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 Q4 2020

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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ANGI Homeservices

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

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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

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

IAC Earnings Soar on MGM Stake

NEW YORK , May 9, 2023 /PRNewswire/ -- The gap in volume between robotexts and robocalls widened in April according to Robokiller Insights, as Americans received 13 billion robotexts (an 8% increase vs. March) and 5 billion robocalls (a 13% decrease).

Divergent Paths: Robocalls Decline While Robotexts Spike, According to Robokiller Insights

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We have narrowed our search to four stocks that are set to report earnings results today after market closes. These are: WYNN, CELH, RVNC and IAC.

Top 4 Stocks Set to Beat on Earnings Today After Market Closes

The mean of analysts' price targets for IAC (IAC) points to a 55.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Think IAC (IAC) Could Surge 55.48%: Read This Before Placing a Bet

NEW YORK , April 12, 2023 /PRNewswire/ -- After the close of market trading on Tuesday, May 9, 2023, IAC (NASDAQ: IAC) will post its first 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, May 10, 2023, at 8:30 a.m.

IAC TO ANNOUNCE Q1 2023 EARNINGS ON MAY 9th AND HOST EARNINGS CONFERENCE CALL ON MAY 10th

NEW YORK , April 11, 2023 /PRNewswire/ -- Today IAC (NASDAQ: IAC) announced the completion of an $80 million all cash transaction to acquire the land under its iconic New York City headquarters at 555 West 18th Street.

IAC Acquires Land Under Iconic New York City Headquarters for $80 Million

NEW YORK , April 4, 2023 /PRNewswire/ -- Americans received 12.2 billion robotexts and 5.9 billion robocalls in March, increases of 13% and 23%, respectively, according to Robokiller Insights. Although the spike can be attributed in part to a longer month, it's still cause for concern for Americans seeking a reprieve from unwanted texts and calls.

Both Robotexts and Robocalls Increased in March, According To Robokiller Insights

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NEW YORK , March 16, 2023 /PRNewswire/ -- Americans received an estimated 15 billion political text messages and 384 million political calls in 2022, according to Robokiller's 2022 political insights repor t released today. This marks a divergence in paths — political texts increased by 158% while political calls decreased by 57%.

Americans Received 158% More Political Texts in 2022, But Political Calls Drop, According to Robokiller Report

NEW YORK , March 6, 2023 /PRNewswire/ -- Americans received a whopping 225 billion robotexts, a 157% increase from 2021 and the most significant increase on record, according to Robokiller's annual phone scam report released today. Scammers haven't shifted too far away from robocalls yet, as those reached 78 billion in 2022, a modest 8% increase from the year prior.

Robocall Growth Slows, Spam Texts Explode According to Robokiller 2022 Phone Scam Insights Report

Don't expect to value the company on a standard earnings ratio, though.

News for IAC/InterActiveCorp Stock (IAC)