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Meetic.com Stock Down

July 29th, 2008 · No Comments

Want to buy stock from a publicly traded internet dating company? Well, the international dating service Meetic.com (MEET:FP) is traded on the European stock exchange Euronext. The stock took a dive recently after the company reported second-quarter sales which missed analysts’ estimates. The company was still profitable but only had 12,097 new paying subscribers in the second quarter where it had 62,000 added in the quarter prior.

Meetic.com is based in Boulogne-Billancourt, right outside of Paris. They are looking to expand into Germany and the U.K. dating markets. I don’t see a shortage of singles out there so at 10 Euros a share it seems like a good bargain. Any of the US site analytics companies always report international websites completely wrong with the exception of Hitwise. I would say that Meetic is probably the largest international dating service next to Match.com with tens of millions of singles in more than 20 countries.

Bloomberg.com Europe Article: Meetic Plunges to Record After Sales Miss Estimates

Tags: Dating Industry News

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