Ask.com Helps IAC Earn 40% Increase In Q3 2007 Media Revenue
But if you pull out Ask.com, IAC’s search engine, which is part of IAC’s Media & Advertising group, you will see that sector saw an increase of 40% in revenue and a positive net this past quarter. In Q3 2007, the Media & Advertising group saw revenues of $189.8 million up from $135.5 million in Q3 2006, plus operating income this past quarter was $15.4 million, up from a loss of $2.1 million last year.
The Media & Advertising group consists of IAC Search & Media, Citysearch, and Evite. IAC Search & Media consists of proprietary properties such as Ask.com and Fun Web Products, and network properties which include syndicated advertising, search results, and toolbars.
IAC Chairman and CEO Barry Diller said:
With the exception of Lending Tree, this was a satisfactory quarter for IAC. Trends at our businesses are good, and particularly so at HSN, where I believe that Mindy Grossman and her team have now become acclimated and are beginning to demonstrate the great retailing smarts that we knew they were capable of.
(Some images used under license from Shutterstock.com.)
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