People Inc. Achieves 9% Digital Revenue Growth
People Inc., formerly Dotdash Meredith, achieved a 9% digital revenue growth, accelerating from 7% in Q1, which is at the high end of their guidance.
BetMGM's Strong Performance
BetMGM reported a 36% net revenue growth in Q2 and increased its full-year revenue guidance to at least $2.7 billion, with an anticipated EBITDA of at least $150 million.
Successful Refinancing at People Inc.
Completed a $1.4 billion refinancing in June, replacing the original acquisition capital structure with new bank debt and bonds at attractive pricing and 5- to 7-year maturities.
Adjusted EBITDA Increase
IAC's adjusted EBITDA increased by 15% in the quarter, with guidance for $247 million to $285 million in EBITDA for the full year.
Care.com's Promising Signs of Engagement
Care.com has seen stability and growth in core consumer metrics like direct navigation visits, sign-ups, and subscriptions for the first time since 2022.