IAC Reports Strong Q2
IAC more than tripled its income in the second quarter of 2011 compared to the same quarter last year, the company reported today, with a net profit of $42 million compared to $13.6 million.
Nearly every segment of the company, from search (Ask.com) to online dating (Match.com and OKCupid) showed strong gains in the quarter; the media division, which now includes CollegeHumor, Vimeo, and more, increased revenues but was still unprofitable due to increased operating costs.
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