IAC - IAC GAAP EPS of -$1.07 misses by $0.29 revenue of $1.11B misses by $10M
2023-08-08 16:13:28 ET
- IAC ( NASDAQ: IAC ): Q2 GAAP EPS of -$1.07 misses by $0.29 .
- Revenue of $1.11B (-18.4% Y/Y) misses by $10M .
- Dotdash Meredith Digital revenue was $212 million (down 10% year-over-year, improving from 15% declines in Q1 2023) and Print revenue was $207 million (down 21% year-over-year, improving from 29% declines in Q1 2023).
- Angi revenue was $375 million, reflecting the impact of the change to net revenue recognition for Services, which took effect January 1, 2023.
- Emerging & Other revenue decreased 8% year-over-year to $148 million driven primarily by the sale of Bluecrew on November 9, 2022 (which was included in prior year results), partially offset by 48% growth from Vivian Health and 2% growth from Care.com.
For further details see:
IAC GAAP EPS of -$1.07 misses by $0.29, revenue of $1.11B misses by $10M