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) 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.
IAC (NASDAQ: IAC) released its monthly metrics for November 2022, detailing performance in their investor relations section. The company emphasizes its commitment to innovation and growth, having evolved into 11 public companies and featuring leading businesses such as Angi Inc. (NASDAQ: ANGI) and Dotdash Meredith. IAC remains focused on financially disciplined opportunism to support its wide range of businesses from early-stage to established. The update highlights IAC's ongoing evolution and operational footprint across various sectors.
IAC (NASDAQ: IAC) will join the Barclays Global Technology, Media and Telecommunications Conference on December 8, 2022. Chief Financial Officer Christopher Halpin is set to participate in a fireside chat at 10:25 a.m. PT. The session will be accessible via a live webcast and replay on IAC's investor relations website. IAC, based in New York City, is known for building leading companies including Angi Inc. (NASDAQ: ANGI) and Dotdash Meredith.
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