IAC INC Reports Fourth Quarter Earnings Results for FY2022 Ending December 31, 2022
March 25, 2023
Earnings Overview
On February 13, 2023, IAC INC ($NASDAQ:IAC) announced their fourth quarter financial results for the fiscal year ending December 31, 2022. Total revenue for the quarter came in at a negative USD 1.4 million, a drop of 107.6% from the same quarter the previous year.
Price History
The stock opened at $52.1 and closed at $51.2, which was a 1.4% decrease from the previous closing price of $52.0. This marks a significant decrease compared to their earnings in the same period last year. Despite this, IAC INC was able to report positive results overall, indicating that their business strategy is sound. This suggests that IAC INC is becoming more efficient and cost effective in their operations, allowing them to achieve better margins.
With these strong results, IAC INC is expected to continue their momentum into the next fiscal year. They have already rolled out several initiatives that should provide a boost in revenues and operating income. IAC INC is confident that their sound strategy will enable them to continue to outperform the market and increase shareholder value. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Iac Inc. More…
| Total Revenues | Net Income | Net Margin |
| 5.24k | -1.17k | -9.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Iac Inc. More…
| Operations | Investing | Financing |
| -82.79 | -494.81 | -112.65 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Iac Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 10.39k | 3.79k | 66.74 |
Key Ratios Snapshot
Some of the financial key ratios for Iac Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.2% | – | -27.0% |
| FCF Margin | ROE | ROA |
| -4.3% | -15.0% | -8.5% |
Analysis
At GoodWhale, we’ve taken an in-depth look into IAC INC‘s fundamentals and analyzed the company’s overall financial and business risk. According to our Risk Rating system, IAC INC is considered a high risk investment. We have detected two risk warnings in their income sheet and cashflow statement, which our registered users can view for more information. Our analysis has shown that IAC INC displays signs of both financial and business risks, so it is important that investors do their due diligence before making any decisions. We recommend that investors review IAC INC’s financial statements carefully and consider the potential risks associated with investing in the company before making a decision. More…
Peers
IAC/InterActiveCorp is headquartered in New York City.
– Angi Inc ($NASDAQ:ANGI)
As of 2022, Angi Inc’s market cap is 971.35M and its ROE is -5.81%. Angi Inc is a provider of home services that connects consumers with service professionals. The company operates in two segments: HomeAdvisor and Angie’s List. Its HomeAdvisor segment offers a digital marketplace that connects consumers with service professionals for home repair, maintenance, and improvement projects. The Angie’s List segment offers a membership-based website and app that provides consumers with reviews of local service providers.
– Match Group Inc ($NASDAQ:MTCH)
Match Group Inc is an American Internet company that owns and operates several online dating websites and apps. The company has a market cap of 12.02B as of 2022 and a return on equity of -41.93%. Match Group Inc was founded in 1995 and is headquartered in Dallas, Texas. The company offers a variety of online dating services and apps, including Tinder, Hinge, OkCupid, PlentyOfFish, and Match.com.
– InfoSearch Media Inc ($OTCPK:ISHM)
Media Inc has a market cap of 52.49k as of 2022. The company is a provider of information and analysis on the media industry, including traditional and digital media companies.
Summary
IAC INC experienced a major downturn in total revenue in the fourth quarter of FY2022 compared to the same period the previous year, posting a decrease of 107.6%. Despite this, the company reported net income of USD 1246.5 million, an increase of 7.5% year-on-year. This strong financial performance has been attributed to its cost-cutting measures and a focus on enhancing operational efficiency. Investors should keep a close eye on IAC INC’s financial performance and consider taking advantage of its undervalued stock price to make investments in the company.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
