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Spark Networks to Reveal Second Quarter Results on 15th August

Spark Networks is planning to release its financial results for the second quarter on Sunday, 15th August via Transfer Agent System.

The online dating company has started reporting its earnings quarterly in 2021, rather than bi-annually. CEO Eric Eichmann explained that the change will offer greater transparency to existing and potential investors.

A conference call to discuss the results and answer public questions will be hosted the following day at 4:30pm ET. A replay of the call will be available on the Investor Relations page approximately three hours after its conclusion, until 31st August.

The last report provided revenue guidance for the second quarter of $54-56 million, while expert analysts are predicting an average Earnings Per Share of 13 cents.

Spark’s share price has been on a steady decline since the beginning of June, with its value depreciating by a third during that time. Its market cap currently sits at just over $100 million.

Zoosk’s new livestreaming feature was rolled out in the main English-speaking markets last month. Singles can still have the opportunity to find a match by taking part in one of the available live dating games.

The update, which was created in collaboration with ParshipMeet Group, is part of Spark’s plans to have an added focus on social discovery.

David Clark will be joining the company on 10th August as Chief Financial Officer. Formerly of The Meet Group, Clark has plenty of experience working across the hybrid dating and entertainment industry.

Visit the Spark Networks website here.

Dominic Whitlock

Dominic is the Editor for Global Dating Insights. Originally from Devon, England he achieved a BA in English Language & Linguistics from The University of Reading. He enjoys a variety of sports and has a further passion for film and music.

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