 The owner of Match.com and Chemistry, IAC, reported their second quarter financials for 2010 today. Over all the search and dating company saw growth increase by 18 percent to $402.9 million when compared to $340 million from Q2, 2009. This increase beat analysts’ estimates by well over $20 million.
IAC owned dating sites brought in $97 million in quarter 2 this year which is an increase of 10 percent over quarter 2 in 2009 ($88.3 million). Removing acquisitions not available in Q2 2009 (People Media and Singlesnet) revenue grew by 4 percent domestically.
The big increase in quarter 2 was paid subscribers. Subscribers for this quarter was up 48 percent to 1,716,000. In quarter 2 of 2009 subscribers was at 1,156,000. This increase in large part is due to the purchase of People Media and Singlesnet since the previous quarter. Removing these acquisitions the Match.com dating site saw subscribers increase by 8 percent organically.
The other big thing to happen in quarter 2 was Match.com on Yahoo! Yahoo decided to close their own dating site and instead allowed Match.com to be the exclusive provider of online dating on the Yahoo Network. I am not sure if all the subscribers converted from Yahoo are included in the subscriber numbers above.
Here is a rough estimate of how many Yahoo members were added to Match.com, if Match subscribers remained flat when compared to Q1 2010, and the Yahoo subscribers were include: 1,716,000 (Q2) - 1,585,000 (Q1) = 131,000
For the complete public financial IAC Q2 2010 report read this page. For more information on the dating sites owned by IAC, read our Match.com review and are Chemistry review.
Related Story: Match.com First Quarter 2010 Financials.
Tag: iac finance match.com chemistry
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