Internet services conglomerate IAC/InterActiveCorp (NASDAQ:IAC) reported Q4 earnings results after the closing bell Thursday, with earnings of $2.04 per share way outperforming the expected 99 cents per share. Revenues grew 16% year over year to $1.104 billion, better than the $1.07 billion in the Zacks consensus. The majority investor of several online service brands has now beaten earnings estimates in 4 of the last 5 quarters, with a trailing 4-quarter average beat of 58%.
Angie's List grew 25% to $279 million in the quarter, while Match.com was up 17% to $8.2 million. The company cited increases in Average Revenue per User (ARPU) at Match-owned Tinder in the quarter. Yet these numbers were already somewhat baked into the stock's performance, as Match.com (NASDAQ:MTCH) reported earnings themselves yesterday afternoon.
Shares are not moving much in late trading, likely because of the Match.com numbers already being out as of Wednesday. Also, the stock had already climbed 18% since the first of the year. Further clarification can be expected on the company's conference call, which is scheduled for tomorrow.
Internet travel site Expedia (NASDAQ:EXPE) also topped expectations on both sales and earnings for its Q4 report, bringing $1.18 per share versus $1.07 expected on revenues of $2.56 billion which outpaced the $2.54 billion our analysts were looking for. Revenues grew 10% year over year, and also included sales from the now spun-off Trivago travel site. Gross bookings grew 13% year over year, and the company notably crossed the 1 million mark of properties available through their service.
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Expedia Group, Inc. (EXPE): Get Free Report
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Match Group, Inc. (MTCH): Get Free Report
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