While we can't be sure that online dating has much to do with
finding love, Spark Networks Inc. (
) has a lot to do with dating all over the world in every kind of
community. Spark Network is one of the top publicly traded online
dating companies that include: IAC/InterActiveCorp. (
), FriendFinder Networks Inc. (
) and China's Jiayuan.com International Ltd. (
Here's an update on Spark Networks Inc. (
) and the billionaires who hold it.
Spark Networks Inc. (
Predictability: 1 Star
Up 25% over 12 months, Spark Networks Inc. has a market cap of
$171.75 million, and trades at a P/B of 8.83. The current share
price is $7.27.
Spark Networks Inc. (
) is an online personal service provider operating dating websites
in various parts of the world. Its websites include JDate.com,
ChristianMingle.com, SilverSingles.com and BlackSingles.com.
Spark Networks Inc. markets itself as a leader in creating
niche-focused brands that build and strengthen the communities they
serve. The company reported financial results for the second
quarter ended June 30, 2013: Revenue was $17.6 million, an increase
of 17% compared to $15.0 million in the second quarter of 2012. The
company's Christian Networks segment was the primary driver of that
growth. The company's total cost and expenses were $20.8 million,
an increase of 28% compared to $16.2 million in the second quarter
of 2012. Net loss was $3.3 million, or $0.15 per share, compared to
a net loss of $1.0 million, or $0.05 per share, in the second
quarter of 2012. The company's adjusted EBITDA was a loss of $2.3
million, compared to a loss of $592,000 in the second quarter of
2012. Average paying subscribers for the Jewish Networks, Christian
Networks and Other Networks segments were 302,268, an increase of
20% compared to 250,934 in the second quarter of 2012, according to
a company press release.
"Coming off the best first quarter in our company's history, the
second quarter represented another record-breaking one for us,"
said Greg Liberman, Spark Networks' CEO.
Here's a look at the billionaires who hold LOV, as of June 30,
The top Guru stakeholder is
with 2.02% of shares outstanding, or 478,807 shares as of June 30,
2013, when he increased his position by 103.7%, buying 243,747
shares at an average price of $7.68 per share for a loss of 5.3%.
He has averaged a gain of 43% on 665,581 shares bought at an
average price of $5.07 per share over an eleven-quarter holding
history topping out with highest gain of 134.5% in the first
quarter of 2010.
As of June 30, 2013,
made a new buy of 71,900 shares, buying at $7.68 per share for a
loss of 5%. He owns 0.3% of shares outstanding.
Check out the
active insider trading
at Spark Networks Inc.
Historical pricing, revenue and net income:
LOV in a Global Market
The online data services global market is estimated at around $4
billion. Some say the market has plateaued; meanwhile, dating sites
continue to spring up in cyberspace. While Spark Network is one of
the few publicly traded dating companies, it makes a fraction of
what eHarmony makes, according to SoundBarrier. eHarmony Inc.'s
2013 revenue in the first two quarters was reportedly $180 million.
The company started in 2000 now has 33 million registered users in
191 countries and 830,000 paid memberships worldwide with 620,000
of them in the U.S.
Declining revenue, even though the company is profitable, is one
reason why eHarmony may remain private. According to Consumer
Rankings, Match.com has 9.9 million users per month, followed by
eHarmony with 2.5 million monthly users. Zoosk Inc. is also a
considerable competitor, generating revenue of around $40 million
in the first quarter of 2013. eHarmony continues to hone its
competitive edge with recent big data improvements like "MongoDB,"
a critical application in the company's matching system, enabling
eHarmony to process a billion potential matches every day.
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