Facebook Developer SNAP Posts 3Q Net Loss Despite Revenue Growth

Facebook application developer SNAP Interactive posted its 10th consecutive quarter of revenue growth, although the third quarter of 2011 also brought a net loss to the company.

Facebook developer SNAP Interactive, best known for the Are You Interested dating application, posted its tenth consecutive quarter of revenue growth, although the third quarter of 2011 also brought a net loss to the company.

The parent of Are You Interested said i third-quarter revenue exceeding $5 million represented a 198 percent leap from $1.7 million in the third quarter of 2010.

SNAP posted a net loss of $511,290 versus net income of $87,289 in the year-earlier period.

The company’s third-quarter highlights included:

  • The addition of more than 3.3
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