IAC reports Q1 EPS ($2.64) vs. 51c last year

Reports Reports Q1 revenue $570.5M vs. $624.3M last year. “It was a strong quarter and we are back to what we do best: allocating capital and seizing opportunities for value creation,” said Barry Diller, Chairman and Senior Executive of IAC (IAC). “We completed the spin-off of Angi, repurchased 5% of the company, and are optimistic about the possibilities for deploying capital, both within our businesses and finding fertile new ground. DDM, our largest business and the largest publisher in the country, continues to grow digital revenue and profit, even amidst the uncertain landscape. DDM’s sheer scale, loyal audiences, beloved brands like PEOPLE and advertising performance continue to differentiate it from the industry and underscore its growth potential.”