USA Interactive's Profits Rise

Its travel-reservation division posts a strong fourth quarter.

Author:
TSC Staff
Publish date:
Feb 6, 2003 9:44 AM EST

USA Interactive

(USAI) - Get Pacer American Energy Independence ETF Report

, the conglomeration of online properties run by Barry Diller, swung to a profit in the fourth quarter as revenue rose on the strength of its travel-reservation system.

Using standard accounting, the company earned $148.1 million, or 30 cents a share, on revenue of $1.34 billion, during the quarter. On an adjusted basis that factors out the impact of various mergers and one-time items, the company earned $133.2 million, or 25 cents a share.

On an adjusted pro forma basis, the company earned $91.6 million, or 17 cents a share, compared with $48.1 million, or 9 cents a share, last year.

Among its sectors, adjusted earnings before interest, taxes, depreciation and amortization rose 11% to $84.3 million at the U.S. operations of its HSN shopping network. Adjusted EBITDA rose 75% to $79 million at its travel division, and rose 60% to $34.3 million at its ticketing unit. Adjusted EBITDA rose 65% to $12.5 million at Match.com.

USA Interactive owns companies including

Ticketmaster