IAC - July 29 - The Match Group revenue increased 19% to $254.7M. Operating income is down 16%. The number of paid subscribers grew 18% YOY globally to ~4.1M. Tinder was the major contributor. It is interesting to note that Tinder has more paying subscribers outside of North America. The Match Group international paid subscribers grew 34% YOY. On July 14, 2015, Match announced the acquisition of PlentyOfFish for $575M in cash. Gregg Blatt, Chairman of Match Group, disclosed that IAC paid about 13 times EBITDA.
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The Match Group Q2 Financial Results: Revenue Up 19%, Paid Subscribers Up 18%
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Will be very excited to see how well Match does with POF. I'm sure they will see their revenue increase. I predict around 15% more in revenue just from this acquisition.
Posted by: Rick with eMeeting Dating Software | Jul 30, 2015 at 07:41 PM