Dotdash Meredith reports 2023 revenue down 12% YoY to $1.69B, net loss improves to $207M

IAC Inc.

Revenue $1.6949B in 2023 vs $1.9347B in 2022, driven by print declines; Digital revenue not separately disclosed.
Net loss of $207.4M in 2023 vs $367.5M in 2022; operating loss narrowed to $150.7M from $188.1M.
Goodwill unchanged at $1.5B; intangible assets net $615.5M (down from $895.2M due to amortization).
Long-term debt $1.497B at Dec 2023; received $510M contributions from IAC and made $405M distributions during year.
Interest expense $137.5M vs $90.1M in 2022 due to higher rates on Term Loan B.

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