by James Cook
See full article at Business Insider
Category: Match Group
Match Group Reports Strong Q1 Revenue
PRNEWSWIRE – May 3 – Adjusted EBITDA nearly doubled over the prior year to $64.6M. Revenue grew 21% to ~285M, led by 24% revenue growth at Dating. Total dating revenue in Q1 was ~260M (Strong contribution from Tinder and POF). Operating income was ~29M up 8%.
The full article was originally published at Match Group website, but is no longer available.
Match Group Wants To Improve Matching Algorithm Based On First Date’s Feedback
USA TODAY – May 3 – As the Vice Chair of the Match Group, Sam Yagan looks to bring the dating apps to the next level – feedback about dates. “The data will be transformative,” said Yagan. “We will learn a lot more, and do a better job of matching you up.”” What kind of information is he looking for? “The first step is actually knowing that you went out on the date,” he says. “It’s something most dating apps don’t really know how to do.” His apps are working and fine-tuning the algorithms so it can make more informed suggestions about who to date.
Mazama Capital Management Invests $2.1M In Match Group
THE VISTA VOICE – Apr 19 – Mazama Capital Management bought 157K shares of Match Group, valued at ~$2.1M. Mazama Capital Management owned 0.06% of Match Group as of its most recent filing with the SEC. RS Investment Management Co. LLC acquired shares valued at $16M, Schroder Investment Management Group bought $15.6M worth of shares; Jennison Associates – $14M; BlackRock Advisors LLC $12M. Manning & Napier Advisors – $10M.
The full article was originally published at Vista Voice, but is no longer available.
This post also appears on InternetDatingInvestments.
IAC Just Locked Down TrumpPeopleMeet.com URL
TECH INSIDER – Apr 18 – TrumpPeopleMeet.com is a URL owned by People Media, a subsidiary of IAC. The Trump supporter-focused dating site has yet to launch. Indeed, IAC says it will never launch. "We absolutely have no intention of launching TrumpPeopleMeet.com," said IAC's representative. Rather, it's an instance of a conglomerate protecting its branding.
Glenn Schiffman Joins IAC As CFO
NYTIMES – Apr 7 – Schiffman is a former co-head of media banking at Lehman Brothers with a 25-year career at firms both big and small. "I've known Glenn for over 10 years, and he has exemplified an outstanding record of integrity, creativity and operational leadership — I was thrilled when he agreed to join us," Joey Levin, IAC's chief executive, said in a statement. "Glenn's deep wealth of experience and steady hand in advising some of the world's largest media companies will be a tremendous asset to IAC." Schiffman succeeds Jeff Kip, who will stay at IAC as an adviser to HomeAdvisor.
by Michael J. de la Merced
See full article at The New York Times
Match Group Shares Worth $1.7M Acquired By Morgan Stanley
by Jennifer Langley
The full article was originally published at Financial Market News, but is no longer available.
This post also appears on InternetDatingInvestments.
Match Group’s Investors Filed Lawsuit To Recover Losses
OCTA FINANCE – Mar 8 – An investor who purchased Match Group shares filed a lawsuit in Texas against the company over alleged Securities Laws violations in connection with the IPO. Last November Match Group conducted its IPO, selling ~33M shares at $12/share. The shares reached as high as $15 on Nov 20, 2015. On Feb 2, 2016, Match disclosed that its Q4 net income declined from $48.27M in Q4 2014 to $35.59M in Q4 2015. Shares declined to as low as $8.75/share on Feb 4, 2016.
Match Group IPO Raises Questions About Privacy
HUFFINGTON POST – Feb 23 – Despite its success, Match's IPO was not without controversy. Questions were raised by IAC's decision to include two educational companies (The Princeton Review and Tutor) along with the dating sites in the newly-formed Match Group. By mingling two educational companies that feature large student populations with dating sites, does Match intend for a student's personal information to be accessed by those dating sites? According to the policy user's information can be shared "with vendors and other third parties" – sites like Tinder and Match.com.
Tinder Is The Darling Of The Press
OPW – Feb 23 – The press just loves Tinder. In our "Best And Worst Press Coverage" overview, Tinder was the absolute winner in 2015. The mobile dating app appeared in the news on a daily basis with mainly positive press hits (except when CEO Sean Rad was interviewed;).
Here is the list of dating sites/app with best press coverage:
- Tinder
- Match.com
- eHarmony
- Grindr
- POF
- OKCupid
- Happn
- Bumble
- The Grade
- Hinge
The worst press coverage:
On the other site, for AshleyMadison 2015 was an exceptionally horrendous year. The site was hacked, members data was leaked online, and lawsuits followed; without a doubt AshleyMadison was the company with the worst press coverage of all.