IAC completes spin-off of Angi; provides restated historical financials for continuing ops

IAC Inc.

Completed spin-off of Angi Inc. on March 31, 2025 via special dividend of all Angi shares to IAC stockholders.
Angi (including Roofing) reclassified as discontinued operations for all periods prior to spin-off; IAC no longer owns Angi.
Continuing ops revenue 2024: $2.62B (Dotdash Meredith $1.78B, Care.com $370M, Search $388M, Emerging & Other $89M).
Continuing ops Adjusted EBITDA 2024: $232M (Dotdash Meredith $295M, Care.com $45M, Search $17.5M, Emerging & Other -$36M).
2024 continuing ops net loss attributable to IAC shareholders -$540M, including $649M unrealized loss on MGM investment.

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