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IAC Inc. - IAC STOCK NEWS

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.

News

IAC Earnings Release and Letter to Shareholders Available on Company's Website

Rhea-AI Summary
IAC released its fourth-quarter financial results and a letter to shareholders, with a conference call scheduled to discuss both IAC and Angi Inc.'s performance. The call will feature Joey Levin, CEO of IAC and CEO/Chairman of Angi Inc., and Christopher Halpin, Executive VP, CFO, and COO of IAC.
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IAC TO ANNOUNCE Q4 2023 EARNINGS ON FEBRUARY 13th AND HOST EARNINGS CONFERENCE CALL ON FEBRUARY 14th

Rhea-AI Summary
IAC (NASDAQ: IAC) will release its fourth quarter results and CEO Joey Levin will publish a letter to shareholders on February 13, 2024. A conference call with Angi Inc. will be held the next day to discuss the results.
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2.34%
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Annual Care.com Report Reveals Rising Childcare Costs Deplete the Incomes and Savings of American Families

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Care.com's 2024 Cost of Care Report reveals that parents spend an average of 24% of their income on childcare, with nearly half spending over $18,000 in 2023. Despite a slight drop from the previous year, these costs are still more than three times the affordable limit. More than 35% of parents are dipping into their savings, exhausting 42% of their savings on childcare. The report also highlights the impact of the childcare cliff, with nearly 40% already paying more due to the loss of federal subsidies. Childcare costs are expected to increase in 2024, with 79% of parents anticipating an impact. The report also emphasizes the strain of waitlists and the demand for solutions from presidential candidates.
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Robotexts Jump to 19 Billion As 2023 Winds Down, According to Robokiller Insights

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Robokiller (RKIL) reports a 37% increase in robotexts and a 25% decrease in robocalls in December 2023. Scammers are targeting consumers through SMS, especially during the holiday season, with delivery messages increasing by 6% from November. Despite the decline in robocalls, losses continue to rise, with scammers using tactics like bank and debt collector scams to steal money.
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Robotexts Reach 13 Billion in November, According to Robokiller Insights

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Robokiller (RK) reports an 8% increase in robotexts to 13.9 billion and a 6% decrease in robocalls to 4.5 billion amid the holiday shopping season. Despite fewer spam texts, consumers spent 7.5% more on Black Friday. However, consumers have lost $65 billion to robocall scams in 2023, the same amount as in 2022.
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Care.com Appoints Bill Chase General Manager, Consumer

Rhea-AI Summary
Care.com (CRCM) appoints Bill Chase as General Manager, Consumer, overseeing strategic and sales operations for consumer services including childcare, senior care, pet care, home care, and more. CEO Brad Wilson highlights Chase's experience in subscription services and marketplaces. Chase brings a background in scaling consumer-facing organizations and a focus on consumer and service provider relationships, joining from Bellhop as Chief Growth and Chief Marketing Officer.
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IAC to Participate in the Barclays Global Technology Conference

Rhea-AI Summary
IAC (NASDAQ: IAC) will participate in the Barclays Global Technology Conference on Thursday, December 7, 2023. Christopher Halpin, Executive Vice President, CFO and COO of IAC will participate in a fireside chat at 8:40 a.m. PT. Both a live webcast and replay of the fireside chat will be available to the public in the IR section of IAC's website at https://ir.iac.com/events-and-presentations.
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Care.com and Stride Team Up to Provide Caregivers Access to Health Insurance and Other Benefits

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Care.com & Stride Health Join Forces to Provide Caregivers with Customizable Affordable Benefit Plans
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IAC to Participate in the 2023 RBC Capital Markets Global Technology, Internet, Media, Telecommunications Conference

Rhea-AI Summary
IAC (NASDAQ: IAC) to participate in 2023 RBC Capital Markets Global Technology, Internet, Media, Telecommunications Conference. Christopher Halpin, EVP, CFO, and COO to participate in fireside chat. Live webcast and replay available on IAC's website.
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Robotexts And Robocalls Spike In October, According to Robokiller Insights

Rhea-AI Summary
Robokiller Insights: Robotexts and Robocalls Surge in October, Scammers Target Holiday Shoppers and Use AI Voice Cloning
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FAQ

What is the current stock price of IAC (IAC)?

The current stock price of IAC (IAC) is $46.95 as of November 15, 2024.

What is the market cap of IAC (IAC)?

The market cap of IAC (IAC) is approximately 4.0B.

What is IAC Inc.?

IAC Inc. is a leading media and internet company with over 150 brands and products, operating globally and headquartered in New York City.

What are the major segments of IAC's business?

IAC's major business segments include Angi Inc., Dotdash Meredith, search, and emerging and other ventures.

Who are some of the well-known brands under IAC?

Notable brands include Ask.com, About.com, Match.com, HomeAdvisor, and Vimeo.

How frequently does IAC release its financial results?

IAC releases its financial results quarterly, providing detailed updates on its performance and strategic developments.

What recent strategic partnerships has IAC announced?

IAC recently partnered with Ben Sherwood and Joanna Coles to lead The Daily Beast and with OpenAI to integrate Dotdash Meredith's content with ChatGPT.

How does IAC's revenue distribution look?

Angi Inc. contributes 33%, Dotdash Meredith 39%, search 14%, and emerging and other ventures 14% to IAC's total revenue.

What is the significance of IAC spinning off Match Group and Vimeo?

The spin-offs of Match Group and Vimeo allowed IAC to focus on its core business areas while enabling these companies to grow independently.

What is Dotdash Meredith known for?

Dotdash Meredith is America's largest digital and print publisher, featuring iconic brands like PEOPLE, Better Homes & Gardens, and Investopedia.

Where is IAC headquartered?

IAC is headquartered in New York City with locations worldwide.

How can I access IAC's quarterly financial results?

IAC's quarterly financial results are available on the investor relations section of its website at https://ir.iac.com/quarterly-results.

Stock IAC logo
IAC Inc.

Nasdaq:IAC

IAC Rankings

#1438 Ranked by Market Cap
N/A Ranked by Dividends

IAC Stock Data

4.01B
80.33M
6.01%
99.05%
2.7%
Internet Content & Information
Services-computer Programming, Data Processing, Etc.
Link
United States of America
NEW YORK