euro adhoc: MatchNet plc
Quarterly or Semiannual Financial
Statements
MatchNet reports first quarter 2004 results (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Revenue of USD 15,1 million Positive adjusted EBITDA of USD 1,8 million Investor Conference Call scheduled today
BEVERLY HILLS, USA, May 27, 2004 - MatchNet plc, a leading provider of online personals, today reported financial results for the first quarter ended March 31, 2004. Revenue in the first quarter of 2004 was USD 15,1 million, from USD 7,0 million compared to the first quarter of last year. Adjusted EBITDA was USD 1,8 million. The net loss in the first quarter was USD 3,0 million, compared to losses of USD 591.000 in the first quarter of last year. This figure includes non-recurring payments of USD 2,4 million. Compared to the first quarter of 2003, membership at March 31, 2004 grew 42 percent from 6,7 million to 9,5 million. Subscribers at March 31, 2004 increased 95 percent to 215.000 from 110.000 compared to the same period last year.
Full year 2003 results MatchNet filed its audited results for the full year 2003 and re-audited full- year results for 2001 and 2002. Revenue for the year ending December 31, 2003 was USD 36,9 million (2002: USD 16,4 million). The net loss for the years ending December 31, 2003 was USD 10,9 million (2002: 524.000) The increase in net loss from 2002 to 2003 was largely the result of an increase in marketing in order to drive traffic, and an increase in general and administrative expenses to support future growth.
Investor conference call The company will discuss its first quarter 2004 results and outlook for the full year during a live teleconference today at 9:00 a.m. Pacific time (US & Canada) and 6:00 p.m. Frankfurt time. Call Title: "Q1 04 Investor Call" United States, Canada: +1 (877) 241-6722 International: +1 (706) 634-2477 Interested parties may join the call or listen to the replay that is scheduled to begin today at approximately 1:00 p.m. Pacific time and run for one week.
About MatchNet plc MatchNet plc is a leading provider of online personals. MatchNet is traded on the Frankfurt Exchange under the symbol "MHJG." The Companys Global Depository Shares trade under the symbol "MHNTq". The MatchNet network includes AmericanSingles®.com, JDate®.com, JDate.co.il, MatchNet.de, MatchNet.co.uk, MatchNet.com.au, Glimpse.comTM, CollegeLuvTM.com, Date.caTM, and FaceLink®.com. MatchNet was incorporated in England in 1998. More information is available at www.MatchNet.com
For more information: Ken Ross Tel.: + 1 (323) 658-3010 E-Mail: kross@matchnet.com
Elmar Bob Tel.: +49 (69) 74 09 37 88 Fax: +49 (69) 74 09 37 87 E-Mail: elmar@matchnet.com URL: http://www.MatchNet.com
end of announcement euro adhoc 27.05.2004
Further inquiry note:
Elmar Bob
Tel.: +49 (69) 74 09 37 88
Fax: +49 (69) 74 09 37 87
E-Mail: 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
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Börse Düsseldorf / free trade
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