IAC Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

IAC (NASDAQ:IAC) Full Year 2024 Results

Key Financial Results

• Revenue: US$3.81b (down 13% from FY 2023).
• Net loss: US$539.9m (down by 310% from US$256.7m profit in FY 2023).
• US$6.49 loss per share (down from US$3.07 profit in FY 2023).

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

IAC Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 69%.

Looking ahead, revenue is forecast to grow 1.4% 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 up 1.6% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on IAC's balance sheet.

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