Daily Beast, CollegeHumor Parent Posts Narrowed Q1 Loss
IAC/Interactive (IACI), the media company whose businesses include Tina Brown’s The Daily Beast, comedy site College Humor, Ask.com, Dictionary.com and other Internet ventures, today announced an adjusted first-quarter loss of $300,000, slightly narrower than the loss posted in the year-ago quarter. Earnings of zero cents a share fell short of the 7 cents Wall Street analysts were expecting, according to Thomson Reuters.
However, revenue climbed 16% year over year to $385.9 million in the first quarter, exceeding analysts’ expectations.
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