Jul
31
IAC’s Romance With Online Dating Deepens As Revenue Grow
Posted in: UncategorizedBarry Diller’s IAC/InterActiveCorp seems to be in love with its suite of online dating services.
The company — which owns Match.com, OKCupid, Tinder and Europe’s Meetic — beat analysts’ expectations for the second quarter when on Tuesday it reported second-quarter revenue growth of 23%, partly on the strength of its dating sites.
Revenue from Match, Inc. — the umbrella company that oversees the portfolio of dating sites — was $194 million, 9% above the same period last year, and ahead of analysts’ expectations of $193 million. IAC expects that percentage growth to accelerate into the low double-digits during the second half of the year, it said.
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