Successful Turnaround for Angi and Dotdash
IAC successfully turned around its two main troubled businesses, Angi and Dotdash, over the past two years. Angi's EBITDA improved from $35 million after a significant decline, and Dotdash saw traffic growth, reversing previous declines.
Strong Cash Flow Performance
IAC reported a nearly $250 million increase in cash flow year-on-year to almost $300 million for its businesses, indicating strong financial performance.
Dotdash Digital Revenue Growth
Dotdash achieved 10% digital revenue growth, driven by 3% Core Sessions growth, 3% digital advertising growth, and 22% growth in performance marketing.
Angi's Competitive Positioning with Homeowner Choice
Angi implemented consumer choice consistent with FCC orders, improving customer experience as homeowners now choose the pro 60% more often when auto-matched.