- IAC's ( NASDAQ: IAC ) monthly metrics for December 2022 announced on Wednesday showed a fall in total Dotdash Meredith revenue for the first and only month of the year.
- Total Dotdash Meredith revenue grew at a breakneck pace of more than 500% Y/Y for the first eleven months of 2022.
- However, Wednesday's metrics showed a 28% Y/Y fall in total Dotdash Meredith revenue for Dec. 2022. On a pro forma basis, total revenue fell a similar 28% Y/Y.
- IAC's Dotdash Meredith, which took over the National Media of publisher Meredith, saw a 39% Y/Y fall in print revenue for Dec. 2022. Digital revenue fell for the first time in 2022, slipping 18% Y/Y for the final month.
- IAC's home services provider business Angi ( NASDAQ: ANGI ) continued to show modest gains in total revenue with a 6% Y/Y increase for Dec. 2022.
- In IAC's Search operations, Ask Media Group revenue fell 45% Y/Y for Dec. 2022, while Desktop revenue slid 35% Y/Y.
- IAC ( IAC ) stock was marginally lower at $50.75 after hours, while class A shares of Angi ( ANGI ) were +1.6% to $2.60.
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IAC's Dotdash Meredith revenue for Dec. falls for first time in 2022, Angi revenue rises