Ask.com and Citysearch Parent IAC Revenues Down in Media and Ad Division Posted by Nathania Johnson Jul 29, 2009 IAC released quarterly earnings today and the news is a little dim. AOL Advertising Revenue Down by 21% in Q2 2009 Posted by Nathania...
IAC released quarterly earnings today and the news is a little dim. The media and advertising division, which includes Ask.com and CItysearch saw Q2 2009 revenues of $168.6 million, down from $186.3 million in Q2 2008, a 9.5% decline.
AOL parent company Time Warner released its quarterly earnings this morning and the news is not pretty. Revenue came in at $804 million, a decrease of 24% over Q2 2008, which brought in $1.06 billion.
IAC, the parent company of top-5 search engine Ask.com, has posted a 7% year-over-year growth in revenue for the second quarter of 2008. IAC is preparing for a transition, spinning off various assets into different companies.
