How did IAC's Q4 earnings surprise impact its annual performance?

IAC's Q4 earnings surprise had a significant impact on its annual performance, reflecting the company's challenging financial period. 1. **Q4 Earnings Surprise Overview**: - IAC reported an EPS surprise of -$2.55 for Q4 2024, indicating a substantial negative earnings surprise. - The revenue surprise for Q4 2024 was $52.64 million, which is positive but significantly lower than the negative EPS surprise. |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |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| |IAC|IAC.O|IAC|2024 Q4|-161.04086943211388|-1.9939E8|185| |code|Ticker|Name|Date|Revenue Surprise|Revenue Surprise YoY|market_code| |---|---|---|---|---|---|---| |IAC|IAC.O|IAC|2024 Q1|-4780000|-133.4265734265734|185| |IAC|IAC.O|IAC|2024 Q2|6730000|184.125|185| |IAC|IAC.O|IAC|2024 Q3|1.608E7|1508|185| |IAC|IAC.O|IAC|2024 Q4|5.264E7|2732|185| 2. **Annual Net Income Impact**: - IAC's annual net income for 2024 was -$533.33 million, which is largely attributed to the Q4 performance. - The negative EPS surprise in Q4 suggests that the company's overall net income for the year was heavily influenced by the significant losses incurred in that quarter. 3. **Annual Revenue Impact**: - IAC's annual total revenue for 2024 was $3.81 billion. - While the revenue surprise for Q4 was positive, the annual revenue figure does not fully reflect the impact of the Q4 earnings surprise on the overall financial performance of the company. |code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code| |---|---|---|---|---|---|---| |IAC|IAC.O|IAC|2024 Q1|-14.257597962133083|9.2968E8|185| |IAC|IAC.O|IAC|2024 Q2|-14.579309439010283|9.49527E8|185| |IAC|IAC.O|IAC|2024 Q3|-15.532766270658602|9.38719E8|185| |IAC|IAC.O|IAC|2024 Q4|-6.495726980418398|9.89307E8|185| 4. **Insights and Context**: - The negative net income for 2024, despite positive revenue growth, indicates that IAC faced significant challenges in Q4 that affected its profitability for the year. - The company's management will need to address the factors contributing to such substantial losses in Q4 to improve future financial performance. In conclusion, IAC's Q4 earnings surprise had a profound impact on its annual performance, with the company reporting a significant net loss for the year due to the negative EPS surprise in Q4. While the revenue surprise was positive, it was not enough to offset the negative earnings impact, highlighting the importance of managing costs and improving profitability in challenging market conditions.