Dotdash Meredith Q1 2024: Revenue $390.5M, net loss $34.0M; merger completed March 1

IAC Inc.

2024-Q1 EPS reported $0.51 revenue$929,680,000

Net loss $34.0M vs $107.2M in Q1 2023; operating loss $20.8M vs $111.2M.
Revenue $390.5M, up 0.8% YoY; Digital segment $313.8M, Print $76.7M.
Total debt $1.5325B; cash $268.7M. Interest expense $34.7M.
On March 1, 2024, Dotdash Meredith merged into subsidiary and renamed parent entity.
Q1 2023 had $70.0M real estate impairment; no similar charge in Q1 2024.

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