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Sep 30, 2024
IAC Q3 2024 Earnings Report
IAC announced a potential spin-off of Angi, Dotdash Meredith's digital revenue grew, and total operating income and Adjusted EBITDA improved.
Key Takeaways
IAC's Q3 2024 results showed a revenue of $938.7 million, a net loss of $243.7 million, and an Adjusted EBITDA of $107.4 million. The company is considering spinning off its ownership stake in Angi Inc. Dotdash Meredith's digital revenue increased by 16%.
IAC announced it is considering a spin-off of its ownership stake in Angi Inc. to its shareholders.
Dotdash Meredith Digital revenue increased 16% to $246 million, the third consecutive quarter of double-digit growth, while Print revenue declined 6% to $199 million.
Angi Inc. Operating income increased $16 million to $8 million and Adjusted EBITDA increased 27% to $35 million.
Emerging & Other Q3 2024 operating income of $13 million increased $13 million and Adjusted EBITDA increasing 23% to $16 million driven largely by profits at The Daily Beast and Vivian Health compared to losses in Q3 2023.
Revenue by Segment
Forward Guidance
The conference call on November 12, 2024, will include forward-looking information that may be material to investors' understanding of IAC and Angi Inc.'s business.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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