NASDAQ$IAC
IAC Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Released first quarter results with revenue of $1.1 billion.
IAC's first quarter results revealed revenue of $1.1 billion. Free cash flow increased by $20.9 million to $3.3 million due to higher Adjusted EBITDA and lower capital expenditures. Between February 14, 2023 and May 5, 2023, IAC repurchased 3.1 million common shares for an aggregate of $158 million.
- Q1 revenue was $1.1 billion.
- Free cash flow increased $20.9 million to $3.3 million.
- Net cash provided by operating activities was $25.2 million, a $12.3 million increase year-over-year.
- Between February 14, 2023 and May 5, 2023, IAC repurchased 3.1 million common shares for an aggregate of $158 million.
Headline financials
Revenue & EPS history
IAC · Revenue · Quarterly
$1.08B
Revenue by segment
IAC · $282M total across 3 segments · Q3 2022
- Search$167M—59.2%
- Care.com$76.3M—27.0%
- Emerging & Other$39M—13.8%
Forward guidance
The conference call on May 10, 2023, will include the disclosure of certain information, including forward-looking information, which may be material to an investor’s understanding of IAC’s and Angi Inc.’s businesses.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.5%
Avg return
Earnings day
+1.2%
Avg return
5 days after
+1.1%
Avg return
30 days after
58%
37 / 64 earnings
Positive
+17.0%
Q2 2018
Best reaction
-16.8%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -7.2% | -2.4% | -6.4% | |
| Q4 2025 | +2.9% | -0.8% | +2.9% | |
| Q3 2025 | -1.7% | +2.1% | +11.1% | |
| Q1 2025 | -3.6% | +4.7% | +2.6% | |
| Q4 2024 | +5.8% | +14.7% | +8.7% | |
| Q3 2024 | -9.9% | -12.2% | -13.5% | |
| Q2 2024 | +7.7% | +9.9% | +14.4% | |
| Q1 2024 | -1.2% | -1.2% | -10.2% | |
| Q4 2023 | +9.0% | +11.4% | +0.1% | |
| Q3 2023 | +1.3% | +2.5% | +8.4% | |
| Q2 2023 | -16.8% | -13.0% | -20.0% | |
| Q1 2023 | +10.9% | +6.8% | +8.2% | |
| Q4 2022 | +3.6% | +1.0% | -2.4% | |
| Q3 2022 | -4.5% | +10.0% | +2.3% | |
| Q2 2022 | -5.9% | -2.6% | -17.6% | |
| Q1 2022 | +2.5% | +5.6% | +14.5% | |
| Q4 2021 | -8.2% | -16.8% | -21.4% | |
| Q3 2021 | -5.3% | -8.1% | -17.1% | |
| Q2 2021 | -0.9% | -2.8% | -2.0% | |
| Q1 2021 | +3.7% | +1.9% | -1.1% | |
| Q4 2020 | +1.2% | +7.9% | +1.0% | |
| Q3 2020 | +6.6% | +1.7% | +11.0% | |
| Q2 2020 | -9.1% | -7.2% | -5.3% | |
| Q1 2020 | +3.5% | +4.8% | +24.3% | |
| Q4 2019 | -3.8% | -7.0% | -22.0% | |
| Q3 2019 | -0.6% | -0.8% | -2.7% | |
| Q2 2019 | +10.1% | +5.1% | +5.0% | |
| Q1 2019 | +2.6% | +0.1% | +1.1% | |
| Q4 2018 | +4.4% | +7.6% | +0.5% | |
| Q3 2018 | -5.5% | -8.7% | -9.1% | |
| Q2 2018 | +17.0% | +22.6% | +29.1% | |
| Q1 2018 | +3.3% | +4.2% | +14.0% | |
| Q4 2017 | -5.1% | -1.1% | +13.3% | |
| Q3 2017 | -2.9% | -3.9% | -3.7% | |
| Q2 2017 | +7.0% | +1.4% | +8.0% | |
| Q1 2017 | +1.6% | +4.5% | +12.1% | |
| Q4 2016 | +5.9% | +9.4% | +7.4% | |
| Q3 2016 | +0.8% | +0.1% | +1.0% | |
| Q2 2016 | -4.9% | -2.8% | -5.4% | |
| Q1 2016 | +12.2% | — | — | |
| Q4 2015 | +3.0% | — | — | |
| Q3 2015 | -0.6% | — | — | |
| Q2 2015 | -1.2% | — | — | |
| Q1 2015 | +2.7% | — | — | |
| Q4 2014 | +1.9% | — | — | |
| Q3 2014 | +0.1% | — | — | |
| Q2 2014 | -5.2% | — | — | |
| Q1 2014 | +0.4% | — | — | |
| Q4 2013 | +2.5% | — | — | |
| Q3 2013 | +3.5% | — | — | |
| Q2 2013 | +1.0% | — | — | |
| Q1 2013 | -0.9% | — | — | |
| Q4 2012 | +0.5% | — | — | |
| Q3 2012 | -0.3% | — | — | |
| Q2 2012 | +1.2% | — | — | |
| Q1 2012 | -0.3% | — | — | |
| Q4 2011 | +3.2% | — | — | |
| Q3 2011 | -3.7% | — | — | |
| Q2 2011 | -6.0% | — | — | |
| Q1 2011 | -0.2% | — | — | |
| Q4 2010 | +0.4% | — | — | |
| Q3 2010 | +0.2% | — | — | |
| Q2 2010 | +0.9% | — | — | |
| Q1 2010 | +0.2% | — | — |
Discussion
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