On the Call: IAC CFO McInerney

AP News
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Posted: Oct 27, 2010 2:14 PM
On the Call: IAC CFO McInerney

For IAC/InterActiveCorp, the Internet company run by billionaire Barry Diller, its Match online dating business has been one of its most consistent drivers of growth _ even when the economy is shaky.

In the third quarter, Match _ which includes the Match.com and Chemistry.com websites, along with many others _ reported revenue grew 31 percent to $106.2 million.

Overall, the number of subscribers to IAC's stable of dating sites climbed 30 percent to 1.8 million by the end of the quarter. During a conference call with analysts, Chief Financial Officer Tom McInerney said the potential market for Match could be in the tens of millions.

McInerney also answered a question concerning the origins of Match's growth.

QUESTION: With Match, are you gaining subscribers from competitors, or is most of the growth coming from the large potential market size?

ANSWER: "At Match, we can't have great data, so I can't point you to a specific number, but our suspicion is we're gaining share. We're both growing in the category and gaining share, but that's an instinct based on our figures more than something I can scientifically prove."