IAC Presentation Highlights Match Group Growth

IAC, the parent company to Match Group, has published its slide deck from the Deutsche Bank Media, Telecom & Business Services Conference. It takes each of the umbrella’s properties one-by-one, noting their relative strengths.

Vimeo, 98% owned by IAC, offers an all-in-one SaaS solution with creation, collaboration, distribution and enterprise solutions.

It has an average subscription length of five years and the top ten customers only account for 1% of revenue (making the brand less vulnerable to client departures).

IAC also has an 84% stake in ANGI Homeservices, which had revenues of over $1 billion in 2018. ANGI runs brands such as HomeAdvisor.

Turning to Match Group, the presentation notes that its dating brands operate in over 190 countries and 40 languages. Lesser known properties include Par Perfeito, BLK and startup Ship.

Match Group’s average subscriber count has risen 15% year-on-year since 2016, while Tinder’s has risen 40%. Adjusted EBITDA is up from around $80 million in Q1 2017 to over $170 million in Q4 2018.

Late last year, Match announced a $560 million dividend to shareholders, the majority of which would benefit IAC.

This move fueled some speculation that a major acquisition is on the horizon. IAC CEO Joey Levin had previously mentioned the company’s capacity to “digest” such a deal.

Find the presentation here.