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.
Eggland's Best (EB) has partnered with Daily Burn to promote healthier lifestyles through nutrition and fitness. Starting April 22, families can enter a sweepstakes for nutrition and fitness prizes until June 25. Winners can receive items like yoga mats and a grand prize of a one-year Daily Burn membership and a supply of EB eggs. The initiative includes nutritious recipes and free workout videos. Notably, EB eggs boast superior nutrition, offering six times more Vitamin D and double the Vitamin B12 compared to regular eggs, aligning with an active lifestyle.
IAC (NASDAQ: IAC) is set to release its first quarter earnings results after market close on May 6, 2021. The earnings announcement will be accompanied by a shareholder letter from CEO Joey Levin, potentially featuring forward-looking insights. A live stream of a video conference discussing the results, in collaboration with Angi Inc., is scheduled for May 7, 2021, at 8:30 a.m. EDT. IAC operates several well-known brands, including Vimeo and Dotdash, and maintains majority ownership of Angi Inc.
IAC's Vimeo will release its first quarter 2021 results on May 5, 2021, followed by a live-streamed video conference on May 6 at 8:30 a.m. EDT to discuss the results. Investors can find the earnings report on IAC's Investor Relations website.
Vimeo serves over 200 million users and is a leading video software solution provider. The PR includes cautionary forward-looking statements regarding financial performance and potential separation from IAC.
IAC has released its monthly metrics for March 2021, now accessible on its investor relations website. The company, a leader in building and acquiring brands, operates notable entities like Vimeo, Dotdash, and Care.com. IAC emphasizes financial discipline and opportunism as core principles guiding its diverse portfolio, which also includes majority ownership of Angi Inc. This PR highlights IAC's commitment to transparency by making performance metrics publicly available.
Vimeo and Constant Contact have formed a strategic partnership to integrate video marketing tools within Constant Contact's platform. This collaboration allows users to create, host, and manage videos seamlessly, enhancing email marketing campaigns. Constant Contact users will benefit from features such as video creation, GIF embedding, lead capturing, and performance measurement from a single dashboard. This partnership joins others like GoDaddy and Shopify, further solidifying Vimeo's role in empowering businesses through video.
Vimeo, an operating business of IAC, is set to finalize its spin-off from IAC in Q2 2021, transitioning into a publicly traded company on Nasdaq. The new Board of Directors will consist of 11 members, including Joey Levin (IAC CEO), Anjali Sud (Vimeo CEO), and notable industry figures like Spike Lee and Alesia Haas. This move reflects Vimeo's growth into a leading player in its market, highlighting its robust management team and ambitious goals. The spin-off awaits final approval from IAC's Board, stockholders, and a tax opinion.
RoboKiller reported a staggering 7.4 billion spam text messages and 6.3 billion spam calls in March 2021, marking a 37% increase in spam texts from February. The rise in spam communications is attributed to heightened scam activity as COVID-19 restrictions ease. Notably, top spam-texted states include Texas, Georgia, and Illinois, with vehicle warranty and health insurance scams being prevalent. Despite FCC efforts to combat robocalls, spam levels are expected to remain high, reflecting ongoing consumer vulnerability amid economic stress.
IAC released its monthly metrics for February 2021 on its investor relations website. The company focuses on building innovative companies and has successfully transitioned from a single entity into ten public companies over two decades. IAC operates a range of well-known brands, including Vimeo, Dotdash, Care.com, and has majority ownership of ANGI Homeservices, which encompasses HomeAdvisor, Angie's List, and Handy. IAC's strategy is driven by financially-disciplined opportunism, aiming for continuous evolution in the digital landscape.
RoboKiller reports a surge in spam calls and texts in February 2021, with Americans receiving 5.6 billion spam calls, a 10% increase from January. Spam texts also rose to 5.8 billion, marking a 15% increase. The primary scam type is vehicle warranty-related, comprising 23% of total spam calls. Texas leads in spam calls, while Alaska tops spam texts per person. RoboKiller predicts a potential 70 billion spam calls and 90 billion spam texts by year-end, urging users to employ blocking technologies to combat scams.
IAC (NASDAQ: IAC) is set to participate in the 2021 Truist Securities Technology, Internet & Services Conference on March 10, 2021. Glenn Schiffman, the Chief Financial Officer, will engage in a fireside chat at 8:00 a.m. ET, with a live webcast accessible to the public at IAC's Investor Relations website.
IAC is known for its innovative approach, operating key brands like Vimeo, Dotdash, and Care.com, and holding majority stakes in ANGI Homeservices.
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