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IAC Quarter Mixed: Match's Tinder Shines, But Angi Costs Lower Profit

November 8, 2017
BY Investor's Business Daily - Reinhardt Krause

IAC/Interactive Corp. (IAC) shareholders shrugged off a third-quarter earnings miss related to the purchase of Angie's List, amid revenue growth at online dating service Match Group (MTCH).

Shares in the Barry Diller-controlled company were up a fraction to 132.06 in after-hours trading in the stock market today after initially slipping 2.3% after the company reported earnings for the September period. IAC Interactive consolidates the results of Match, whose Tinder mobile app has been driving growth. Match shares jumped 10% to 29.59 in Wednesday's regular session after revenue topped views owing to Tinder.

Continue reading the original article at Investor's Business Daily.

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