UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  August 1, 2006

IAC/INTERACTIVECORP

(Exact name of registrant as specified in charter)

Delaware

0-20570

59-2712887

(State or other jurisdiction

(Commission

(IRS Employer

of incorporation)

File Number)

Identification No.)

 

 

 

152 West 57th Street, New York, NY

10019

(Address of principal executive offices)

(Zip Code)

 

Registrant’s telephone number, including area code:    (212) 314-7300

 

 

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 




 

Item 2.02   Results of Operations and Financial Condition.

Item 7.01 Regulation FD Disclosure.

On August 1, 2006, the Registrant issued a press release announcing its results for the quarter ended June 30, 2006.  The full text of this press release, appearing in Exhibit 99.1 hereto, is incorporated herein by reference.

The attached document is furnished under both Item 2.02 “Results of Operations and Financial Condition” and Item 7.01 “Regulation FD Disclosure.”

RECONCILIATION

Set forth below is a reconciliation of Revenue, Operating Income Before Amortization and Operating Income, excluding results from IAC Search & Media (formerly, Ask Jeeves, Inc.) and expenses and intercompany eliminations related to the Expedia spin-off:

(Dollars in millions)

 

 

Q2 2006

 

Q2 2005

 

Variance

 

REVENUE

 

 

 

 

 

 

 

IAC (as reported)

 

$

1,612.3

 

$

1,371.8

 

17.5

%

Excluding IAC Search & Media

 

(114.1

)

 

 

IAC (Adjusted)

 

$

1,498.3

 

$

1,371.8

 

9.2

%

 

 

 

 

 

 

 

 

OPERATING INCOME BEFORE AMORTIZATION

 

 

 

 

 

 

 

IAC (as reported)

 

$

165.1

 

$

123.4

 

33.8

%

Excluding IAC Search & Media/expenses and
intercompany eliminations related to the Spin-off

 

(8.4

)

17.0

 

 

IAC (Adjusted)

 

$

156.7

 

$

140.5

 

11.5

%

 

 

 

 

 

 

 

 

OPERATING INCOME

 

 

 

 

 

 

 

IAC (as reported)

 

$

81.2

 

$

65.6

 

23.8

%

Excluding IAC Search & Media/expenses and
intercompany eliminations related to the Spin-off

 

13.6

 

17.0

 

 

IAC (Adjusted)

 

$

94.8

 

$

82.6

 

14.7

%

 

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

IAC/InterActiveCorp

 

 

 

 

 

By:

/s/ Gregory R. Blatt

 

Name:

Gregory R. Blatt

 

Title:

Executive Vice President and

 

 

General Counsel

Date: August 1, 2006

 

 

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EXHIBIT INDEX

Exhibit No.

 

 

Description

 

 

 

 

 

 

99.1

 

Press Release of IAC/InterActiveCorp dated August 1, 2006.

 

 

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