IAC (NASDAQ: IAC) reported Q2 EPS of $0.42, $0.08 worse than the analyst estimate of $0.50. Revenue for the quarter came in at $745.4 million versus the consensus estimate of $747.55 million.

• Match Group revenue increased 21% to $301.1 million driven by a 23% increase in Dating revenue due to 30% growth in Average PMC to over 5.3 million globally.
  • Operating income increased 82% to $73.7 million and Adjusted EBITDA increased 58% to $100.1 million.
• HomeAdvisor revenue increased 38% to $130.2 million driven primarily by a 44% increase in HomeAdvisor domestic revenue, resulting from 54% growth in paying service professionals to approximately 128,000 and 32% growth in service requests.
  • Operating income increased to $11.9 million versus $1.6 million in the prior year and Adjusted EBITDA increased to $15.0 million versus $4.7 million in the prior year.
• Video revenue increased 16% to $47.3 million driven by Electus, Vimeo and Daily Burn. Vimeo grew paid subscribers 15% to 720,000.
• Publishing incurred restructuring charges of $4.5 million during the quarter and sold ASKfm on June 30, 2016, resulting in combined expected annualized fixed cost savings of approximately $18 million.
• Applications generated operating income of $18.9 million and Adjusted EBITDA of $29.1 million in the quarter after restructuring charges of $1.9 million (resulting in expected annualized fixed cost savings of approximately $4.5 million). Apalon, our mobile applications business, grew revenue 172% in the quarter and now comprises 7% of total Applications revenue.
• Net loss in the second quarter reflects a $190.7 million after-tax goodwill and indefinite-lived intangible asset impairment charge in the Publishing segment, negatively impacting GAAP Diluted EPS by $2.40.

For earnings history and earnings-related data on IAC (IAC) click here.