MARKETWIRED - Nov 10 - Q3 revenue was $8.4M, a 28% decrease YOY, driven by decreases in both average paying subscribers and average revenue per user. Total direct marketing expenses decreased 72% to $1.2M. Q3 net loss was $94k, a $728k improvement versus the year ago period. CEO Danny Rosenthal stated: "We have made the decision to focus on improving JDate and Christian Mingle. Accordingly, we have paused work on initiatives that do not support this objective which includes the Church Partnership Program, the CrossPaths mobile application, and the expansion of Christian Mingle into Latin America.
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Summarized by the Courtland Brooks team
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