IAC Beats Estimates on Online Dating Business

Reuters: Media mogul Barry Diller’s IAC/InterActiveCorp reported a quarterly profit that narrowly beat analysts’ estimates, as its online dating services such as Match.com attracted more paying customers. Match Group, which filed for a U.S. initial public offering earlier this month, posted a 19 percent rise in revenue to $274.2 million. Excluding the effect of a strong dollar, its revenue jumped 25 percent.