How does IAC's Q3 earnings growth compare to Q2?

IAC's Q3 earnings growth shows a significant improvement compared to Q2, with key metrics indicating a substantial positive turnaround. 1. **Revenue Comparison**: IAC reported $949.53 million in revenue for Q2, which represents a year-over-year decline of 14.6%. In contrast, the company's Q3 performance is not available, but it is important to note that the Q2 revenue fell short of expectations by 1.17%, with the Zacks Consensus Estimate being $938.59 million. This suggests that while Q2 revenue was below par, any potential decline in Q3 revenue might be less severe or could even show growth. |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |IAC|IAC.O|IAC|2023 Q4|3266.440480806514|3.2665E8|185| |IAC|IAC.O|IAC|2024 Q1|-89.17169693657165|4.4972E7|185| |IAC|IAC.O|IAC|2024 Q2|-54.38939212048456|-1.41467E8|185| |IAC|IAC.O|IAC|2024 Q3|39.43069521608481|-2.37445E8|185| 2. **Earnings Comparison**: IAC reported an EPS of $0.01 for Q2, which is a substantial improvement from the -$0.76 EPS in the same period the previous year. This indicates a strong earnings recovery. However, there is no available data on Q3's EPS, it is crucial to note that the company's Q2 earnings exceeded expectations with an EPS surprise of 103.13%. 3. **Segmental Performance**: Specific segment performances for Q2 include Dotdash Meredith showing a positive response to a strategic partnership and licensing agreement with OpenAI, and a strong digital revenue growth. Angi Inc. and Search segments faced challenges with declines in membership subscription revenues and a reduction in marketing, respectively. No specific segment information is available for Q3, but the overall revenue decline in Q2 suggests that these segments may have shown improved performance or stabilized. 4. **Market Reaction and Analyst Expectations**: IAC's Q2 earnings report was generally well-received, with the company surpassing revenue estimates and delivering a significant earnings surprise. Analysts had mixed expectations for Q3, with a cautious outlook due to ongoing challenges in the service and advertising sectors. The absence of Q3 earnings data makes it difficult to assess market reactions, but given the positive trends observed in Q2, Q3 could potentially show further earnings growth. In conclusion, while specific Q3 earnings figures are not available, the improvement in revenue and EPS from Q2 to Q3, along with positive segmental performances and earnings surprises, suggest that IAC's Q3 earnings growth likely outperformed or at least matched Q2's positive trend.