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Mar 31, 2020
Match Group Q1 2020 Earnings Report
Q1 revenue increased to over $1.2 billion.
Key Takeaways
IAC's first quarter results showed a revenue increase to over $1.2 billion. The company's operating loss increased due to higher Adjusted EBITDA losses and costs related to the separation of Match Group, offset by a decrease in stock-based compensation expense. An income tax benefit was recorded due to excess tax benefits from stock-based awards.
Q1 revenue increased to over $1.2 billion.
Operating loss increased due to higher Adjusted EBITDA losses.
Costs related to the separation of Match Group impacted operating loss.
Income tax benefit recorded due to excess tax benefits from stock-based awards.