EBITDA UP +44.3%

MEETIC (MEET - FR0004063097), the European leader in online dating, today announces its consolidated quarterly and 9 months results to 30th September 2012.

Consolidated revenue *

Revenue for the 9 first months of 2012 totalled 122.8 million euros, reflecting a 4% decrease in the number of subscribers, which totalled 767,803 at 30th September. The third quarter revenue remained stable compared to the previous quarter. 

Consolidated results for the 9 first months *

Improvement of the marketing efficiency:
Marketing expense for the first nine months of the year totalled €58.2 million, or 47.4% of revenue, versus €80.7 million and 59.3% of revenue for the first nine months of 2011.

EBITDA: +44.3%
As a consequence of the marketing expense leverage, profitability improved significantly, with EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) coming to €27.6 million at 30th September 2012 compared to €19.2 million at 30th September 2011. The EBITDA margin was thus 22.5% at 30th September 2012.

Net profit: +38.9%
Net profit for the first nine months of 2012 came to €16.9 million giving a net profit of 13.8%, compared to 9.0% over the same period of 2011.

Cash flow
At 30th September 2012, the Group had a net cash position of €63.2 million and no debt. This compares to a net cash position of €33.1 million at 31st December 2011 and €47.2 million at 30 June 2012 with no debt in the respective periods.

* Unaudited 

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