IAC Revenues Up 45%, Turns Profitable

Paid Content reports that Ask Jeeves’ parent company IAC reported better revenue and earnings figures for the last quarter of 2005:

The company had net income of $113 million, or 33 cents per share, for 4Q05 compared to a loss of $45.9 million, or 13 cents per share, in 4Q04. Revenues were up 45 percent to $1.76 billion from $1.2 billion in 4Q04. Net income for 2005 was $868.2 million compared to $151.8 million in 2004; revenues for the year reached $5.75 billion, up 37 percent from $4.18 billion in 2004. The inclusion of results for Ask Jeeves, acquired last July, drove revenues for the Media & Advertising segment.

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