IAC – July 29 – The Match Group revenue increased 19% to $254.7M. Operating income is down 16%. The number of paid subscribers grew 18% YOY globally to ~4.1M. Tinder was the major contributor. It is interesting to note that Tinder has more paying subscribers outside of North America. The Match Group international paid subscribers grew 34% YOY. On July 14, 2015, Match announced the acquisition of PlentyOfFish for $575M in cash. Gregg Blatt, Chairman of Match Group, disclosed that IAC paid about 13 times EBITDA.
