Daily Beast Publisher IAC Posts Rising Adjusted Profit
IAC (IACI), Barry Diller’s diversified Internet company, today reported that adjusted second-quarter net income rose to $27.5 million from $3.3 million a year ago, while revenue shot up fivefold to $23.7 million over the same interval.
Including one-time items, net income at IAC, which operates The Daily Beast, Collegehumor.com and other online ventures, fell 67% year over year to $13.6 million.
Revenue in the media segment rose 34% year over year to $59.6 million — thanks in part to the addition of Notional, a CollegeHumor offshoot — but the unit posted an operating loss of $3.9
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