Meetic : 2012 Annual Results

  Meetic :2012 Annual Results

                             Net Profit up 31.9%

Business Wire

BOULOGNE-BILLANCOURT, France -- February 6, 2013

Reulatory News:

MEETIC (Paris: MEET) (FR0004063097), the European leader in online dating,
today announces its consolidated and audited results for the financial year to
31^st December 2012, approved by the Board meeting ^ 1 of 1^st February 2013.

  *Consolidated revenue

                                             
In millions of euros  31/12/2012   31/12/2011   Δ
                      (12 months)  (12 months) 
Internet               156.9         172.6         -9.1%
% of total revenue    95%          97%          
Mobile                 6.7           4.1           +64.2%
% of total revenue    4%           2%           
Others                 1.2           1.6           -23.5%
% of total revenue    1%           1%           
TOTAL                 164.8        178.3        -7.5%

2012 consolidated annual revenue totalled €164.8 million, down 7.5% on the
previous year.

Revenue for the 4^th quarter of 2012 came to €42.0 million, higher than the
three previous quarters of the year.


          2012                                2011
In €      Internet  Mobile  Others  Total  Internet  Mobile  Others  Total
millions
Q1        39.1      1.7     0.3     41.2   45.0      0.8     0.4     46.2
Q2        39.0      1.6     0.3     40.8   44.9      0.9     0.4     46.2
Q3        38.8      1.8     0.3     40.8   42.5      1.0     0.3     43.8
Q4        40.0      1.6     0.3     42.0   40.2      1.4     0.5     42.1

Subscriber indicators:

  *The Group had a total of 768,572 subscribers at 31^st December 2012,
    versus 762,099 subscribers at 31^st December 2011.
  *Monthly ARPU (Average Revenue Per User) was 17.73 euros over the 2^nd half
    of 2012, compared with 17.48 euros over the first half of 2012. Over the
    year as a whole, monthly ARPU was 17.60 euros, versus 17.38 euros in 2011,
    a 1% improvement on the year.

  *2012 consolidated results


In millions of euros (IFRS)          31/12/2012      31/12/2011      Δ
                                      (Consolidated)   (Consolidated)
Revenue                              164.8           178.3           -7.6%
EBITDA* before the cost of free      39.1            40.3           
shares                                                                  -3.0%
% of total revenue                   23.7%           22.6%          
EBITDA *                              36.8             36.2             +1.6%
% of total revenue                   22.3%           20.3%          
Operating profit                      31.6             27.9             +13.4%
% of total revenue                   19.2%           15.7%          
Share of profit from JV using the    1.1             1.9             -41.7%
equity method
Depreciation of investments and
receivables                          -10.3           -10.6           -2.8%

on investments in associates
Net profit from maintained           11.7            8.9             +31.9%
activities
Net profit                            11.7             8.9              +31.9%
% of total revenue                   7.1%            5.0%           

* Earnings Before Interest, Taxes, Depreciation and Amortization

Marketing expense:

2012 marketing expense totalled €77.6 million or 47.1% of revenue, compared to
€92.5 million and 52.0% of revenue in 2011.

EBITDA margin: 22.3%

Profitability significantly improved in 2012, with Earnings Before Interest,
Taxes, Depreciation and Amortisation(EBITDA), after the cost of free shares,
thus totalling €36.8 million, giving an EBITDA margin of 22.3% in 2012
compared with 20.3% in 2011.

Depreciation of investments and receivables on investments in associates:

The Group’s share of net income from associates decreased from €1.9 million in
2011 to €1.1 million in 2012.
In addition, the Group recorded an impairment charge for the carrying value of
our Latin American investment of €10.3 million in depreciation and associated
receivables given relative underperformance compared to expectation.

Net profit: +31.9%

Annual net profit totalled €11.7 million, giving a net margin of 7.1% in 2012
compared with 5.0% in 2011.

Cash position: €63.4 million

At 31^st December 2012, the Group had a net cash position of €63.4 million and
no debt. Its net cash position at 31^st December 2011 was €33.1 million.

About Meetic Group, European online dating leader (www.meetic-corp.com):
Meetic manages two services in Europe: online dating and matchmaking, mainly
under the Meetic and Meetic Affinitybrands, and markets two highly
complementary economic models on the dating market, one based on internet use,
the other on mobile phones. By acquiring the European activities of world
leader match.com in June 2009, Meetic has strengthened its first place on the
continent. The group is currently established in 15 European countries, and is
available in 11 languages. From inception, the group has pursued a clear
leadership strategy focusing on quality, innovative marketing and perfect
technological expertise. Meetic works hard to optimize service quality and to
satisfy every possible expectation of its European subscribers.
IAC/InterActiveCorp is Meetic’s main shareholder, with an 81% stake.

    Listed on Euronext Paris - Compartment B of the NYSE Euronext - ISIN:
                                 FR0004063097

Meetic
Finance department
Stéphanie Pardo

                                   * * * *

^1 Audit procedures have been carried out on the Group’s consolidated
accounts. The audit reportwill be issued once the necessary proceduresfor
verifying footnotes to the consolidated financial statements and management
report havebeen completed.

Contact:

NewCap.
Investor relations
Pierre Laurent
Axelle Vuillermet
Tel.: +33 (0)1 44 71 94 94
meetic@newcap.fr