WSJ - May 2 - IAC/InterActiveCorp.'s Q1 profit soared 91% from a year earlier as the Internet conglomerate ramped up revenue from its online dating and search engine businesses. Revenue from Match.com, OK Cupid and Meetic increased 56% to $174.3M. Meetic saw particular gains under IAC's control, boosting revenue 44% to ~$36M.
The full article was originally published at WSJ, but is no longer available.
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In internet dating, size does matter. Match is the 700lb gorilla and is enjoying oversized profits compared to the rest of the industry.
Posted by: Mark Brooks | May 04, 2012 at 03:00 PM