Meetic

: news group

Steps up the expansion of its events business with Pastas Party

20/5/2013

MEETIC (MEET - FR0004063097), the European leader in online dating, has announced the signature of an agreement to acquire the assets of Pastas Party, the leading French website for singles events. Meetic, which brings together the largest community of singles in France and Europe, will build on the expertise and experience of Pastas Party to enhance its new events service and develop it on a European level. Created in 2007 by Héloïse Dion, Pastas Party has developed a range of singles events across France and runs a community of nearly 100,000 singles.

Meetic consolidates its status as “the maker of meetings”

In December 2012 Meetic successfully launched a complementary service that opened up new opportunities for its members in France and elsewhere in Europe to meet: Meetic Soirées. Already more than 300 Soirées have been organised, bringing together more than 35,000 Meetic members and guests in friendly surroundings close to where they live.

“In order to give Meetic members ever more chances to meet, we wanted to offer a more varied programme of events. We therefore naturally chose to draw on the expertise of a company with an established reputation in the organisation of singles events.” noted Alexandre Lubot, the Meetic Group’s Chief Marketing Officer.

Héloïse Dion will head Meetic Group’s events division

Héloïse Dion and her team will be responsible for creating Soirées in each European country covered by the Meetic group. She will also develop new event concepts to meet the expectations of singles in the Meetic community.
“In just six years we have developed a unique event offering for singles throughout France, from dinners to cookery courses or cocktail workshops. We are therefore delighted to be joining Meetic and to offer these events – and many others besides – to Meetic members and to expand the range of events available to members of Pastas Party.” added the founder of Pastas Party.

By Meetic Corp

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Results for the first quarter of 2013

6/5/2013

SUBSTANTIAL INCREASE IN THE SUBSCRIBER BASE: +124,000

MEETIC (MEET - FR0004063097), the European leader in online dating, today announces its consolidated quarterly results for the 1st quarter to 31st March 2013.

MEETIC’s revenue to 31st March 2013 (excluding Massive Media)

MEETIC’s revenue (excluding Massive Media) for the 1st quarter of 2013 increased 1% to €41.6 million. MEETIC grew 54,202 subscribers to 811,534, representing 7% growth.

MEETIC’s results to 31st March 2013 (excluding Massive Media)

Marketing Expense (excluding Massive Media)

Marketing expense reflects a planned increase and totalled €24.6 million for the 1st quarter 2013, corresponding to 59% of revenue, compared with €23.7 million or 58% of revenue over the 1st quarter of 2012.

Other expenses (excluding Massive Media)

Other expenses increased by €1.7 million from €11.6 million over the 1st quarter of 2012 to €13.3 million over the 1st quarter of 2013. The increase reflects product development costs and €0.3 million in connection with the relocation of the Company’s head offices.

EBITDA margin: 9.8% - EBITDA margin before the cost of free shares: 8.9% (excluding Massive Media)

As a result of these investments, Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) totalled € 4.1 million at 31st March 2013, compared with €5.2 million at 31st March 2012.

Net profit: €3.1 million (excluding Massive Media)

MEETIC’s net profit totalled €3.1 million over the quarter, compared with €3.4 million over the quarter to 31st March 2012.

MASSIVE MEDIA‘s contribution to MEETIC Group Consolidated results to 31st March 2013

Massive Media, the company behind Twoo.com, was acquired by MEETIC and consolidated in January 2013. Massive Media reached 69,796 subscribers as of March 31, 2013.

Massive Media’s net contribution includes €1.7 million in non-cash expenses corresponding to amortization expenses and loss on long term contingent consideration.

Consolidated results to 31st March 2013 (MEETIC + Massive Media)

Net Cash position: €46.8 million

At 31st March 2013, the Group had a cash position of €47.6 million and €0.9 million in debt, compared with a net cash position of €63.4 million at 31st December 2012.

By Meetic Corp

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Meetic acquires Spraydate in Sweden

4/3/2013

MEETIC (MEET - FR0004063097), the European leader in online dating, today announces that it has signed an Agreement for the acquisition of the assets of Spraydate, owned by the Keynote Media Group, Alo Krowten and Digital Venture Production.

Founded 12 years ago, the Spraydate site pioneered the Swedish online dating scene, and benefits from an excellent reputation and a high number of active users.

Meetic is only acquiring the assets relative to the brand, the domain name and the user base, via its Swedish subsidiary Match.com Nordic AB.

Philippe Chainieux, MEETIC’s Managing Director, says: “This acquisition will consolidate the MEETIC Group’s leadership position in Sweden, where it runs its online dating services under the match.com brand name. Operational synergies will be rapidly achieved, and will notably allow Spraydate’s users to be provided with the MEETIC Group’s quality of service.”

By Axelle

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2012 Annual results

6/2/2013

NET PROFIT UP 31.9%

MEETIC (MEET - FR0004063097), the European leader in online dating, today announces its consolidated and audited results for the financial year to 31st December 2012, approved by the Board meeting ¹ of 1st February 2013.

Consolidated revenue

2012 consolidated annual revenue totalled €164.8 million, down 7.5% on the previous year.
Revenue for the 4th quarter of 2012 came to €42.0 million, higher than the three previous quarters of the year.

Subscriber indicators:

The Group had a total of 768,572 subscribers at 31st December 2012, versus 762,099 subscribers at 31st December 2011.
Monthly ARPU (Average Revenue Per User) was 17.73 euros over the 2nd half of 2012, compared with 17.48 euros over the first half of 2012. Over the year as a whole, monthly ARPU was 17.60 euros, versus 17.38 euros in 2011, a 1% improvement on the year.

2012 consolidated results

Marketing expense:
2012 marketing expense totalled €77.6 million or 47.1% of revenue, compared to €92.5 million and 52.0% of revenue in 2011.

EBITDA margin: 22.3%
Profitability significantly improved in 2012, with Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA), after the cost of free shares, thus totalling €36.8 million, giving an EBITDA margin of 22.3% in 2012 compared with 20.3% in 2011.

Depreciation of investments and receivables on investments in associates:
The Group’s share of net income from associates decreased from €1.9 million in 2011 to €1.1 million in 2012. In addition, the Group recorded an impairment charge for the carrying value of our Latin American investment of €10.3 million in depreciation and associated receivables given relative underperformance compared to expectation.

Net profit: +31.9%
Annual net profit totalled €11.7 million, giving a net margin of 7.1% in 2012 compared with 5.0% in 2011.

Cash position: €63.4 million
At 31st December 2012, the Group had a net cash position of €63.4 million and no debt. Its net cash position at 31st December 2011 was €33.1 million.

¹ Audit procedures have been carried out on the Group’s consolidated accounts. The audit report will be issued once the necessary procedures for verifying footnotes to the consolidated financial statements and management report have been completed.

By Axelle

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