THE MOTLEY FOOL - May 22 - IAC, parent company of Match Group, has seen its stock up ~30% in the past 12 months, and 300% since 2009. IAC's Q1 revenue was $740M, with Match Group accounting for $211, and Search & Applications netting $398M. Match Group revenue grew 9% in Q1. Domestic sales were up 7%, international up 12%. The number of people who have tried a dating product grew by ~20%, Match believes that will lead to 20% growth in the company in the next 5 years.
by Philip Saglimbeni
The full article was originally published at The Motley Fool, but is no longer available.
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