IAC (NASDAQ: IAC) reported GAAP Q1 EPS of $0.71, may not compare the analyst estimate of $0.80. Revenue for the quarter came in at $995.1 million versus the consensus estimate of $923.83 million.

Please find below our updated full year 2018 outlook. We confront investment choices every day, and as stewards of your capital, will deviate from guidance when we have an attractive opportunity that drives long-term value at the expense of short-term results. And of course, sometimes we’ll simply be wrong about the future. Amply warned, here’s our current outlook for the year: Additional Q2/FY 2018 Color

• Match Group – In Q2 we expect $405 to $410 million revenue and $160 to $165 million Adjusted EBITDA. For the FY, we expect $1.6 to $1.7 billion revenue.

• ANGI Homeservices – In Q2 we expect 16% pro forma revenue growth (Q2 ’17 pro forma revenue of $253.5 million). We expect higher margins in Q2 with Adjusted EBITDA around $60 million, excluding costs and deferred revenue write-offs in connection with the Angie’s List transaction. For the remainder of 2018, we expect costs and deferred revenue write-offs in connection with the Angie’s List transaction to be less than $2 million and $3 million, respectively.

• Video – In Q2 we expect revenue of $55-$60 million with the full year growth rate impacted by the delivery of 3 films at IAC Films in the second half of 2017, which is not expected to recur in 2018. We expect Q2 Adjusted EBITDA losses around $10 million, maybe a little bit higher.

• Applications – For the foreseeable future, we expect quarterly revenue flat to Q1 with quarterly Adjusted EBITDA between $25 and $30 million.

• Publishing – In Q2 we expect revenue slightly below Q1 levels with Adjusted EBITDA around $10 million. FY 2018 (in millions) Guidance Adjusted EBITDA Match Group $600-$650 ANGI Homeservices (a) $270 Video (40-30) Applications 100-120 Publishing 40-50 Corporate (65) Total IAC Adjusted EBITDA $905-$995 Stock-based compensation expense (b) (230-220) Depreciation (80-70) Amortization of intangibles (80-70) Operating income $515 - $635

For earnings history and earnings-related data on IAC (IAC) click here.