DDM Digital Revenue Growth
Digital revenue for Dotdash Meredith (DDM) grew 7% in the first quarter, with a 46% increase in EBITDA, excluding a one-time lease gain.
Share Repurchases and Authorization Increase
IAC repurchased 4.5 million shares and increased its share repurchase authorization by 10 million shares.
Angi Spin-Off Completion
IAC completed the full spin-off of Angi to shareholders, marking the 10th independent company created by IAC.
The Daily Beast Revenue Surge
The Daily Beast achieved a 72% increase in revenue while also reaching profitability.
Settlement in Match-Separation Litigation
IAC reached an agreement to settle the Match-separation litigation, with a minimal contribution of $200,000 beyond insurance coverage.