OPW - The ParshipMeet Group reports a 9% decrease in revenues for the Dating & Video segment, totaling EUR 107M, down from EUR 117M in the Q1 2023. Specifically, revenues in the Dating unit fell by 12%, influenced by intense market competition and the ongoing impact of Germany's Fair Consumer Contracts Act, which significantly affects the subscription models of Parship and ElitePartner. Additionally, revenues in the Video unit decreased by 4%, also due to a highly competitive environment.
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