Diller’s IAC Boosts Revenue 23% on Web Search, Dating Sites
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IAC/InterActiveCorp., the operator of Match.com and Ask.com, reported a 23 percent increase in second-quarter revenue from Web-search products and growth in online dating subscribers. The stock jumped.
Net income at IAC, the Web-based businesses built and controlled by Barry Diller, increased to $42.4 million, or 44 cents a share, from $13.6 million, or 12 cents a share a year earlier, the New York-based company said today in a statement. Earnings excluding some items were 62 cents a share, topping the 38 cent average estimate of 11 analysts in a Bloomberg survey.