Revenue from dating website
(Reuters) - IAC/Inter Active Corp 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.
Shares of the company, whose chairman is media mogul Barry Diller, rose about 2 percent in extended trading on Tuesday.
The “Revenue” box shows the forecasted revenue development of the selected market (market segment, region) in million US dollars for each year.IAC, which also owns video sharing service Vimeo and education service Princeton Review, said it launched 'Tinder Plus' in March."Payment and renewal rates (for Tinder) came in solidly against expectations," said Greg Blatt, the chairman of IAC's Match group, which includes websites such as and Our and also the Princeton Review.The “Penetration Rate” box shows the share of active paying customers (or accounts) from the total population of the selected market (market segment, region) for each year.The “Revenue” tab shows a comparison of revenues for the leading economies in the selected market (market segment, region) and year.