MEETIC : Results for the 1st Quarter of 2013

Substantial Increase in the Subscriber Base: +124,000

Regulatory News:

MEETIC (Paris:MEET) (MEET - FR0004063097), the European leader in online dating, today announces its consolidated quarterly results for the 1^st quarter to 31^st March 2013.

• MEETIC's revenue to 31^st March 2013 (excluding Massive Media)

In millions of euros		31/03/2013		31/03/2012		Var.
IFRS		MEETIC excluding Massive Media		MEETIC excluding Massive Media		MEETIC excluding Massive Media
Internet		39.6		39.1		1%
% of total revenue		95%		95%
Mobile		1.7		1.7		-
% of total revenue		4%		4%
Other		0.3		0.3
% of total revenue		1%		1%
Total		41.6		41.2		1%

Unaudited

MEETIC's revenue (excluding Massive Media) for the 1^st quarter of 2013 increased 1% to ?41.6 million.
MEETIC grew 54,202 subscribers to 811,534, representing 7% growth.

• MEETIC's results to 31^st March 2013 (excluding Massive Media)

In millions of euros (IFRS)		31/03/2013		31/03/2012		Var
		MEETIC excluding Massive Media		MEETIC excluding Massive Media		MEETIC excluding Massive Media
Revenue		41.6		41.2		1%
EBITDA* before the cost of free shares		3.7		5.9		-37%
% of total revenue		8.9%		14.3%
EBITDA*		4.1		5.2		-21%
% of total revenue		9.8%		12.5%
Operating profit		2.7		4.2		-36%
% of total revenue		6.5%		10.3%
Share of profit from JV using the equity method		0.4		0.4		-
Net profit from maintained activities		3.1		3.4		-9%
Net profit		3.1		3.4		-9%
% of total revenue		7.4%		8.2%

Unaudited * Earnings Before Interest, Taxes, Depreciation and Amortization

Marketing Expense (excluding Massive Media)
Marketing expense reflects a planned increase and totalled ?24.6 million for the 1^st quarter 2013, corresponding to 59% of revenue, compared with ?23.7 million or 58% of revenue over the 1^st quarter of 2012.

Other expenses (excluding Massive Media)
Other expenses increased by ?1.7 million from ?11.6 million over the 1^st quarter of 2012 to ?13.3 million over the 1^st quarter of 2013. The increase reflects product development costs and ?0.3 million in connection with the relocation of the Company's head offices.

EBITDA margin: 9.8% - EBITDA margin before the cost of free shares: 8.9% (excluding Massive Media)
As a result of these investments, Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) totalled ?^4.1 million at 31^st March 2013, compared with ?^{5.2 million at 31st March 2012.}

Net profit: ?3.1 million (excluding Massive Media)
MEETIC's net profit totalled ?3.1 million over the quarter, compared with ?3.4 million over the quarter to 31^st March 2012.

• MASSIVE MEDIA's contribution to MEETIC Group Consolidated results to 31^st March 2013

Massive Media, the company behind Twoo.com, was acquired by MEETIC and consolidated in January 2013.
Massive Media reached 69,796 subscribers as of March 31, 2013.

Massive Media's net contribution includes ?1.7 million in non-cash expenses corresponding to amortization expenses and loss on long term contingent consideration.

• Consolidated results to 31^st March 2013 (MEETIC + Massive Media)

In millions of euros (IFRS)		31/03/2013		31/03/2012		Var
		Consolidated = MEETIC & Massive Media		Consolidated = excluding Massive Media
Revenue		43.7		41.2		6%
EBITDA* before the cost of free shares		4.3		5.9		-28%
% of total revenue		9.8%		14.3%
EBITDA*		4.6		5.2		-10%
% of total revenue		10.5%		12.5%
Operating profit		2.1		4.2		-50%
% of total revenue		4.8%		10.3%
Share of profit from JV using the equity method		0.4		0.4		-
Net profit from maintained activities		1.7		3.4		-50%
Net profit		1.7		3.4		-50%
% of total revenue		3.8%		8.2%

Unaudited * Earnings Before Interest, Taxes, Depreciation and Amortization

Net Cash position: ?46.8 million
At 31st March 2013, the Group had a cash position of ?47.6 million and ?0.9 million in debt, compared with a net cash position of ?63.4 million at 31^st December 2012.

About Meetic Group, European online dating leader (www.meetic-corp.com):
Meetic manages online dating services, mainly under the meetic, meetic affinity, match and twoo brands, and markets two highly complementary economic models on the dating market, one based on internet use, the other on mobile phones. From inception, the group has pursued a clear leadership strategy focusing on quality, innovative marketing and perfect technological expertise. Meetic works hard to optimise 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

* * * *

Results for the first half of 2013 will be published on:
31^st July 2013, before market

Meetic Group Finance department
Elisabeth Peyraube
or
NewCap
Financial communication
Pierre Laurent
Louis-Victor Delouvrier
Tel.: [phone]
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