Spark Networks, Inc. (LOV) Misses Q3 EPS by 3c

Spark Networks, Inc. (NYSE: LOV) reported Q3 EPS of ($0.03), $0.03 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $11.7 million versus the consensus estimate of $12.33 million.

"We recognize that the online dating industry is highly fragmented and believe that only those firms that achieve scale will survive. Accordingly we are in the early stages of retaining a financial advisor to best position the company to further participate in the ongoing industry consolidation.

"When we started this turn around at the beginning of the year we spoke of a crawl, walk, run strategy. While our 'pace' definitely quickened in Q3, there is still plenty of work to be done. We remain committed to driving revenue and EBITDA growth and continuing to execute against our product improvement roadmap. We've assembled a team that is finding its stride, hitting its goals and finding ways to scale. We've significantly bolstered our product development capabilities and are proving that we can launch innovative and valuable products for our customers. And finally through both organic development and acquisitions we are proving that we can build and grow fantastic brands that serve important market niches. It is a very exciting time for Spark."

For earnings history and earnings-related data on Spark Networks, Inc. (LOV) click here.

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