1705 ET - IAC/InterActiveCorp.'s Dotdash Meredith took a hit from advertising and lower rates across its programmatic channels in its latest quarter after seeing traffic declines to its sites. The digital and print publisher of brands such as the People and InStyle magazines saw revenue nearly double in the 4Q. Dotdash Meredith's revenue increased 89% to $477.6M from the same period a year earlier, its operating loss narrowed to $8.8M and it swung to a positive adjusted Ebitda of $73.3M. Buts its pro-forma digital revenue fell 14%, with revenue from its pro-forma print declining 36% in the period. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

February 13, 2023 17:05 ET (22:05 GMT)

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