Meetic, Europe's biggest publicly traded Internet dating site, fell to a record in Paris trading after second-quarter sales missed analysts' estimates and fewer singles signed up for its service. Revenue rose 12 percent to 31.1 million euros ($49 million), missing the 33.6 million-euro average estimate of two analysts. The quarterly numbers were calculated by Bloomberg, based on first-half figures Meetic released late yesterday.
The Meetic company, based in Boulogne-Billancourt, outside of Paris, is seeking to double earnings in four years by charging more of its Web-site users and expanding in Germany and the U.K., Chief Executive Officer Marc Simoncini said in May. Meetic added 12,097 new subscribers in the second quarter, less than the 62,000 added in the previous three months. Simoncini has said Meetic's profit margin will drop in the next three years on increased investments.
For Meetic website users this news are not crucial but they should expend some kind of activity from website. Website owners will be forced to lower their advertising expenses and get more profit from services. So members can expect some special offers with hidden terms like 3-6 month billing when offer will expire. Be aware of this if you planning to use Meetic as your online dating provider.
Meetic