IAC, the parent company of Ask.com, reported their fourth quarter earnings today and overall, it was a good quarter of revenue for IAC, being up 5% year-over-year in revenue. On the income side of the balance sheet, IAC was up 47% from Q4 of 2008 to Q4 2009. Search, which includes Ask.com, was up 3% to $185.4 million.
Much of the search growth came from toolbar searches, which was up by 35% in terms of revenue. Search also was up 5% in terms of income, but IAC decided to write off a $1 billion "impairment charge" on Ask.com. The exact amount was $1,020.6 million loss on the search busin [...]
Related Topics: Ask: Business Issues | Channel: Industry