Contributed by: Editor on Sunday, February 14 2010 @ 01:32 am
Last modified on
IAC saw revenue before amortization grow 5 percent in quarter 4 of 2009 to $367.2 million, when compared to the same quarter last year. For just the Match.com properties, quarter 4 2009 saw revenue drop 6 percent to $83.3 million (from $88.1 in 2008). Revenue declines reflected the sale of Match Europe to Meetic and were partially offset by the purchase of PeopleMedia. If you exclude both of these properties, revenue actually grew 5 percent for Match.com.
IAC also noted that smartphone downloads increased more than 5 fold accross all businesses. This is a merging market for online dating which Match.com has targeted by releasing 4 Applications with another 1 to be released soon. With these 5 smartphone applications Match.com has 90 percent of the worlds phones covered (see Story).
Here is the complete IAC Q4 2009 Report[*1] . For more information on the dating sites owned by IAC, read our Match.com review and Chemistry review.
Related Story: Match.com Third Quarter 2009 Financials