secwatch.observer — SEC 8-K summary
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Issuer:     IAC Inc. (IAC)
CIK:        0001800227
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001800227-24-000035
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800227/000180022724000035/0001800227-24-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800227/000180022724000035/iaci-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001800227-24-000035

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