IAC/InteractiveCorp. ( (IAC) ) has shared an announcement.
IAC announced its Q4 2024 financial results, revealing a 6% decline in total revenue compared to Q4 2023, alongside a notable operating income of $51 million. The company’s board approved the spinoff of Angi Inc., expected in the first half of 2025, and CEO Joey Levin will transition to an advisory role post-spin-off. Dotdash Meredith reported a 10% increase in digital revenue, contributing to IAC’s over $1 billion annual digital revenue, while Angi Inc. and Care.com showed varied financial performances. The company also extended a key service agreement with Google and reported increased financial flexibility due to a reduced leverage ratio.
More about IAC/InteractiveCorp.
IAC/InteractiveCorp operates in the digital media and internet services industry, offering a diverse portfolio of companies with focuses ranging from digital publishing to home services and online marketplaces.
YTD Price Performance: -2.91%
Average Trading Volume: 719,266
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.59B
Find detailed analytics on IAC stock on TipRanks’ Stock Analysis page.