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Dec 31, 2021
IAC Q4 2021 Earnings Report
IAC reported a 52% increase in Q4 revenue, reaching $1.2 billion.
Key Takeaways
IAC's Q4 2021 results revealed a 52% increase in revenue, reaching $1.2 billion. The company's focus remains on building and acquiring new products and brands, with a portfolio including Angi Inc., Dotdash Meredith, and Care.com.
Q4 revenue increased by 52% year-over-year to $1.2 billion.
Dotdash Meredith's credit agreement included a $350 million term loan A, a $1.25 billion term loan B, and a $150 million revolving credit facility.
IAC has 8.0 million shares remaining in its stock repurchase authorization.
Angi Inc. repurchased 1.0 million Class A common shares at an average price of $7.80 between November 4, 2021, and February 11, 2022.