Spark Networks supplies monetary steerage for the 12 months 2021
BERLIN, March 8, 2021 / PRNewswire / – Spark Networks SE (NYSE: LOV), one of many world’s main on-line relationship firms, right this moment introduced its monetary steerage for the present fiscal 12 months.
The corporate expects whole income for fiscal 2021 to be between $ 238 million and $ 244 million. Administration expects 2021 Adjusted EBITDA to achieve between $ 33 million and $ 36 million.
“I’m excited concerning the product enhancements and model investments that we’re planning in 2021,” stated Eric Eichmann, CEO. “These, together with Spark’s many accomplishments in 2020, are anticipated to result in income progress in 2021.
About Spark Networks SE:
Spark Networks SE is America’s second largest relationship firm, listed on the New York Inventory Trade below the image “LOV”, headquartered in Berlin, Germanyand workplaces in New York and Utah. The corporate’s increasing portfolio of premium and freemium relationship apps consists of Zoosk, EliteSingles, Christian Mingle, Jdate, JSwipe, SilverSingles, and eDarling, amongst others. Spark Networks SE in its present kind is the results of the merger of Affinitas GmbH and Spark Networks, Inc. in 2017 and the addition of Zoosk, Inc. in 2019. Spark Networks has roughly a million paying subscribers monthly on the planet.
Secure Harbor Declaration:
This press launch comprises forward-looking statements inside the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended, statements involving recognized and unknown dangers. , uncertainties and different components. which will trigger the efficiency or achievements of Spark Networks to vary materially from the anticipated future outcomes, efficiency or achievements. These statements include statements relating to Spark Networks’ projected monetary efficiency, whole income, EBITDA and progress. All statements contained on this press launch that aren’t statements of historic truth may be thought of as forward-looking statements. Written phrases, equivalent to “believes”, “hopes”, “intends”, “estimates”, “expects”, “plans”, “plans”, “anticipates”, and their variations, or the usage of the longer term, establish ahead – forward-looking statements. By their nature, forward-looking statements and forecasts contain dangers and uncertainties as they relate to occasions and rely upon circumstances which can happen within the close to future. There are a variety of things that would trigger precise outcomes and developments to vary materially, together with, however not restricted to, dangers related to establishing and sustaining model energy; entice new members, convert members to paid subscribers and retain current subscribers; the chance that the advantages arising from the acquisition of Zoosk, Inc. is probably not totally realized or might take longer than anticipated; dangers associated to the diploma of competitors within the markets during which Spark Networks operates; preserve the present variety of Spark Networks paying subscribers to keep up or improve its present stage of income; the shortcoming to maintain tempo with speedy technological change; dangers related to mental property rights, together with safety and claims for infringement; capacity to draw and retain customers by means of worthwhile advertising and marketing; be topic to previous cybersecurity incidents and potential for future assaults; Spark Networks’ capacity to adjust to new and evolving information safety and information privateness rules; and common market competitors and value measures. Extra components which will trigger precise outcomes to fluctuate are mentioned below the heading “Threat Components” in Spark Networks’ Annual Report on Type 20-F for the 12 months Ended December 31, 2019 and in different sections of the Filings. Spark Networks with the Securities and Trade Fee (“SEC”), and in different present and periodic experiences of Spark Networks filed or offered on occasion with the SEC. All forward-looking statements contained on this press launch are made as of the date hereof, primarily based on info obtainable to Spark Networks as of the date hereof, and Spark Networks assumes no obligation to replace any forward-looking statements, besides if the regulation requires it.
Vice President of Investor Relations
SOURCE Spark Networks SE