Contributed by: Editor on Friday, November 07 2008 @ 02:30 pm
Last modified on
Match.com and Chemistry's parent company IAC reported their Quarter 3 Financials last week. IAC revenue grew by 10% to $369.3 million when compared to the same quarter last year. It's not all good news as they reported a net loss of $14.8 million. In Q3 2007 they had a $70 million net income.
Q3 operating loss was driven by the spin-off expenses and a $16.2 million non-cash charge related to the modification of certain IAC equity awards in connection with the spin-offs.
Match.com revenue is reported to be $93.5 million, this is up $4 million over quarter 3 last year and up $200,000 from last quarter. This revenue gave Match an operating income (before amortization) of $30.3 million.
For more information, read IACs press release in their media room[*1] .