On June 30 2023, IAC INC ($NASDAQ:IAC) reported their financial results for the second quarter of the 2023 fiscal year. The total revenue for Q2 was USD 1111.6 million, representing an 18.4% decrease from the same period in the prior year. The net income for Q2 was USD -89.0 million, compared to the reported loss of -869.1 million in the same period the year before.
On Tuesday, IAC INC reported their positive earnings results for the second quarter of fiscal year 2023. The stock opened at $66.1, but closed at $67.1, which was only 0.5% lower than the previous closing price of $67.4. This was an impressive result considering the volatility of the market over the past few months. These impressive figures show that the company is in good health and is well positioned to handle the uncertainties of the market.
The company also improved its cash flow, which will likely lead to further growth over time. Investors should feel confident in the company’s performance and future prospects going forward. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Iac Inc. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Iac Inc. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Iac Inc. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Iac Inc are shown below. More…
Income Statement Ratios
Balance Sheet Ratios
Cash Flow Ratios
Other Supplementary Items
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Analysis – Iac Inc Intrinsic Stock Value
GoodWhale has conducted a thorough analysis of IAC INC‘s fundamentals, and our proprietary Valuation Line has estimated that the fair value of an IAC INC share is around $92.6. Currently, however, IAC INC stock is being traded at a price of $67.1 – a discount of 27.5% from its fair value. This presents investors with a great opportunity to purchase IAC INC shares at an attractive price. More…
Risk Rating Analysis
Star Chart Analysis
IAC/InterActiveCorp is headquartered in New York City.
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IAC Inc, a media and internet company, reported second quarter fiscal year 2023 earnings on June 30th, 2023. This decrease in net income is likely a result of the current pandemic-related economic downturn. For investors, this may be concerning, as the company’s profit margins are narrowing.
Nevertheless, the company still holds a strong competitive position in its industry and may be able to turn things around in the coming quarters. It will be important to keep an eye on IAC Inc’s quarterly performance for any signs of improvement.