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Jun 30, 2024
IAC Q2 2024 Earnings Report
IAC's financial performance reflected improvements in operating loss and Adjusted EBITDA, driven by growth in Dotdash Meredith Digital revenue and Angi Inc.'s operating income.
Key Takeaways
IAC reported a 15% decrease in revenue to $949.5 million, but showed significant improvements in profitability. The operating loss improved by 78% to $12 million, and Adjusted EBITDA increased by 24% to $87.3 million. Dotdash Meredith Digital revenue grew by 12%, and Angi Inc.'s operating income increased by $25 million.
Dotdash Meredith Digital revenue increased by 12%, marking the second consecutive quarter of double-digit growth.
Total IAC Q2 operating loss improved significantly by 78% to $12 million.
Total IAC Q2 Adjusted EBITDA improved by 24% to $87 million.
Angi Inc. Operating income increased $25 million to $9 million and Adjusted EBITDA increased 115% to $42 million.
IAC
IAC
IAC Revenue by Segment
Revenue by Segment
People Inc. Revenue
CapyFin.comCare.com Revenue
CapyFin.comSearch Revenue
CapyFin.comEmerging & Other Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income