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48.62
1.08%
+0.52
After Hours:
48.62
Why is IAC Inc (IAC) Stock down?
We've noticed a 7.32% decline in IAC Inc (IAC) stock during the 2024-03-04 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
09 Aug, 2023:
IAC's shares fell 16.32% on disappointing Q2 earnings. Dotdash Meredith's revenue dropped 15% to $414 million, Angi's fell 16% to $375 million (pro forma), and search revenue declined 11% to $177 million. Adjusted EBITDA improved to $70.2 million from $37.4 million due to cost-cutting, but the loss per share was $1.07, worse than the expected $0.82 loss. Challenges in digital advertising and housing market are pushing IAC to emphasize profit margins and stock buybacks.
https://www.fool.com/investing/2023/08/09/why-iacinteractive-stock-was-falling-today/
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