IAC Q3 2023 Earnings Report
Key Takeaways
IAC reported improved Q3 2023 results with a 74% improvement in operating loss to $33 million and an 83% increase in Adjusted EBITDA to $100 million.
Operating loss improved by 74% to $33 million.
Adjusted EBITDA increased by 83% to $100 million.
Dotdash Meredith's digital Adjusted EBITDA increased 129% to $51.8 million.
Income tax benefit of $118.8 million was recorded for Q3 2023.
IAC
IAC
Forward Guidance
IAC and Angi Inc. will host a conference call to answer questions regarding their third quarter results on Wednesday, November 8, 2023, at 8:30 a.m. Eastern Time. This conference call 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.