Thomas J. McInerney EVP

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Thomas J. McInerneyEVP Chief Financial Officer
May 2006
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Building Businesses Across the Consumer Spectrum
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Multiple Brands
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Financial Results Q1 2006
in millions
Revenue Revenue Revenue Operating Income Before Amortization Operating Income Before Amortization Operating Income Before Amortization
Q1 06 Q1 05 Growth Q1 06 Q1 05 Growth
Retailing 769 599 28 62 59 4
Services 482 380 27 82 63 30
Media Advertising 118 9 1208 12 (1) NM
Membership Subscriptions 178 154 16 29 27 8
Emerging 8 4 111 (6) (3) -119
Corporate Other (5) (9) 46 (20) (34) 42
Total 1,551 1,136 36 158 111 42

Adjusted 1,266 1,136 11 138 123 12
Excludes IAC Search Media/Cornerstone/expenses
and intercompany eliminations related to the
spin-off.
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Net Cash March 31, 2006
1.3 billion gross debt less 365 million
LendingTree Loans debt that is non-recourse to
IAC.
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Retailing Get HSN Back On Track
Trailing Twelve Months Y/Y HSN Revenue Growth
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Ticketing Capitalize on Strong Momentum
in millions
Q1 05 Q1 06
Email Alerts (in millions) 220 325
TicketFast venues 1,802 2,295
TeamExchange teams 28 43
Auctions Y/Y growth NM 507
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Lending Grow Through Cyclical Contraction
Year-Over-Year Growth
Source U.S. mortgage market growth derived from
MBAA data (April 2006).
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Personals Strengthen Worldwide Leadership
Subscribers at end of period, in thousands
1 ranking reflects reach position based upon
unique visitors, including MSN Personals. Source
ComScore, March 2006.
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Search Take Ask.com to the Next Level
Share of U.S. Search Queries
Source comScore Q Search, March 2006.
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Important Safe Harbor Statement Under The
Private Securities Litigation Reform Act Of 1995
This presentation contains forward-looking
statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These
forward-looking statements include statements
relating to anticipated financial performance,
business prospects, new developments and similar
matters, and/or statements that use words such as
"anticipates," "estimates," "expects," "intends,"
"believes" and similar expressions. These
forward-looking statements are necessarily
estimates reflecting the best judgment of IACs
senior management, and involve a number of risks
and uncertainties that could cause actual results
to differ materially from those suggested by the
forward-looking statements. These risks and
uncertainties are described in IACs filings with
the U.S. Securities and Exchange Commission (the
SEC), including its Annual Report on Form 10-K
for the fiscal year ended 2005, Quarterly Reports
on Form 10-Q, Current Reports on Form 8-K and
2005 Annual Proxy Statement. Other unknown or
unpredictable factors also could have material
adverse effects on IACs future results,
performance or achievements. In light of these
risks and uncertainties, the forward-looking
events discussed in this presentation may not
occur. You are cautioned not to place undue
reliance on these forward-looking statements,
which speak only as of the date stated, or if no
date is stated, as of the date of this
presentation. IAC is not under any obligation
and does not intend to make publicly available
any update or other revisions to any of the
forward-looking statements contained in this
presentation to reflect circumstances existing
after the date of this presentation or to reflect
the occurrence of future events even if
experience or future events make it clear that
any expected results expressed or implied by
those forward-looking statements will not be
realized.
Prepared May 2006
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Reconciliation Operating Income Before
Amortization to Operating Income
in millions rounding differences may exist
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Reconciliation Reported to Adjusted Revenue,
Operating Income Before Amortization, and
Operating Income
in millions rounding differences may exist
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