Parship FY Revenue Exceeds €125 Million

Scott Harvey 9th July 201910th July 2019

Revenue at dating umbrella Parship has exceeded €125 million for FY 2017, with 93% of this income earned from users in Germany, Austria and Switzerland. For 2016, the figure was €117.1 million.

Profit rose from €18.6 million to €32.4 million year-on-year. The company attributes the growth both to a rise in prices and to an increase in the number of subscriptions.

Other positives included the successful integration of IT infrastructure across Parship and ElitePartner offerings, and the optimisation of marketing tools to boost efficiency in acquisition.

The company recently acquired legacy brand eharmony at the adjusted enterprise value of $85 million.

Tim Schiffers, CEO of PARSHIP ELITE Group, said at the time: “eharmony is the inventor of scientifically based matchmaking. They have supported millions of singles in finding the right partner for a happy relationship.

“Parship and ElitePartner follow the same successful approach. We are extremely happy to in the future combine this matchmaking competence under one roof. We are very much looking forward to working together with [eharmony CEO Grant Langston] and his team.”

Parship also owns beziehungsweise, a lifestyle magazine concerning dating and relationships with over 900,000 monthly readers.