19.11.2003 – 20:48

MatchNet plc

euro adhoc: MatchNet plc
Quarterly or Semiannual Financial Statements
MatchNet® plc Reports Third Quarter 2003 Results (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.

LOS ANGELES, 19.11.2003 - MatchNet plc (MHJG: Frankfurt Stock
Exchange - Prime Standard), one of the largest providers of online
personals worldwide, today reported results for the three and nine
month periods ending September 30, 2003. 
Revenues for third quarter 2003 were USD 9,27 Mio. compared to USD
3,50 Mio. in Q3 2002.  The growth in revenue is attributed to an
increase in total subscribers, to actually 134.189. Gross profit
increased to USD 8,41 Mio. compared to USD 3,09 Mio. in the third
quarter 2002.  Marketing expenses increased to USD 3,75 Mio. compared
to USD 0,86 Mio. in Q3 2002.  Operating expenses were USD 6,75 Mio.
or 73% of revenues compared to USD 2,02 Mio. in 2002. This increase
is primarily a result of one time, non-cash charges of USD 1,78 Mio.
taken during Q3 2003. Net loss in the third quarter 2003 was USD 2,53
Mio., compared to a net income of USD 0,45 Mio. in the same period of
2002, primarily due to heavy investment in market share and the
one-time charges discussed above.
For the nine months ending September 30, 2003, total revenues were
USD 25,36 Mio. (2002: USD 11,30 Mio.) Gross profit increased to USD
23,27 Mio. from USD 10,28 Mio. in the same period last year.
Marketing expenses increased to USD 11,98 Mio. (2002: USD 2,64 Mio.),
operating expenses increased to USD 13,51 Mio. (2002: USD 6,31 Mio.).
Net loss was USD 3,93 Mio. compared with net income of USD 1,39 Mio.
in the first nine months of 2002.
Conference Call:
MatchNet will host an analyst call to discuss its financial results
for the third quarter 2003 on Thursday, November 20, 2003 at 7:00
a.m. Pacific Time (US & Canada), 3:00 p.m. London and 4:00 p.m.
Frankfurt time. Please contact us for access details.
About MatchNet plc:
MatchNet plc is one of the world’s largest providers of online dating
services. The MatchNet network includes AmericanSingles®.com,
FaceLink®.com, MatchNet.de, MatchNet.co.uk, and MatchNet.com.au. In
addition, the Company operates JDate®.com & JDate.co.il, the dominant
Jewish dating services worldwide; GlimpseTM.com, an online dating
community for relationship-minded gay men and women; and
CollegeLuvTM.com, an online destination for the college-age
demographic.  MatchNet was incorporated in England in 1998. More
information is available at www.MatchNet.com

end of announcement        euro adhoc 19.11.2003

Further inquiry note:

Elmar Bob
+ 49 69 74 09 37 88
Elmar@MatchNet.com

Branche: Online
ISIN: US5766601042
WKN: 930129
Index: Classic All Share, Prime All Share, Prime Standard
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Niedersächsische Börse zu Hannover / free trade
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Hamburger Wertpapierbörse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade