IAC Reports Q3 Results from CNNMoney reports that IAC saw a 4.2% decline in net income year over year. Here is IAC’s press release for the third-quarter numbers this year.

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.

Related Topics: Ask: Business Issues

About The Author: Barry Schwartz is Search Engine Land's News Editor and owns RustyBrick, a NY based web consulting firm. He also runs Search Engine Roundtable, a popular search blog on very advanced SEM topics. Barry's personal blog is named Cartoon Barry and he can be followed on Twitter here. For more background information on Barry, see his full bio over here. See more articles by Barry Schwartz