BLOOMBERG -- July 25 -- Meetic, Europe's biggest publicly traded Internet dating service, fell to a record in Paris trading after first-half sales missed analysts' estimates. Meetic lost as much as 1.73 euros, or 11%, to 14.01 euros and traded at 14.55 euros as of 9:22 a.m., the lowest since the shares began trading in October 2005. Revenue rose 18% to 63m euros ($99m), missing the 67.1 million-euro average estimate of two analysts compiled by Bloomberg.
The full article was originally published at Bloomberg, but is no longer available.
This isn't a surprise - we've seen DatingDirect struggle in the UK against increased competition from niche players.
Revenue across WhiteLabelDating.com's sites is still increasing by at least 10% per month on average, with many sites seeing triple-digit growth every month.
This must be eating into revenue from the other dating sites in the UK as well.
Posted by: Ross Williams | Jul 28, 2008 at 05:25 AM
Note my response here:
http://mb.internetdatingconference.com/meetic-plunges-to-record-t2933.html
at the idate Message Boards.
Google Trends reveals alot. But it looks like Meetic has done something to change that for July.
Posted by: Marc Lesnick | Jul 30, 2008 at 12:36 AM