Aug 6, 09:25 PM

IAC's Core Profit Rises 24% in Q2, Boosted by Dotdash Meredith's Ad Revenue Growth

IAC's core profit increased by 24% in the second quarter, driven by a rise in advertising and licensing revenues from its unit, Dotdash Meredith. Dotdash Meredith recorded its second consecutive quarter of double-digit advertising growth, largely due to the success of its cookieless targeting tool, D/Cipher. Despite a 15% year-over-year decline in IAC's overall revenue to $949.5 million, Dotdash Meredith's revenue grew by 3% year-over-year to $425.2 million, with a 16% increase in advertising revenue.

#Dotdash Meredith #IAC

Written with ChatGPT (GPT-4o).

Sources

TechNewsWorld@technewsworld
2 years ago
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Mediagazer@mediagazer
2 years ago
IAC reports Q2 revenue down 15% YoY to $949.5M and profit up 24% YoY to $87.3M; Dotdash Meredith reports revenue up 3% YoY to $425.2M and ad revenue up 16% YoY (Juby Babu / Reuters) https://t.co/migpFdzS0w https://t.co/a0j66cN7xJ
ADWEEK@Adweek
2 years ago
Dotdash Meredith, an IAC company, notched its second consecutive quarter of double-digit advertising growth, largely due to the continued performance of its cookieless targeting tool called D/Cipher. https://t.co/oUM9lxQGCb

IAC's Core Profit Rises 24% in Q2, Boosted by Dotdash Meredith's Ad Revenue Growth

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