IAC revenue beats on strong dating, homeservices business

IAC/InterActiveCorp reported third-quarter revenue on Wednesday that edged past analysts’ estimates, driven by strong growth across all its businesses, including Tinder-owner Match Group and ANGI Homeservices. Match Group, which contributes nearly half of IAC’s revenue, reported 22% rise in quarterly revenue while ANGI Homeservices, formed by merging IAC’s HomeAdvisor and consumer review platform Angie’s List, reported a rise of 18%, from a year earlier. Earlier in October, IAC said it intends to spin off its ownership stake in Match Group resulting in the full separation of the two companies.