Media and internet company IAC/InterActive  (IAC) - Get IAC/InterActiveCorp. Report topped analysts' third-quarter estimates, following a session where the stock dropped on a disappointing outlook from its Match Group (MTCH) - Get Match Group, Inc. Report subsidiary. 

The New York company reported earnings of $1.35 a share, easily topping analyst estimates of $1.07. The latest figure was a 9% drop from a year earlier. 

The company reported a 13% increase in revenue to $1.25 billion, also topping estimates of $1.24 billion. 

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The stock of Match Group, which is responsible for nearly 40% of IAC's quarterly revenue, has been under pressure. It fell by 3.4% on Tuesday.

Match, which owns dating sites including Tinder, said it expected revenue in the current quarter of between $545 million and $555 million. Analysts surveyed by FactSet had been looking for $559.1 million.

Match Group accounted for $541.5 million of IACI's revenue in the third quarter, a 22% increase from a year earlier. The increased competition resulted in the company's subscriber growth falling sharply and prompted its fourth-quarter outlook. 

Meanwhile, another subsidiary, ANGI Homeservices (ANGI) - Get ANGI Homeservices Inc Class A Report , reported revenue growth of 18% year over year, while operating profit fell 26% in the period.

The parent of Angie's List services-review and -rating platform was responsible for $357.4 million, or 29%, of IAC's $1.24 billion quarterly revenue.