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 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.
IAC (NASDAQ: IAC) has released its third quarter financial results and a letter to shareholders, which can be found on their investor relations website. A live-streamed video conference is scheduled for November 5, 2021, at 10:00 a.m. ET, where IAC and Angi Inc. will discuss their third quarter results.
CEO Joey Levin will be joined by other company executives to answer questions during the session. IAC continues to evolve, holding majority ownership of Angi Inc. and operating several brands, including Dotdash and Care.com.
On November 4, 2021, Brides and Investopedia released a collaborative study titled Weddings & Money 2021, revealing the ongoing impact of COVID-19 on weddings. Surveying 1,000 couples, the study found that 41% postponed their weddings, with 91% implementing COVID-19 precautions. The average wedding budget is $20,000, with couples increasingly using loans and credit cards to finance expenses. Creative funding methods are emerging, and 48% of couples already share joint finances. The research indicates a trend toward smaller, more personalized weddings.
Transphorm, Inc. (OTC-PINK: TGAN) has appointed Cindi Moreland to its Board of Directors as of October 20, 2021. With over 30 years in the legal field, Moreland brings extensive experience, having served as general counsel for notable firms including Care.com and Samsung Mobile USA. This appointment follows the earlier additions of Ms. McFarland and Ms. Smales, highlighting the company’s commitment to board diversification. Concurrently, Brittany Bagley resigned from the Board to focus on her career, with no operational disagreements reported.
Daily Burn has launched a new program, Baby Bump & Beyond, tailored for pregnancy and postpartum fitness. Co-founded by specialists Nicole Coons and Kendra Fitzgerald, the program includes 24 workouts for the second and third trimesters and 6 recovery sessions for postpartum recovery. The initiative aims to empower women with safe, effective routines that incorporate strength, yoga, and breathing techniques. Membership starts with a 30-day free trial, granting access to a variety of workouts and expert advice.
IAC (NASDAQ: IAC) will release its third quarter results after market close on November 4, 2021. CEO Joey Levin will provide a shareholder letter, potentially including forward-looking statements. A joint video conference with Angi Inc. will be held on November 5, 2021, at 10:00 a.m. ET to discuss the earnings results and answer questions. The video will be publicly available. IAC focuses on acquiring and building companies, maintaining majority ownership of Angi Inc. and operating notable brands such as Dotdash and Care.com.
IAC has released its monthly metrics for September 2021, which are now available on the investor relations section of its website. The company, which operates a diverse range of brands, maintains a focus on financially-disciplined growth. IAC continues to evolve as a parent company, holding majority ownership of Angi Inc. and engaging in various business sectors, including home services and online media. Investors can access detailed metrics directly through the company's investor relations page.
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