IAC Q3 revenue +41% to $1.3B, net loss $63.8M vs profit $60.7M; adjusted EBITDA +81% to $54.8M

IAC Inc.

2022-Q3 EPS reported -$13.51 revenue$3,988,827,000

GAAP net loss $63.8M (EPS -$0.74) vs profit $60.7M ($0.65); operating loss widened to $124.7M.
Adjusted EBITDA rose 81% to $54.8M; Dotdash Meredith segment Adjusted EBITDA $31.2M (up from $8.2M).
Dotdash Meredith pro forma total revenue -19% (Digital -13%, Print -24%); $18.5M restructuring charges.
Angi Inc. revenue +8% to $498M; operating loss improved to -$11M; Adjusted EBITDA +85% to $22.9M.
IAC sold Bluecrew to EmployBridge for cash/stock, becoming minority shareholder; expects close Nov 2022. Repurchased 367K shares at $71.56.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

IAC Inc. reported Q3 2022 results: revenue $1,300.9, net income (63.8 ), EPS (0.74 ).

Period: Q3 2022
Revenue: $1,300.9
Net income: (63.8 )
EPS: (0.74 )
Result: reported results

Exact text from the filing

IAC CEO Joey Levin on the Investor Relations section of its website at ir.iac.com . IAC SUMMARY RESULTS ($ in millions except per share amounts) Q3 2022 Q3 2021 Growth Revenue $ 1,300.9 $ 924.1 41 % Operating loss (124.7 ) (32.1 ) -289 % Unrealized gain on investment in MGM 42.5 29.5 44 % Net (loss) earnings (63.8 ) 60.7 NM Diluted (loss) earnings per share (0.74

View on SEC.gov

20 earnings releases filed in the last 30 days. Browse all earnings releases →

IAC Inc. filing history →

Source: SEC EDGAR

accession 0001104659-22-115991

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.