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Spark Networks Third Quarter 2010 Financials

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Spark Networks 2010 3rd quarter financials are in so let's see how they did. Overall revenue is down $1.2 million this quarter to $9.9 million when compared to the same quarter last year. Net income for quarter 3 was $1.2 million. This is up 20% over quarter 3, 2009.

The Jewish Networks revenue was $6.8 million for the 3rd quarter this year. This was 4 percent less when compared to last year. The other Affinity Networks revenue was down 14 percent to $2.7 million and the General Market Networks earned $264,000, a 54 percent decrease over last year.

Average paying subscribers for Spark Networks, as a whole, in the 3rd quarter of 2010 were 158,422. This is a decrease of 4 percent compared to 165,206 for the 3rd quarter of 2009. Subscribers for the Jewish Networks were at 89,792 for the 3rd quarter. This is up 4 percent when compared to the 3rd quarter of last year. The Other Affinity Networks subscribers were down 7 percent to 62,026 and the General Market Networks decrease was 49 percent to 5,888 subscribers.

For the full 2010 Q3 release visit Spark Networks News Room.

Related Story: Spark Networks Second Quarter 2010 Financials

JDate Follows Blogger on Her Quest for a Mate

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According to Ilana Angel, a popular blogger for the Jewish Journal website, earlier this month she had gone out to lunch with a few people who work at the online dating site JDate. JDate had wanted to see how her search for a Jewish match was going. Her previous two relationships with men had been the result of using JDate but this time when she joined, she found she wasn't having the same success. One thought Angel had was, that the men were scared away because she blogs about her dating experiences (even though she doesn't use real names). JDate decided on this lunch to share their recommendations on how Angel can use their site better to find a man she likes and who is not worried about dating a professional blogger.

She hasn't posted yet on how the lunch went with JDate. When she does we will make sure to let you know.

You can read Ilana Angel blog post here and you can find out more about the dating site she talks about by reading our review of JDate.com.

Spark Networks Second Quarter 2010 Financials

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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

Spark Networks is Niche Dating

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Spark Networks was featured on ABC News Nightline the other day talking about their online dating strategy of going after specific niches, like their popular dating service for Jewish singles called JDate. The Jewish community in North America has made this the number one dating site for this particular niche with over 750,000 active online daters. Another dating site of Spark Networks which they claim is growing fast is ChristianMingle.com. The video from Nightline actually shadows a couple who met recently on Christian Mingle going on their first date.

Spark Networks has over 32 niche dating sites which span the range of dating, for people of different religious faiths, to single military men and women overseas. Spark Networks also sponsors popular single events at Caribbean getaways and on Cruises. You also can't forget about their speed dating site, Hurry Date, which has become popular in and around New York City.

In the video, it was nice to see a bit behind the scenes at Spark Networks call center service. They receive on average 1,700 calls a day. Nightline also mentioned Spark Networks being a $45 million a year business which while very impressive isn't as impressive as back in 2006 where I believe they were making over $80 million.

Ultimately Spark Networks is taking the approach that smaller dating pools which are narrower and much more specific in focus are better for matching. Singles who join these dating services have a sense of community and much better chance at finding love.

To find out more on the popular dating sites from Spark Networks, read the following reviews:

JDate.com Launches JDate Mobile

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Last week JDate officially announced the launch of JDate Mobile in Beta. JDate Mobile is compatible with any web enabled phone, including all of the smart phones like the iPhone, Android, Windows Mobile and BlackBerry. When you sign up for JDate Mobile you will get instant text alerts when:

  • You receive email or some other form of communication.
  • Someone views your profile.
  • If you get added to someone's Hot List.

These text alerts are free to all members. Current subscribers of JDate will also be able to send and receivie email messages right from your phone.

For more information on this dating site, check out our review of JDate.com.

Spark Networks First Quarter 2010 Financials

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Earlier this month Spark Networks released their first quarter earnings for 2010. Revenue in this quarter overall dropped 12 percent to 10.5 million when compared to the same period last year. When compared to the last quarter in 2009, revenue dropped 5 percent. Net income for this quarter was $929,000. This is a 3 times increase over the same period last quarter of $311,000. Average paying subscribers for the whole company was 169,833. This is an increase of 1 percent when compared to quarter 1 of 2009.

Spark Networks dating sites that fall under the Jewish Networks banner (made up mostly of JDate) had revenue of $7.1 million. This is a decrease of 7 percent when compared to quarter 1, 2009. Some good news is found here because subscribers did increase 10 percent too 93,235. The last time JDate had this many subscribers was back at the end of 2007.

The other important division for Spark Networks is their Other Affinity Networks (the MingleMatch sites). For this quarter they earned $3 million which is a 10 percent decrease when compared to the same quarter last year. Subscribers were up though, by 6 percent to 68,124.

For the full 2010 Q1 release visit Spark Networks News Room.

Related Story: Spark Networks Fourth Quarter 2009 Financials