Fourth Quarter 2008 Financials

General News
  • Monday, February 16 2009 @ 08:12 am
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On February 3rd, InterActiveCorp released their fourth quarter financial results. Overall, compared to Q4 2007 IAC saw revenue drop 7 percent to $351 million. This loss mainly was do to the media and advertising side of their business. With regards to IAC saw revenue for 2008's quarter 4 drop 3 percent to $88.1 million but, operating income after amortization increased 53 percent to $24.8 million.
For the entire 2008 year, saw operating income before amortization at $91.3 million ($75.5 million after). No mention was made about Chemistry this time in this financial report. For this reason you have to wonder if Chemistry is not doing as well as IAC wishes.

Here is the complete IAC Q4 Report For more information on the dating sites owned by IAC, read our review and are Chemistry review.