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IAC/InteractiveCorp. ( (IAC) ) has provided an update.
IAC reported a notable improvement in its Q3 2024 financial performance, with operating income rising to $16 million and an adjusted EBITDA increase of 7% to $107 million. Highlights include a 16% growth in Dotdash Meredith’s digital revenue and a 27% boost in Angi Inc.’s adjusted EBITDA. IAC also announced a potential spin-off of Angi and reported its stake in MGM Resorts’ value at $2.4 billion, reflecting market volatility. Despite a 16% revenue decline, the company showed resilience through strategic financial maneuvers.
For detailed information about IAC stock, go to TipRanks’ Stock Analysis page.