(Online Dating Industry Journal) Online dating service Match.com, a subsidiary of InterActiveCorp, saw its revenues rise in quarter one of 2005. InterActiveCopr owns two dating services - Match.com and Udate.com. In a recent financial release, the company stated:
"Personals revenue grew by 11% to $54.2 million, driven primarily by a 6% increase in paid subscribers and higher average revenue per subscriber. International subscribers grew 24% excluding declines at uDate.
Personals Operating Income Before Amortization declined by 14% to $5.4 million, resulting mainly from higher customer acquisition costs relating to the company’s new marketing campaign. Operating income grew by 54% to $4.4 million, reflecting lower non-cash distribution and marketing expense and amortization of intangibles."
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