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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.

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Vivian Health has announced the appointment of Adam Greenberg as Chief Financial Officer and Ved Sinha as Chief Product Officer, aiming to drive growth following a successful 2022 where it served over one million clinicians.

Greenberg brings extensive experience from roles at Roofstock and Weight Watchers, intending to enhance financial operations. Sinha, with a background in product management from Robert Half and Upwork, will focus on product and marketplace solutions.

Founded in 2017 and acquired by IAC in 2019, Vivian Health experienced significant growth in revenue and job placements last year, strengthening its position in the national healthcare job market.

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Match Group (NASDAQ: MTCH) announced its participation in the New Street Research Online Dating Summit on March 14, 2023. Key speakers include Faye Iosotaluno, COO of Tinder, and Mark Van Ryswyk, CPO of Tinder, at 10:55 a.m. ET, followed by Bernard Kim, CEO of Match Group, and Gary Swidler, President and CFO, at 2:25 p.m. ET. Live webcasts and replays will be available on Match Group's investor relations website. Match Group operates leading platforms for digital connections worldwide, including Tinder, Hinge, and OkCupid, catering to diverse user preferences in over 40 languages.

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Match Group's Chispa, the leading dating app for Latine singles, has launched an Advocacy Council aimed at addressing key issues affecting the Latine community. Comprising influential members from media, activism, and education, the Council will serve as a platform to facilitate discussions on mental health, finance, education, immigration, and equality, among other areas. Chispa's Head of Brand and Marketing, Julia Estacolchic, emphasizes the importance of this initiative in creating a safe and inclusive environment for Latine singles. With over 7 million downloads, Chispa continues to enhance its role as a community advocate.

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Vivian Health, a leading healthcare jobs marketplace under IAC, has surpassed one million clinicians using its platform for employment opportunities. This milestone follows a remarkable growth trajectory, with revenue doubling in 2022. CEO Parth Bhakta emphasized the company's mission to streamline job searches for healthcare professionals, leveraging technology for efficient employer-employee matching. Vivian's platform includes features like unbiased reviews, intelligent job matching, and a one-click application process. For employers, it promises faster hiring and significant cost savings compared to traditional methods.

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On February 23, 2023, a survey commissioned by Plenty of Fish revealed that 93% of singles believe self-improvement enhances their chances of finding lasting relationships. Conducted by OnePoll, 60% of respondents are focused on personal development, with 66% of men and 55% of women actively pursuing self-betterment. The survey highlights that 73% of men acknowledge their role in previous relationship failures. Furthermore, 77% of singles feel self-improvement benefits various life aspects, including dating, with methods such as therapy (41% men, 33% women) and exercise (37%) being popular. This research aims to promote healthier dating behaviors.

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Match Group (NASDAQ: MTCH) announced that Justin McLeod, CEO of Hinge, and Tanny Shelburne, SVP of Investor Relations, will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference on March 6, 2023, at 4:30 p.m. ET. The event will be accessible via a live webcast, and a replay will be available afterward at Match Group Events. Match Group provides a variety of online dating services through brands like Tinder, Hinge, and OkCupid, catering to users globally in over 40 languages.

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IAC (NASDAQ: IAC) will participate in the 31st Annual Deutsche Bank Media, Internet & Telecom Conference on February 28, 2023. Christopher Halpin, IAC's Executive Vice President, CFO, and COO, will engage in a fireside chat at 4:20 p.m. ET. This event is significant for investors and industry watchers as it provides insights into IAC's strategy and performance. A live webcast and replay will be available on IAC's Investor Relations website, ensuring wide accessibility to stakeholders. IAC continues to evolve as a company focused on building and acquiring category-leading businesses, including Angi Inc. (NASDAQ: ANGI).

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IAC (NASDAQ: IAC) released its fourth quarter financial results on February 13, 2023, alongside a letter to shareholders and an Angi Inc. earnings deck. The conference call to discuss these results will occur on February 14, 2023, at 8:30 a.m. ET, featuring CEO Joey Levin and CFO Christopher Halpin. IAC focuses on building and acquiring market-leading companies across various sectors, including Angi Inc. and Dotdash Meredith. This strategic approach has led to the emergence of 11 public companies, showcasing their commitment to financial discipline and innovation.

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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.

IAC Inc.

Nasdaq:IAC

IAC Rankings

IAC Stock Data

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