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Operating loss reflects an increase of in stock-based compensation expense due primarily to the issuance of equity awards since the prior year.OTHER ITEMSInterest expense increased due to both the costs and higher interest rate associated with the exchange of , respectively. The effective tax rates for continuing operations in Q4 2015 and Q4 2014 were 14% and 39%, respectively, and the effective tax rates for Adjusted Net Income in Q4 2015 and Q4 2014 were 40% and 39%, respectively.

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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.

Home Advisor domestic revenue growth accelerated for the 9 consecutive quarter with year-over-year growth driven by 55% higher service requests and a 46% increase in paying service professionals to approximately 102,000.

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.

due to brand mix shifts, foreign exchange effects and deferred revenue write-offs.

Excluding foreign exchange effects, total Dating revenue would have increased 18% and International Direct revenue would have increased 28%.

Adjusted EBITDA decreased 46% due to the lower revenue from Ask & Other and increased marketing and payroll related expenses at Premium Brands.

Operating loss in the current year includes an impairment charge of lower revenue from IAC Films as the prior year benefited from the release of Top Five and Inherent Vice.

Note 4: Premium Brands revenue is composed of,, Investopedia and The Daily Beast.

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