NEW YORK, July 9, 2025 /PRNewswire/ -- After the close of market trading on Monday, August 4, 2025, IAC (NASDAQ: IAC) will post its second quarter results at https://ir.iac.com/quarterly-results. On Tuesday, August 5, 2025, at 8:30 a.m. ET, IAC will host a conference call to answer questions regarding the company's second quarter results.The live audiocast and replay will be open to the public through the investor relations section of the IAC site at https://ir.iac.com/quarterly-results.About IACIAC (NASDAQ ...

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Financial Data and Key Metrics Changes - The meeting confirmed the election of all 12 director nominees and the approval of executive compensation for 2024, along with the ratification of Ernst and Young LLP as auditors for 2025 [13]. Company Strategy and Development Direction and Industry Competition - The meeting focused on governance matters, including the election of board members and executive compensation, indicating a commitment to strong corporate governance practices [3][11]. Management Comments on Operating Environment and Future Outlook - There were no specific comments from management regarding the operating environment or future outlook during the meeting, as the Q&A session did not receive any questions [14]. Other Important Information - The annual meeting was conducted in accordance with established rules and procedures, and a quorum was confirmed for the voting process [8][12]. Summary of Q&A Session - No questions were received during the Q&A session, leading to its early conclusion [14].

NEW YORK, June 5, 2025 /PRNewswire/ -- IAC Inc. (NASDAQ: IAC) ("IAC") announced today that its wholly owned subsidiary, Dotdash Meredith Inc. ("DDM"), has agreed to sell $400 million aggregate principal amount of 7.625% senior secured notes due 2032 (the "Notes") in a private offering (the "Offering").  The Notes will bear interest at an interest rate of 7.625% per annum and will be issued at 100.00% of their face value.  DDM's obligations under the Notes will be guaranteed on a senior secured basis by cert ...

Financial Data and Key Metrics Changes - The company reported adjusted EBITDA guidance of $330 million to $350 million for the full year, with a trailing basis of $309 million [40][41] - Free cash flow conversion remains strong, with a minor amount of capital expenditures and working capital [41] - The company has a net credit facility of $1.2 billion to $1.4 billion and aims to deleverage below four times leverage by year-end [41] Business Line Data and Key Metrics Changes - Dotdash Meredith is the number one digital and print publisher in America, with over $1.8 billion in majority digital revenue [23] - The company has seen consistent digital revenue growth, reporting a 7% increase in the first quarter and guiding for 7% to 9% growth for Q2 [39][40] - Care.com has flat revenue over the last few years, but the company expects improvements with a new management team and better marketing strategies [47] Market Data and Key Metrics Changes - The company noted strength in premium direct advertising revenue, particularly in health and beauty sectors, while experiencing weakness in food and beverage and parts of retail [60] - Programmatic advertising prices have stabilized after initially rising, indicating a shift in market dynamics [60] - MGM Resorts is viewed as undervalued, trading at about 3.3 times the current value of its properties, with significant upside potential [44] Company Strategy and Development Direction - The company is focused on capital allocation, including stock buybacks and strategic acquisitions, while also considering opportunistic divestitures [18][54] - Management changes have been made to enhance execution and focus on free cash flow [15][16] - The company aims to unlock the perceived value of its private assets and reduce the discount at which its equity trades [13][14] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing a strong performance in direct premium advertising and a solid position heading into the latter part of the year [62] - The company anticipates some softness in Q2 and Q3 but expects relative strength in Q4, with no significant recession predicted [56] - Management highlighted the importance of resolving tariff issues to improve market conditions [62] Other Important Information - The company has a strong cash position with $900 million available at the holding company level [13] - The integration challenges faced by Dotdash Meredith have been addressed, leading to improved performance [10] - The company is actively exploring M&A opportunities across various stages and sectors, particularly in leisure, entertainment, and media [21] Q&A Session Summary Question: Can you walk through the macro environment regarding tariffs? - Management noted that there was strength in March, but volatility has since increased, with premium direct advertising remaining solid despite some weakness in other sectors [59][60] Question: Is there a path for IAC to take a controlling stake in Turo? - Management indicated that taking a controlling stake is not a priority, focusing instead on executing current opportunities [63] Question: Are there discussions with other large language model developers? - Management confirmed ongoing discussions with various developers, with OpenAI being the most advanced partner [64][65]

Group 1 - IAC will participate in the 53rd Annual TD Cowen Technology, Media and Telecom Conference on May 29, 2025, with CFO Christopher Halpin scheduled for a fireside chat at 9:05 a.m. ET [1] - A live audio webcast and replay of the fireside chat will be available to the public on IAC's investor relations website [1] Group 2 - IAC is a company that builds and evolves businesses, having emerged from a single seed over two decades ago into 10 independent, publicly traded companies [2] - The company is guided by principles of financially-disciplined opportunism and is currently comprised of category-leading businesses such as Dotdash Meredith and Care.com, along with strategic equity positions in MGM Resorts International and Turo Inc. [2] - IAC is headquartered in New York City [2]

Core Viewpoint - MGM International is considered a strong company with significant growth potential, currently trading at a bargain price [1] Group 1: Investment Perspective - The author identifies as a value investor focusing on special situations and small-cap companies, emphasizing a preference for long investment ideas [1] - The article reflects a belief in the strength of MGM as an investment opportunity, indicating a long position in the shares [1] Group 2: Background and Influences - The author's background is in engineering, with a transition to value investing influenced by notable figures such as Warren Buffett, Peter Lynch, and others [1] - The book "You Can Be a Stock Market Genius" by Joel Greenblatt has notably shifted the author's focus towards special situations and small-cap plays [1] Group 3: Engagement and Improvement - The author expresses a desire to connect with other investors and improve through feedback on their articles [1]

Summary of IAC FY Conference Call - May 14, 2025 Company Overview - **Company**: IAC - **Recent Changes**: Spun off ANGI, resulting in a new management structure with Chris Halpin as COO and CFO, and Barry Diller as Chairman and Senior Executive [3][5][6] Portfolio Composition - **Key Assets**: - Dotdash Meredith: Leading digital and print publisher with over $1 billion in digital revenue and $300 million in adjusted EBITDA [3][4] - 23% stake in MGM Resorts International, a major player in gaming [3][4] - Care.com: Leading online caregiver service [4] - 32% stake in Turo: Top car-sharing platform [4] - Vivien: Health care staffing platform [4] - Cash reserves of $900 million at IAC [4] Strategic Priorities Post-ANGI - **Focus Areas**: - **Execution**: Driving revenue growth and free cash flow across portfolio companies [9][10] - **Capital Allocation**: Share buybacks ($200 million so far), M&A opportunities, and strategic divestitures [10][11][12] - **Catalysts**: Pursuing actions that create shareholder value, such as the recent ANGI spin-off [12][13] Macro Environment Insights - **Current Economic Outlook**: Uncertainty exists, but no clear signs of an impending downturn; cautious optimism for Q4 [14][19] - **Advertising Trends**: Premium advertising remains strong, with some softness in specific categories [15][16] - **Consumer Spending**: Continued strength in performance marketing, with no significant signs of weakness [16][17] Dotdash Meredith (DDM) Insights - **Business State**: Strong performance with a diversified asset base and effective ad tech stack [20][21] - **Decipher Initiative**: A cookie-less targeting solution showing promising results, outperforming traditional methods [23][24][25] - **Direct-to-Consumer Strategy**: Transitioning traffic sources to enhance direct relationships with consumers [27][28][29] MGM Stake - **Investment Rationale**: MGM is viewed as a "forever asset" with significant embedded value; strong performance in both digital and physical assets [41][42][43] Care.com Performance - **Business Segments**: Strong growth in enterprise segment due to increased demand for backup care services; consumer segment facing challenges but expected to grow [44][45][48] Turo and Search Business - **Turo**: Leading car-sharing platform with significant growth potential; focus on increasing brand awareness [49][50][51] - **Search (Vivien)**: Stable performance with innovative use of AI in healthcare staffing [52][53] Capital Allocation Strategy - **Share Repurchase**: Ongoing buybacks and exploration of M&A opportunities, focusing on growth potential and strategic fit [54][55][56] - **Investment Philosophy**: Preference for control in acquisitions, with a focus on growth rather than short-term cash flow maximization [56][57] Future Outlook - **Strategic Clarity**: Enhanced focus on capital allocation and value creation for shareholders [58][59] - **Decipher's Potential**: Belief in the competitive advantage of Decipher as a transformative tool for advertising [60][61]

Core Insights - The future of entertainment is expected to be free for consumers, with a focus on diversity in storytelling and audience tastes, moving away from traditional Hollywood norms [2][3] - Competition in the media landscape should not dictate strategy; companies should leverage their strengths and focus on unique value propositions [5][6][9] Company Overview - Anjali Sud became CEO of Vimeo at 33 and took the company public in 2021; she is now leading Fox Corp.'s Tubi, which has seen rapid growth, reaching nearly 100 million monthly active users [3] - Tubi hosted the Super Bowl, marking a significant streaming event, showcasing its growing influence in the streaming market [3] Industry Trends - The need for more tools and space for creators is driving business strategies, with a focus on enabling diverse creators to produce high-quality content [6][7] - Understanding customer needs is fundamental for developing successful business strategies [8] Leadership Philosophy - Companies should prioritize internal debate and encourage dissenting views to foster innovation [12][13] - A balance between urgency in execution and patience in vision is essential for long-term success [15] Personal Insights from Leadership - Imposter syndrome is a common experience for CEOs, and embracing authenticity can enhance leadership effectiveness [16][18] - The importance of sleep as a key factor in maintaining productivity and managing work-life balance is emphasized [20][21] Gender and Leadership - Sud aims to create opportunities for women in leadership roles, reflecting on her own experiences as a young female CEO [22]

Company Overview - IAC (NASDAQ: IAC) is a company that builds and evolves businesses, driven by curiosity and a desire to innovate or acquire new products and brands [2] - Over two decades, IAC has developed into a conglomerate with 10 independent, publicly traded companies and a legacy of exceptional leadership [2] - The company maintains a principle of financially-disciplined opportunism and is currently comprised of leading businesses such as Dotdash Meredith (DDM) and Care.com, along with strategic equity positions in MGM Resorts International and Turo Inc. [2] Upcoming Events - IAC will participate in the 53rd Annual J.P. Morgan Global Technology, Media and Communications Conference on May 14, 2025 [1] - Christopher Halpin, Executive Vice President, COO and CFO of IAC, is scheduled to present at 9:20 a.m. ET [1] - A live audio webcast and replay of the presentation will be accessible to the public on IAC's investor relations website [1]