Aug 4 (Reuters) -

IAC posted a 15% rise in second-quarter core profit

on Monday, helped by the steady growth of its biggest business

and a reduction in operating expenses.

The media and internet company, which owns brands such as

Food & Wine and Investopedia, posted adjusted earnings before

interest, taxes, depreciation and amortization of $51.4 million

for the quarter, up from $44.8 million a year ago.

Dotdash Meredith, IAC's biggest business - which was

recently rebranded as People - reported a 9% growth in digital

revenue for the quarter, driven by higher premium advertising in

the health and pharmaceuticals, technology and travel

categories.

Quarterly operating expenses fell 10.6% to $586.4 million.

IAC's revenue for the quarter ended June 30 came in at

$586.9 million, below analysts' average estimate of $601.3

million, according to data compiled by LSEG.

IAC revised its adjusted EBITDA expectations to between $247

million and $285 million for fiscal 2025, compared to its

earlier forecast of $240 million to $295 million.

Early in the reported quarter, IAC completed the spin-off of

its majority stake in the home services unit Angi.