IAC reports Q3 EPS ($2.93) vs. ($4.72) last year

Reports Q3 revenue $938.7M vs. $1.11B last year. Dotdash Meredith Digital revenue increased 16% to $246 million, the third consecutive quarter of double-digit growth, while Print revenue declined 6% to $199 million. Total operating income of $22 million increased $26 million and adjusted EBITDA increased 1% to $69 million, reflecting 28% Digital Adjusted EBITDA growth, offset by an $8 million benefit from the reversal of pre-acquisition indemnification liabilities in Q3 2023 related to the Meredith acquisition.