USA Interactive

New York

Revenue: $5.29 billion

Profits: $384 million

A lot has changed at USA Interactive over the past year — including its name.

The Barry Diller-controlled firm — formerly known as USA Networks — was transformed from a media and technology conglom to a pure-play commerce venture in one fell swoop in December, when it sold its cable television operations to French media giant Vivendi Universal for a whopping $10 billion.

As part of that deal, Diller went to Viv U to run the entertainment division called Vivendi Universal Entertainment, which includes the film, music and newly acquired TV units.

Diller has not lost interest in USAI. He remains CEO of the newly streamlined company and continues to evangelize about its collection of on- and offline direct sales businesses, which have performed well.

USAI’s properties include TV-based retailer the Home Shopping Network, which reaches more than 75 million homes nationwide and has a large online component. The company also holds majority stakes in Ticketmaster, which sells nearly 90 million tickets to entertainment and sports events every year; online travel firm Expedia.com; and Web-reservation service Hotel.com.

That portfolio paid handsome dividends in the latest quarter, when USAI said cash flow swelled 45% from a year earlier, and raised its financial targets for the rest of the year. USAI also ended the quarter with a solid balance sheet, boasting more than $4 billion in cash on hand.

Still, USAI’s performance on Wall Street has been decidedly mediocre. The stock now trades around $21, about on par with 12 months ago .

More Scene

  • Carter Hudson, John Singleton, Angela LewisFX's

    John Singleton on Disney-Fox Deal: 'You Gotta Let FX Be What It Is'

    Revenue: $5.29 billion Profits: $384 million A lot has changed at USA Interactive over the past year — including its name. The Barry Diller-controlled firm — formerly known as USA Networks — was transformed from a media and technology conglom to a pure-play commerce venture in one fell swoop in December, when it sold its […]

  • Kevin Durant Lindsey Vonn

    Kevin Durant, Lindsey Vonn to Keynote Variety's Sports & Entertainment Breakfast

    Revenue: $5.29 billion Profits: $384 million A lot has changed at USA Interactive over the past year — including its name. The Barry Diller-controlled firm — formerly known as USA Networks — was transformed from a media and technology conglom to a pure-play commerce venture in one fell swoop in December, when it sold its […]

  • Cher and Meryl Streep'Mamma Mia! Here

    How the Cast of 'Mamma Mia! Here We Go Again' Geeked Out Around Cher

    Revenue: $5.29 billion Profits: $384 million A lot has changed at USA Interactive over the past year — including its name. The Barry Diller-controlled firm — formerly known as USA Networks — was transformed from a media and technology conglom to a pure-play commerce venture in one fell swoop in December, when it sold its […]

  • Demi MooreComedy Central's Roast of Bruce

    Demi Moore Appears as Surprise Guest at Bruce Willis' Comedy Central Roast

    Revenue: $5.29 billion Profits: $384 million A lot has changed at USA Interactive over the past year — including its name. The Barry Diller-controlled firm — formerly known as USA Networks — was transformed from a media and technology conglom to a pure-play commerce venture in one fell swoop in December, when it sold its […]

  • Outfest Filmmakers Get Political, Issue Call

    Outfest Filmmakers Get Political, Issue Call to Action on Opening Night

    Revenue: $5.29 billion Profits: $384 million A lot has changed at USA Interactive over the past year — including its name. The Barry Diller-controlled firm — formerly known as USA Networks — was transformed from a media and technology conglom to a pure-play commerce venture in one fell swoop in December, when it sold its […]

  • Bob Woodruff Foundation Acquires Veterans Org

    Bob Woodruff Foundation Acquires Veterans Org Got Your 6

    Revenue: $5.29 billion Profits: $384 million A lot has changed at USA Interactive over the past year — including its name. The Barry Diller-controlled firm — formerly known as USA Networks — was transformed from a media and technology conglom to a pure-play commerce venture in one fell swoop in December, when it sold its […]

More From Our Brands

Access exclusive content