Tag Archives: IAC
NEW YORK, May 2, 2012 /PRNewswire/ — IAC (Nasdaq: IACI) released first quarter 2012 results today. SUMMARY RESULTS $ in millions (except per share amounts) Q1 2012 Q1 2011 Growth Revenue $ 640.6 $ 460.2 39% Operating Income Before Amortization 91.3 60.0 52% Adjusted Net Income 48.1 35.5 35% Adjusted EPS 0.51 0.37 38% Operating […]
Core(1) revenue increased 15% to $102.5 million driven by increases in subscribers. Developing(2) revenue increased 8% to $18.7 million primarily due to revenue from OkCupid, which was not in the year ago period, partially offset by lower subscription revenue from Singlesnet as we continued to reduce the marketing of this service. Core and Developing revenue collectively increased by 14% to $121.2 million. Meetic(3), consolidated beginning September 1, 2011, had revenue of $11.1 million which was negatively impacted by the write-off of $9.6 million of deferred revenue in connection with its acquisition.
IAC/InterActiveCorp (IACI: Nasdaq)
By Morgan Joseph TriArtisan ($38.64, Oct. 10, 2011)
We are raising our price target for IAC/InterActiveCorp to $42 from $38 and reiterate the company at Buy.
We believe IAC’s (ticker: IACI) key units performed well during third-quarter 2011 and are well-positioned as the company moves into 2012.
Chelsea Clinton, daughter of the former US president, has joined the board of IAC, the digital media conglomerate, according to a filing with the Securities and Exchange Commission. IAC, with a market capitalization of $3.4 billion, owns a wide variety of Internet businesses and websites, including the Daily Beast, CollegeHumor, Ask.com and Citysearch. It also […]
Financial terms were not disclosed.
IAC has been expanding its online dating business internationally through its Match.com unit in the last year. Match will hold the Zhenai stake.
IAC/InterActiveCorp has won control of French online dating service Meetic, boosting its stake to 77.6 percent, after most shareholders agreed to IAC’s 15 euros per share offer price. French markets regulator AMF said IAC, through two arms of its Match.com unit, had gained 73.7 percent of voting shares and 77.6 percent of Meetic’s capital. […]