InterActive Corp. (Nasdaq: IACI) reported a 31.6 percent rise in 1Q net income thanks to growth from its Ticketmaster and internet businesses. IAC’s net income came in at $62.1 million, or 20 cents a share, compared with $47.2 million, or 14 cents a share, a year earlier, while 1Q revenue was $1.6 billion, a 10 percent rise over the prior year. Adjusted EPS was $0.33, compared to $0.30 in the year ago period. GAAP Diluted EPS for the quarter was $0.20, compared to $0.14 in the prior year period. Other highlights:
–Media and advertising, which includes Ask.com, Ask.com UK and Fun Web Products, grew revenue 43 percent to $168.1 million from $117.6. Operating income for the segment was $17.2 million in 1Q06 versus $11.6 million the year before, a 48 percent gain.
–For Ticketmaster, worldwide ticket volumes drove a 15 percent increase in tickets sold.
–Match.com’s revenue growth was up a modest 1 percent increase in worldwide subscribers, thanks to growth in the U.K. and a price increase in the U.S. More to come. Earnings release | Webcast
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