Board Appointments - Warner Bros Discovery has appointed Anthony Noto and Joey Levin to its board of directors, increasing the board size to 13 members [1] - Anthony Noto joined the board on January 8, while Joey Levin will join on February 1, with both standing for election at the company's annual meeting [1] Executive Backgrounds - Anthony Noto is the CEO of SoFi Technologies and previously held executive roles at Twitter (now X) for four years following its IPO, where he served as lead banker for the transaction as co-head of Global TMT Investment Banking at Goldman Sachs [3] - Noto also served as CFO of the National Football League [3] - Joey Levin has over two decades of experience at IAC, holding roles of increasing seniority across mergers & acquisitions, operations, and business management teams, overseeing growth, acquisitions, and spin-offs including Match Group and Vimeo [4] Strategic Value - WBD CEO David Zaslav stated that both new board members bring valuable insights and expertise, with considerable experience in relevant industries and exceptional track records of driving growth, innovation, and shareholder value [2] - The appointments are expected to support the company's strategic and operational objectives to realize the full potential of Warner Bros Discovery [2]

Barry Diller's IAC said Monday that its board approved the spinoff of Angi, the home improvement marketplace the company acquired in 2017.IAC said it expects the transaction to close in the second quarter of the year. The two companies will post their respective fourth-quarter results when IAC reports on Feb. 11. Angi was founded in 1995 as Angie's List, which went public on the Nasdaq in 2011.As part of the spinoff, IAC CEO Joey Levin will leave his role and become an advisor to the company. Levin will als ...

Leadership and Organizational Changes - Joey Levin will transition from IAC CEO to Executive Chairman of Angi, partnering with Angi CEO Jeff Kip to lead the company's next phase as an independent entity [1][2] - IAC will not appoint a new CEO after Levin's transition, with CFO & COO Christopher Halpin and Chief Legal Officer Kendall Handler reporting directly to Barry Diller, IAC's Senior Executive and Chairman [9] - The leadership reorganization is part of IAC's broader strategy to evolve and focus on its portfolio and new growth opportunities [2] Spin-off Details and Benefits - IAC plans to spin off its full stake in Angi to IAC shareholders, making Angi a fully independent company [1] - The spin-off is expected to be tax-free and will eliminate Angi's dual-class structure, with IAC shareholders receiving one share/one vote common stock of Angi [2] - Angi will benefit from a more attractive equity currency for growth through M&A, capital formation, and talent acquisition, while IAC will focus on its broader portfolio and new opportunities [2] Financial and Strategic Outlook - IAC and Angi reaffirmed prior financial expectations for Q4 2024 [5] - Both companies are expected to benefit from the spin-off by allocating resources to meet their unique business needs and implementing optimal capital structures [2] - Angi aims to expand its pre-priced offerings and balance service requests and directory services on its platforms [3] Industry and Market Context - Angi has helped over 150 million homeowners and hundreds of thousands of small local businesses grow, with a nationwide network of skilled home professionals [4] - IAC's portfolio includes category-leading businesses like Angi, Dotdash Meredith, and Care.com, reflecting its strategy of financially-disciplined opportunism [7] Upcoming Events - IAC and Angi will release their Q4 2024 results on February 11, 2025, followed by a conference call on February 12, 2025, to discuss the results [10]

Leadership and Strategic Changes - Charlotte Triggs has been appointed as the first-ever GM and Editor-in-Chief of the PEOPLE Group at Dotdash Meredith, effective immediately [1] - Triggs will oversee all platforms and content operations for digital and print, succeeding Wendy Naugle, who is leaving after five years [1] - Triggs has a 20-year tenure at PEOPLE, having held roles such as editorial intern, cover writer, TV editor, podcast producer, and news director [2] Company and Brand Overview - Dotdash Meredith is the largest digital and print publisher in America, with nearly 200 million monthly users and over 40 iconic brands, including PEOPLE [3] - PEOPLE, launched in 1974, is a leading entertainment news brand with over 100 million consumers across print, digital, video, podcasts, and social media [4] - The PEOPLE/Entertainment Weekly Digital Network is ranked No 1 in the entertainment news category by ComScore [4] Future Vision and Growth - Triggs emphasizes the importance of merging classic offerings with innovative content consumption and interactivity to shape the future of the PEOPLE brand [3] - The PEOPLE brand has experienced explosive growth in recent years, driven by its digital breaking news and iconic weekly magazine [2]

IAC (NASDAQ: IAC ) reported earnings today together with Angi ( ANGI ) as they usually do. As noted in our last coverage , the OpenAI deal and also the Apple News partnership seems to have kicked in, andThey lead the investing group The Value Lab where they offer members a portfolio with real time updates, chat to answer questions 24/7, regular global market news reports, feedback on member stock ideas, new trades monthly, quarterly earnings write-ups, and daily macro opinions.The Valkyrie Trading Society i ...

IAC Inc. (NASDAQ:IAC) Q3 2024 Earnings Call Transcript November 12, 2024 8:30 AM ET Company Participants Christopher Halpin - EVP, CFO & COO Joey Levin - CEO Jeff Kipp - CEO and Director, Angi Inc. Conference Call Participants Cory Carpenter - JP Morgan Jason Helfstein - Oppenheimer John Blackledge - TD Cowen Eric Sheridan - Goldman Sachs Ross Sandler - Barclays Daniel Kurnos - The Benchmark Company Tom Champion - Piper Sandler Youssef Squali - Truist Yugal Arouninan - Citigroup Nick Jones - Citizens JMP Op ...

Table of Contents As filed with the Securities and Exchange Commission on November 12, 2024 | --- | |---------------------------------------------------------------------------------| | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 | | FORM 10-Q | ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For ...

Page 1 of 18 https://files.report IAC REPORTS Q3 2024 IAC considering a spin-of of Angi Dotdash Meredith Digital revenue growth of 16% Total IAC Q3 operating income improves $49 million to $16 million Total IAC Q3 Adjusted EBITDA improves 7% to $107 million NEW YORK— November 11, 2024—IAC (NASDAQ: IAC) released its third quarter results today and separately posted a letter to shareholders from Joey Levin, the Chief Executive Officer of IAC, on the Investor Relations section of its website at ir.iac.com. | - ...

IAC IAC announced in its third-quarter earnings report that it is considering a strategic move to spin off its ownership stake in Angi Inc. ANGI.This news comes as Angi shares traded lower after-hours, following the company's third-quarter financial results. IAC's potential spin-off would make Angi a stand-alone entity, allowing it to operate independently from IAC, which has nurtured and managed the brand as part of its portfolio of digital and media businesses.According to Benzinga Pro, Angi reported quar ...

For the quarter ended September 2024, IAC (IAC) reported revenue of $938.72 million, down 15.5% over the same period last year. EPS came in at -$2.93, compared to -$0.30 in the year-ago quarter.The reported revenue represents a surprise of +1.64% over the Zacks Consensus Estimate of $923.6 million. With the consensus EPS estimate being -$0.20, the EPS surprise was -1365.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...