On Friday, Spark Networks SE (NYSE: LOV) ended the last transaction at $5.14., with a change of -2.88%. It holds an average volume of 117049 shares. In recent session, the stock hit the peak level of $5.4 and touched to lowest level of $4.93.
Spark Networks SE (LOV) stated its first half 2019 financial results recently.
“With the completion of the Zoosk acquisition, 2019 is already the most transformational year in Spark’s history,” stated Jeronimo Folgueira, CEO of Spark Networks. “The Zoosk brand is a great complement to our existing portfolio and we are working hard to execute against our integration plans to achieve our $15M cost saving target. Beyond Zoosk, we remain focused on the North American market and on driving yearly growth in Adjusted EBITDA. While International Revenue performed below our expectations Because of temporary issues with a few marketing partners, I am happy with our first half 2019 results in North America where we drove yearly growth across every key performance indicator – registrations, paying subscribers, Monthly Average Revenue Per User, Revenue and Contribution.”
Key Performance Indicators
- Average Paying Subscribers reduced 9.0% to 444.9 thousand in the first half of 2019, contrast to 489.0 thousand in the same period of 2018.
- Monthly ARPU increased 2.0% to €18.44 in the first half of 2019, contrast to €18.07 in the same period of 2018.
- Spark is focused on completing the post-close merger integration of the Zoosk Acquisition as efficiently as possible, and we believe our efforts will result in at least $50M of Adjusted EBITDA in 2020.
- Spark’s 2020 Adjusted EBITDA assumes $15M of realized cost synergies in 2020, which the Company is on-pace to achieve.
The volatility in the previous week has experienced by 11.10% and observed of 7.24% in the previous month.15.90% ownership is held by institutional investors while insiders hold ownership of 18.57%.