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.
IAC (NASDAQ: IAC) released its third quarter financial results and shareholders' letter on November 8, 2022. A conference call is scheduled for November 9, 2022, at 8:30 a.m. ET, featuring CEO Joey Levin and CFO Christopher Halpin. The audiocast will be accessible to the public via IAC's investor relations website. IAC is known for developing companies like Angi Inc. and Dotdash Meredith, maintaining a focus on innovation and disciplined financial practices.
RoboKiller Enterprise has launched a new spam-call-free™ protection suite aimed at businesses, featuring easy setup, audio-fingerprinting technology, and access to a database of over 1.5 billion spam numbers. This offering can block up to 99.9% of spam calls and has already prevented more than $400 million in fraud losses. The product will be showcased at the Cloud Comms Summit on October 18-19 in Chicago. RoboKiller Enterprise complies with STIR/SHAKEN regulations to help businesses mitigate robocall threats.
IAC (NASDAQ: IAC) is set to release its third-quarter results on November 8, 2022, post-market close. CEO Joey Levin will also share a letter to shareholders, potentially including forward-looking insights. A conference call with IAC and Angi Inc. (NASDAQ: ANGI) will follow on November 9, 2022, at 8:30 a.m. ET, to discuss the results. The event will be accessible to the public through IAC's investor relations webpage.
IAC has released its monthly metrics for September 2022, now accessible on its investor relations website. The report highlights the company's commitment to evolving through innovation and acquisition while maintaining disciplined financial strategies. IAC has successfully spawned 11 public companies over two decades, including its notable subsidiary, Angi Inc. (NASDAQ: ANGI). IAC's portfolio comprises leading businesses like Dotdash Meredith and Care.com, reflecting its diverse investments in both early-stage and established markets.
On September 27, 2022, RoboKiller Enterprise announced the launch of its Command API, enhancing its FCC-compliant solutions to block robotexts in addition to robocalls. This integrates AI and machine learning, achieving a 99% elimination of risky messages. The service protects against over 600 million known scam numbers, crucial for businesses facing SMS scams. With a focus on compliance and efficiency, RoboKiller aims to simplify spam management and bolster security for organizations.
Vivian Health, an IAC company, announced a partnership with Lume, a banking platform for healthcare professionals. This collaboration aims to develop new banking and financial services for over 800,000 registered clinicians on Vivian's platform. Lume's co-founders will join Vivian to enhance product and engineering efforts. This partnership follows a recent $60 million equity investment from Thoma Bravo and others to further accelerate Vivian's growth. The initiative is designed to create a more supportive financial environment for healthcare workers amid ongoing industry challenges.
Dotdash Meredith, a subsidiary of IAC (NASDAQ: IAC), will participate in the Truist Securities Internet Growth Summit on September 16, 2022. Neil Vogel, CEO of Dotdash Meredith, is set to engage in a fireside chat at 10:30 a.m. ET. The discussion will be available for public viewing via live stream at IAC's investor relations website. A replay will also be accessible later on the same platform.
Dotdash Meredith is recognized as the largest digital and print publisher in the U.S., with a diverse portfolio of iconic brands.
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