Welcome to our dedicated page for IAC news (Ticker: IAC), a resource for investors and traders seeking the latest updates and insights on IAC stock.
IAC Inc. (NASDAQ: IAC) is a leading media and internet company headquartered in New York City. It encompasses over 150 brands and products, making it one of the largest online platforms globally. The company's diverse portfolio includes well-known names like Ask.com, About.com, Match.com, HomeAdvisor, and Vimeo, among others.
IAC operates across various segments such as search, applications, online dating, media, and e-commerce. Its family of websites attracts over two billion monthly visits, reaching users in more than 200 countries worldwide.
In recent years, IAC has focused on spinning off successful ventures; in the second quarter of 2020, it spun off Match Group, a prominent dating app provider, and in the second quarter of 2021, it spun off Vimeo, a video software provider.
IAC's revenue is diversified across several segments: Angi Inc. contributes 33%, Dotdash Meredith 39%, search 14%, and other emerging businesses 14%. Angi Inc. is well-known for home service solutions, while Dotdash Meredith is a major digital and print publisher in the U.S., featuring brands like PEOPLE, Better Homes & Gardens, and Investopedia.
One of the latest strategic moves by IAC includes a partnership with Ben Sherwood and Joanna Coles to revitalize The Daily Beast, aiming to make it an essential source of journalism. Additionally, Dotdash Meredith has entered a strategic partnership with OpenAI to integrate trusted content from DDM into ChatGPT, enhancing user experience and ad-targeting capabilities.
Financially, IAC continues to demonstrate disciplined opportunism, focusing on building category-leading businesses through curiosity and innovation. The company regularly updates its shareholders and the public through quarterly reports and conference calls, highlighting its commitment to transparency.
For more information and to view the full list of IAC's companies, please visit www.iac.com.
IAC is set to announce its fourth quarter results after market close on February 15, 2022, with a shareholder letter from CEO Joey Levin potentially featuring forward-looking information. A joint video conference with Angi Inc. will follow on February 16, 2022, at 8:30 a.m. ET, to discuss the results. The event will be publicly accessible through a live stream. IAC focuses on building innovative companies and is known for its portfolio, including Angi Inc. and Dotdash Meredith.
IAC has released its monthly metrics for December 2021, now available on its investor relations website. The company continues to focus on a variety of brands and businesses, including Angi Inc. (ANGI) and Dotdash Meredith. With a commitment to financially disciplined opportunism, IAC is oriented towards building and acquiring innovative products. The metrics provide insights into the company’s performance as it evolves and consolidates its market position.
IAC has appointed Chris Halpin as Chief Financial Officer effective January 26, 2022. Halpin brings extensive experience from the NFL, where he managed strategic growth and digital initiatives. His background includes overseeing international business and sports betting strategies. Halpin aims to enhance shareholder value by capitalizing on digital engagement trends. CEO Joey Levin emphasized Halpin's ability to navigate emerging consumer technologies, marking a significant leadership transition for IAC.
iTranslate has launched an API Integration for Lens Studio at Snap's Lens Fest, enhancing the platform's capabilities with real-time translation in over 50 languages. This integration allows developers to utilize the translation API for both Text and Text3D objects, expanding the creative possibilities for augmented reality experiences on Snapchat. iTranslate aims to improve global communication, supporting a user base of over 200 million downloads of its translation app. The company is part of IAC (NASDAQ: IAC).
On December 14, 2021, Byrdie launched its inaugural Byrdie Beauty Awards, recognizing excellence in beauty across 91 categories, including Skin, Makeup, and Hair. The awards featured products like Renee Rouleau Triple Berry Smoothing Peel and Mented Matte Lipstick, chosen by Byrdie's editors and guest judges based on Efficacy, Overall Value, and unique features. Byrdie aims to celebrate influential figures in the beauty industry, with categories highlighting leaders and innovators.
IAC released its monthly metrics for November 2021, available on their investor relations website. The company, which has evolved over two decades to become a diversified holding entity, currently has majority ownership of Angi Inc. and operates several other well-known brands including Dotdash Meredith and Care.com. IAC continues to focus on financially-disciplined strategies to build and acquire innovative products and brands.
Dotdash Meredith, part of IAC (NASDAQ: IAC), will participate in the Barclays Global Technology, Media and Telecommunications Conference on December 8, 2021. CEO Neil Vogel will engage in a fireside chat at 8:35 a.m. ET. The event will be live-streamed and available for replay for 90 days at IAC's events page. Dotdash Meredith is America’s largest digital and print publisher, overseeing 40+ brands, including PEOPLE and Investopedia.
IAC has successfully completed the acquisition of Meredith Holdings Corp. for $42.18 per share, forming Dotdash Meredith, which combines renowned brands like PEOPLE and Better Homes & Gardens with digital capabilities. This merger positions Dotdash Meredith as a leading digital and print publisher, reaching 188 million consumers monthly, including 95% of U.S. women. The company anticipates over 70% of its pro forma Adjusted EBITDA in 2021 to derive from digital assets, projecting over $450 million in digital Adjusted EBITDA by 2023.
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