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Mar 31, 2022
IAC Q1 2022 Earnings Report
IAC's first quarter performance was marked by a significant revenue increase.
Key Takeaways
IAC reported a strong first quarter with revenue increasing by 68% to $1.3 billion. The company's performance was supported by its diverse portfolio of businesses, including Dotdash Meredith, Angi Inc., and Care.com.
Q1 revenue increased 68% to $1.3 billion.
Dotdash Meredith experienced pre-tax losses of $35.4 million related to Meredith's funded pension plans.
The company recorded an income tax benefit of $70.5 million for an effective tax rate of 23%.
Free Cash Flow decreased to negative $17.6 million due to lower Adjusted EBITDA and higher capital expenditures.
Forward Guidance
IAC and Angi Inc. will live stream a joint video conference to answer questions regarding their first quarter results on Tuesday, May 10, 2022, at 8:30 a.m. Eastern Time.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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