Digital media conglomerate IAC (NASDAQGS:IAC) will be reporting earnings this Monday after market hours. Here’s what investors should know.
IAC missed analysts’ revenue expectations by 29.5% last quarter, reporting revenues of $570.5 million, down 8.6% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ EPS estimates.
Is IAC a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting IAC’s revenue to decline 5.2% year on year to $601.5 million, improving from the 13.9% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.04 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at IAC’s peers in the media & entertainment segment, some have already reported their Q2 results, giving us a hint as to what we can expect. IMAX delivered year-on-year revenue growth of 3.1%, beating analysts’ expectations by 1%, and Interpublic Group reported a revenue decline of 6.6%, in line with consensus estimates. IMAX traded down 7.5% following the results while Interpublic Group was up 10.6%.
Read our full analysis of IMAX’s results here and Interpublic Group’s results here.
Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the media & entertainment stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.4% on average over the last month. IAC is up 1.8% during the same time and is heading into earnings with an average analyst price target of $51 (compared to the current share price of $38.83).
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