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.
Match Group (NASDAQ: MTCH) will host a webcast to discuss its Q1 2023 financial results on May 3, 2023, at 8:30 a.m. ET. The results will be published after market close on May 2, 2023, along with investor materials possibly containing forward-looking information. The webcast can be accessed publicly via Match Group's investor relations page.
Match Group specializes in digital technologies to facilitate meaningful connections through its portfolio brands, including Tinder, Hinge, and OkCupid, and operates in over 40 languages globally.
IAC (NASDAQ: IAC) will announce its first quarter results for 2023 after the market closes on May 9, 2023. Following the earnings release, CEO Joey Levin will share a letter to shareholders, potentially containing forward-looking insights. A conference call addressing the results will take place on May 10, 2023, at 8:30 a.m. ET, which will include representatives from IAC and Angi Inc. (NASDAQ: ANGI). The call will be accessible to the public through IAC's investor relations website. This announcement continues IAC's commitment to transparency and engagement with its investors.
IAC has completed an $80 million cash acquisition of the land beneath its New York City headquarters at 555 West 18th Street. This strategic move consolidates ownership of a landmark building designed by architect Frank Gehry and is part of IAC's commitment to the evolving Chelsea area. Chairman Barry Diller emphasized the building's role in fostering creativity and collaboration amidst Chelsea's transformation. The acquisition was facilitated by Institutional Property Advisors, a division of Marcus & Millichap, highlighting the importance of this iconic property in IAC's portfolio. The company, known for building category-leading businesses, aims to evolve while adhering to its principles of financially disciplined opportunism.
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