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IAC(IAC) - 2024 Q1 - Earnings Call Transcript
2024-05-08 17:18
IAC Inc. (NASDAQ:IAC) Q1 2024 Earnings Conference Call May 8, 2024 8:30 AM ET Company Participants Christopher Halpin - EVP, CFO & COO Joey Levin - CEO Jeff Kipp - CEO Conference Call Participants John Blackledge - TD Cowen Cory Carpenter - JP Morgan Jason Helfstein - Oppenheimer Justin Patterson - KeyBanc Eric Sheridan - Goldman Sachs Brian Fitzgerald - Wells Fargo Dan Kurnos - The Benchmark Company Brent Thill - Jefferies Tom Champion - Piper Sandler Operator Good day. And welcome to the IAC, Angi First Q ...
IAC (IAC) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Zacks Investment Research· 2024-05-08 00:01
IAC (IAC) reported $929.68 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 14.3%. EPS of -$0.93 for the same period compares to -$2.06 a year ago.The reported revenue represents a surprise of -0.85% over the Zacks Consensus Estimate of $937.68 million. With the consensus EPS estimate being -$1.14, the EPS surprise was +18.42%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ex ...
IAC (IAC) Reports Q1 Loss, Lags Revenue Estimates
Zacks Investment Research· 2024-05-07 23:26
IAC (IAC) came out with a quarterly loss of $0.93 per share versus the Zacks Consensus Estimate of a loss of $1.14. This compares to loss of $2.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 18.42%. A quarter ago, it was expected that this Y would post a loss of $0.20 per share when it actually produced a loss of $0.73, delivering a surprise of -265%.Over the last four quarters, the company has surpassed consensus EPS esti ...
IAC(IAC) - 2024 Q1 - Quarterly Report
2024-05-07 20:16
Table of Contents As filed with the Securities and Exchange Commission on May 7, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________to__________ Commission File No. 001-39356 IAC Inc. (Exact name of registr ...
IAC(IAC) - 2024 Q1 - Quarterly Results
2024-05-07 20:06
Page 1 of 18 IAC REPORTS Q1 2024 Dotdash Meredith announced strategic partnership and licensing agreement with OpenAI Dotdash Meredith Digital revenue growth of 13% Total IAC Q1 operating loss improves $76 million to $59 million Total IAC Q1 Adjusted EBITDA improves $34 million to $43 million NEW YORK— May 7, 2024—IAC (NASDAQ: IAC) released its first quarter results today and separately posted a letter to shareholders from IAC CEO Joey Levin on the Investor Relations section of its website at ir.iac.com. IA ...
Dotdash Meredith Announces Strategic Partnership with OpenAI, Bringing Iconic Brands and Trusted Content to ChatGPT
Prnewswire· 2024-05-07 13:08
Agreement delivers 100 million ChatGPT users trusted content from 40+ iconic media brands including PEOPLE, Better Homes & Gardens, FOOD & WINE, Verywell, InStyle, and Investopedia Companies to collaborate on D/Cipher–Dotdash Meredith's transformative cookieless ad targeting solution—bringing AI-powered capabilities and insights to enhance performance for advertisers NEW YORK, May 7, 2024 /PRNewswire/ -- Dotdash Meredith (DDM), America's largest digital and print publisher, today announced a strategic par ...
IAC Gears Up to Report Q1 Earnings: Here's What to Expect
Zacks Investment Research· 2024-05-06 18:01
IAC Inc. (IAC) is scheduled to release first-quarter 2024 results on May 07, after market close.The company has a lackluster earnings surprise history, having outperformed the Zacks Consensus Estimate in one of the preceding four quarters while matching in one and missing in the other two, the average beat being negative 77.8%. In the last reported quarter, it reported a loss of 73 cents per share, which missed the Zacks Consensus Estimate of a loss of 20 cents per share by 265%.Let’s see how things have sh ...
Countdown to IAC (IAC) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS
Zacks Investment Research· 2024-05-06 14:21
Wall Street analysts expect IAC (IAC) to post quarterly loss of $1.14 per share in its upcoming report, which indicates a year-over-year increase of 44.7%. Revenues are expected to be $937.68 million, down 13.5% from the year-ago quarter.Over the last 30 days, there has been an upward revision of 2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Before a ...
Will IAC (IAC) Report Negative Earnings Next Week? What You Should Know
Zacks Investment Research· 2024-04-30 15:06
Wall Street expects a year-over-year increase in earnings on lower revenues when IAC (IAC) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 7. On the other han ...
IAC TO ANNOUNCE Q1 2024 EARNINGS ON MAY 7th AND HOST EARNINGS CONFERENCE CALL ON MAY 8th
Prnewswire· 2024-04-16 20:10
NEW YORK, April 16, 2024 /PRNewswire/ -- After the close of market trading on Tuesday, May 7, 2024, IAC (NASDAQ: IAC) will post its first quarter results and simultaneously IAC CEO Joey Levin will publish a letter to shareholders, which may include certain forward-looking information, at https://ir.iac.com/quarterly-results. On Wednesday, May 8, 2024, at 8:30 a.m. ET, IAC and Angi Inc. will host a conference call to answer questions regarding the companies' respective first quarter results. The live audioca ...