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Jun 30, 2020

IAC Q2 2020 Earnings Report

IAC Q2 revenue increased to $726 million.

Key Takeaways

IAC's second quarter results were released, with Q2 revenue increasing to $726 million.

Q2 2020 financial results were announced.

A letter to shareholders from IAC CEO Joey Levin was posted.

IAC executives will participate in the ANGI Homeservices quarterly conference call.

IAC had approximately $2.9 billion of cash and cash equivalents as of August 7, 2020.

Total Revenue
$726M
Previous year: $1.19B
-38.8%
EPS
-$1.13
Previous year: $1.19
-195.0%
Gross Profit
$548M
Previous year: $539M
+1.6%
Cash and Equivalents
$2.9B
Previous year: $675M
+329.6%
Free Cash Flow
$23.1M
Previous year: $65.8M
-64.9%
Total Assets
$6.37B

IAC

IAC

IAC Revenue by Geographic Location

Forward Guidance

Forward-looking statements were made regarding IAC's future financial performance, business prospects and strategy.