Fourth Quarter 2009 Financials

General News
  • Sunday, February 14 2010 @ 01:32 am
  • Contributed by:
  • Views: 3,319
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 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

IAC also noted that smartphone downloads increased more than 5 fold accross all businesses. This is a merging market for online dating which has targeted by releasing 4 Applications with another 1 to be released soon. With these 5 smartphone applications has 90 percent of the worlds phones covered (see Story).

Here is the complete IAC Q4 2009 Report. For more information on the dating sites owned by IAC, read our review and Chemistry review.

Related Story: Third Quarter 2009 Financials