IAC Inc. (IAC) Declines 13% on Missed Revenue Expectations

We recently published 10 Big Names Bleed Double Digits. IAC Inc. (NASDAQ:IAC) is one of the worst-performing stocks on Tuesday.

IAC saw its share prices decline by 13.01 percent on Tuesday to close at $34.38 apiece as investors sold off positions following a mixed earnings performance and revenue miss in the second quarter of the year.

In an updated report, IAC Inc. (NASDAQ:IAC) said revenues in the second quarter declined by 7 percent to $586.9 million from $634.4 million in the same period last year. The figure was lower by 2.4 percent than the $601.35 million expected by analysts.

Meanwhile, the company swung to a net income attributable to shareholders of $211 million from a $142 million net loss in the same period last year.

In the first half, revenues decreased by 7.9 percent to $1.16 billion from $1.26 billion in the same comparable period, while net loss attributable to shareholders narrowed by 94 percent to $5.35 million from $97.2 million.

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For full-year 2025, IAC Inc. (NASDAQ:IAC) targets to hit adjusted EBITDA of $247 million to $285 million, and total operating income of $82 million to $140 million.