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Stock impact report

IAC earnings show big growth from media unit as company readies for life after Match Group [MarketWatch]

Match Group, Inc. (MTCH) 
Last match group, inc. earnings: 2/4 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.mtch.com/investor-relations
Company Research Source: MarketWatch
IAC earnings show big growth from media unit as company readies for life after Match Group IAC/InterActiveCorp. continued its preparations for a life without Match Group Inc., this time seeing fast growth from its DotDash media-brands business in the fourth quarter. The New York-based media giant largely matched expectations with its latest results and Chief Financial Officer Glenn Schiffman said the company anticipates and acceleration in revenue growth during 2020. IAC IAC, -6.10% posted net income of $161.3 million, or $1.05 a share, down from $191.8 million, or $2.04 a share, in the year-prior quarter. Analysts surveyed by FactSet were modeling $1.12 a share in GAAP (generally accepted accounting principles) earnings. The company reported $271 million in adjusted earnings before interest, taxes, depreciation and amortization (Ebitda), up slightly from $268 million a year ago. Analysts had been expecting $269 million. IAC doesn’t give an adjusted earnings-per-share figure. Reven Show less Read more
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