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IAC/InterActiveCorp Stock Predictions: Swipe Right

June 4, 2019

This article was written by the I Know First Research Team.

IAC Performance vs S&P 500 and NASDAQ 100 over the past twelve months [Source: Yahoo Finance]

Summary

IAC is a holding company that owns more than 20 operating businesses comprising over 150 brands – this includes Match Group which owns Tinder, the world’s largest online dating platform

For Match Group as of March 31, 2019, IAC’s economic interest was 80.4% and IAC’s voting interest was 97.5%.

Tinder and other dating platforms are benefiting from secular tailwinds and have a massive runway of growth ahead

All of IAC’s other brands, many of which also have exciting upside, provide optionality at a reasonable price

IAC’s stake in Tinder is starting to look a lot like Nasper’s legendary bet on Tencent

In November 2015, IAC listed Match Group, owner of Tinder amongst thirteen other online dating brands including Match.com, OkCupid, and PlentyOf Fish. Match Group stock popped up 23% on IPO day from their initial listing price of $12. and since then IAC’s market capitalisation has followed Match Group onwards and upwards.

This image has an empty alt attribute; its file name is image-30-555x273.png — IAC ‘s 254.72% return since Match’s Nov ‘15 IPO (365.7% return) vs NASDAQ’s 46.90% & S&P’s 32.23% [Source: Yahoo Finance]

Match Group spawned from the desktop-based Match.com, and the group now owns multiple dating platforms, and is the market leader in this industry which is benefiting from a once in a generation shift to online