Q2 2022 HIGHLIGHTS
- Dotdash Meredith revenue increased 568% year-over-year to $490 million, benefitting from the Meredith acquisition.
o Digital revenue was $235 million and Print revenue was $260 million.
o Operating loss of $28 million and Adjusted EBITDA of $39 million in Q2 2022 reflect $15 million of restructuring charges and transaction-related items associated with the acquisition of Meredith.
- Angi Inc. revenue increased 23% year-over-year to $516 million, the 7th consecutive quarter of double-digit growth and highest quarterly growth since 2018.
o Angi Ads and Leads revenue increased 5% year-over-year, the first quarter of growth since Q2 2021.
o Angi Services revenue was $151 million, increasing 107% year-over-year, and trailing twelve months Angi
Services revenue was $494 million, up 120% period-over-period.
o Monetized Transactions were 4.7 million and Transacting Service Professionals were 220,000.
o Operating loss improved to $21 million (compared to a loss of $33 million in Q2 2021) and Adjusted EBITDA improved to a profit of $10 million (compared to a loss of $4 million in Q2 2021).
- Emerging & Other revenue increased 6% year-over-year to $161 million reflecting 10% growth from Care.com and 68% growth from Bluecrew and Vivian Health on a combined basis. Operating loss of $108 million reflects an $87 million goodwill impairment at Mosaic Group and a $10 million charge related to the sale of certain employee-held equity interests in connection with the Vivian Health equity raise in April 2022 (the latter also impacted Adjusted EBITDA).
- IAC repurchased 735,000 shares at an average price of $80.38 in Q2 2022.
details at: https://ir.iac.com/static-files/2dbacf62-392b-4a45-b1ac-76105672cdbd