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.
See full article at IAC website
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.
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.