secwatch.observer — SEC 8-K summary
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Issuer:     IAC Inc. (IAC)
CIK:        0001800227
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001800227-24-000023
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800227/000180022724000023/0001800227-24-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800227/000180022724000023/iaci-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001800227-24-000023

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer