LOV - Spark Networks reports Q2 results; narrows FY22 soft guidance

• Spark Networks press release ( NASDAQ: LOV ): Q2 net loss was $8.8M, compared to $49.0M in the second quarter of 2021.
• Adjusted EBITDA loss was $1.7M, compared to Adjusted EBITDA of $8.6M in the second quarter of 2021.
• Revenue of $48.04M (-13.0% Y/Y).
• Total paid subscribers grew from 831,000 to 838,000 sequentially in the second quarter.
• "We now expect total revenue for the year to be down low to mid-single digits on a percentage basis as compared to 2021. On a constant currency basis, we expect full-year 2022 revenue to be consistent with full-year 2021 revenue. On the profitability side, although we expect full-year Adjusted EBITDA to be lower than previously anticipated, we expect to deliver low double-digit Adjusted EBITDA margins for the full year."

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