BLOOMBERG - Feb 2 - IAC/InterActiveCorp said that its fourth-quarter revenue jumped 27% due mainly to growth in online advertising and in its Match online dating business. For the quarter that ended Dec. 31, IAC earned $87M, or 90c per share, compared with a loss of $1.0 billion, or $7.94 per share, in the fourth quarter of 2009. For IAC's Match unit, which includes Match.com and Chemistry.com, revenue jumped 30% to $108.3M. Total subscribers to IAC's dating sites climbed 30% to 1.8M by the end of the quarter.
The full article was originally published at Bloomberg, but is no longer available.
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Match is finally over the $400 million a year run rate. Now, can they hold there, and grow further. They're acquiring and consolidating the industry like crazy, right now. OKCupid is their newest addition to the fold.
Mark Brooks
OnlinePersonalsWatch
usa 212-444-1636 / uk 020-8133-1835
Posted by: Mark Brooks | Feb 03, 2011 at 04:34 PM