IAC/InterActiveCorp (NASDAQ: IACI) reported Q1 EPS of $0.59, $0.04 better than the analyst estimate of $0.55. Revenue for the quarter came in at $740.2 million versus the consensus estimate of $737.81 million.

Search & Applications

Websites revenue increased due to the acquisition of the "Owned & Operated" website businesses of ValueClick, Inc. (acquired January 10, 2014), the contribution of CityGrid Media and growth at About.com, offset by a year-over-year decline in revenue at Ask.com. Applications revenue decreased primarily due to lower queries in B2B (our partnership operations), partially offset by query growth in B2C (our direct to consumer downloadable applications business). Adjusted EBITDA decreased primarily due to lower revenue in B2B and higher marketing expense in B2C, partially offset by the contribution of the ValueClick businesses and CityGrid Media.

The Match Group

Dating revenue grew 9% driven by 7% growth in North America1 and 12% growth in International2. Non-dating revenue grew 53%. The growth in revenue was driven by increased subscribers. Profits declined despite higher revenue primarily due to a significant increase in marketing expense at Dating and DailyBurn, partially offset by a $3.9 million benefit related to the expiration of the statute of limitations for a non-income tax matter.

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