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MatchNet plc reports $2.53 million 3Q loss

Revenues were $9.27 million, an increase from $3.09 million in 3Q 2002. Lossses of $2.53 million for the quarter are attributed to heavy investment in market share.

MatchNet plc owns American Singles, JDate, Glimpse, and CollegeLuvTM.

The heavy losses make me wonder if anyone is really making any money in online dating, despite the large amounts of money being spent by subscribers.

link to press release

posted November 21, 2003