Barry Diller Is Still Happy

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"The Internet Commerce Group, consisting of,, Hotel Reservations Network and, generated $39 million EBITDA (earnings before interest, taxes, debt and appreciation) on $182 million in revenue during the first quarter, an 89 percent jump in revenue over last year. Based on those numbers and projections that have been adjusted to take a faltering economy into consideration, Diller says the group can bring in $750 million in 2001 with profits of $120 million."

Homestore, Expedia, Ticketmaster,, that’s a few big sites growing into profitable properties.
07/17/01 update: USA Networks to Buy 75% of Expedia.

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