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) 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.
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).
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.
Match Group (NASDAQ: MTCH) released its fourth quarter 2022 shareholder letter on January 31, 2023. The company will host a conference call on February 1, 2023, at 8:30 a.m. ET to discuss its results. The letter is available on their investor relations website. Match Group is a leader in digital technologies for meaningful connections, operating well-known brands such as Tinder, Hinge, and OkCupid. The services cater to a global audience in over 40 languages.
Match Group (NASDAQ: MTCH) has announced significant changes to its executive leadership team under CEO Bernard Kim. Gary Swidler has been named President and continues as CFO, enhancing operational efficiency. Will Wu joins as Chief Technology Officer, aimed at driving innovation across key brands like Tinder and Hinge. Malgosia Green takes charge as CEO of Match Group Asia, focusing on growth in the region. Hesam Hosseini becomes CEO of Evergreen & Emerging Brands. The reshuffle is designed to streamline operations, boost profitability, and explore new business opportunities.
Chispa, the premier dating app for US Latinos, conducted a pioneering study analyzing the concerns of college-aged Hispanic Gen Zs. The research indicates that 75% of respondents are now more cautious with their finances, influenced by rising costs and mental health pressures. Additionally, 66% express concerns over future access to reproductive services post Roe v. Wade repeal, with 72% uncertain about the nation's direction. Notably, 72% report meeting partners online, surpassing traditional venues. The study aims to highlight changing cultural norms and the economic realities facing this demographic, which comprises a growing share of college enrollments.
IAC (NASDAQ: IAC) has released its monthly metrics for December 2022, available on its investor relations website. The company emphasizes a commitment to building businesses with a focus on innovation and financial discipline. IAC has evolved from a single entity to a portfolio of 11 public companies, including Angi Inc. (NASDAQ: ANGI), enhancing its market presence across various sectors. The press release highlights the company's long-standing principles while showcasing its diverse business operations.
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