IAC INC. Item 7.01 Regulation FD Disclosure.
OnJanuary 11, 2023 , the Registrant announced that it had posted preliminary monthly year-over-year growth trends for its various financial reporting segments throughDecember 31, 2022 on the investor relations section of its website (https://ir.iac.com/quarterly-results). These trends, together with related commentary, are set forth immediately below. The Registrant will provide further commentary on these trends when it reports earnings for the quarter endedDecember 31, 2022 inFebruary 2023 . Following the release of these trends, the Registrant will no longer release monthly year-over-year growth trends and will instead return to releasing this information on a quarterly basis, commencing with the quarter endingMarch 31, 2023 . 6/22 7/22 8/22 9/22 10/22 11/22 12/22(1) Dotdash Meredith Digital Revenue 207 % 243 % 236 % 238 % 251 % 212 % -18 % Print Revenue NM NM NM NM NM NM -39 % Total Revenue 504 % 575 % 677 % 599 % 580 % 532 % -28 % Pro Forma Digital Revenue -18 % -12 % -11 % -15 % -8 % -16 % -18 % Pro Forma Print Revenue -36 % -27 % -17 % -29 % -34 % -35 % -39 % Total Pro Forma Revenue (2) -28 % -20 % -15 % -23 % -23 % -27 % -28 % Angi Inc. Angi Ads and Leads 11 % 7 % 6 % 6 % 7 % 4 % 6 % Angi Services (3) 103 % 18 % 14 % 5 % 12 % 7 % 9 % Total North America Revenue 29 % 10 % 8 % 6 % 9 % 5 % 7 % Europe Revenue -1 % 6 % 3 % -2 % -6 % 3 % -2 % Total Revenue 27 % 10 % 8 % 6 % 8 % 5 % 6 % Angi Service Requests -8 % -9 % -8 % -16 % -13 % -14 % -10 % Angi Monetized Transactions -5 % -8 % -8 % -15 % -13 % -16 % -15 % Angi Transacting Service Professionals -2 % -3 % -6 % -10 % -11 % -13 % -14 % Angi Advertising Service Professionals -8 % -7 % -6 % -5 % -4 % -4 % -4 % Search Ask Media Group Revenue 9 % -6 % -29 % -48 % -57 % -36 % -45 % Desktop Revenue -30 % -34 % -41 % -38 % -40 % -37 % -35 % Total Revenue 2 % -11 % -31 % -46 % -55 % -36 % -43 % Emerging & Other (4) Total Revenue 3 % 7 % 16 % -2 % -2 % 15 % -47 %
(1) As of the date of this report, the Registrant has not yet completed its
financial close process for the quarter ended
the information set forth above is preliminary and based upon information
available to the Registrant as of the date of this report. During the course
of the Registrant's financial close process for the quarter ended December
31, 2022, it may identify items that would require adjustments to the
information set forth above, which may impact growth rates and may be
material to the information set forth above.
(2) Pro Forma reflects the inclusion of Meredith revenue for all periods prior to
the Meredith acquisition on
advertising revenue has been presented on a net basis to conform to the
Registrant's accounting policies.
(3) Includes revenue from Angi Roofing, which was acquired on
(4)
projects recognized during the month.
2© Edgar Online, source
