IAC (NASDAQ:IAC) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$949.5m (down 15% from 2Q 2023).

• Net loss: US$142.2m (loss widened by 83% from 2Q 2023).

• US$1.71 loss per share (further deteriorated from US$0.94 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

IAC EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in the US.

Performance of the American Interactive Media and Services industry.

The company's shares are down 8.0% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on IAC's balance sheet health.

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