Spark Networks Q1 '08 Financial Results

MARKETWIRE -- May 1 -- Spark Networks (AMEX LOV), home to JDate, American Singles to name a few just announced their Q1 results to investors. Overall revenue is down 6% over the prior quarter, but due to lower operating costs and continued growth from JDate, Spark still saw an increase in net income of $1.6 million dollars. They also repurchased 801,000 outstanding shares. CEO Adam Berger: "JDate.com grew for the third straight quarter following last year's price increase and we continued JDate's international expansion with the launch of JDate.co.uk for the United Kingdom. In addition, we accelerated our ad sales initiative, increasing advertising revenue 30% over the prior quarter."  FULL ARTICLE @ CNN MONEY