secwatch.observer — SEC 8-K summary
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Issuer:     IAC Inc. (IAC)
CIK:        0001800227
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001104659-22-115991
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800227/000110465922115991/0001104659-22-115991-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800227/000110465922115991/tm2229942d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-115991

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