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Page 1 of 15 IAC IAC REPORTS Q3 2021 - Q3 REVENUE INCREASES 30 % TO $ 924 MILLION NEW YORK - November 4 , 2021 — IAC ( NASDAQ : IAC ) released its third quarter results today and separately posted a letter to shareholders from IAC CEO Joey Levin on the Investor Relations section of its website at ir.iac.com . Revenue Operating loss Net earnings Diluted EPS Adjusted EBITDA IAC SUMMARY RESULTS ( $ in millions except per share amounts ) Q3 2021 Q3 2020 Growth 924.1 $ 713.2 30 % ( 32.1 ) ( 122.2 ) 74 % 60.7 184.9 -67 % 0.65 2.04 -68 % 30.2 31.8 -5 % See reconciliations of GAAP to non - GAAP measures beginning on page 11 . Q3 2021 HIGHLIGHTS • • On October 6 , 2021 , IAC and Meredith Corporation entered into an agreement pursuant to which IAC's Dotdash will acquire the entity that holds Meredith Corporation's National Media Group in an all cash transaction at a purchase price of $ 42.18 per share ( $ 2.7 billion enterprise value ) . The transaction is expected to close by the end of the year . IAC holds 59 million shares of MGM Resorts International ( “ MGM " ) . IAC's Net earnings and EPS reflect increases or decreases in MGM's share price in the quarter as income or loss . As a result , Net earnings and EPS can be very volatile . This reduces Net earnings ' ability to be an effective measure to compare operating performance between periods ( there was a $ 23 million unrealized gain in Q3 2021 in MGM as compared to a $ 228 million unrealized gain in Q3 2020 ) . IAC's stake in MGM was purchased for $ 1.0 billion in Q2 and Q3 2020 and is worth $ 2.8 billion as of October 29 , 2021 . Angi Inc. revenue increased 18 % year - over - year to $ 462 million , the 4th consecutive quarter of double - digit growth . о Angi Services revenue was $ 117 million in Q3 2021 , increasing 160 % year - over - year . ○ Transacting Service Professionals increased 7 % year - over - year to 222,000 and Monetized Transactions increased 1 % year - over - year to nearly 5 million . Dotdash revenue increased 28 % year - over - year to $ 65 million , the 18th consecutive quarter with double digit growth . Operating income was $ 7 million and Adjusted EBITDA was $ 8 million , reflecting $ 5.5 million of transaction costs related to the Meredith transaction . • Emerging & Other revenue increased 33 % to $ 169 million reflecting : о $ 86 million from Care.com ( up from $ 57 million in Q3 2020 ) о 108 % year - over - year growth from Bluecrew and Vivian Health on a combined basis