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Spark Networks First Quarter 2012 Financials

Christian Mingle
  • Monday, May 14 2012 @ 01:08 pm
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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 2011 Financials

Christian Mingle
  • Monday, March 05 2012 @ 12:47 pm
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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

ChristianMingle.com Celebrates 2011 Success

Christian Mingle
  • Monday, December 19 2011 @ 09:34 am
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With over 5 million registered members, Christian Mingle has become the largest and fastest-growing online community for love-seeking Christian singles.

"Gone are the days when online dating was considered taboo - even in the Christian community," says Ashley Reccord, Christian community manager for ChristianMingle's owner Spark Networks. "One of the amazing gifts of our age is that the internet can virtually erase many of the barriers to finding new relationships with people who share your interests and values."

ChristianMingle believes that one's faith is a deeply important part of who a person is, and that religious beliefs are a driving force behind what Christians look for in potential partners. The site is free to join, but don't let the low price tag fool you - it offers a fully featured dating service that is secure, private, and highly interactive. Members meet via email, chat rooms, message boards, and instant messenger which encourages a sense of community and creates an engaging social atmosphere.

Users can also connect and discuss their faith on Believe.com, ChristianMingle's faith-best content destination. Believe includes video and audio resources for the Christian community, as well as a "Verse of the Day" and a "Bible Study of the Day." Users can also browse a searchable Bible, prayer requests, and a church directory.

Nearly two million singles joined ChristianMingle in 2011, the site's most successful year yet. To celebrate their expansion, increase awareness of the site within the Christian community, and share members' success stories, ChristianMingle has launched the "Good News!" campaign, a series of online videos and television commercials that highlight the personal stories of couples who met on the site. "Every day, ChristianMingle members send over 100,000 messages," said Tre, one of the men featured in the advertisements. "I sent one of those messages and met my beautiful wife."

The "Good News!" campaign also reaches out to churches across the nation, to provide resources for group leaders and pastors. ChristianMingle hopes that their outreach efforts will do more than bring Christian singles together on the site - they hope to create a safe and active faith-based community for members with shared values that goes well beyond dating and marriage.

"ChristianMingle believes that marriage is important, but also that relationships and community are important," says Matthew Barnett, a pastor and ChristianMingle Advisory Board member. "ChristianMingle serves as a great resource for singles looking for companionship in like-minded Christians who share the same belief system and interests."

To find out about this dating site, please read our ChristianMingle.com review.

Spark Networks Third Quarter 2011 Financials

Christian Mingle
  • 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.

Related Story: Spark Networks Second Quarter 2011 Financials

Spark Networks Second Quarter 2011 Financials

Christian Mingle
  • Wednesday, September 07 2011 @ 02:02 pm
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  • Views: 1,626

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

Spark Networks First Quarter 2011 Financials

Christian Mingle
  • Sunday, May 29 2011 @ 01:39 pm
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  • Views: 1,748

For the first quarter ending March 31, 2011 Spark Networks reported revenue of $11 million. This is an 8 percent increase in revenue over last quarter (the largest growth between quarters in the last 5 years) and a 4 percent increase when compared to the same quarter in 2010. Spark Networks reported a net loss of $0.2 million in the first quarter due to $1.8 million being spent on direct advertising. In the same quarter last year a net income of $0.9 million was recorded.

Revenue for JDate this quarter was $6.9 million which was the same last quarter. JDate did have a 2 percent increase in subscribers at 91,545.

Revenue for the Other Affinity networks (ChristianMingle, BlackSingles, etc.) was $3.8 million. This is a 35 percent increase over the last quarter. Average paying subscribers was at 81,889 which is a 26 percent increase when compared to Q4, 2010.

Revenue for General Market Networks was down 20 percent to $190,000 when compared to the last quarter. Subscribers also fell similarly (19 percent) to 4,207.

For the full 2011 Q1 release visit Spark Networks News Room.

Related Story: Spark Networks Fourth Quarter 2010 Financials

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