IAC/InterActiveCorp (IACI) said that its second-quarter net loss attributable to shareholders was $17.996 million, compared to net income of $58.29 million in the year ago quarter. Loss per share was $0.22, compared to earnings per share $0.67 per share in the prior year.
Adjusted net income was $3.18 million down from $82.87 million in the year ago quarter. Adjusted earnings per share fell to $0.04 from $0.95 last year.
Net loss and adjusted net income in the latest-period reflected the $66.6 million after-tax effect of the write-downs of certain investments.
Revenue for the quarter dropped 5% to $756.3 million from last year's $799.4 million, as solid growth at The Match Group and HomeAdvisor and strong growth at Vimeo were more than offset by declines at Search & Applications, the closure and sale of Newsweek print and digital and the restructuring of CityGrid Media.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.81 per share and revenues of $796.63 million for the quarter. Analysts' estimates typically exclude special items.
IAC increased its quarterly cash dividend over 40% to $0.34 per share; the dividend is payable on September 1, 2014 to IAC stockholders of record as of the close of business on August 15, 2014.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.