#onlinedating | IAC’s CFO: We Benefit a Lot from How Consumer Behavior Is Changing | #bumble | #tinder | #pof


_________________________

Like many other internet companies right now, IAC/InterActiveCorp  (IAC) – Get Report is seeing a mixture of headwinds and tailwinds right now.

Among other things, Barry Diller’s internet conglomerate is the parent company of HomeAdvisor/Angie’s List parent ANGI Homeservices  (ANGI) – Get Report, website owner Dotdash, mobile app developer Mosaic Group, family care services marketplace Care.com (recently acquired for $500 million) and video creation, distribution and monetization platform Vimeo.

IAC also has a roughly 80% stake in online dating leader Match Group  (MTCH) – Get Report that’s set to be spun off (a shareholder vote on the spinoff is scheduled for June 25).

On Friday, shortly after the release of IAC’s May 6 Q1 report, I talked once again with CFO Glenn Schiffman (a November 2019 interview can be found here, and a June 2019 interview can be found here). Here are some of Schiffman’s comments on several topics of interest, slightly edited for clarity.

On IAC’s ability to hold up well in the current environment.

Schiffman: “We think IAC is built for moments like this. Our businesses are incredibly diverse….Our businesses are also diversified by our revenue type. We have majority-subscription businesses, then we have marketplace businesses, we have search businesses, and we have advertising businesses. There’s real diversity in our revenue streams, in our brands.




Source link

————————————————————–
Source link

.  .  .  .  .  .  . .  .  .  .  .  .  .  .  .  .   .   .   .    .    .   .   .   .   .   .  .   .   .   .  .  .   .  .


_________________________