Dating company Cupid reports growth for 2010
- 8 March 2011
- From the section Scotland business
Scottish online dating company Cupid has announced a 202% increase in revenue to £25.7m for 2010.
Pre-tax profits for the Edinburgh-based company rose to £4.16m from £983,000 in 2009.
Cupid agreed to stop using the easydate.com brand after a challenge from the company which owns Easyjet last December.
It also bought the rights to use the US web domain flirt.com for £800,000 towards the end of last year.
Cupid's sites include datetheuk.com, cupid.com, datingforparents.com and benaughty.com, as well as hosting dating sites for other companies.
It listed on London's Alternative Investment Market in June 2010.
CEO Bill Dobbie said: "Our maiden full year results show rapid growth and reflect a very successful period since our AIM debut.
"We are in a very strong position and remain confident that we will grow value for shareholders in 2011 and beyond."
The company also indicated that its goal was to have more than 50% of revenues coming from overseas by the end of 2011, while continuing UK growth.
Cupid operates a number of different online sites and has 13 million customer profiles registered with it throughout the world.
It employs about 15 people in Edinburgh at its head office - it also has 200 workers based in the Ukraine.