Frager Factor

Thursday, August 01, 2013

IAC's 150 Domains Generate Near A Billion Dollars In Revenue This Quarter

Sex sells. So do "startling selfies." Anthony Weiner is not an oddity. Anyone online and under30 knows that. So does Barry Diller. Here's proof:

According to ADWEEK: "Barry Diller's IAC/InterActiveCorp seems to be in love with its suite of online dating services. The company -- which owns CollegeHumor, Vimeo, Newsweek and The Daily Beast, Match.com, OKCupid, Tinder and Europe's Meetic among 152 other- beat analysts' expectations for the second quarter when on Tuesday it reported second-quarter revenue growth of 23%, partly on the strength of its dating sites."

"Revenue from Match, Inc. -- the umbrella company that oversees the portfolio of dating sites -- was $194 million, 9% above the same period last year, and ahead of analysts' expectations of $193 million. IAC expects that percentage growth to accelerate into the low double-digits during the second half of the year, it said."

"Overall revenue for the quarter was $799.4 million, ahead of the anticipated $781.6 million. Net earnings climbed 35% to $58.3 million. "

Believe it or not nearly half the company's revenue comes from its search products, such as About.com and Ask.com,which gave IAC the strongest lift, with revenues of $427 million, up 22.5% year over year and ahead of analysts' expectations of $397 million.

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About The Author: Owen Frager is an Internet marketing expert ready to help take your company to the next level.

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