(*Cupid. and Twoo were higher than they were in the comparable period a year earlier. For purposes of this paragraph, references to "Mettle include Meetic and all of our other brands and businesses in Europe. Younger users. Over the last few years, while user growth in all age cohorts has continued, w

excluding the effects of foreign exchange), ARPPU was approximately 5% higher at Match North America, 4% higher at our affinity brands, 7% higher at Meetic, 5% higher at OkCupid and 10% higher (comparing the quarter ended June 30. 2015 to the quarter ended March 31. 2013) at PlentyOfFish. Additionally,

s distinguishing features is the ability to both search profiles and receive algorithmic matches, and the ability to attend live events, promoted by Meetic, with other members. Also, similar to Match, because the ability to communicate between members is generally a component of paid membership, Meetic'

rding to data obtained from Research Now, Match is the category leader in North America and the United Kingdom, based on unaided awareness. Meet's Meetic was founded in 2001 and enjoys market leadership by number of users in France, Spain, Italy and the Netherlands. Similar to Match, among its disting

major brands during this period. For the nine months ended September 30. 2015. aggregate new users across Match North America. our affinity brands, Meetic, OkCupid and Plenty0Fish were up more than 30% from the comparable period in 2014, with each of these brands contributing period-over-period growth.

n 2011. we acquired OkCupid which had a large and loyal user base in the United States, and in 2014. we acquired the remaining outstanding shares of Meetic that we did not already own in order to expand our operations in Europe. While we currently offer our products in over 190 countries. we have been

ease of $10.5 million in advertising spend and an increase in compensation. The increase in compensation was primarily due to increased headcount at Meetic and acquisitions. General and administrative expense Years ended December 31, 2012 2013 % change General and administrative expense Percentag

fessional fees due, in part, to transaction fees related to the tender offer by the Company in the fourth quarter of 2013 for the remaining 12.5% of Meetic that it did not already own. 81 TableoLContentri Product development expense Years ended December 31, 2012 2013 % change Product development

, OurTime, BlackPeopleMeet and other dating brands operating within the United States and Canada). our International dating business (which includes Meetic. Tinder's international operations. Twoo. FriendScout24 and all other dating brands operating outside of the United States and Canada) and our non-d

h used In investing activities (79,355) (53,986) (140,200) Cash flows from financing activities: Funds (transferred to) returned from escrow for Meetic tender offer — (71,512) 12.354 Purchase of noncontrolling interests (2.955) (52.552) (33.165) Transfers (to) from IAC interActiveCorp (53.38

.57% Notes. The notes were issued to three IAC foreign subsidiaries in connection with the financing of the acquisition of a controlling interest in Meetic in September 2011. In December 2011, the Company repaid $15 million leaving an outstanding balance of $79 million. The remaining notes are guarantee

that those users pay us over time. Continue to expand our portfolio: In the past, we have successfully completed acquisitions such as OkCupid, Meetic, Twoo and Plenty01Fish, as well as launched OurTime and 'finder. Each acquisition or new product launch has resulted in increased adoption levels ei

economics than we would be able to achieve with a single brand approach. We operate over 45 brands, Including Match, OkCuprd, Tinder, PfentyOfFish, Meetic, Twos). OurTime and FriendScout24, and our products are offered in 38 languages in over 190 countries. We increasingly apply a centralized disciplin

the future. Since January 2009 we have invested approximately $1,284.0 million to acquire 25 new brands for our dating portfolio including OkCupid, Meetic. Twoo and PlentyOfFish. As a consequence of the contributions of these businesses and acquisition-related expenses, our combined results of operatio

2014 includes $119.1 million in proceeds from the issuance of related party debt, the return of $12.4 million of funds held in escrow related to the Meetic tender offer and $5.3 million in excess tax benefits from stock-based awards, partially offset by cash transfers of $80.8 million to IAC, $30.3 mill

te that was issued to an IAC subsidiary on April 8, 2014 in connection with the financing of the purchase of the remaining publicly-traded shares of Meetic. This related party debt is a liability of one of our subsidiaries with a U.S. dollar functional currency and the gain is due to the significant str

stock options, IAC stock options and restricted stock units issued to our employees prior to this offering, restricted shares issued to employees of Meetic, which was publicly-traded prior to its acquisition by us in 2011. and stock options and stock appreciation rights issued by certain of our other su

Group is the world's leading provider of dating products. We operate a portfolio of over 45 brands, including Match, OkCupid, Tinder, PlentyOfFish, Meetic, Twoo, OurTime and FriendScout24, each designed to increase our users' likelihood of finding a romantic connection. Through our portfolio of trusted

o offering. Since January 2009. we have invested approximately 51,284.0 million to acquire 25 new brands for our dating portfolio including OkCupid, Meetic. Twoo, Pairs 110 Table of Contents and Plenty0fFish, enabling us to strengthen our business in existing markets and expand our product offerings g

driven by Tinder and other recent platforming initiatives helping to increase conversion on Core mobile and other sites like Plenty of Fish (PoF) and Meetic. Key theme/metric(s) for 1Q: International PMC growth Key for the quarter will be international PMC growth and we expect international to grow 25%

ount that those users pay us over time. Continue to expand our portfolio: In the past, we have successfully completed acquisitions such as OkCupid, Meetic, Twoo and PlentyOfFish, as well as launched OurTime and Tinder. Each acquisition or new product launch has resulted in increased adoption levels eit

h Group is the worlds leading provider of dating products. We operate a portfolio of over 45 brands, including Match, OkCupid. Tinder. Plenty0fFish, Meetic, Twoo, OurTime and FriendScout24, each designed to increase our users' likelihood of finding a romantic connection. Through our portfolio of trusted

180 (8,402) Net cash used In Investing activities (132810) (69,030) Cash flows from financing activities: Funds returned from escrow related to Meetic tender offer 12,354 Purchase of noncontrolling interests (30.328) (557) Transfers (to) from IACTInterActWeCorp (30.767) 75.945 Proceeds from

denominated note was issued to an IAC foreign subsidiary in connection with the financing of the purchase of the remaining publicly-traded shares of Meetic that took place in the first quarter of 2014. The note is due on December 15. 2021. The 5.90% Note was issued to an IAC foreign subsidiary with the