Spark Networks Q3 Financial Results - Revenue Down 22%

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MARKETWIRED – Nov 11 – Q3 revenue was $11.7M, a YOY decrease of 22%, and a 5% decrease from the prior quarter. The YOY decrease was primarily driven by a decrease in average paying subscribers. Direct marketing expenses were $4.4M, down 27% YOY. Net loss was $(822K). Subscribers grew 0.5%. In October, Spark Networks bought Smooch Labs, the developer of JSwipe, the popular Jewish millennial dating app. Spark Networks hopes to monetize the app soon.