People Inc. Digital Revenue Growth
People Inc. achieved 9% Digital revenue growth in Q2, accelerating from 7% in Q1 and at the high end of guidance.
BetMGM Performance
BetMGM reported a 36% net revenue growth in Q2 and increased full-year guidance to at least $2.7 billion of revenue and $150 million of EBITDA.
Care.com Product and Brand Revitalization
Care.com revitalized its product and brand, leading to promising signs across engagement metrics post-relaunch.
IAC Adjusted EBITDA Increase
Consolidated IAC adjusted EBITDA increased 15% in Q2, with guidance for the full year set between $247 million to $285 million.
Refinancing Achievement
Completed a $1.4 billion refinancing at People Inc. in June, replacing the original acquisition capital structure with new bank debt and bonds at attractive pricing and 5- to 7-year maturities.