Yes, well at least they measure something. Critics of IQ often bring up how there are different forms of intelligence that IQ does not capture. While this is accurate, the types of intelligence that IQ does test for have been highly correlated to educational and economic success. Another criticism is that IQ is only useful for western society. To that I would question why then do Asians score among the highest? I think that this line of reason in not completely off-base, I just think it is because western society is more meritocratic. A lot of middle eastern and African societies value force and violence over intelligence. So IQ does measure western success, but only because the west is better civilization.
https://www.worldwide-iq-test.com/iq-tests