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Jun 30, 2024
Icahn Enterprises Q2 2024 Earnings Report
Icahn Enterprises reported a net loss and lower revenues compared to the previous year.
Key Takeaways
Icahn Enterprises reported a net loss of $331 million on revenues of $2.2 billion for the second quarter of 2024. This compares to a net loss of $269 million on revenues of $2.6 billion for the same period in 2023. Adjusted EBITDA was a loss of $155 million, significantly lower than the $14 million Adjusted EBITDA in the prior year.
Revenues for Q2 2024 were $2.2 billion, down from $2.6 billion in Q2 2023.
Net loss for Q2 2024 was $331 million, compared to a net loss of $269 million in Q2 2023.
Adjusted EBITDA was a loss of $155 million for Q2 2024, versus an Adjusted EBITDA of $14 million for Q2 2023.
Indicative net asset value decreased by $969 million compared to March 31, 2024.