ServiceMagic 2009 Annual Report Download - page 31

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Table of Contents
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations
MANAGEMENT OVERVIEW
IAC is a leading internet company with more than 50 brands serving consumer audiences across more than 30 countries... our mission is to
harness the power of interactivity to make daily life easier and more productive for people all over the world. IAC includes the businesses
comprising its Search segment; its Match and ServiceMagic segments; the businesses comprising its Media & Other segment; and certain
investments in unconsolidated affiliates.
All references to "IAC," the "Company," "we," "our" or "us" in this report are to IAC/InterActiveCorp.
Results
Set forth below are the contributions made by our various segments and corporate expenses to consolidated revenue, operating (loss)
income and Operating Income Before Amortization (as defined in IAC's Principles of Financial Reporting) for the years ended December 31,
2009, 2008 and 2007 (dollars in thousands).
26
Years Ended December 31,*
2009 Growth 2008 Growth 2007
Revenue:
Search
688,163
(10
)%
765,526
%
$
745,996
Match
342,598
(6
)%
365,505
%
348,733
ServiceMagic
155,813
26
%
123,914
33
%
93,385
Media & Other
197,842
(9
)%
216,444
32
%
164,068
Inter
-
segment elimination
(8,628
)
67
%
(26,294
)
(34
)%
(19,600
)
Total
1,375,788
(5
)%
1,445,095
%
$
1,332,582
Years Ended December 31,*
2009 Growth 2008 Growth 2007
Operating (Loss) Income:
Search
(990,119
)
NM
97,456
260
%
$
27,100
Match
84,655
12
%
75,490
15
%
65,780
ServiceMagic
13,383
(44
)%
23,983
36
%
17,587
Media & Other
(32,522
)
38
%
(52,678
)
(184
)%
(18,545
)
Corporate
(133,903
)
35
%
(206,212
)
(21
)%
(170,426
)
Total
(1,058,506
)
(1,608
)%
(61,961
)
21
%
$
(78,504
)