PRNEWSWIRE – Feb 2 – Total Q4 revenue increased 12%, net income declined by 26%. Dating revenue grew 14% driven by increases in both North America (up 11%) and International (up 14%). Non-dating revenue declined 2%. Operating costs and expenses increased $28.5M compared to Q4 2014, including $14.9M of increased stock-based compensation expense and $8.7M of increased cost of revenue due to higher in-app purchase fees from mobile products.
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Summarized by the Courtland Brooks team
