IAC reported its Q3 2024 earnings, revealing a revenue of $938.72 million, surpassing analysts' expectations of $922.21 million. However, the company recorded a significant loss with an earnings per share (EPS) of -$2.93, compared to a forecast of -$0.22. Notably, IAC's subsidiary, The Daily Beast, turned a profit for the first time, with its revenue rising 81% year-over-year. In contrast, Hertz Global Holdings faced a challenging quarter, reporting a revenue of $2.58 billion, below the anticipated $2.70 billion. The company experienced a GAAP net loss of $1.3 billion, which included a non-cash asset impairment charge of $1 billion. This resulted in a negative margin of 52%, equating to a loss of $4.34 per diluted share. Hertz's adjusted net loss was $208 million, or $0.68 per diluted share, reflecting ongoing difficulties linked to its prior investments in electric vehicles.