IAC reports Q4 EPS (99c) vs ($2.42) last year

Reports Q4 revenue $646M, consensus $641.01M. “The fourth quarter capped a year of disciplined execution and solid performance across IAC (IAC). People Inc. drove the fastest digital revenue growth we’ve seen in over a year, even amidst AI-driven disruption,” said Barry Diller, Chairman and Senior Executive, IAC. “We’re doing what we set out to do-over the past year we deployed $337 million back into our Company and increased our ownership in MGM, a business that we believe will never be disintermediated. And we’ll continue to execute our plan to simplify IAC, enhance our cash position, and allocate capital thoughtfully and opportunistically, as we have for over 30 years.”