secwatch.observer — SEC 8-K summary
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Issuer:     IAC Inc. (IAC)
CIK:        0001800227
Form:       8-K
Filed at:   2023-02-13T23:59:59+00:00
Accession:  0001104659-23-019731
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800227/000110465923019731/0001104659-23-019731-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800227/000110465923019731/tm236513d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-019731

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