The IAC building is shown, Oct. 26, 2009 in New York. IAC/InterActiveCorp, which runs Match.com, … [+] Ask.com and other Web sites, said Tuesday that asset sales helped it profit in the third quarter while advertising revenue continued to slump. (AP Photo/Mark Lennihan) ASSOCIATED PRESS On August 4, 2021, IAC/InterActiveCorp’s IAC (NASDAQ NDAQ : IAC, $130.07, Market Capitalization: $11.6 billion) announced 2Q21 results. Total revenue increased 25.9% YOY to $829.4 million (-8.0% vs. consensus), driven by broad based growth across all operating segments including ANGI Inc. (+12.2%), Dotdash (+64.3%), Search (+39.8%) and Emerging & Other (+15%). Adjusted EBITDA grew 34.7% to $26.4 million (-8.2% vs. consensus), driven by growth in Dotdash (Adjusted EBITDA: 69.4% YOY), Search (+173.4%), Inter-segment eliminations corrected (+61.0%) and Emerging & Others stood at $6.9 million (2Q20: -$2.6 million). This was partially offset by operating weakness at ANGI Inc., wherein the segment recorded Adjusted EBITDA loss of $4.4 million (2Q20: $57.9 million). Consequently, Adjusted EBITDA margin expanded to 3.2% (2Q20: 3.0%). Net earnings attributable to IAC shareholders jumped to $194.8 million (2Q20: loss of $96.1 million). Diluted earnings per share stood at $2.02 (2Q20: -$1.13). IAC/InterActiveCorp Price Performance Spin-Off Research On December 22, 2020, IAC announced that…
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IAC Keeps Growing After Vimeo Spinoff
