IAC Talks Match Internationalisation in Q4 Earnings Call

IAC has released its Q4 earnings for 2018, shortly after its property Match Group released its results last week. 

Q4 revenue came in at just over $1.1 billion, up 16% from Q4 2017. Adjusted EBITDA rose 40%, from $191 million to $268 million.

The Q4 2018 shareholder letter covered developments at each of IAC’s major holdings. 

Concerning Match Group, the letter noted how Tinder surpassed internal expectations and grew its subscriber count by more than 1 million.

In 2019, Match will look to expand internationally and support its emerging brands like Tinder and Chispa.

IAC says: “The stigma around platforms for dating continues to melt away globally, and we’ll expand several brands in key markets, especially Asia (…) If we don’t keep disrupting ourselves, someone else will.”

Match Group’s investor presentation seemed to position Hinge as a competitor to Bumble, placing the brands together on a graph. 

Match announced that it has acquired the remainder of Justin McLeod’s service, having taken a controlling stake in summer. 

Joey Levin, CEO of IAC, said in July: “I think Hinge is a great product that seems to be getting real traction with a very interesting audience.”

Read more here.