IAC Inc. (NASDAQ: IAC) is scheduled to release second-quarter 2024 results on Aug 6 after market close. The company's earnings outperformed the Zacks Consensus Estimate twice in the preceding four quarters, met the estimate once and missed on the remaining occasion, the average surprise being negative 51.4%. In the last reported quarter, it reported a loss of 93 cents per share, narrower than the Zacks Consensus Estimate of a loss of $1.14 per share. Let's see how things have shaped up for IAC this earnings season. Factors Likely to Have Shaped the Quarterly Performance Persistent weakness in the company's service business and decreasing membership subscription revenues in the ads and leads business are expected to have weighed on the Angi segment's sales. The consensus mark for the segment's revenues is pegged at $301.7 million, indicating a 19.6% dip from the year-ago reported number. The reduction in marketing by affiliate partners, which caused fewer visitors to ad-supported search and content websites, is expected to have hurt the Search segment. The Zacks Consensus Estimate for the segment's revenues is pegged at $110.1 million, which implies a 37.8% decline from the year-ago reported number. Also, the softness in Mosaic Group and Care.com businesses is likely ...