IAC Earnings Release and Letter to Shareholders Available on Company's Website

Rhea-AI Summary

IAC released its first-quarter financial results and a letter to shareholders, available on its website. A conference call with Angi Inc. will discuss the results on May 8, 2024.

Financial Analyst

The release of IAC's quarterly financial results directly informs us about the company's current fiscal health and operational efficiency. These figures are pivotal for any valuation model as they provide both a snapshot and a trajectory of the company's performance. Revenue growth, profit margins and earnings per share (EPS) are key indicators here. Particularly, scrutinizing the EPS against market expectations can signal whether the company is outperforming or underperforming. Investors should cross-reference these earnings with the broader industry trends to assess market share movements. Diving deeper into specific operational costs and their implications on long-term profitability is also critical. Moreover, given IAC's ties with Angi Inc., it’s essential to examine how IAC’s performance may be impacting their investment or partnership. The provided shareholder letter may contain strategic insights that can help investors discern executive sentiment and future direction, which is often not quantifiable but has a qualitative influence on investor confidence.

Market Research Analyst

The forward-looking statements and sentiment expressed in the shareholder letter can provide context beyond the raw numbers. It's worth analyzing the language for any shifts in strategy, potential market expansions, or new product innovations that could drive future financial growth. Market reaction to these results can vary; a positive reception typically leads to a temporary stock uplift. It is crucial, however, to differentiate between short-term volatility and sustainable growth trends. For an investor, understanding the competitive position of IAC within its industry, as well as how external economic factors might affect its future performance, is key to making a well-rounded assessment. For instance, how does IAC's growth in its core businesses compare to peers? Are there any regulatory changes on the horizon that could affect IAC's operations, especially in terms of digital services and platforms?

NEW YORK, May 7, 2024 /PRNewswire/ -- IAC (NASDAQ: IAC) posted its first quarter financial results and a letter to shareholders on the investor relations section of its website at https://ir.iac.com/quarterly-results.  As announced previously, IAC and Angi Inc. will host a conference call to discuss both companies' respective first quarter results and to answer questions. The call will be held on Wednesday, May 8, 2024, at 8:30 a.m. ET. Joey Levin, CEO of IAC and Chairman of Angi Inc., Jeffrey Kip, CEO of Angi Inc. and Christopher Halpin, Executive Vice President, CFO and COO of IAC, will participate.

The live audiocast and replay will be open to the public through the investor relations section of the IAC site at https://ir.iac.com/quarterly-results.

About IAC
IAC (NASDAQ: IAC) builds companies.  We are guided by curiosity, a questioning of the status quo, and a desire to invent or acquire new products and brands.  From the single seed that started as IAC over two decades ago have emerged 11 public companies and generations of exceptional leaders.  We will always evolve, but our basic principles of financially disciplined opportunism will never change.  IAC is today comprised of category leading businesses including Angi Inc. (NASDAQ: ANGI), Dotdash Meredith and Care.com, among many others ranging from early stage to established businesses.  IAC is headquartered in New York City with business locations worldwide.

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SOURCE IAC

FAQ

Where can I find IAC's first-quarter financial results and letter to shareholders?

The first-quarter financial results and letter to shareholders are available on IAC's investor relations section at https://ir.iac.com/quarterly-results.

When will the conference call to discuss the first-quarter results take place?

The conference call will be held on May 8, 2024, at 8:30 a.m. ET.

Who will participate in the conference call?

Joey Levin, CEO of IAC and Chairman of Angi Inc., Jeffrey Kip, CEO of Angi Inc., and Christopher Halpin, Executive Vice President, CFO, and COO of IAC, will participate in the conference call.