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Spark Networks (NASDAQ: LOV) reported its fourth quarter and full year 2022 results, revealing a revenue decline to $41.6 million, down from $52.0 million in Q4 2021. The net loss increased to $17.2 million. For the full year, revenue fell to $187.8 million, compared to $216.9 million in 2021, with a net loss of $44.2 million. Adjusted EBITDA for Q4 was $11.0 million (26% margin) and for the year was $18.5 million (10% margin). CEO Chelsea Grayson emphasized profitability through cost efficiency and targeted a 50% increase in Adjusted EBITDA for 2023, aiming for $28 million. The company is also focusing on leveraging its $250 million in NOLs to minimize tax liabilities.
Spark Networks SE (NASDAQ: LOV), a social dating platform, will release its 2022 financial results on March 30, 2023, after market close. The report will cover the fourth quarter and full year ended December 31, 2022. A conference call for analysts and investors is scheduled for the same day at 5:00 PM ET, providing an opportunity to discuss the results. Details for joining the call have been provided, along with access to a live and archived webcast on the company’s website. Spark Networks caters primarily to the 40+ demographic with apps like Zoosk and EliteSingles.
