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IAC/InteractiveCorp. (IAC)
NASDAQ:IAC
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.16Last Year’s EPS
3.7Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2020
|% Change Since: -22.70%
|Next Earnings Date:Aug 10, 2020
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. On one hand, there are strong highlights such as the potential Angi spin-off, impressive growth in digital advertising revenues, and significant improvements in customer experience metrics. On the other hand, there are notable challenges including declining revenue at Angi due to strategic shifts, a digital ad slowdown in October, and potential impacts of regulatory changes. Despite these challenges, the company's strategic focus and financial stability offer a positive outlook.Company Guidance
In the third quarter of fiscal year 2024, IAC and Angi provided guidance on various performance metrics during their earnings call. They highlighted a strong performance with Dotdash Meredith's digital revenue growing by 16%, driven by a 26% increase in digital advertising revenues. The company also noted significant improvements in Angi's business, with an emphasis on customer experience enhancements leading to a 30% increase in the jobs done well rate and a nearly 60% rise in homeowner NPS over the past year. Looking ahead, Angi expects a stable profit trajectory for 2025, despite anticipated revenue impacts from regulatory changes. Additionally, IAC's potential spin-off of Angi is aimed at creating a more focused company with a standalone strategy, supported by improved profitability and cash flow. The company also discussed leveraging AI technologies to enhance product offerings and maintain a competitive edge in digital advertising, while actively exploring capital allocation strategies amidst a challenging M&A environment.Angi Spin-Off Contemplation
IAC is exploring a spin-off of Angi, citing improved profits, cash flow, and consumer experience as key factors. This would allow Angi to operate independently with a standalone strategy.
Impressive Digital Revenue Growth
Dotdash Meredith digital advertising revenues grew by 26%, with overall sessions turning positive for the first time in a while. Programmatic rates increased by 30% plus in the quarter.
Customer Experience Focus at Angi
Angi's jobs done well rate grew by 30%, homeowner NPS increased by almost 60%, and pro-retention rose materially each quarter, showing a strong focus on customer satisfaction.
Successful Licensing Deals
IAC's licensing revenue, including the deal with OpenAI, contributed significantly, with licensing revenue growing by $4.1 million year-over-year.
Positive Financial Trajectory at Angi
Despite revenue declines, Angi has been able to deliver profit growth in 2023 and expects to hold profit in 2025, while returning to revenue growth by 2026.
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IAC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IAC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | $55.10 | $48.18 | -12.56% |
| Aug 06, 2024 | $45.60 | $48.57 | +6.51% |
| May 07, 2024 | $56.35 | $55.07 | -2.27% |
| Feb 13, 2024 | $51.18 | $54.04 | +5.59% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does IAC/InteractiveCorp. (IAC) report earnings?
IAC/InteractiveCorp. (IAC) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is IAC/InteractiveCorp. (IAC) earnings time?
IAC/InteractiveCorp. (IAC) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IAC EPS forecast?
IAC EPS forecast for the fiscal quarter 2024 (Q4) is 0.16.
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