Earnings: IAC Revenues Up 45 Percent For 4Q05; Turns Profit Compared To 4Q04 Loss

A strong quarter for IAC with established and emerging businesses contributing. The company had net income of $113 million, or 33 cents per share, for 4Q05 compared to a loss of $45.9 million, or 13 cents per share, in 4Q04. Revenues were up 45 percent to $1.76 billion from $1.2 billion in 4Q04. Net income for 2005 was $868.2 million compared to $151.8 million in 2004; revenues for the year reached $5.75 billion, up 37 percent from $4.18 billion in 2004.

– The inclusion of results for Ask Jeeves, acquired last July, drove revenues for the Media & Advertising segment. Ask’s revenue was up 9 percent, dragged down by UK declines; its profit margins were down due to increased marketing costs and higher revenue sharing for traffic. Ask will continue to push for more market share; it currently has 6.3 percent in the U.S., a 20-percent increase year over year but slightly down from September.

– Citysearch completed its first year of profitability and saw an uptick in uniques.
Earnings release | Webcast

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