Barry Diller’s IAC/InterActiveCorp had a second quarter it can be proud of, with profits that surged more than eightfold.
IAC – which includes
Ticketmaster benefitted from a strong summer concert season thus far.
Revenue is at $1.4 billion, up from $976.6 million.
The quarter’s results were bolstered by the company’s sale of stakes in Euvia Media and Vivendi Universal Entertainment, which added $79.6 million and $322 million to IAC’s coffers, respectively.
IAC and Expedia (plus IAC’s other travel-related properties) plan to trade as independent companies starting August 9th.