2023-05-09 16:10:23 ET
- IAC ( NASDAQ: IAC ): Q1 GAAP EPS of $4.57 may not be comparable to consensus of -$1.08 as it reflects an unrealized gain on IAC's investment in MGM Resorts International ( MGM ) of $704.8M.
- Revenue of $1.08B (-18.8% Y/Y) beats by $20M .
- Operating loss of $135.6M vs. loss of $108.8M last year.
- Dotdash Meredith revenue of $387.6M (-23% Y/Y).
- Dotdash Meredith digital revenue of $184.8M (-15% Y/Y).
- Dotdash Meredith print revenue of $207M (-29% Y/Y).
- Angi ( ANGI ) revenue of $392.4M (-10% Y/Y).
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IAC reports Q1 results, posts nearly 19% fall in revenue