U.S. stocks have some powerful negatives tugging at them, not the least of which are the Shanghai "panda bear" market and a global commodities rout.» Read More
The company's search business is its largest, but the dating business Match Group is seen as the crown jewel of the conglomerate and has been driving strong results for the past few quarters. Match Group earlier this month agreed to buy dating website PlentyOfFish to push deeper into the lucrative mobile-based dating business, which attracts users with its...
NEW YORK _ IAC/InterActiveCorp on Tuesday reported second-quarter net income of $59.3 million, after reporting a loss in the same period a year earlier. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share. Seven analysts surveyed by Zacks expected $777.7 million.
July 28- Media mogul Barry Diller's IAC/InterActiveCorp reported a 2 percent rise in quarterly revenue as more users signed up for its dating services such as Match.com and mobile app Tinder. IAC's net income was $59.3 million, or 68 cents per share, in the second quarter ended June 30, compared with a net loss of $18 million, or 22 cents per share, a year earlier.
NEW YORK, July 16- A U.S. judge ruled on Thursday that online television service FilmOn X LLC should be treated like a traditional cable system in order to transmit the programs of the nation's broadcasters over the Internet. District Judge George Wu in Los Angeles said in his ruling that FilmOn X is entitled to a compulsory license under the Copyright Act to...
Barry Diller's IAC/InterActiveCorp on Thursday announced plans to spin off The Match Group.
Some of the names on the move ahead of the open.
Hedge fund returns in the first five months of the year have already surpassed the total for 2014. Here's how they're doing it.
Amazon's Twitch is expanding past its gaming roots and inviting all marketers interested in reaching its gamer audience with new content.
The founders of Tinder told CNBC about the app's ambitious growth and plans for expansion, and how it wants to shed the 'hook up' label.
May 22- Expedia Inc said it sold its entire stake in online travel company eLong Inc to rival Ctrip.com International Ltd and others for about $671 million, after struggling with mounting losses at the Chinese company. Shares of Expedia and Ctrip touched record highs in early trading on Friday. Ctrip's stock gained 13 percent to $81.20, while Expedia's rose 9...
May 20- Spotify, which provides free on-demand music or ad-free tunes for paying customers, said it will now also provide video content and podcasts. The video offering will include content from Vice Media and Viacom Inc's Comedy Central, the Stockholm- based company said in a press conference. The move will position the company to compete with Google Inc's...
Dating sites may pique the interest of some investors, but the $2.4B online dating market is fiercely competitive.
In the past year, Silicon Valley's hottest start-ups have turned the market on its head. Here's how 10 CNBC Disruptors made a difference.
Online daters, beware. The founder and CEO of the eHarmony online dating site has some warnings for would-be spouses.
InterActive Corp. is actively trying to damp down "crazy speculation" around its popular dating service Tinder, Barry Diller tells CNBC.
April 28- IAC/InterActiveCorp reported a higher-than-expected quarterly profit as subscription revenue rose from its dating websites and the company said user response to the paid version of its Tinder dating app was better than it had anticipated. "Payment and renewal rates came in solidly against expectations," said Greg Blatt, the chairman of IAC's Match...
April 28- Media mogul Barry Diller's IAC/InterActiveCorp reported a better-than-expected quarterly profit, helped by higher subscription revenue from its dating websites. Revenue from IAC's dating websites, including Match.com and OurTime.com, rose 2 percent in the first quarter as the number of paid subscribers across websites surged 16 percent.
April 28- Media mogul Barry Diller's IAC/InterActiveCorp reported a 4.3 percent rise in quarterly revenue, helped by higher subscription income as more users signed up for its dating websites. The company, which also owns video service Vimeo and popular dating app Tinder, said net earnings attributable to shareholders fell to $26.4 million, or 30 cents per...
The Internet has made it easier than ever to date endlessly, but it can also mean major bucks for the one picking up the dinner check.
With Tinder taking off like a "rocketship," it is ready to launch its paid version, expected to come out next month.