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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.
IAC
IAC
IAC Revenue by Segment
Revenue by Segment
Search Revenue
CapyFin.comEmerging & Other Revenue
CapyFin.com 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