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.
Dotdash has announced the acquisition of leading food sites Simply Recipes and Serious Eats from Fexy Media, enhancing its food and drink portfolio. The deal closed on September 21, 2020, and the sites collectively reach over 16 million users monthly. This marks Dotdash's fifth acquisition since early 2019, positioning the company among the top three largest food publishers online. The integration aims to leverage Fexy's Relish technology for better user engagement in meal planning and recipe discovery.
IAC announced that its monthly metrics for August are now accessible on the investor relations section of its website. As a major player, IAC has evolved into a conglomerate with over 10 public companies, including Vimeo and Dotdash. Headquartered in New York City, IAC emphasizes financially-disciplined growth and innovation, continuing to build and acquire new brands.
Vimeo, a business unit of IAC (NASDAQ: IAC), will participate in the Goldman Sachs 29th Annual Communacopia Conference on September 16, 2020. CEO Anjali Sud is scheduled for a fireside chat at 12:25 p.m. ET. A live webcast will be accessible to the public, with a replay available for 90 days at IAC's investor relations site. Vimeo is a leading professional video platform with over 175 million members globally, based in New York City. IAC operates multiple businesses, promoting a culture of innovation and financial discipline.
IAC (NASDAQ: IAC) will participate in the KeyBanc Capital Markets' Future of Technology Series on September 15, 2020. Chief Financial Officer Glenn Schiffman will engage in a fireside chat at 2:00 p.m. ET. A live webcast will be accessible to the public, with a replay available for 90 days at iac.com/investors.
Dotdash, part of IAC (NASDAQ: IAC), will attend the Citi 2020 Global Technology Conference on September 9, 2020. CEO Neil Vogel will engage in a fireside chat at 8:55 a.m. ET. A live webcast will be accessible to the public, with a replay available for 90 days on the IAC Investors website. Dotdash, a significant player in online publishing, aids over 100 million users monthly with its vibrant brands, including Verywell, The Spruce, and Investopedia.
IAC (NASDAQ: IAC) announced its second quarter financial results on August 10, 2020, along with a shareholder letter. A virtual conference call will be held on August 11, 2020, at 8:30 a.m. ET, featuring key executives including CEO Joey Levin and CFO Glenn H. Schiffman. IAC operates various brands, including Vimeo, Dotdash, and Care.com, with majority ownership of ANGI Homeservices, which includes HomeAdvisor and Angie's List. The company emphasizes its commitment to financial discipline and opportunistic growth strategies.
iTranslate announced the launch of Grammatica, an AI-powered writing assistant app designed to enhance grammar and writing confidence. With over 200 million downloads globally, iTranslate aims to empower users through features like predictive typing, autocorrection, and style suggestions. Grammatica serves as a personal proofreader for communications, offering tools for both native and non-native English speakers. This newest product expands iTranslate's suite of language solutions, following its renowned translation app and other innovative offerings.
IAC (NASDAQ: IAC) will release its second quarter results on August 10, 2020, after market close. CEO Joey Levin will also publish a shareholder letter containing potentially forward-looking insights. A virtual conference call hosted by ANGI Homeservices is scheduled for August 11, 2020, at 8:30 a.m. EDT to discuss the quarterly results. IAC, known for its diverse portfolio including Vimeo and Dotdash, continues to focus on financial discipline and growth.
Apalon, a mobile development leader and a division of Mosaic Group, has appointed Susanne Sandler as General Manager, reporting to CEO Zachary Roseman. With over 600 million downloads and 1 million paying subscribers, Apalon aims to leverage Sandler's extensive experience from Booking Holdings to drive growth. In her new role, Sandler will oversee all strategy and operations from New York City, contributing to both existing product advancements and potential new category expansions.
Mosaic Group, a division of IAC, has named Chuck Elberti as the new Vice President of Data Platform. Elberti will oversee data products and services for Mosaic's global operations, directly reporting to CEO Zachary Roseman. With nearly 20 years of experience in data science, previously at Glu Mobile, he aims to enhance data-driven strategies for user engagement and retention. Mosaic Group, which boasts nearly 4 million paying subscribers and over 1 billion app installs, focuses on health, lifestyle, and productivity applications.
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