SUSTAINING SUBSTANTIAL INCREASE IN THE SUBSCRIBER BASE: +168,601 YEAR OVER YEAR
MEETIC (MEET - FR0004063097), the European leader in online dating, today announces its consolidated quarterly and nine months results to 30th September 2013.
Consolidated results to 30th September 2013 (MEETIC + Massive Media)
MEETIC's results to 30th September 2013 (excluding Massive Media)
MEETIC's revenue (excluding Massive Media) for the first nine months of 2013 increased by 2.7% to €126.1 million.
MEETIC's subscribers (excluding Massive Media) for the first nine months of 2013 increased by 72,998 or 9.5% year over year to 840,801 as of September 30th, 2013.
Marketing Expenses (excluding Massive Media)
Marketing expenses totalled €62.0 million for the first nine months of 2013, corresponding to 49.2% of revenue, compared with €58.2 million or 47.4% of revenue over the first nine months of 2012. The increase is timing only and reflects planned initiatives in the current year period.
Other expenses (excluding Massive Media)
Other expenses increased by €2.1 million, excluding cost of free shares, from €35.4 million for the first nine months of 2012 to €37.5 million over the same period of 2013. The increase reflects product development costs and includes a €0.3 million charge in connection with the relocation of the Company's head offices.
EBITDA margin: 20.9% - EBITDA margin before the cost of free shares: 21.1% (excluding Massive Media)
Earnings before Interest, Taxes, Depreciation and Amortisation (EBITDA) totalled €26.4 million for the first nine months ending the 30th September 2013, compared with €27.6 million for the prior year period. The current year period was impacted by the aforementioned increase in marketing expenses and product development costs.
Net profit: €16.2 million (excluding Massive Media)
MEETIC's net profit totalled €16.2 million for the first nine months ending the 30th September 2013, compared with €16.9 million for prior year period.
Share
© Publicnow - 2013