Dotdash Meredith narrows net loss to $10.9M in Q2 2024; operating income turns positive

IAC Inc.

Q2 2024 revenue $425.2M, up 2.7% YoY from $414.0M.
Operating income of $18.3M vs. a $17.8M loss in Q2 2023, driven by lower costs.
Six-month net loss improved to $44.9M from $142.9M in prior year.
Total debt of $1.51B; interest expense $34.5M in Q2 2024.
Parent IAC contributed $105M and received $160M in distributions in H1 2024.

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