IAC/InterActiveCorp

IAC, Inc. engages in media and Internet business. It operates through the following segments: Dotdash Meredith, Angi Inc, Search, and Emerging and Other. The Dotdash Meredith segment provides digital and print publishing services from mobile to magazines. The ANGI Homeservices segment offers repairing, remodeling, cleaning, and landscaping through category-transforming products under HomeAdvisor, Angie's List, Handy, and Fixd Repair brands. The Search segment consists of Ask Media Group, which provides general search services and information. The Emerging and Other segment includes platforms Care.com, Bluecrew, NurseFly Mosaic Group, Vivian Health, The Daily Beast, IAC Films, and Newco. The company was founded on August 24, 1995, and is headquartered in New York, NY.

Earnings data Q1 2021

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IAC's Angi shows strong Q4 growth, Dotdash Meredith eyes stability

Angi's Q4 performance reflects growth in ads and leads business, with a focus on improving net revenue reporting. Dotdash Meredith anticipates revenue stability and growth in 2023 amidst challenges.
Efficiency improvements and cost savings initiatives at Angi are expected to drive growth in adjusted EBITDA and CapEx. Dotdash Meredith leverages AI tools for content development efficiency and differentiation.
Levin's emphasis on customer experience and intent strengthens Angi's competitive edge. Dotdash Meredith's expected growth rate exceeding the market indicates strong positioning.
Challenges include improving retention rates at Angi and addressing revenue challenges at Dotdash Meredith. Opportunities lie in enhancing customer retention and leveraging AI tools for content efficiency.

IAC and Angi Inc. report Q1 earnings, focus on profitability and AI integration

IAC and Angi Inc. focus on profitability, customer experience, and AI integration for efficiency.
Dotdash Meredith shows improvements in traffic, marketing, and e-commerce integration.
Angi plans to reinvest for revenue growth despite expected revenue decline in 2023.
Capital allocation strategies aim to create shareholder value through strategic investments.

IAC reports mixed Q2 performance, focuses on long-term growth

IAC's Q2 performance showed a mix of revenue declines and growth across its businesses.
Strategic restructuring efforts are driving long-term growth and improving customer experience.
Opportunities lie in leveraging Gen AI, enhancing SEO, and expanding services for growth.
Challenges include revenue declines, AI model limitations, and ongoing IP rights discussions.

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NEW YORK , Oct. 5, 2023 /PRNewswire/ -- Robotexts jumped to 12 billion in September, a 9% month-over-month increase, according to Robokiller Insights . Meanwhile, robocalls plummeted to 4.6 billion  in September, a 14% decrease from August.

Robotexts Rebound To 12 Billion On The Heels Of Three Month Decreases, According To Robokiller Insights

Vancouver, British Columbia--(Newsfile Corp. - October 3, 2023) - Meryllion Resources Corporation (CSE: MYR) ("Meryllion" or the "Company") is pleased to announce that, further to its press release of July 20, 2023, it has entered into an amended arm's-length Option and Earn-In Agreement (the "Agreement") with Tasmania Strategic Green Metals Pty Ltd. ("TSGM") and Westbury Resources Pty Ltd.

Meryllion Increases Tenement Position in Tasmanian IAC Rare Earth Project

NEW YORK , Sept. 14, 2023 /PRNewswire/ -- Robocalls increased by 5% in August to 5.4 billion , a reversal from recent month-over-month decreases, according to Robokiller Insights.

Robocalls Increase By 5% While Robotexts Decrease In August, According to Robokiller Insights

ANGI Homeservices

NEW YORK , Aug. 30, 2023  /PRNewswire/ -- IAC (NASDAQ: IAC) will participate in the Goldman Sachs Communicopia + Technology Conference on Thursday, September 7, 2023. Christopher Halpin, Executive Vice President, CFO and COO of IAC will participate in a fireside chat at 9:30 a.m.

IAC to Participate in the Goldman Sachs Communicopia + Technology Conference

A weak advertising market and demand for home repairs has weighed on the company's revenue growth. The company was able to significantly narrow its operating loss in the second quarter.

Why IAC Stock Fell This Week

IAC missed estimates on the top and bottom lines. Revenue declined in all four of its business segments.

Why IAC Stock Was Falling Today

IAC Inc. (NASDAQ:IAC ) Q2 2023 Results Conference Call August 9, 2023 8:30 AM ET Company Participants Christopher Halpin - CFO and COO Joey Levin - CEO, IAC and CEO and Chairman, Angi Inc. Conference Call Participants Cory Carpenter - JPMorgan John Blackledge - TD Cowen Eric Sheridan - Goldman Sachs Jason Helfstein - Oppenheimer Stephen Ju - Credit Suisse Brad Erickson - RBC Capital Markets Ross Sandler - Barclays Brian Fitzgerald - Wells Fargo Youssef Squali - Truist Securities Brent Thill - Jefferies Ygal Arounian - Citigroup Tom Champion - Piper Sandler Kunal Madhukar - UBS Operator Welcome to the IAC and Angi Second Quarter 2023 Earnings Conference Call. [Operator Instructions] After today's opening remarks there will be an opportunity to ask questions.

IAC Inc. (IAC) Q2 2023 Earnings Call Transcript

IAC (IAC) came out with a quarterly loss of $0.76 per share in line with the Zacks Consensus Estimate. This compares to loss of $1.71 per share a year ago.

IAC (IAC) Reports Q2 Loss, Lags Revenue Estimates

Shares of IAC Inc. IAC, -0.54% fell 10.7% after hours on Tuesday after the media company reported second-quarter results that missed expectations. The company — which oversees outlets like People, Entertainment Weekly and the Daily Beast — reported a net loss of $91.6 million, or $1.07 a share, compared with $875.4 million, or $10.02 a share, in the same quarter last year.

IAC stock falls after results miss estimates

Report reveals Americans are on track to receive 279 billion robocalls and robotexts in 2023 NEW YORK , Aug. 2, 2023 /PRNewswire/ -- Robokiller, the app that eliminates 99% of robocalls and robotexts, released findings from its 2023 mid-year phone scam report today. The report reveals Americans received 78 billion robotexts and 31 billion robocalls between January and June, an 18% increase and 21% decrease from that same timeframe last year, respectively.

Robokiller releases 2023 mid-year phone scam report

NEW YORK , July 19, 2023 /PRNewswire/ -- After the close of market trading on Tuesday, August 8, 2023, IAC (NASDAQ: IAC) will post its second quarter results and simultaneously IAC CEO Joey Levin will publish a letter to shareholders, which may include certain forward-looking information, at https://ir.iac.com/quarterly-results. On Wednesday, August 9, 2023, at 8:30 a.m.

IAC TO ANNOUNCE Q2 2023 EARNINGS ON AUGUST 8th AND HOST EARNINGS CONFERENCE CALL ON AUGUST 9th

Alphabet

Pinterest

Yelp

If you asked most Americans if they use the internet on a daily basis, you likely would get an answer strong in the affirmative.

Goldman Sachs Loves 5 Top Internet Stocks That Live Where Digital Advertising Generates Billions

IAC Inc. IAC, -3.61% shares rose in the extended session Tuesday after the company announced a pair of top leadership changes. IAC shares rose as much as 5% after hours, following a 3.6% decline to close at $60.68.

IAC shares rise following top exec changes

Tim Allen assumes CEO role at IAC's Ask Media Group Consumer technology and digital media leader Brad Wilson succeeds Tim Allen as Care.com CEO NEW YORK , June 20, 2023 /PRNewswire/ -- Today IAC (NASDAQ: IAC) announced leadership changes at its Care.com and Ask Media Group subsidiaries. IAC has appointed Brad Wilson to CEO, who brings more than 20 years of leadership experience at major consumer technology brands including HBO Max, Disney Streaming, and IAC progeny LendingTree and Travelocity.

IAC's Care.com and Ask Media Group Announce Leadership Changes

NEW YORK , June 8, 2023 /PRNewswire/ -- Americans received 14.2 billion robotexts and 4.6 billion robocalls in May, a 9% increase and 10% decrease, respectively, according to Robokiller Insights. The two categories continue to follow diverging paths — this marks the third consecutive month-over-month increase in SMS spam and the second consecutive month-over-month decrease in unwanted calls.

Robotexts Increase While Robocalls Drop For Third Consecutive Month, According to Robokiller Insights

IAC returns to sustainable profitability at Angi and Emerging & Other segment, with a focus on improving customer experiences for ANGI services. Dotdash Meredith faces a challenging advertising market but remains a profitable business with targeted, intent-driven ad campaigns. IAC is undervalued and actively seeking investment opportunities in unloved public companies, diamonds in the rough, and small private companies.

IAC: Continues To Create Value For Shareholders

NEW YORK , May 24, 2023 /PRNewswire/ -- IAC (NASDAQ: IAC ) will participate in the 51st Annual TD Cowen Technology, Media and Telecom Conference on Thursday, June 1, 2023. Christopher Halpin, Executive Vice President, CFO and COO of IAC will participate in a fireside chat at 8:30 a.m.

IAC to Participate in the 51st Annual TD Cowen Technology, Media and Telecom Conference

NEW YORK , May 16, 2023 /PRNewswire/ -- Dotdash Meredith (DDM), the largest publisher in America, today launched D/Cipher, a groundbreaking ad targeting tool that makes intent-based targeting at scale a reality, without cookies. D/Cipher connects advertisers to consumers in key moments of intent – as they make decisions, take action, and pursue their passions across DDM's more than 40 iconic brands, on all devices and platforms.

Dotdash Meredith Launches D/Cipher, a Transformative Intent-Targeting Tool for Advertising

NEW YORK , May 15, 2023 /PRNewswire/ -- IAC (NASDAQ: IAC) will participate in the 51st Annual J.P. Morgan Global Technology, Media and Communications Conference on Monday, May 22, 2023.

IAC to Participate in the 51st Annual J.P. Morgan Global Technology, Media and Communications Conference

IAC Inc. (NASDAQ:IAC ) Q1 2023 Earnings Conference Call May 10, 2023 8:30 AM ET Company Participants Christopher Halpin - Chief Financial Officer and COO Joey Levin - Chief Executive Officer, IAC and Chief Executive Officer and Chairman, Angi Inc. Conference Call Participants Ross Sandler - Barclays Cory Carpenter - JPMorgan Brian Fitzgerald - Wells Fargo John Blackledge - Cowen Brent Thill - Jefferies Jason Helfstein - Oppenheimer Eric Sheridan - Goldman Sachs Stephen Ju - Credit Suisse Ygal Arounian - Citigroup Youssef Squali - Truist Justin Patterson - KeyBanc Operator Good morning. And welcome to the IAC and Angi First Quarter 2023 Earnings Call.

IAC Inc. (IAC) Q1 2023 Earnings Call Transcript

The Angi owner delivered better revenue and earnings results than the market expected. Revenues were still down 18% year over year, reflecting lower traffic and advertising revenues in the media publishing businesses.

Why IAC Stock Skyrocketed Today

While the top- and bottom-line numbers for IAC (IAC) give a sense of how the business performed in the quarter ended March 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, IAC (IAC) Q1 Earnings: A Look at Key Metrics

IAC (IAC) came out with a quarterly loss of $2.06 per share versus the Zacks Consensus Estimate of a loss of $1.10. This compares to loss of $0.56 per share a year ago.

IAC (IAC) Reports Q1 Loss, Tops Revenue Estimates

Shares of IAC Inc. IAC are on the rise after the internet and media holding company posted sales of $1.08 billion, down 18% from a year ago but eclipsing analyst estimates of $1.06 billion. IAC posted fiscal first-quarter net earnings of $417.8 million, or $4.57 a share, vs.

IAC's stock climbs 10% on sales, earnings beats

MGM Resorts

The internet holding company is suffering from a slower advertising environment, but majority-owned Angi beat estimates.

News for IAC/InterActiveCorp Stock (IAC)