ServiceMagic 2011 Annual Report Download - page 30

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Table of Contents
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations
MANAGEMENT OVERVIEW
IAC operates more than 50 leading and diversified Internet businesses across 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; as well as investments in unconsolidated
affiliates.
Results
Set forth below are the contributions made by our various segments and corporate operations to consolidated revenue, operating income
(loss) and Operating Income Before Amortization (as defined in IAC's Principles of Financial Reporting) for the years ended December 31,
2011, 2010 and 2009.
27
Years Ended December 31,
2011
Growth
2010
Growth
2009
(Dollars in thousands)
Revenue:
Search
$
1,093,863
31
%
$
837,134
23
%
$
681,781
Match
518,027
29
%
400,723
17
%
342,598
ServiceMagic
205,079
13
%
181,423
16
%
155,813
Media & Other
243,814
11
%
219,896
30
%
168,787
Inter
segment elimination
(1,339
)
43
%
(2,361
)
(3
)%
(2,284
)
Total
$
2,059,444
26
%
$
1,636,815
22
%
$
1,346,695
Years Ended December 31,
2011
Growth
2010
Growth
2009
(Dollars in thousands)
Operating Income (Loss):
Search
$
201,695
79
%
$
112,867
NM
$
(980,231
)
Match
137,555
19
%
115,367
36
%
84,655
ServiceMagic
21,380
30
%
16,448
23
%
13,383
Media & Other
(13,707
)
71
%
(47,539
)
(115
)%
(22,061
)
Corporate
(149,161
)
(1
)%
(147,348
)
(10
)%
(133,733
)
Total
$
197,762
297
%
$
49,795
NM
$
(1,037,987
)
NM = not meaningful
Years Ended December 31,
2011 Growth 2010 Growth 2009
(Dollars in thousands)
Operating Income Before
Amortization:
Search
$
203,136
62
%
$
125,549
37
%
$
91,615
Match
156,274
28
%
122,057
30
%
94,124
ServiceMagic
23,857
31
%
18,165
(15
)%
21,286
Media & Other
(12,073
)
(1
)%
(12,009
)
39
%
(19,699
)
Corporate
(62,787
)
2
%
(64,183
)
2
%
(65,465
)
Total
$
308,407
63
%
$
189,579
56
%
$
121,861