IAC (NASDAQ:IAC) Full Year 2023 Results

Key Financial Results

• Revenue: US$4.37b (down 17% from FY 2022).
• Net income: US$256.7m (up from US$1.17b loss in FY 2022).
• Profit margin: 5.9% (up from net loss in FY 2022).
• EPS: US$3.07 (up from US$13.58 loss in FY 2022).

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

IAC EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Interactive Media and Services industry in the US.

Performance of the American Interactive Media and Services industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Be aware that IAC is showing 2 warning signs in our investment analysis and 1 of those is potentially serious...

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