IAC Inc., together with its subsidiaries, operates as a media and internet company worldwide. The company publishes original and engaging digital content in the form of articles, illustrations, and videos and images across entertainment, food, home, beauty, travel, health, family, luxury, and fashion areas; and magazines related to women and lifestyle

• Strong Points- Print operating income increased $5.6 million to $7.6 million reflecting:- $8.7 million lower amortization of intangibles and $1.7 million lower depreciation.

• Adjusted EBITDA decreasing 24% to $14.6 million due to revenue declines, partially offset by lower operating expenses

• Dotdash Meredith Digital revenue increased 16% to $246 million, the third consecutive quarter of double-digit growth, while Print revenue declined 6% to $199 million.

• Total operating income of $22 million increased $26 million and Adjusted EBITDA increased 1% to $69 million, reflecting 28% Digital Adjusted EBITDA growth, offset by an $8 million benefit from the reversal of pre-acquisition indemnification liabilities in Q3 2023 related to the Meredith acquisition.

• Angi Inc. Operating income increased $16 million to $8 million and Adjusted EBITDA increased 27% to $35 million.

• Emerging & Other Q3 2024 operating income of $13 million increased $13 million due to the inclusion in Q3 2023 of a $9 million goodwill impairment at Mosaic Group and Adjusted EBITDA increasing 23% to $16 million driven largely by profits at The Daily Beast and Vivian Health compared to losses in Q3 2023.

Acrobull UK Recommendation Based on Evaluation