May 5, 2005 |
Barry Diller's IAC/InterActiveCorp, owner of Expedia and LendingTree.com, said first-quarter profit surged 74%, helped by a rise in travel bookings and loan refinancing. Net income rose to $72.2 million, or 9 cents a share, from $41.5 million, or 5 cents, a year earlier, the New York-based company said. The per-share profit is after payment of preferred dividends. Sales at IAC, which also owns home-shopping network HSN, climbed 14% to $1.65 billion.
February 7, 2007 |
Barry Diller's media conglomerate, IAC/InterActiveCorp, which includes Home Shopping Network, Ticketmaster and CitySearch, said Tuesday that hefty charges had pushed down profit by 85% in the fourth quarter but revenue rose in each of its divisions. Net income after paying preferred dividends dropped to $16.7 million, or 5 cents a share, in the three months that ended Dec. 31 from $113.1 million, or 33 cents, a year earlier.
May 3, 2006 |
IAC/InterActiveCorp, the Internet and media company run by Barry Diller, said Tuesday that first-quarter profit fell 32% because of a sales decline at cable shopping network HSN and the spinoff of Expedia Inc. Net income at the owner of LendingTree.com and Ticketmaster fell to $47.2 million, or 14 cents a share, from $68.9 million, or 19 cents, a year earlier. Revenue rose 36% to $1.55 billion with the purchase of Cornerstone Brands Inc. and Ask.com, New York-based IAC said.
November 24, 2007 |
Media mogul Barry Diller said Friday that his Internet conglomerate, IAC/InterActiveCorp, would invest $100 million to expand in China by creating services designed for local users. Diller also said IAC would launch its Ask.com search engine in China within two years. IAC is looking for opportunities to develop or buy businesses geared to Chinese users, added Diller, IAC's chairman and chief executive. New York-based IAC's 30 Web brands include dating site Match.
May 4, 2004 |
InterActiveCorp, the Internet commerce company controlled by Barry Diller, reported a first-quarter profit of $41.5 million, or 5 cents a share, helped by growth at its Expedia and Hotels.com travel sites. Marketing costs jumped. The results contrasted with a loss of $106.8 million, or 23 cents, a year earlier, when the company wrote down the value of its stake in Vivendi Universal's entertainment unit. Per-share earnings reflect the payment of preferred dividends. Sales rose 6.1% to $1.
February 17, 2005 |
Barry Diller's IAC/InterActiveCorp, owner of Expedia and the HSN home-shopping network, posted a fourth-quarter loss of $42.6 million after writing down the value of some assets. Revenue from the company's travel businesses fell short of analysts' expectations. The net loss of 7 cents a share contrasted with net income of $156 million, or 20 cents a share, a year earlier, the New York-based company said. Sales fell 4.9% to $1.72 billion because of a change in accounting for Hotels.com revenue.