IAC Sees Online Growth

April 29, 2010 Updated: April 29, 2010

IAC/InterActiveCorp, the online media holdings company, saw its quarterly revenues grow 16 percent as its web and search business prospered during the last quarter.

The company, which owns dating website Match.com, search engine Ask.com, and local yellow pages website Citysearch, announced a quarterly net loss of $18.7 million, mainly due to investment losses.

Top-line revenues were up to $385.9 million last quarter compared to $332 million from a year ago. Media mogul Barry Diller controls the company.