$IAC Stub at 52 week low
This is the approx. stub value for IAC which includes Dotdash Meredith, Care.com, Ask Media, minority stake in Turo, etc.
Christopher Halpin, the Executive Vice President & Chief Financial Officer of IAC, presented at Cowen’s 50th Annual Technology, Media & Telecom Conference in early June and mentioned Adjusted EBITDA for Dotdash Meredith is still expected to be above $300 million, “We feel very good about that.”
Regarding the $450 million guided for 2023, “that is still our target, things that.. we can control we feel good about, and then the broader macro environment when you’re looking at the full year at that point, people ask a lot of questions, we can’t answer those. But we are still definitely targeting $450 million of digital EBITDA next year.”
The market clearly doesn’t believe this is a likelihood as shown by the stub value below.
Will Dotdash Meredith meet expectations?
20%Only the 300 million for FY22
5 VotesPoll ended on: 07/28/22