IAC Q2 revenue down 15% but operating loss narrows 78%; Adj EBITDA up 24%

IAC Inc.

2024-Q2 EPS reported -$1.17 revenue$1,879,207,000

Revenue $949.5M (-15% YoY); operating loss improved to -$12M from -$55.5M.
Adjusted EBITDA $87.3M (+24% YoY); Dotdash Meredith Digital revenue +12%.
Angi Inc. operating income swung to $9.2M profit vs -$15.4M loss; Adj EBITDA +115%.
Search revenue fell 43% to $101.8M; Emerging & Other -38% due to divestitures.
Free Cash Flow H1 2024 $117.3M vs $20.1M; Angi Inc. new 25M share buyback auth.

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