IAC Q4 revenue up 8% to $1.25B; adjusted EBITDA $99.7M vs $3.5M last year

IAC Inc.

2022-FY EPS reported -$13.55 revenue$5,235,280,000

Q4 revenue $1.25B (+8%); net loss $1.4M vs profit $13M; diluted EPS -$0.02 vs +$0.14.
Adjusted EBITDA surged to $99.7M from $3.5M; Dotdash Meredith generated $73.3M vs -$15.1M (includes restructuring).
Angi Inc. revenue +6% to $442M; operating loss $60.4M (incl. $26M Roofing goodwill impairment) but Adj. EBITDA $15.7M vs -$3.3M.
Search revenue fell 45% to $153M; Emerging & Other down 16% to $177M (sold Bluecrew Nov 2022, gain $132.2M).
FY 2022 free cash flow negative $222.5M; cash $1.7B, debt $2.1B; holds 64.7M MGM shares worth $2.8B.

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 0.9

IAC Inc. reported Q4 2022 results: revenue $1,246.5, net income (1.4), EPS (0.02).

Period: Q4 2022
Revenue: $1,246.5
Net income: (1.4)
EPS: (0.02)
Result: reported results

Exact text from the filing

the Investor Relations section of its website at ir.iac.com . IAC SUMMARY RESULTS ($ in millions except per share amounts) Q4 2022 Q4 2021 Growth FY 2022 FY 2021 Growth Revenue $ 1,246.5 $ 1,159.4 8 % $ 5,235.3 $ 3,699.6 42 % Operating loss (75.1 ) (69.4 ) -8 % (474.8 ) (137.1 ) -246 % Unrealized gain (loss) on investment in MGM 246.6 102.1 141 % (723.5 ) 789.3 NM

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

IAC Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-019731

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