Iac Inc. · NASDAQ:IAC
Iac — Q1 2025 Earnings Presentation
11 slides from Iac's earnings presentation, May 6, 2025
Slide 1: Q1 2025 Earnings Call Presentation
Q1 2025 Earnings Call Presentation May 2025
Slide 2: Non-GAAP Financial Measures and Forward-Looking Statements
NON-GAAP FINANCIAL MEASURES This presentation contains references to certain non-GAAP measures. Adjusted EBITDA (Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization) is defined as operating income excluding: (1) stock-based compensation expense; (2) depreciation; and (3) acquisit
Slide 3: IAC Today: Four Leaders in Large & Growing Consumer Categories
IAC Today: Four Leaders in Large & Growing Consumer Categories Publishing Global Entertainment Holistic Family Care Car Sharing S&P 500® global gaming & #1 digital #1 digital marketplace #1 digital & print entertainment leader marketplace for peer-to-peer car sharing publisher in America for care in
Slide 4: We Are Trading at a Substantial Discount
We Are Trading at a Substantial Discount $1B Digital Revenue $366M of Revenue $309M of Adj. EBITDA4 $43M of Adj. EBITDA4 $1.2B Net Debt 4.0x Leverage5 Today’s Market Value IAC Share Price $35.31 Shares Outstanding¹ (M): 80.8 Equity Value $2.9B Less: MGM Stake (@ $31.97/sh)2 ($2.1)B ~$600M of Less: I
Slide 5: Our Game Plan
Our Game Plan Business Execution Capital Allocation Catalysts Capital Return M&A Angi spin-off completed; 4.5%/$200M IAC’s 10th fully Strategic add-ons repurchase independent company Build new New 10M share platforms Management changes at authorization IAC, Care & Daily Beast Opportunistic Divestitu
Slide 6: Back to Building in 2025: Our M&A Philosophy
Back to Building in 2025: Our M&A Philosophy Our DNA Our Core Interests Our Advantages Barry Diller-led culture of curiosity, creativity Leisure Flexible, permanent capital & ambition Deep, seasoned leadership bench Entertainment & Media Forever mentality Track record of scaling digital consumer Tra
Slide 7: 2025 Guidance
2025 Guidance Additional Q2/FY 2025 Observations ($ in M) FY 2025 Outlook1 Adjusted EBITDA ▪ DDM – In Q2 we expect Digital revenue growth of 7%-9% and total Adjusted EBITDA between $67- DDM2 $330-$350 $73M. For the full year, we expect Digital revenue Care.com 45-55 growth between 7%-10% given the c
Slide 8: Appendix
Appendix 8
Slide 9: GAAP to Non-GAAP Reconciliation: DDM
GAAP to Non-GAAP Reconciliation: DDM Twelve Months Ended March 31, 2025 ($ in M, rounding differences may occur) Digital Print Corporate Total Operating Income (Loss) $166 $38 ($32) $171 Stock -based compensation 10 2 12 24 Depreciation 14 6 7 27 Amortization of intangibles 105 18 - 124 Adjusted EBI
Slide 10: GAAP to Non-GAAP Reconciliation: Care
GAAP to Non-GAAP Reconciliation: Care ($ in M, rounding differences may occur) LTM Q1'25 Operating Income (Loss) $29 Stock -based compensation 4 Depreciation 5 Amortization of intangibles 5 Adjusted EBITDA $43 10
Slide 11: IAC Q2 2025 Outlook
IAC Q2 2025 Outlook Emerging ($ in M, rounding differences may occur) DDM Care.com Search & Other Operating income (loss) $30-$41 $0-$2 $4-$5 ($11-$6) Depreciation 5 1 - - Stock-based compensation expense 7 1 - 1 Amortization of intangibles 25-20 1 - - Adjusted EBITDA $67-$73 $3-$5 $4-$5 ($10-$5) 11