{"id":469091,"date":"2021-03-31T16:23:29","date_gmt":"2021-03-31T20:23:29","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=469091"},"modified":"2021-03-31T16:23:29","modified_gmt":"2021-03-31T20:23:29","slug":"spark-networks-se-reports-second-half-and-full-year-2020-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/spark-networks-se-reports-second-half-and-full-year-2020-financial-results\/","title":{"rendered":"Spark Networks SE Reports Second Half and Full Year 2020 Financial Results"},"content":{"rendered":"
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– FYE 2020 Revenue was $233 million, an increase of $62.1 million compared to $170.9 million in recorded revenue for FYE 2019<\/h2>\n

– FYE 2020 Monthly Average Revenue Per User, or Monthly ARPU, increased by 7.4% to $20.93 compared to $19.48 for FYE 2019<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

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\n BERLIN<\/span>, March 31, 2021<\/span> \/PRNewswire\/ — Spark Networks SE (NYSE American: LOV), one of the world’s leading online dating platforms leveraging premium, complementary brands including Zoosk, EliteSingles, SilverSingles, Christian Mingle<\/span>, Jdate, and JSwipe, today reported second half and full year 2020 financial results.<\/p>\n

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\n \"(PRNewsfoto\/Spark
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“Our financial and operational gains for the Second Half and Full Year 2020 are a testament to the strength of Sparks’ top brands, which performed well during truly unique market conditions,” said Eric Eichmann<\/span>, CEO of Spark Networks.\u00a0 “Successful product improvements and expanded marketing capabilities led to higher user engagement and improved ARPU levels in 2020. Going forward, we are excited about our growth potential as we fulfill our ambition to become the leader in social dating for meaningful relationships in this rapidly expanding sector.”<\/p>\n

“I am pleased to have exceeded both our top and bottom line financial guidance for the full year 2020,” said Bert Althaus<\/span>, Chief Financial Officer of Spark.\u00a0 “In addition to stabilizing and integrating operations during the last year, the Company also strengthened its balance sheet by amending its credit facility by resetting financial covenants and securing an additional $6 million<\/span> in funding.”<\/p>\n

\n Second Half and Full Year 2020 Financial Results<\/b>\n <\/p>\n

\n *2020 results represent the first full year-period reporting to include newly acquired Zoosk’s financials<\/i>\n <\/p>\n