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Dec 31, 2020
IAC Q4 2020 Earnings Report
IAC reported Q4 2020 results with revenue increasing by 27% to $849 million.
Key Takeaways
IAC's Q4 2020 results showed strong revenue growth, increasing 27% to $849 million. The company continues to focus on building and acquiring new products and brands, with operations including Vimeo, Dotdash, and Care.com, and majority ownership of ANGI Homeservices.
Q4 revenue increased 27% to $849 million.
The company recorded an income tax provision of $48.0 million in Q4 2020.
Free Cash Flow decreased $60.9 million to $93.0 million for the twelve months ended December 31, 2020.
ANGI Homeservices repurchased 1.2 million Class A common shares between November 6, 2020 and February 2, 2021.
Forward Guidance
The IAC and ANGI Homeservices live webcast on February 4, 2021, may contain forward-looking statements regarding IAC’s future financial performance, business prospects and strategy, including the possibility of separating Vimeo from IAC, anticipated trends and prospects in the industries in which IAC’s businesses operate and other similar matters.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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