ANGI - IAC: Profits Should Improve Further In Q4
2024-02-11 07:16:58 ET
Summary
- IAC has a portfolio of non-public brands whose valuation seems to be the point of contention for markets.
- Q3 earnings showed declines in print media revenues but some pockets of performance in digital marketing, but overall IAC marketing revenues suffered, and Angi suffered especially.
- The upcoming Q4 earnings are expected to show improvements in digital revenue and advertising budgets, probably improving sales direction.
- While some of the declines reflect the overall market, they have also been doing substantial restructuring which has already yielded results in terms of profitability.
- Any sales increases now should move through a more profitable operation.
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IAC: Profits Should Improve Further In Q4