Tag Archives: iaci

IAC Q1 Earnings, Revenue Decline, Dating Revenue Up

InterActiveCorp/IAC stock was down more than 4% in early afternoon trading in the stock market today after the owner of the Match.com dating website reported lower first-quarter earnings and revenue that nevertheless beat analyst expectations. InterActiveCorp/IAC (IACI) stock, near 63.50 Wednesday afternoon, had touched a seven-year high of 80.64 on March 5, and it still has a fairly strong IBD Relative Strength Rating of 78. For Q1, the company

Online dating leader IAC may hook up even more users

InterActiveCorp has rolled up an online dating powerhouse with brands like Match.com, OkCupid and Tinder. The New York City-based company is expected to grab 27% of the estimated $2.2 billion market for U.S. dating services in 2014, according to a new report. Online dating services account for 49% of the U.S. dating service industry, followed by mobile dating (26%), matchmakers (14%) and singles events (7%), IBISWorld says. InterActiveCorp (IACI) is the largest company in the industry. Besides Match.com, OkCupid and Tinder, its host of dating services include Singlesnet, BlackPeopleMeet and SeniorPeopleMeet. In December, media conglomerate IAC organized its online dating services into a separate business called Match Group, with possible plans for a spinoff. IBISWorld analyst Jeremy Edwards predicts IAC’s U.S. Match revenue will rise 11.5% to $605.1 million this year, with operating income up 14% to $192.8 million. Last year, Match generated worldwide sales of $788.2 million…

IAC/InterActiveCorp Upgraded On Match, Tinder App

Dating websites owned by IAC/InterActiveCorp (IACI), which include Match.com and OKCupid, are expected to drive growth at the parent company, says an analyst who upgraded the IAC stock to the equivalent of a buy rating. IAC’s dating units, which also include Tinder, a fast-growing dating app majority-owned by IAC, are expected to drive “margin expansion over time,” wrote Cowen & Co. analyst John Blackledge in a research note Monday. Blackledge