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IAC/InterActiveCorp 3rd-qtr profit jumps
November 8, 2017 / 9:24 PM / 10 days ago

IAC/InterActiveCorp 3rd-qtr profit jumps

Nov 8 (Reuters) - Media mogul Barry Diller’s IAC/InterActiveCorp reported a surge in quarterly profit on Wednesday, driven by its Match Group portfolio as Tinder continues to grow.

Net earnings attributable to shareholders rose to $179.6 million, or $1.79 per share, in the third quarter ended Sept. 30, from $43.2 million, or 49 cents per share, a year earlier.

Revenue rose 8.4 percent to $828.4 million. (Reporting by Pushkala Aripaka in Bengaluru; Editing by Shounak Dasgupta)

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