MatchNet plc

euro adhoc: MatchNet plc
Quarterly or Semiannual Financial Statements
MatchNet® plc Reports Results for Second Quarter 2003 - Subscriptions Drive 143% Revenue Growth Over 2002 Period (E)

--------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------- LOS ANGELES, CA, 1. September 2003 - MatchNet plc (MHJG: Frankfurt Stock Exchange - Prime Standard), one of the largest providers of online personals worldwide, today reported results for the three and six month periods ending June 30, 2003. Total revenues for Q2 2003 were $8,725,666, an increase of 143%, compared to $3,585,068 in Q2 2002. For the first half of 2003, total revenues were $16,087,099, an increase of 106%, compared to $7,800,731 for the first half of 2002. Revenue growth was primarily a result of increases in membership due to increased marketing efforts. Operating expenses were $3,668,234 in Q2 2003, or 42% of revenues compared to $2,155,200, or 60% of revenues in Q2 2002. For the first half of 2003, operating expenses were $6,766,737 or 42% of revenues compared to $4,263,362, or 55% of revenues in the first half of 2002. EBITDA was ($237,654) in Q2 2003 compared to $65,160 in Q2 2002. For the first half of 2003, EBITDA was ($137,814) compared to $1,158,327 for the first half of 2002. The decline is primarily due to higher marketing expenditures aimed at increasing market share. Net loss in Q2 2003 was $611,560 compared with net income of $54,353 in Q2 2002. The net loss for the quarter includes non-cash depreciation and amortisation charges of $392,539 in Q2 2003 and $222,470 in Q2 2002. Net loss for the first half of 2003 was $1,393,873 compared to a net income of $970,288 in the first half of 2002. MatchNet will host an analyst call to discuss its financial results for the second quarter 2003 on Tuesday, September 2, 2003 at 16:30 MESZ. Access-informations are available on www.MatchNet.com. According to Nielsen//NetRatings, MatchNet's combined online personals properties had a unique audience from home and work of nearly 4.4 million in June 2003, more than both Match.com with 4.3 million and Yahoo! Personals with 4.1 million. About MatchNet plc: MatchNet plc is one of the world’s largest providers of online dating services. The MatchNet network includes AmericanSingles®.com, FaceLink®.com, MatchNet.de, MatchNet.co.uk, and MatchNet.com.au. In addition, the Company operates JDate®.com & JDate.co.il, the dominant Jewish dating services worldwide; GlimpseTM.com, an online dating community for relationship-minded gay men and women; and CollegeLuv.com, an online destination for the college-age demographic. MatchNet was incorporated in England in 1998. More information is available at www.MatchNet.com end of announcement euro adhoc 01.09.2003 --------------------------------------------------------------------- Further inquiry note: Elmar Bob Investor Relations Branche: Online ISIN: US5766601042 WKN: 930129 Index: Classic All Share, Prime All Share, Prime Standard Börsen: Frankfurter Wertpapierbörse / regulated dealing Niedersächsische Börse zu Hannover / free trade Berliner Wertpapierbörse / free trade Bayerische Börse / free trade Hamburger Wertpapierbörse / free trade Bremer Wertpapierbörse (BWB) / free trade Börse Düsseldorf / free trade Baden-Württembergische Wertpapierbörse / free trade

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