IAC beats quarterly revenue estimate on digital media strength
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IAC surpassed analysts' revenue estimates for the fourth quarter, driven by strong performance in its digital media segment. This positive result led to a more than 3% increase in IAC's share price during extended trading.
February 12, 2025 | 11:00 am
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IAC exceeded fourth-quarter revenue expectations due to robust growth in its digital media business, resulting in a share price increase of over 3% in after-hours trading.
The company's strong performance in its largest business segment, digital media, led to a revenue beat, which is a positive indicator for investors. The immediate market reaction was a 3%+ increase in share price, reflecting investor confidence in the company's growth prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100