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Mar 31, 2021
IAC Q1 2021 Earnings Report
IAC reported Q1 2021 earnings with revenue increasing by 28% to $876 million.
Key Takeaways
IAC's first quarter results revealed a 28% increase in revenue, reaching $876 million. The company's performance was driven by growth in its key segments.
Q1 revenue increased 28% to $876 million.
Income tax provision was $48.8 million with an effective tax rate of 13%.
Net cash from operations increased $14.7 million to $53.9 million.
Free Cash Flow increased $9.2 million to $33.5 million due primarily to higher Adjusted EBITDA.
Forward Guidance
IAC and Angi Inc. will live stream a joint video conference to answer questions regarding their first quarter results on Friday, May 7, 2021, at 8:30 a.m. Eastern Time.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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