Tuesday, April 26, 2011

"Match" Q1 2011 REPORT RESULTS

"Match" Q1 2011 REPORT RESULTS
The IAC was using the word "Match" meaning "Personals: Match + Chemistry + NetClubEncuentro + Udate + PeopleMedia communities + SinglesNet + YahooPersonals + OKCupid".
Now they use "Match Core" and "Match Developing"
Match Core consists of Match in the United States, Chemistry and People Media.
Match Developing consists of OkCupid, Singlesnet, mobile-only products and our international operations. [Asia - Pacific, Africa and rest of Americas, not Europe because IAC had sold its European operations to Meetic.]

Match Core Paid Subscribers: 1,600,000
Match Developing Paid Subscribers: 324,000
Total 1,924,000

"Match revenue benefited from strong growth within its Core and Developing operations.
Core revenue increased 18% to USD 93.3 million driven by a 22% increase in subscribers.
Developing revenue increased 82% to USD 18.3 million driven by the full quarter contribution of Singlesnet, as well as from our venture with Meetic in Latin America and the acquisition of OkCupid, neither of which were reflected in the year ago results." page 3
"OTHER ITEMSEquity in losses of unconsolidated affiliates in Q1 2011 reflects losses related to our investment in The Newsweek Daily Beast Company partially offset by income related to our investment in Meetic." (European operations) page 4

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