Additional Information
Market: AIM
Sector: Software & Computer Services
EPIC: CUP
Latest Price: 45.00p  (0.56% Ascending)
52-week High: 94.00p
52-week Low: 42.25p
Market Cap: 32.04M
1 year chart More charts
Deal CUP Tax Free*
*subject to change and depends on individual circumstances.
1 day chart More charts
Advertisement
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Cupid Plc
www.cupidplc.com
Deal Cupid Plc Tax Free* Losses can exceed
your initial deposit
*subject to change and depends on individual circumstances.
Cupid plc is the UK's leading on line dating service, and operates a network of sites globally. Cupid plc began its international expansion in 2009 and continues to grow in all other English speaking territories outwith the UK including India, and will launch in mainland Europe and Brazil in 2011. 
Pdf

Cupid Plc says it's beating market expectations as online dating gains credibility

May 25 2011, 2:13pm Cupid said that its business continues to grow as the online dating industry becomes increasing acceptable and credible

Shares in Cupid Plc (LON:CUP) soared after the online dating firm revealed that its current trading is beyond the market’s expectations.

The group is now generating more than £4 million in revenue each month. Crucially the business continues to grow as the online dating industry becomes increasing acceptable and credible, the company said. 

Indeed the industry’s credibility was demonstrated earlier this year when the UK’s office of national statistic’s included online dating fees into the ‘basket’ of goods that is used to calculate inflation – Consumer Price Index (CPI). 

Enamoured investors couldn’t keep their hands off the buy button. On AIM, the shares advanced 33.5 pence each, about 26 percent, to trade at 162 pence - the highest level to date.

The company initially listed on AIM last summer under its previous name easydate – it was renamed in January 2011 – since then it has made a number of acquisitions and it keeps expanding.

"We are very pleased with this continuing strong performance. Our growing revenues are a reflection of our continued geographical growth and increased uptake of our mobile applications," said chief executive Bill Dobbie.

"Underlying this is the increasing global acceptance and credibility of the online dating industry which is leading to further demand for the services we offer. We are very pleased to upgrade our forecasts for 2011, 2012 and 2013 and look forward to this growth continuing."

The company highlighted that over 50 percent of monthly revenues now come from outside, specifically it said that its business is performing exceptionally well outside in North America. In India it said that both usage level and subscription uptake is beating expectations.

It has also bought internet domains to focus on the French market and it intends to focus on targeted mergers and acquisitions in European markets.

Overall Cupid said that it has a high degree of confidence in its current performance as well as the potential for future growth opportunities, which will go beyond the levels previously forecast.

“Cupid continues to exceed its own and the market’s expectations,” said Paul Morland at City firm Peel Hunt. “After three upgrades to 2010 forecasts, we now have material upgrades for 2011. 

“The key to this success continues to be a class leading software platform, combined with highly effective on line advertising in a growth market.”

Cupid’s user base currently exceeds 23 million members, in 39 countries.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.