IAC/InterActiveCorp reported increased revenues, with strong performance in its media and advertising businesses, including Ask.com and Citysearch.

IAC reported more than $1.6 billion in quarterly revenue - 11 percent more than the $1.4 billion in the year-ago period, reports ClickZ. Adjusted earnings per share were 35 cents, compared with 32 cents a year ago, and higher than analysts' expectations. Media and advertising revenue increased 62 percent, to $135.5 million. Ask.com revenue increased 59.3 percent; revenue across the network of IAC-owned sites increased 40.7 percent.

"We are unabashedly building an interactive conglomerate," Barry Diller, chairman and CEO of IAC, is quoted as saying. "We have three interrelated strategies: one, the growth of each of our businesses; two, Ask.com as the connecting thread; and three, all our cross-company efforts which allow us to leverage our audience, scale and diversified expertise."

IAC is also coordinating its ad buying with Google, Yahoo and Microsoft. "We want to be seen as one large corporate advertiser, IAC, instead of as a dozen smaller ones," said Doug Lebda, IAC president and COO.