

Related Story: Spark Networks First Quarter 2011 Financials