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.
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.