euro adhoc: Spark Networks plc
Earnings
Spark Networks Reports Fourth
Quarter 2006 Financial Results
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
13.02.2007
Q4 Revenue USD 17.2 Million (Q4/05: USD 16.6 Million)
Q4 Net Income USD 2.7 Million (Q4/05: USD (403,000))
Q4 EPS USD 0.09 (Q4/05: USD (0.01))
BEVERLY HILLS, Calif., Feb. 13 -- Spark Networks plc (MHJG: Prime Standard
Frankfurt, LOV: AMEX), a leading provider of online personals services, today
reported fourth quarter and full year 2006 financial results. In 2006, the
Company achieved profitability, generating a record USD 6.6 million in GAAP net
income profit.
Fourth Quarter 2006
Reported revenue for the fourth quarter of 2006 was USD 17.2 million, an
increase of 4% compared to USD 16.6 million for the same period in 2005.
The Company reported net income of USD 2.7 million, or USD 0.09 per diluted
share, for the fourth quarter of 2006, compared to a net loss of USD (403,000),
or USD (0.01) per share, for the same period in 2005.
EBITDA (earnings before interest, taxes, depreciation and amortization) for
the fourth quarter of 2006 was USD 4.2 million, an increase of 636% compared to
EBITDA of USD 572,000 during the same period in 2005.
Average paying subscribers in the fourth quarter of 2006 were approximately
236,609, an increase of 9%, compared to 217,276, from the same period in 2005.
Subscriber acquisition cost (SAC) in the fourth quarter of 2006 was USD
28.12, an increase of 2%, compared to USD 27.50 from the same period last year.
Full Year 2006
Revenue for the year ended December 31, 2006 was USD 68.9 million, an
increase of 5% compared to revenue of USD 65.5 million for the year ended
December 31, 2005.
For the year ended December 31, 2006, the Company reported net income of USD
6.6 million, or USD 0.21 per share, compared to a net loss of USD (1.4) million,
or USD (0.06) per share, for the year ended December 31, 2005.
EBITDA for the year ended December 31, 2006 was USD 11.3 million, an
increase of 240% compared to an EBITDA of USD 3.3 million for the year ended
December 31, 2005.
Average paying subscribers were 236,868, an increase of 10%, compared to
214,793 for the year ended December 31, 2005.
SAC totaled USD 28.40 compared to USD 28.36 for the year ended December 31,
2005.
Investor Conference Call and Webcast:
The Company will discuss its financial results during a live teleconference
today at 10:30 p.m. Frankfurt time (1:30 p.m. Pacific time).
Call Title: Spark Networks 2006 Financial Results
International: +1-973-935-8758
Confirmation #: 8321321
One-Week Replay
International: +1-973-341-3080
PIN Number: 8321321
The company will also host a webcast of the call which will be accessible on
the company's website in the Investor Relations section under "Featured Events":
http://www.spark.net/investor.htm
About Spark Networks plc:
Spark Networks' American Depository Shares trade on the American Stock
Exchange under the symbol "LOV," and its Global Depositary Shares trade on the
Frankfurt Stock Exchange under the symbol "MHJG." The Spark Networks portfolio
of consumer websites includes, among others, JDate(R).com (www.jdate.com),
AmericanSingles(R).com (www.americansingles.com), BBWPersonalsPlus(R).com
(www.bbwpersonalsplus.com), BlackSingles.com(R) (www.blacksingles.com),
CatholicMingle(TM).com (www.catholicmingle.com), LDSMingle(R).com
(www.ldsmingle.com), LDSSingles.com(R) (www.ldssingles.com),
PrimeSingles(TM).net (www.primesingles.net), and Relationships.com(TM)
(www.relationships.com).end of announcement euro adhoc 13.02.2007 22:54:32
Further inquiry note:
Branche: Electronic Commerce
ISIN: US8465131097
WKN: A0DPY1
Index: Classic All Share, Prime All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Bayerische Börse / free trade