Match (MTCH) 8-K Summary of Material Terms of Spin-Off Agreements

EXHIBIT 99.3

IAC/INTERACTIVECORP AND SUBSIDIARIES

UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENTS OF OPERATIONS

Year Ending December 31, 2008

(In thousands)

	Quarter Ended March 31			Quarter Ended June 30			Six Months Ended June 30
Product sales	$	25,912		$	30,051		$	55,963
Service revenue	344,744			324,113			668,857
Net revenue	370,656			354,164			724,820
Cost of sales—product sales (exclusive of depreciation shown separately below)	18,302			19,257			37,559
Cost of sales—service revenue (exclusive of depreciation shown separately below)	123,339			103,064			226,403
Gross profit	229,015			231,843			460,858
Selling and marketing expense	117,117			108,021			225,138
General and administrative expense	77,808			89,535			167,343
Other operating expense	17,081			12,512			29,593
Amortization of non-cash marketing	2,796			3,071			5,867
Amortization of intangibles	8,062			7,679			15,741
Depreciation	17,259			17,459			34,718
Operating loss	(11,108		)	(6,434		)	(17,542		)
Other income (expense):
Interest income	8,073			5,703			13,776
Interest expense	(11,978		)	(13,886		)	(25,864		)
Equity in income of unconsolidated affiliates	5,779			6,448			12,227
Other income (expense)	9,817			(98,741		)	(88,924		)
Total other income (expense), net	11,691			(100,476		)	(88,785		)
Earnings (loss) from continuing operations before income taxes and minority interest	583			(106,910		)	(106,327		)
Income tax (provision) benefit	(4,036		)	22,274			18,238
Minority interest in losses of consolidated subsidiaries	330			484			814
Loss from continuing operations	$	(3,123	)	$	(84,152	)	$	(87,275	)

Non-cash compensation expense is included in the following line items in the condensed combined statements of operations:

Cost of sales	$	1,462	$	1,436	$	2,898
Selling and marketing expense	1,599		1,574		3,173
General and administrative expense	15,779		15,556		31,335
Other operating expense	46		45		91
Total non-cash compensation expense	$	18,886	$	18,611	$	37,497

1

IAC/INTERACTIVECORP AND SUBSIDIARIES

UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENTS OF OPERATIONS

Year Ended December 31, 2007

(In thousands)

	Quarter Ended March 31			Quarter Ended June 30			Quarter Ended September 30			Quarter Ended December 31
Product sales	$	19,377		$	21,547		$	22,399		$	30,067
Service revenue	280,391			297,026			312,962			348,813
Net revenue	299,768			318,573			335,361			378,880
Cost of sales—product sales (exclusive of depreciation shown separately below)	13,682			15,343			15,379			20,503
Cost of sales—service revenue (exclusive of depreciation shown separately below)	107,019			112,363			125,265			144,767
Gross profit	179,067			190,867			194,717			213,610
Selling and marketing expense	100,738			100,652			81,639			108,493
General and administrative expense	63,626			60,906			64,910			84,109
Other operating expense	11,047			10,101			12,029			13,251
Amortization of non-cash marketing	507			23,501			9,072			16,590
Amortization of intangibles	8,027			8,010			10,267			9,429
Depreciation	14,169			14,678			15,107			15,907
Operating (loss) income	(19,047		)	(26,981		)	1,693			(34,169		)
Other income (expense):
Interest income	17,235			17,109			13,644			10,943
Interest expense	(14,529		)	(15,228		)	(14,919		)	(14,378		)
Gain on sale of VUE interests	—			—			—			16,669
Equity in income of unconsolidated affiliates	6,982			5,676			3,885			5,809
Other income	818			8,061			10,295			16,342
Total other income, net	10,506			15,618			12,905			35,385
(Loss) earnings from continuing operations before income taxes and minority interest	(8,541		)	(11,363		)	14,598			1,216
Income tax benefit (provision)	2,709			5,058			(11,132		)	1,044
Minority interest in (income) losses of consolidated subsidiaries	(127		)	165			1,452			524
(Loss) earnings from continuing operations	$	(5,959	)	$	(6,140	)	$	4,918		$	2,784

Non-cash compensation expense is included in the following line items in the condensed combined statements of operations:

Cost of sales	$	1,343	$	1,390	$	1,285	$	1,634
Selling and marketing expense	1,471		1,521		1,405		1,789
General and administrative expense	14,891		15,019		13,902		17,754
Other operating expense	45		45		43		48
Total non-cash compensation expense	$	17,750	$	17,975	$	16,635	$	21,225

2

IAC/INTERACTIVECORP AND SUBSIDIARIES

UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENTS OF OPERATIONS (Continued)

Year Ended December 31, 2007

(In thousands)

	Quarter Ended March 31			Six Months Ended June 30			Nine Months Ended September 30			Year Ended December 31
Product sales	$	19,377		$	40,924		$	63,323		$	93,390
Service revenue	280,391			577,417			890,379			1,239,192
Net revenue	299,768			618,341			953,702			1,332,582
Cost of sales—product sales (exclusive of depreciation shown separately below)	13,682			29,025			44,404			64,907
Cost of sales—service revenue (exclusive of depreciation shown separately below)	107,019			219,382			344,647			489,414
Gross profit	179,067			369,934			564,651			778,261
Selling and marketing expense	100,738			201,390			283,029			391,522
General and administrative expense	63,626			124,532			189,442			273,551
Other operating expense	11,047			21,148			33,177			46,428
Amortization of non-cash marketing	507			24,008			33,080			49,670
Amortization of intangibles	8,027			16,037			26,304			35,733
Depreciation	14,169			28,847			43,954			59,861
Operating loss	(19,047		)	(46,028		)	(44,335		)	(78,504		)
Other income (expense):
Interest income	17,235			34,344			47,988			58,931
Interest expense	(14,529		)	(29,757		)	(44,676		)	(59,054		)
Gain on sale of VUE interests	—			—			—			16,669
Equity in income of unconsolidated affiliates	6,982			12,658			16,543			22,352
Other income	818			8,879			19,174			35,516
Total other income, net	10,506			26,124			39,029			74,414
Loss from continuing operations before income taxes and minority interest	(8,541		)	(19,904		)	(5,306		)	(4,090		)
Income tax benefit (provision)	2,709			7,767			(3,365		)	(2,321		)
Minority interest in (income) losses of consolidated subsidiaries	(127		)	38			1,490			2,014
Loss from continuing operations	$	(5,959	)	$	(12,099	)	$	(7,181	)	$	(4,397	)

Non-cash compensation expense is included in the following line items in the condensed combined statements of operations:

Cost of sales	$	1,343	$	2,733	$	4,018	$	5,652
Selling and marketing expense	1,471		2,992		4,397		6,186
General and administrative expense	14,891		29,910		43,812		61,566
Other operating expense	45		90		133		181
Total non-cash compensation expense	$	17,750	$	35,725	$	52,360	$	73,585

3

IAC/INTERACTIVECORP AND SUBSIDIARIES

UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENTS OF OPERATIONS

Year Ended December 31, 2006

(In thousands)

	Quarter Ended March 31			Quarter Ended June 30			Quarter Ended September 30			Quarter Ended December 31
Product sales	$	7,543		$	13,599		$	14,370		$	20,509
Service revenue	209,392			232,720			240,709			261,751
Net revenue	216,935			246,319			255,079			282,260
Cost of sales—product sales (exclusive of depreciation shown separately below)	5,796			10,222			10,629			14,887
Cost of sales—service revenue (exclusive of depreciation shown separately below)	73,500			80,795			80,007			93,244
Gross profit	137,639			155,302			164,443			174,129
Selling and marketing expense	82,389			83,926			71,386			84,819
General and administrative expense	58,909			64,788			60,352			66,306
Other operating expense	8,089			8,531			10,806			10,261
Amortization of non-cash marketing	8,464			9,532			14,629			4,500
Amortization of intangibles	14,578			14,827			5,054			7,769
Depreciation	12,962			12,711			14,046			13,185
Operating loss	(47,752		)	(39,013		)	(11,830		)	(12,711		)
Other income (expense):
Interest income	16,856			17,364			13,966			15,566
Interest expense	(14,523		)	(15,181		)	(14,230		)	(13,943		)
Equity in income of unconsolidated affiliates	8,297			7,491			7,487			8,052
Other (expense) income	(4,572		)	6,235			4,656			(8,075		)
Total other income, net	6,058			15,909			11,879			1,600
(Loss) earnings from continuing operations before income taxes and minority interest	(41,694		)	(23,104		)	49			(11,111		)
Income tax benefit	3,640			577			4,037			40,207
Minority interest in losses (income) of consolidated subsidiaries	35			876			98			(242		)
(Loss) earnings from continuing operations	$	(38,019	)	$	(21,651	)	$	4,184		$	28,854

Non-cash compensation expense is included in the following line items in the condensed combined statements of operations:

Cost of sales	$	1,541	$	1,620	$	801	$	1,109
Selling and marketing expense	1,503		1,772		877		1,212
General and administrative expense	15,454		18,455		9,818		13,086
Other operating expense	17		36		26		34
Total non-cash compensation expense	$	18,515	$	21,883	$	11,522	$	15,441

4

IAC/INTERACTIVECORP AND SUBSIDIARIES

UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENTS OF OPERATIONS (Continued)

Year Ended December 31, 2006

(In thousands)

	Quarter Ended March 31			Six Months Ended June 30			Nine Months Ended September 30			Year Ended December 31
Product sales	$	7,543		$	21,142		$	35,512		$	56,021
Service revenue	209,392			442,112			682,821			944,572
Net revenue	216,935			463,254			718,333			1,000,593
Cost of sales—product sales (exclusive of depreciation shown separately below)	5,796			16,018			26,647			41,534
Cost of sales—service revenue (exclusive of depreciation shown separately below)	73,500			154,295			234,302			327,546
Gross profit	137,639			292,941			457,384			631,513
Selling and marketing expense	82,389			166,315			237,701			322,520
General and administrative expense	58,909			123,697			184,049			250,355
Other operating expense	8,089			16,620			27,426			37,687
Amortization of non-cash marketing	8,464			17,996			32,625			37,125
Amortization of intangibles	14,578			29,405			34,459			42,228
Depreciation	12,962			25,673			39,719			52,904
Operating loss	(47,752		)	(86,765		)	(98,595		)	(111,306		)
Other income (expense):
Interest income	16,856			34,220			48,186			63,752
Interest expense	(14,523		)	(29,704		)	(43,934		)	(57,877		)
Equity in income of unconsolidated affiliates	8,297			15,788			23,275			31,327
Other (expense) income	(4,572		)	1,663			6,319			(1,756		)
Total other income, net	6,058			21,967			33,846			35,446
Loss from continuing operations before income taxes and minority interest	(41,694		)	(64,798		)	(64,749		)	(75,860		)
Income tax benefit	3,640			4,217			8,254			48,461
Minority interest in losses of consolidated subsidiaries	35			911			1,009			767
Loss from continuing operations	$	(38,019	)	$	(59,670	)	$	(55,486	)	$	(26,632	)

Non-cash compensation expense is included in the following line items in the condensed combined statements of operations:

Cost of sales	$	1,541	$	3,161	$	3,962	$	5,071
Selling and marketing expense	1,503		3,275		4,152		5,364
General and administrative expense	15,454		33,909		43,727		56,813
Other operating expenses	17		53		79		113
Total non-cash compensation expense	$	18,515	$	40,398	$	51,920	$	67,361

5