ACCESSWIRE - Aug 8 - In May, Spark Networks entered into an agreement with Affinitas GmbH ("EliteSingles"), which operates premium online dating platforms EliteSingles, eDarling and Attractive World to merge. The transaction will close in Q4 2017. Q2 revenue was $6.6M, down 27% YOY and 9% down from the previous quarter. The decrease was driven by a decrease in average paying subscribers, reflecting reduced direct marketing investment in the Jewish and Christian Networks. Total direct marketing expenses decreased 53%. Q2 net loss was $2.5M. The company has no outstanding debt.
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Summarized by the Courtland Brooks team
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