IAC Stock Recent News

A weak advertising market and demand for home repairs has weighed on the company's revenue growth. The company was able to significantly narrow its operating loss in the second quarter.

IAC missed estimates on the top and bottom lines. Revenue declined in all four of its business segments.

IAC CEO Joey Levin joins 'Squawk on the Street' to discuss what happened with the company's quarterly earnings results, whether there's been a real turnaround in advertising spend, and more.

While the top- and bottom-line numbers for IAC (IAC) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

IAC (IAC) came out with a quarterly loss of $0.76 per share in line with the Zacks Consensus Estimate. This compares to loss of $1.71 per share a year ago.

Shares of IAC Inc. IAC, -0.54% fell 10.7% after hours on Tuesday after the media company reported second-quarter results that missed expectations. The company — which oversees outlets like People, Entertainment Weekly and the Daily Beast — reported a net loss of $91.6 million, or $1.07 a share, compared with $875.4 million, or $10.02 a share, in the same quarter last year.

Joey Levin, IAC CEO, joins CNBC's Julia Boorstin and 'Fast Money' from Sun Valley Conference to talk the impact of A.I., the future of media and more.

IAC Inc. IAC, -3.61% shares rose in the extended session Tuesday after the company announced a pair of top leadership changes. IAC shares rose as much as 5% after hours, following a 3.6% decline to close at $60.68.

IAC returns to sustainable profitability at Angi and Emerging & Other segment, with a focus on improving customer experiences for ANGI services. Dotdash Meredith faces a challenging advertising market but remains a profitable business with targeted, intent-driven ad campaigns. IAC is undervalued and actively seeking investment opportunities in unloved public companies, diamonds in the rough, and small private companies.

IAC Inc. (NASDAQ:IAC ) Q1 2023 Earnings Conference Call May 10, 2023 8:30 AM ET Company Participants Christopher Halpin - Chief Financial Officer and COO Joey Levin - Chief Executive Officer, IAC and Chief Executive Officer and Chairman, Angi Inc. Conference Call Participants Ross Sandler - Barclays Cory Carpenter - JPMorgan Brian Fitzgerald - Wells Fargo John Blackledge - Cowen Brent Thill - Jefferies Jason Helfstein - Oppenheimer Eric Sheridan - Goldman Sachs Stephen Ju - Credit Suisse Ygal Arounian - Citigroup Youssef Squali - Truist Justin Patterson - KeyBanc Operator Good morning. And welcome to the IAC and Angi First Quarter 2023 Earnings Call.