New integration connects Vivian, the largest healthcare talent marketplace, with Hallmark’s Workforce Intelligence and Enablement Platform-streamlining travel nurse and allied health clinician placements. SAN FRANCISCO, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Vivian Health, the largest online marketplace for healthcare talent serving more than 2.5 million clinicians, and Hallmark Health Care Solutions, Inc., the leader in workforce intelligence and enablement, today announced a strategic partnership designed to t ...

Core Points - IAC will release its third quarter results after market close on November 3, 2025, and will host a conference call on November 4, 2025, at 8:30 a.m. ET to discuss these results [1] - The conference call will feature key executives including Barry Diller, Christopher Halpin, and Neil Vogel [1] - The live audiocast and replay of the conference call will be accessible to the public through IAC's investor relations website [2] Company Overview - IAC is a company that builds and acquires businesses, driven by curiosity and a desire to innovate [2] - Over nearly three decades, IAC has evolved into 10 independent, publicly-traded companies and has developed a strong leadership team [2] - IAC's current portfolio includes category-leading businesses such as People Inc. and Care.com, along with strategic equity positions in MGM Resorts International and Turo Inc. [2]

Core Insights - IAC has been actively participating in industry conferences, showcasing its commitment to investor relations and transparency [1] Company Overview - Christopher Halpin serves as the Executive Vice President, Chief Operating Officer, and Chief Financial Officer of IAC, overseeing various functions including Corporate Finance, Accounting, M&A, and Investor Relations [4] - The company emphasizes the importance of its day-to-day operations and execution across its business segments [4] Financial Disclosures - Discussions may include forward-looking statements that reflect the company's current views and expectations, with actual outcomes potentially differing due to various risks and uncertainties [2] - The company may reference non-GAAP measures such as adjusted EBITDA, with reconciliations available in its earnings materials and SEC filings [3]

IAC Conference Call Summary Company Overview - **Company**: IAC (NasdaqGS:IAC) - **Date**: September 09, 2025 - **Key Speaker**: Christopher Halpin, CFO Key Points Company Structure and Financial Position - IAC is a holding company with five consolidated businesses: People Inc. (formerly Dotdash Meredith), Care.com, Vivian (healthcare staffing marketplace), a search business, and The Daily Beast [9] - IAC holds significant minority stakes: 24% in MGM Resorts and 32% in Turo [9] - The company has approximately $830 million in cash at the parent level with no debt, indicating strong financial flexibility [9] Capital Allocation Strategy - IAC is focused on balancing capital return to shareholders and pursuing M&A opportunities [11] - The company repurchased $200 million worth of shares, approximately 4.5% of its total shares, between February and April 2025 [12] - IAC is disciplined in its M&A approach, seeking opportunities that will create equity value [15][16] Market Environment and M&A Considerations - The current public market is at all-time highs, and private market valuations are elevated, impacting M&A activity [15] - IAC is cautious about the pricing environment for acquisitions, emphasizing the need for clear economic visibility [16] Rebranding Strategy - The rebranding from Dotdash Meredith to People Inc. aims to strengthen the brand's presence in the media landscape, leveraging the established People brand [20][21] Search Business and Traffic Diversification - IAC has reduced its dependence on Google Search, which accounted for 65% of traffic at the time of the Meredith and Dotdash merger, down to 28% [23][24] - The company is focusing on diversifying traffic sources, including direct relationships with consumers and off-platform views through aggregators like Apple News [24][25] Digital Revenue and Growth Projections - Digital revenue is projected to grow by 7% to 9% in Q3 2025 and 7% to 10% for the full year, with digital adjusted EBITDA margins expected to be between 25% and 28% [32][33] - The company is experiencing challenges with on-platform traffic but expects off-platform engagement and performance marketing to drive growth [33] Consumer Behavior Insights - There is a notable disparity in consumer behavior across income levels, with high-income consumers performing well while low-income consumers face challenges [35] - The advertising landscape shows strength in sectors like pharma and tech, while retail and beauty are experiencing softness [37] Care.com Turnaround Efforts - Care.com is undergoing a turnaround with improvements in product and consumer experience, leading to increased signups and retention [39][40] Non-Control Stakes in MGM and Turo - IAC views its 24% stake in MGM as undervalued, with strong market positioning and growth potential in digital and international markets [42] - Turo, with a 32% stake, is positioned as a market leader in car sharing, focusing on increasing brand awareness and user engagement [44] AI Integration Strategy - IAC is actively exploring AI applications across its businesses to enhance productivity and customer experience [46][49] - The company is leveraging AI for customer service and operational efficiencies, with positive results in conversion rates [49] Strategic Priorities - IAC's strategic priorities include executing across its businesses, driving revenue growth, maintaining unit economics, and exploring capital allocation opportunities [51] Conclusion - IAC is focused on unlocking value through disciplined capital allocation, strategic M&A, and leveraging its diverse portfolio to navigate the current market environment while enhancing its digital presence and operational efficiencies.

Summary of IAC FY Conference Call - August 13, 2025 Company Overview - **Company**: IAC (InterActiveCorp) - **Key Businesses**: - People Inc (formerly Dotdash Meredith) - Care.com - Vivien Health (healthcare staffing) - The Daily Beast - Search business - **Financial Position**: $900 million in cash at the parent level with no debt at the parent level, although there is debt at People Inc which was refinanced attractively in June [10][11][12] Rebranding and Digital Transition - **Rebranding**: Transition from Dotdash Meredith to People Inc aimed at simplifying the brand for better recognition and marketability [5][6][13][15] - **Digital Focus**: The company is transitioning from print to digital, with a significant reduction in print publications from 12-13 to 7 over three years. The print business is maintained for branding and cash flow purposes [18][19][20] - **Digital Revenue**: 64% of the company's digital revenue comes from owned and operated (O&O) websites, with a focus on diversifying traffic sources beyond Google [25][28] Growth and Future Opportunities - **Long-term Goals**: Targeting 10% digital growth, with potential upside through new brands and leveraging consumer data [31][33] - **Decipher Tool**: An ad targeting tool that utilizes first-party data to enhance advertising effectiveness, potentially increasing the total addressable market (TAM) for ad sales [33][82] - **Care.com Growth**: Aiming for 10-20% growth in the consumer segment by improving product offerings and marketing strategies [94][97] Advertising Market Insights - **Market Conditions**: The advertising market is described as "good, not great," with sector-specific performance. Health and pharma are solid, while CPG and food and beverage sectors are facing challenges [68][71] - **Programmatic Advertising**: Programmatic revenue accounts for about 25-30% of total digital revenue, with recent improvements noted in pricing and demand [75][77] Strategic Partnerships and Licensing - **LLM Licensing**: The company is exploring licensing deals with LLM (Large Language Model) providers, emphasizing the need for high-quality content and potential economic arrangements [39][41] - **Cloudflare Partnership**: A partnership aimed at blocking LLM crawlers, except for OpenAI, has led to increased discussions with other LLM providers about accessing content [40] Financial Management and Shareholder Value - **Share Repurchases**: The company has been cautious with share buybacks, having repurchased $200 million worth of stock earlier in the year, while also considering M&A opportunities [58][59] - **Corporate Overhead**: Targeting a reduction in corporate overhead expenses, aiming for a run rate of $80-90 million by year-end [63][65] Key Business Segments - **Vivien Health**: Positioned as a strategic asset in healthcare staffing with a marketplace model connecting nurses and healthcare systems, currently generating mid-eight figures in revenue [99][100] - **Care.com**: Focused on stabilizing and growing the consumer segment after a decline in subscribers, with a new CEO implementing product improvements [96][97] Conclusion - The company is optimistic about its future growth prospects, leveraging its strong brand portfolio and digital capabilities to navigate the evolving media landscape [36][56]

Group 1 - IAC will participate in the Oppenheimer 28th Annual Technology, Internet & Communications Conference on August 13, 2025, featuring a fireside chat with key executives [1] - Christopher Halpin, Executive Vice President, COO and CFO of IAC, and Neil Vogel, CEO of People Inc., will be the speakers at the event [1] - The fireside chat will be available for live webcast and replay on IAC's investor relations website [1] Group 2 - IAC is a company that builds and evolves businesses, guided by curiosity and a desire to innovate or acquire new products and brands [2] - The company has developed into 10 independent, publicly-traded companies and has a history of financially-disciplined opportunism [2] - IAC's current portfolio includes category-leading businesses such as People Inc. and Care.com, along with strategic equity positions in MGM Resorts International and Turo Inc. [2]

Financial Data and Key Metrics Changes - People Inc achieved a 9% digital revenue growth in Q2, up from 7% in Q1, marking a return to core sessions growth [6][9] - Consolidated IAC adjusted EBITDA increased by 15% in the quarter, with guidance for full-year EBITDA set between $247 million and $285 million [9][45] - The refinancing of $1.4 billion in debt at People Inc was completed, replacing the original acquisition capital structure with new bank debt and bonds [6] Business Line Data and Key Metrics Changes - MGM reported a 36% net revenue growth in Q2, with increased guidance for the full year to at least $2.7 billion in revenue and at least $150 million in EBITDA [8] - Care.com has seen a divergence in performance, with enterprise business growing solidly while consumer revenue has declined from pandemic highs [41][42] - Digital margins for People Inc reached just under 29% in FY 2024, with Q2 digital EBITDA flat year-over-year at $63 million despite a 9% revenue growth [37][38] Market Data and Key Metrics Changes - The percentage of traffic from Google has decreased from 52% to 28%, while non-Google search sessions have increased at a 29% CAGR [32][33] - Approximately 36% of digital revenue now comes from off-platform sources, indicating a shift in revenue generation strategies [30][31] Company Strategy and Development Direction - The rebranding to People Inc aims to reflect the company's focus on premium content created by people for people, emphasizing the importance of human expertise [11][14] - The company is actively pursuing M&A opportunities and exploring strategic divestitures to bolster cash balances [10][69] - A focus on diversifying audience sources and reducing reliance on Google traffic is central to the company's strategy, with investments in email, events, and syndication businesses [24][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving revenue goals despite challenges posed by AI and changes in Google's search algorithms [21][32] - The company anticipates continued growth in off-platform audiences and improved monetization, guiding for 7% to 9% digital revenue growth in Q3 [58] - Management acknowledged the need to optimize the matching process on Care.com to drive growth in both consumer and enterprise segments [90][91] Other Important Information - The company has maintained guidance for Care.com at $45 million to $55 million, while corporate run rate costs have been reduced to $110 million to $115 million [46] - The company is exploring new pricing and packaging strategies to better meet consumer needs in the care marketplace [90] Q&A Session Summary Question: Can you elaborate on the trajectory of sessions, including Google Search and off-platform views? - Management expects O&O sessions to be slightly down in Q3 due to tough comps but anticipates flat to slightly up growth going forward, with off-platform growth continuing [50][51] Question: Can you provide insights on the 2Q PeopleLink digital revenue? - Digital advertising grew 5% in Q2, with strong performance in performance marketing and licensing, while core sessions growth was 2% [55][56] Question: Why is the new brand name People Inc the right choice? - The name reflects the company's goal of achieving platform scale with premium branded environments, resonating well with clients and employees [64][66] Question: What is the current state of the M&A landscape? - The company is actively pursuing both small and large acquisition opportunities, focusing on creative and defensible businesses [69][70] Question: What factors need to change for Care.com to grow faster? - The company needs to drive consumer demand and improve the matching process between care seekers and providers, while expanding into senior and pet care markets [90][91]

Financial Data and Key Metrics Changes - IAC reported a 15% increase in adjusted EBITDA for the quarter, with guidance for full-year EBITDA set between $247 million and $285 million [7][44] - Digital revenue growth accelerated to 9% in Q2, up from 7% in Q1, marking a return to core sessions growth [5][45] - The refinancing of $1.4 billion in debt at People Inc. was completed, replacing the original acquisition capital structure with new bank debt and bonds at attractive pricing [5] Business Line Data and Key Metrics Changes - People Inc. achieved 9% digital revenue growth, with core sessions growth returning despite macro volatility [5] - MGM reported a 36% net revenue growth in Q2, with increased full-year revenue guidance to at least $2.7 billion [6] - Care.com is seeing promising signs of growth in engagement metrics following a product and brand revitalization [7][42] Market Data and Key Metrics Changes - The percentage of traffic from Google has decreased from 52% to 28%, while overall sessions have increased [31][27] - Off-platform views have become a significant revenue source, contributing to approximately one-third of digital revenue [28][29] - The digital margins for People Inc. reached just under 29% in FY 2024, with expectations for continued growth in adjusted EBITDA margins [36] Company Strategy and Development Direction - The rebranding to People Inc. aims to reflect the company's focus on premium content created by people for people, enhancing its market positioning [10][66] - The company is actively pursuing M&A opportunities and exploring strategic divestitures to bolster its cash balance [9][68] - A focus on diversifying audience sources and reducing reliance on Google traffic is central to the company's strategy [23][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to maintain growth despite challenges posed by AI and changes in Google’s search algorithms [77][78] - The company anticipates continued growth in off-platform audiences and improved monetization strategies [49][56] - Management remains optimistic about the long-term revenue growth target of 10% for digital revenue, driven by various initiatives [95] Other Important Information - Care.com has relaunched its platform, enhancing user experience and aiming to drive consumer engagement [41][42] - The company is focusing on optimizing its product offerings and marketing strategies to capture a larger share of the addressable market [88][90] Q&A Session Summary Question: Can you elaborate on the trajectory of sessions, including Google Search and off-platform views? - Management expects O&O sessions to be flat to slightly up in the future, with continued growth in off-platform views [48][49] Question: What are the factors affecting the 2Q PeopleLink digital revenue? - Digital advertising grew 5%, with strong performance in performance marketing and licensing, despite some challenges in core sessions [53][54] Question: What is the current penetration of Google AI reviews? - AI reviews are present in approximately 50% to 55% of searches where the company's content appears [75] Question: What is the outlook for M&A opportunities? - The company is actively evaluating both public and private opportunities, focusing on quality defensible businesses and AI applications [68][70] Question: What factors need to be addressed for Care.com to grow faster? - The company needs to improve product experience, expand pricing and packaging options, and enhance matching capabilities between care seekers and providers [88][90]

Financial Performance & Guidance - IAC's consolidated Adjusted EBITDA grew by 15% [8] - Full-year 2025 Adjusted EBITDA guidance is between $247 million and $285 million [8] - People Inc expects Q3 2025 Digital revenue growth of 7%-9% and total Adjusted EBITDA between $68 million and $73 million [54] - For FY 2025, People Inc expects Digital revenue growth between 7%-10% [54] People Inc (Formerly Dotdash Meredith) - Digital revenue growth accelerated to 9% [8] - Digital Adjusted EBITDA margin was 24% in Q2 2025 [32] - People Inc's Digital revenue for Q2 2025 was $260 million [32] - People Inc's Digital Adjusted EBITDA for Q2 2025 was $63 million [32] Care.com - Care.com's revenue for the last twelve months ending June 30, 2025, was $360 million [46] - Care.com's Adjusted EBITDA for the last twelve months ending June 30, 2025, was $46 million [46] - Care.com expects revenue declines of 4%-7% in Q3 [54]

Core Insights - IAC reported a revenue of $586.93 million for the quarter ended June 2025, marking a year-over-year decline of 38.2% and a surprise of -2.53% compared to the Zacks Consensus Estimate of $602.19 million [1] - The earnings per share (EPS) for the same period was $2.57, a significant increase from $0.01 a year ago, resulting in an EPS surprise of +956.67% against a consensus estimate of -$0.30 [1] Revenue Performance - Revenue from Emerging & Other was $15.9 million, slightly above the average estimate of $14.96 million, but represented a year-over-year decline of 85.2% [4] - Search revenue totaled $61.7 million, below the average estimate of $77.09 million, reflecting a year-over-year decrease of 39.4% [4] - Care.com revenue was reported at $82 million, closely matching the estimated $82.06 million [4] - Desktop Search revenue was $10.2 million, falling short of the average estimate of $13.11 million, with a year-over-year decline of 41.7% [4] - Ask Media Group Search revenue was $51.4 million, compared to the average estimate of $64.18 million, indicating a year-over-year change of -39% [4] - Intersegment eliminations reported $0 million, contrasting with the average estimate of -$0.29 million, representing a 100% year-over-year change [4] Adjusted EBITDA - Adjusted EBITDA for Care.com was $5.8 million, exceeding the average estimate of $4.15 million [4] - Corporate Adjusted EBITDA was reported at -$22.8 million, better than the average estimate of -$25.22 million [4] - Adjusted EBITDA for Emerging & Other was -$6.3 million, slightly better than the average estimate of -$6.93 million [4] - Search Adjusted EBITDA was $5.1 million, surpassing the average estimate of $4.54 million [4] Stock Performance - IAC shares returned +0.1% over the past month, while the Zacks S&P 500 composite increased by +0.6% [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3]