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Home Advisor Revenue increased 27% due primarily to 51% growth at the Home Advisor domestic business, partially offset by international declines due primarily to the restructuring of certain European operations in Q4 2014.

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Adjusted EBITDA increased 16% due primarily to the higher revenue and lower costs in the current year period related to the ongoing consolidation and streamlining of our technology systems and European operations at our Dating businesses ( in stock-based compensation expense due primarily to charges associated with the modification of certain awards and the issuance of equity awards since the prior year.

Please refer to the Match Group Q4 2015 earnings release for further detail.

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IAC may purchase shares over an indefinite period on the open market and in privately negotiated transactions, depending on those factors IAC management deems relevant at any particular time, including, without limitation, market conditions, share price and future outlook.

As of .(c) International includes Meetic, Plenty Of Fish, Tinder and all dating businesses operating outside of the United States and Canada.(d) Average PMC is calculated by summing the number of paid subscribers, or paid member count (PMC), at the end of each day in the relevant measurement period and dividing it by the number of calendar days in that period.(e) ARPPU, or Average Revenue per Paying User, is Direct Revenue in the relevant measurement period divided by the Average PMC in such period divided by the number of calendar days in such period.(f) Fully completed and submitted customer service requests on Home Advisor.(g) The number of service professionals that had an active membership or paid for leads in the last month of the period.

The Q4 2015 effective rate for continuing operations was lower than the prior year primarily due to the non-deductible goodwill impairment charge.

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