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IAC/InterActiveCorp's quarterly revenue jumps 17.2 pct

February 7, 2018
BY Reuters - Pushkala Aripaka and Laharee Chatterjee

IAC/InterActiveCorp reported a 17.2 percent rise in quarterly revenue on Wednesday, driven by solid growth across most of its businesses, including Angi Homeservices Inc and video unit that houses its popular video-sharing website Vimeo.

Revenue from Angi Homservices rose about 80 percent to $223.2 million for the fourth quarter, beating analysts’ estimate of about $208 million, according to Thomson Reuters I/B/E/S. The unit accounted for nearly a quarter of its revenue.

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