IAC/InteractiveCorp. ( (IAC) ) has released its Q2 earnings. Here is a breakdown of the information IAC/InteractiveCorp. presented to its investors.
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IAC/InteractiveCorp, a diverse holding company, is known for building and managing a wide array of businesses, including digital media and services, with notable holdings in People Inc. and Care.com, and strategic investments in companies like MGM Resorts International.
In its second quarter of 2025, IAC reported a notable improvement in operating income and adjusted EBITDA, alongside a strategic rebranding of Dotdash Meredith to People Inc., which saw a 9% growth in digital revenue. The company also highlighted its strong financial position with a significant unrealized gain on its investment in MGM Resorts International.
Key financial metrics for IAC in Q2 2025 include a revenue of $586.9 million, a slight decrease from the previous year, but with a marked improvement in operating income to $0.6 million from a loss of $21.5 million in Q2 2024. Adjusted EBITDA grew by 15% to $51.4 million. People Inc. showed a 1% increase in revenue, driven by a 9% growth in digital revenue, while Care.com experienced a 6% decline in revenue. The company also successfully refinanced its debt, extending maturities to 2030 and 2032.
Looking forward, IAC remains optimistic about its growth prospects, with a full-year 2025 operating income guidance of $82-$140 million and adjusted EBITDA guidance of $247-$285 million. The management emphasizes its commitment to optimizing assets and unlocking shareholder value through strategic investments and capital allocation.