MEETIC (MEET FR0004063097), the European leader in online dating, today announces its consolidated and audited results for the financial year to 31st December 2011, approved by the Board meeting1 of 26th January 2012.

Revenue for the 4th quarter of 2011 totalled 42.1 million. It reflects both the impact of the increase in competitive pressure and the Group’s decision to continue optimising its marketing expenditure, within a context where advertising costs are traditionally higher in the 4th quarter.

The Group had a total of 762,099 subscribers at 31st December 2011, compared to 797,093 subscribers at 30th September 2011 and 858,197 subscribers at 31st December 2010.

Monthly ARPU (Average Revenue Per User) was 16.9 over the second half of 2011, versus 17.5 over the first half of 2011. Over the year as a whole, monthly ARPU was 17.2, versus 18.9 in 2010.

Payment of an interim dividend of 0.87 per share

At its meeting of 12th December 2011, Meetic’s Board of Directors decided to pay an interim dividend of 0.87 per share with regards to the 2011 financial year. This interim dividend was paid on 19th December 2011.

EBITDA margin (after the cost of free shares): 20.3%

Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA), after the cost of free shares, totalled 36.2 million, giving an EBITDA margin of 20.3%, within the guidance bracket reaffirmed throughout the year.

Marketing expenditure totalled 11.8 million over the 4th quarter of 2011, taking annual marketing expenditure to 92.5 million, or roughly 52% of revenue, compared to 94.8 million and 51% of revenue in 2010.

Depreciation of investments and receivables on investments in associates

The Group’s share of net income from associates increased from 1 million for six months of activity in 2010 to 1.9 million for 12 months of activity in 2011.

The Group’s net profit, impacted by this depreciation, thus totalled 8.9 million at 31st December 2011 versus 24.2 million in 2010.

At 31st December 2011, and following the payment of a dividend totalling 20 million on 19th December 2011, the Group had a cash surplus of 33.1 million. Operating cash flow totalled 22.5 million over 2011. The audit report will be issued once the necessary proceduresfor verifying footnotes to the consolidated financial statements and management report have been completed.