IAC Q1 2023 Earnings Report
Key Takeaways
IAC's first quarter results revealed revenue of $1.1 billion. Free cash flow increased by $20.9 million to $3.3 million due to higher Adjusted EBITDA and lower capital expenditures. Between February 14, 2023 and May 5, 2023, IAC repurchased 3.1 million common shares for an aggregate of $158 million.
Q1 revenue was $1.1 billion.
Free cash flow increased $20.9 million to $3.3 million.
Net cash provided by operating activities was $25.2 million, a $12.3 million increase year-over-year.
Between February 14, 2023 and May 5, 2023, IAC repurchased 3.1 million common shares for an aggregate of $158 million.
IAC
IAC
IAC Revenue by Geographic Location
Forward Guidance
The conference call on May 10, 2023, will include the disclosure of certain information, including forward-looking information, which may be material to an investor’s understanding of IAC’s and Angi Inc.’s businesses.