BRIEF-IAC Reports Qtrly Earnings Per Share $1.19
IAC: * DISCLOSED INTENTION TO EXPLORE POSSIBILITY OF DISTRIBUTION OF INTERESTS IN MATCH GROUP, ANGI HOME SERVICES TO ITS SHAREHOLDERS
* QTRLY REVENUE $1.19 BILLION VERSUS $1.06 BILLION; QTRLY EARNINGS PER SHARE $1.19 * Q2 EARNINGS PER SHARE VIEW $0.95, REVENUE VIEW $1.18 BILLION -- REFINITIV IBES DATA
* QTRLY ANGI HOMESERVICES REVENUE INCREASED 17% TO $343.9 MILLION * ANGI Q2 REVENUE VIEW $351.2 MILLION -- REFINITIV IBES DATA
* QTRLY VIMEO PLATFORM REVENUE INCREASED 26% TO $45.7 MILLION * SEES FY 2019 TOTAL IAC ADJUSTED EBITDA $980 MILLION - $1,070 MILLION
* SEES FY 2019 OPERATING INCOME $555 MILLION - $680 MILLION * SEES Q3 ADJUSTED EBITDA OF $55-$65 MILLION FOR ANGI HOMESERVICES
* SEES Q3 ADJUSTED EBITDA LOSSES UNDER $10 MILLION FOR VIMEO * SEES 2019 ADJUSTED EBITDA TARGET TO $200 MILLION - $230 MILLION FOR ANGI Source text for Eikon: Further company coverage:
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