Second Quarter 2010 Financials

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The owner of 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.

A big thing to happen in quarter 2 was on Yahoo! Yahoo decided to close their own dating site and instead allowed to be the exclusive provider of online dating on the Yahoo Network.

For the complete public financial IAC Q2 2010 report read this page. For more information on the dating sites owned by IAC, read our review and our Chemistry review.

Related Story: First Quarter 2010 Financials