PRESS RELEASE - Apr 29 - Spark Networks, the parent company of Zoosk, EliteSingles, Jdate, Christian Mingle, eDarling, JSwipe and SilverSingles, has reported preliminary second half and full year 2019 financial results. "Full year 2019 revenue increased 44% to €149M and Adjusted EBITDA grew 129% to €23M," said Eric Eichmann, CEO of Spark Networks. "Looking ahead to 2020, we are guiding to revenue in the range of $212 to $220Million (€193 to €200M) and Adjusted EBITDA in the range of $30 to $34M (€27 to €31M)," added Bert Althaus, CFO of Spark Networks. Preliminary net loss for 2019 was €16.9M, an increase of €12.7M compared to €4.2Mn in 2018. The increase in net loss is primarily attributable to the Spark Networks / Zoosk Merger, which closed in July 2019.
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