OPW – Nov 10 – Answer: Greg Blatt, the Chairman of Match Group. His salary was $500k in 2014, down from a cool million a year in 2013, and 2012. His total remuneration with stock awards for 2012, 2013 and 2014 totals $25 million.
A contender for the #2 spot is Sam Yagan, the CEO of Match Group. His salary is $500k but his total remuneration for 2012, 2013 and 2014 totals $12.77 million.
What do you think? Who else is at the top of the earnings tables?
Post by Mark Brooks @
BLOOMBERG BUSINESS – Nov 10 – Justin McLeod, Hinge‘s CEO, and Bloomberg Intelligence’s Paul Sweeney discuss Match‘s IPO filing and the recent trends in online dating.
See full article at Bloomberg Business
BIZBEATBLOG – Nov 10 – Match.com has rented a big block of office space across the street from NorthPark Center mall in Dallas. Match moved to Dallas from San Francisco in 1999.
by Steve Brown
See full article at The Dallas Morning News
NYPOST – Nov 9 – IAC will sell a 14% stake in Match Group to the public in an IPO later this year. The 33.3M shares will be priced between $12 and $14. At the midpoint, Match Group will raise $433M. Proceeds will go to repay debt owed to IAC.
FT.COM – Nov 9 – Match Group is aiming to raise as much as $433M in its IPO. The company was looking to sell 33.3M shares at a range of $12 to $14 each.
by Shannon Bond & Nicole Bullock
See full article at Financial Times
BUZZFEED – Oct 27 – Match has said that generating ad revenue "has historically not been a principal focus" and that on Tinder, it has sold less than 2% of all available advertising spots. So while more ads will be showing up on Tinder in the long run, the company still needs to figure how to get people to pay for mobile products. Blatt said that Tinder’s subscription products continue to perform well, especially its "Super Like".
by Matthew Zeitlin
See full article at Buzzfeed
Summarized by
PR NEWSWIRE – Oct 26 – The Match Group revenue increased 19% YOY to $274M. Operating income increased 8% to $72M. The number of paid subscribes is up 16% (North America +7%, International +34%). The IPO is expected to be completed in Q4 2015.
The full article was originally published at Seeking Alpha, but is no longer available.
Summarized by
WSJ – Oct 16 – Match Group, owner of Tinder, OkCupid and Match.com has filed to go public on Friday. Their shares would be listed on Nasdaq under the symbol MTCH. The preliminary filing indicated Match would raise up to $100 million. Match Group's parent company IAC will retain over 50% of voting rights after the IPO.
The company logged $888.3 million in revenue in 2014, up about 11% from the previous year, according to its filing with the Securities and Exchange Commission. Match's net income for 2014 was $148.4 million, up 18% year over year. All Match's dating properties have more than 59M MAU and approximately 4.7M paid members.
by Georgia Wells & Maria Armental
See full article at WSJ
This post also appears on InternetDatingInvestments.
ACCESSWIRE – Oct 14 – Founder and former CEO Clifford Lerner steps down to head mobile dating app, 'The Grade'. As President of The Grade, Mr. Lerner's primary responsibilities will be to scale The Grade's user base, oversee its growth and drive market penetration. Alex Harrington joined SNAP in 2014 as COO and CFO. Previously, Mr. Harrington served as CEO of MeetMoi, a pioneer in the mobile dating industry, which was sold to Match.com.
See full article at Baystreet.ca
NYMAG – Oct 6 – Users choose dating apps the same way they choose bars – based on the people. The make-or-break factor in whether users stick around, is the crowd. With new apps getting launched every few months, the dating app people will like best is the one that happens to have a user base that fits the demographic of people they want.
Here's a breakdown of some of the dating apps Maureen O'Connor, a sex columnist, have experimented with:
Dating apps, like all social situations, are malleable. They're whatever people want them to be.