PR NEWSWIRE - Aug 29 - Spark Networks, parent company of EliteSingles, eDarling, Jdate, Christian Mingle, JSwipe, SilverSingles, Attractive World, and Zoosk, reported its first half 2019 financial results. H1 2019 revenue was €49.2M, down 7.1% YOY. The YOY decrease was attributable to the 9% decrease in the number of Average Paying Subscribers. Net loss was €4.9M, an increase of €3.8M compared to €1.1M in the H1 2018. The YOY increase in net loss was primarily attributable to higher professional fees related to the merger with Zoosk that closed in the H2 2018, and an increase in income tax expense in the H1 2019.
Comments