NEW YORK, April 15, 2024 /PRNewswire/ -- IAC (NASDAQ: IAC) announced a new strategic partnership today with Ben Sherwood and Joanna Coles to lead The Daily Beast. Effective immediately, Sherwood will serve as Publisher and CEO and Coles as Chief Creative and Content Officer. As strategic partners, both will share a substantial interest in the company. Specific terms of the partnership were not disclosed. Embracing The Daily Beast's founding vision to deliver riveting journalism with bite and flair, the comb ...

IAC (IAC) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this Y have returned -3.3% over the past month versus the Zacks S&P 500 composite's +0.8% change. The Zacks Diversified Operations industry, to which IAC belongs, has lost 12% over this period. Now the key question is: Where could the stock be headed in the near term?While media releases or rumors about a substa ...

Debt and Financial Obligations - As of December 31, 2023, total debt outstanding is approximately $2.0 billion, including $315.0 million under Term Loan A and $1.23 billion under Term Loan B[153]. - Dotdash Meredith has $500.0 million in aggregate principal amount of Senior Notes, which bear fixed interest rates[153]. - The company has borrowing availability of $150 million under the Dotdash Meredith Revolving Facility[153]. - The Dotdash Meredith Credit Agreement contains covenants that restrict the ability to incur additional indebtedness and make strategic acquisitions[151]. - The ability to pay dividends or make distributions is limited by the terms of the Dotdash Meredith Credit Agreement[155]. - The company may not generate sufficient cash flow to meet scheduled debt obligations, potentially forcing it to reduce or delay capital expenditures[152]. - The ability of Dotdash Meredith to pay dividends is limited by the terms of its Credit Agreement, which could restrict cash flow to the parent company[155]. Economic Sensitivity and Market Competition - The company is sensitive to economic events that could adversely impact consumer confidence and spending behavior, particularly in the Angi Inc. segment[160]. - The competitive landscape includes search engine providers and social media platforms that may offer products and services more appealing to consumers[158]. - The competitive landscape is evolving, with new products and entrants consistently emerging, which could impact the company's market position[158]. - The company is sensitive to general economic events, with potential adverse impacts on consumer confidence and spending behavior affecting its business segments, particularly Angi Inc. and Care.com[160]. Cybersecurity and Data Protection - Cybersecurity incidents pose a risk to the company's systems and could have a material adverse effect on its business and financial condition[163]. - The company is experiencing a rise in cybersecurity incidents, which could adversely affect its systems, technology, and infrastructure[163]. - Significant costs are associated with developing and maintaining systems to prevent cybersecurity incidents, and there is no assurance that these systems will be sufficient[163]. - The company maintains a cyber insurance policy, but it may not adequately cover losses from significant cybersecurity incidents[164]. - Breaches of personal, confidential, or sensitive user information could result in costly mitigation efforts and harm the company's reputation[165]. - The company faces potential liabilities and increased costs related to the processing, storage, and use of personal data, which could result in significant fines and penalties due to non-compliance with privacy laws[166]. - Compliance with evolving privacy and data protection laws is expected to be costly and could delay the development of new products and services[167]. - Ongoing compliance with privacy and data protection laws is expected to be costly, potentially delaying the development of new products and services[167]. - The company relies on third-party service providers for technology and infrastructure, and any disruptions could adversely affect business operations and lead to reputational damage[168]. - The company relies on third-party service providers, and any interruptions in their services could lead to business disruptions and user dissatisfaction[168]. Human Resources and Operational Effectiveness - The company must continue to attract and retain skilled personnel, especially in senior leadership and technology roles, to maintain operational effectiveness[171]. - Retaining key personnel is critical for the company's future success, particularly in senior leadership and technology roles[171]. - Competition for well-qualified employees is intense, and failure to attract and retain talent could disrupt operations and impact strategic initiatives[171]. - The issuance of compensatory equity awards could lead to dilution of ownership interests in both IAC and Angi Inc.[156]. Operational Challenges - Cybersecurity incidents and other disruptions could lead to significant operational challenges and financial losses, impacting the company's overall performance[169]. - The company is focused on enhancing the efficiency and scalability of its systems to improve user experience and accommodate increases in platform traffic[170]. - The company is focused on expanding and enhancing the efficiency and scalability of its systems to improve user experience and accommodate increased traffic[170].

IAC (IAC) reported $1.06 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 15.1%. EPS of -$0.73 for the same period compares to -$0.05 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.06 billion, representing a surprise of -0.44%. The company delivered an EPS surprise of -265.00%, with the consensus EPS estimate being -$0.20.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

IAC (IAC) came out with a quarterly loss of $0.73 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to loss of $0.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -265%. A quarter ago, it was expected that this Y would post a loss of $0.51 per share when it actually produced a loss of $0.30, delivering a surprise of 41.18%.Over the last four quarters, the company has surpassed consensus EPS esti ...

NEW YORK, Feb. 13, 2024 /PRNewswire/ -- IAC (NASDAQ: IAC) posted its fourth quarter financial results and a letter to shareholders on the investor relations section of its website at https://ir.iac.com/quarterly-results. As announced previously, IAC and Angi Inc. will host a conference call to discuss both companies' respective fourth quarter results and to answer questions. The call will be held on Wednesday, February 14, 2024, at 8:30 a.m. ET. Joey Levin, CEO of IAC and CEO and Chairman of Angi Inc., and ...

Looking for some tech stocks to sell?2023 was a banner year for tech stocks, with the NASDAQ 100 reaching a new all-time high (and the S&P 500 reached its all-time high on January 3, 2024). While there’s still potential for another rally in 2024, analysts and market pundits are already preaching caution. The tech industry, they say, might already be trading at inflated numbers compared to previous years. And since many investors, including myself, fared very well in the 2023 tech rally, some of you might be ...

NEW YORK, Jan. 17, 2024 /PRNewswire/ -- After the close of market trading on Tuesday, February 13, 2024, IAC (NASDAQ: IAC) will post its fourth quarter results and simultaneously IAC CEO Joey Levin will publish a letter to shareholders, which may include certain forward-looking information, at https://ir.iac.com/quarterly-results. On Wednesday, February 14, 2024, at 8:30 a.m. ET, IAC and Angi Inc. will host a conference call to answer questions regarding the companies' respective fourth quarter results. The ...

AUSTIN, Texas--(BUSINESS WIRE)--Care.com’s 2024 Cost of Care Report, released today, found that on average, parents who responded spend 24% of their household income on childcare with nearly half (47%) spending more than $18,000 in 2023. While this represents a slight drop from 27% in last year’s report, it remains more than three times the 7% deemed affordable by the U.S. Department of Health and Human Services. Additionally, and meaningfully, household income is not the only source of funding parents are ...

NEW YORK, Jan. 11, 2024 /PRNewswire/ -- Robotexts increased by 37% but robocalls dropped by 25% in December, more proof that scammers believe SMS is the best way to target consumers, especially around the holidays. Holiday shopping season is prime time for scammersAs the year comes to a close, scammers tend to capitalize on timely trends like delivery messages, which increased by 6% from November. Spammers like to take advantage of the fact people are expecting deliveries and trick them into clicking fraudu ...