---
schema_version: "secwatch.filing_event.v1"
accession: "0001800227-24-000022"
form_type: "8-K"
ticker: "IAC"
cik: "0001800227"
company_name: "IAC Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T19:37:37.247586+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# IAC Q1 2024: Revenue -14% to $930M, operating loss improves; Dotdash Meredith digital rev +13%

## Summary
- Total Q1 revenue $929.7M (-14% YoY); operating loss narrowed to $59.2M from $135.6M.
- Dotdash Meredith revenue $390.5M (+1% YoY) with digital revenue up 13% to $209.3M; announced OpenAI partnership.
- Angi Inc. revenue $305.4M (-14% YoY); operating income improved to $2.7M; Jeff Kip appointed CEO.
- IAC Adjusted EBITDA $43.0M vs $9.1M YoY; holds $1.6B cash and $2.0B debt; MGM stake worth $2.7B.
- Search revenue down 29% to $108.5M; Emerging & Other revenue down 34% to $126.5M including Mosaic sale.

## SEC filing metadata
- accession: 0001800227-24-000022
- form_type: 8-K
- ticker: IAC
- cik: 0001800227
- company_name: IAC Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1800227/000180022724000022/0001800227-24-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1800227/000180022724000022/iaci-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001800227-24-000022
- JSON: https://secwatch.observer/filing/0001800227-24-000022.json
- Plain text: https://secwatch.observer/filing/0001800227-24-000022.txt

## Key facts
- Earnings Releases
  IAC Inc. reported Q1 2024 results: revenue $929.7, net income $45.0, EPS $0.51.
  - Period: Q1 2024
  - Revenue: $929.7
  - Net income: $45.0
  - EPS: $0.51
  - Result: reported results
  source text: IAC CEO Joey Levin on the Investor Relations section of its website at ir.iac.com . IAC SUMMARY RESULTS ($ in millions except per share amounts) Q1 2024 Q1 2023 Growth Revenue $ 929.7 $ 1,084.3 -14 % Operating loss (59.2) (135.6) 56 % Unrealized gain on investment in MGM Resorts International 163.8 704.8 -77 % Net earnings 45.0 417.8 -89 % Diluted earnings per
  evidence_url: https://www.sec.gov/Archives/edgar/data/1800227/000180022724000022/0001800227-24-000022-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.