Welcome to our dedicated page for Iac Interactivecorp news (Ticker: IAC), a resource for investors and traders seeking the latest updates and insights on Iac Interactivecorp 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 (NASDAQ: IAC) released its fourth quarter financial results on February 3, 2021, and announced a virtual conference call scheduled for February 4, 2021, at 8:30 a.m. ET. The call will feature key executives from IAC and ANGI Homeservices. IAC has built a diverse portfolio over two decades, including well-known companies like Vimeo and Care.com, with a focus on financial discipline and innovation. Investors can access the detailed earnings report and shareholder letter on IAC's investor relations website.
Mosaic Group, a mobile app developer, announced the launch of a new academic program, Expanding Access, aimed at underrepresented communities. The program will feature a lecture series starting on February 1st at Jackson State University, covering various aspects of technology careers. Following this, it will expand to Medgar Evers College on March 1st. Students completing the course may apply for a six-month mentorship program. CEO Zachary Roseman emphasized the initiative's goal to create equitable opportunities for Black and POC students.
Vimeo has launched an updated suite of video marketing tools designed to enhance customer engagement and lead generation for businesses. The new features include customizable in-video contact forms and integrations with platforms such as HubSpot, Mailchimp, and Constant Contact. These enhancements enable marketers to collect viewer data seamlessly and use video content more effectively in email campaigns, which can boost engagement rates significantly. Vimeo's latest tools are available for Business, Premium, and Enterprise users, further expanding its capabilities as a leading video solution.
On January 25, 2021, Vimeo, an IAC business, announced it raised $300 million in primary equity from T. Rowe Price and Oberndorf Enterprises at a valuation exceeding $5 billion. This follows a previous $150 million equity raise in November 2020 as part of IAC's plan to spin off Vimeo as an independent public company. The new investment includes $200 million at a $5.2 billion pre-money valuation and $100 million at $5.7 billion. Vimeo reported a 57 percent year-over-year revenue growth in December 2020, highlighting strong demand for its video services.
IAC will announce its fourth quarter results after market close on February 3, 2021. CEO Joey Levin will release a shareholder letter that may include forward-looking information. Following the announcement, a virtual conference call with IAC and ANGI Homeservices is scheduled for February 4, 2021 at 8:30 a.m. ET to discuss the results. The earnings details and communication will be accessible to the public via their official channels.
IAC has released its monthly metrics for December 2020, which are now available on the investor relations section of its website. The company, headquartered in New York City, focuses on building and operating various brands, including Vimeo, Dotdash, and Care.com. IAC has a history of evolving through acquisition and innovation, maintaining financially-disciplined opportunism. The metrics provided may offer insight into the company’s performance and future direction.
IAC (NASDAQ: IAC) has announced a plan to spin off its complete stake in Vimeo, making it an independent public company. This marks the 11th spin-off from IAC. The transaction involves a reclassification of IAC shares, enabling stockholders to receive Vimeo shares. A stockholder meeting is scheduled for Q1 2021 to approve the proposal, with completion expected in Q2 2021. The spin-off is designed to be tax-free for stockholders. The separation aims to unlock Vimeo's growth potential and create a 'pure-play' equity currency for future capital raises.
IAC has released its monthly metrics for November, now accessible on its investor relations website. The company continues its mission to build and acquire innovative products and brands, operating notable entities like Vimeo, Dotdash, and Care.com. IAC's portfolio also includes a majority stake in ANGI Homeservices, which comprises services such as HomeAdvisor, Angie's List, and Handy. The firm emphasizes a principle of financially-disciplined opportunism in its evolving business landscape.
IAC will participate in the Barclays Global Technology, Media and Telecommunications Conference on December 10, 2020. The fireside chat featuring Glenn Schiffman, CFO of IAC, is scheduled for 10:30 a.m. ET. A live webcast will be accessible to the public via their investor relations page.
IAC is a leading company builder, operating brands like Vimeo and Dotdash, and is headquartered in New York City.
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