InterActiveCorp (Match.com) Posts Higher Profit
Wednesday, 11. May 2005 - 12:06 pm
REUTERS — May 5 — InterActiveCorp posted a higher first-quarter profit in their Q1 report. Revenue rose 14% to $1.65. Operating income before amortization rose 30%, to $253 million.
PERSONALS BUSINESS EXCERPT: "Personals revenue grew by 11% to $54.2 million, driven primarily by a 6% increase in paid subscribers and higher average revenue per subscriber. International subscribers grew 24%excluding declines at uDate. Personals Operating Income Before
Amortization declined by 14% to $5.4 million, resulting mainly from
higher customer acquisition costs relating to the company's new
marketing campaign. Operating income grew by 54% to $4.4 million, reflecting lower non-cash distribution and marketing expense and amortization of intangibles."
Mark Brooks: Rosy numbers from Match.com.