Wednesday, February 29, 2012

IAC 2011 annual report

IAC 2011 annual report

At page 7:
"In February 2011, we acquired OkCupid, an advertiser-supported online personals service in the United States. During the third quarter of 2011, we increased our ownership stake in Meetic to 81% and acquired a 20% interest in Zhenai Inc., a leading provider of online matchmaking services in China. We are also the exclusive provider of subscription-based personals services on"

At page 8:
"We refer to in the United States, Chemistry and PeopleMedia (through which we operate targeted dating websites) as Match's "Core" operations and to OkCupid, Singlesnet, mobile-only products and non-Meetic international operations as Match's "Developing" operations.

We primarily provide online personals services through branded websites that we own and operate, including,,, and, and through a variety of Meetic-branded websites abroad. These websites, all of which provide single adults with a private and convenient environment for meeting other single adults, primarily provide online personals services to registered members (those establishing usernames and passwords) and subscribers (those who establish a username and password and pay a subscription fee).

The personals business is very competitive and highly fragmented in the United States and abroad and barriers to entry are minimal."

At page 100, Year Ended December 31, 2011. Revenue by geography is based on where the customer is located.
United States USD 1,583,322,000 (76.88%)
All other countries USD 476,122,000 (23.12%)
Total USD 2,059,444,000

Last year I had posted about 2010 revenues
The IAC increased revenue in "All other countries" because they increased their ownership stake in Meetic to 81%. Meetic old, obsolete and rotten company.
We will see next year, because Match, Chemistry, OkCupid, Meetic, PeopleMedia, ParPerfeito will need to innovate or die.

Last year I had estimated Latam revenue for Match in USD 29 million less than ...... PlentyOfFish.
The unexploited Latin American Market remains enormous!

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