IAC(IAC)

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IAC(IAC) - 2021 Q2 - Quarterly Report
2021-08-05 16:00
Table of Contents As filed with the Securities and Exchange Commission on August 6, 2021 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 June 30, 2021 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________to__________ Commission File No. 001-39356 IAC/INTERACTIVECORP (Exact na ...
IAC(IAC) - 2021 Q1 - Quarterly Report
2021-05-09 16:00
Table of Contents As filed with the Securities and Exchange Commission on May 7, 2021 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q For the transition period from__________to__________ Commission File No. 001-39356 IAC/INTERACTIVECORP (Exact name of registrant as specified in its charter) Delaware 84-3727412 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2021 Or ☐ TRANSITION REPORT PURSUAN ...
IAC(IAC) - 2021 Q1 - Earnings Call Transcript
2021-05-07 16:44
Financial Data and Key Metrics Changes - The company reported an EBITDA of approximately $23 million in Q1 2021, with expectations to maintain this level for the next couple of quarters [19] - The company anticipates single-digit margins for this year and likely for next year as well [19] Business Line Data and Key Metrics Changes - Angi Services generated $55 million in revenue for Q1 2021, reflecting a 66% year-over-year growth, achieved without spending on consumer marketing [14] - The company plans to invest $60 million in Angi Services this year, up from $40 million last year, focusing on improving service delivery and pricing [18] Market Data and Key Metrics Changes - Dotdash experienced a 67% growth in Q1 2021, with top advertisers increasing their spending by 110% compared to 2020 [21][22] - The Care@Work business is growing over 100% year-on-year, driven by macro trends related to workforce diversity and childcare needs [30] Company Strategy and Development Direction - The company is shifting its focus to a $500 billion market, emphasizing the importance of completing jobs for customers and helping service professionals grow their businesses [12][16] - A unified brand strategy is being pursued to streamline operations and enhance customer experience, moving away from a segmented brand approach [36][38] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about positive momentum in business interactions and customer engagement, despite some expected headwinds from brand changes and supply constraints [7][42] - The company expects mid-double-digit revenue growth for Q2 and Q3, with potential acceleration in Q4 driven by Angi Services [43] Other Important Information - The company is focusing on enhancing the customer experience to increase the number of service requests fulfilled, aiming to improve overall liquidity in the marketplace [58][61] - The company is also exploring larger acquisition opportunities, moving beyond smaller tuck-ins, while maintaining a focus on existing business growth [72] Q&A Session Summary Question: What is the broader vision for Angi and key priorities? - The CEO of Angi outlined a vision to capture a $500 billion market by focusing on customer job completion and service professional growth [12][16] Question: Can you elaborate on the rebranding and investment areas? - The rebranding is seen as a necessary step to unify operations and enhance customer experience, with significant investments planned in Angi Services [11][18] Question: What are the growth expectations for Dotdash? - Dotdash is expected to continue outperforming other publishing businesses, with strong advertiser retention and content utility driving growth [21][22] Question: How is the company addressing service provider capacity challenges? - The company is working to improve service provider engagement and retention through better pricing and support, aiming to increase job fulfillment [39][41] Question: What is the investment strategy for Angi? - The company plans to invest significantly in pricing jobs, fulfilling services, and automating processes to enhance efficiency and customer satisfaction [78]
IAC(IAC) - 2020 Q4 - Annual Report
2021-02-16 16:00
Table of Contents As filed with the Securities and Exchange Commission on February 17 , 2021 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2020 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________to__________ Commission File No. 001-39356 IAC/INTERACTIVECORP (Exact na ...
IAC(IAC) - 2020 Q4 - Earnings Call Transcript
2021-02-04 20:39
IAC/InterActiveCorp and ANGI Homeservices, Inc. (NASDAQ:IAC) Q4 2020 Earnings Conference Call February 4, 2021 8:30 AM ET Company Participants Glenn Schiffman - CFO & EVP, IAC/InterActiveCorp Joseph Levin - CEO & Director, IAC/InterActiveCorp Tim Allen - CEO, Care.Com Inc William Ridenour - CEO & Director, ANGI Homeservices, Inc. Mark Schneider - Head, IR, ANGI Homeservices, Inc. Anjali Sud - CEO, Vimeo, Inc. Conference Call Participants Eric Sheridan - UBS Investment Bank Cory Carpenter - JPMorgan Chase & ...
IAC(IAC) - 2020 Q3 - Quarterly Report
2020-11-06 21:17
Table of Contents As filed with the Securities and Exchange Commission on November 6, 2020 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, 2020 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 1 ...
IAC(IAC) - 2020 Q3 - Earnings Call Transcript
2020-11-06 19:18
IAC/InterActiveCorp (NASDAQ:IAC) Q3 2020 Earnings Conference Call November 6, 2020 8:30 AM ET Company Participants Glenn Schiffman – Chief Financial Officer Joey Levin – Chief Executive Officer-IAC and Chairman-ANGI Homeservices Brandon Ridenour – Chief Executive Officer-ANGI Homeservices Mark Schneider – Head-Investor Relations Conference Call Participants John Blackledge – Cowen Brian Fitzgerald – Wells Fargo Cory Carpenter – JPMorgan Brad Erickson – Needham Brent Thill – Jefferies Jason Helfstein – Oppen ...
IAC(IAC) - 2020 Q2 - Earnings Call Transcript
2020-08-11 18:19
IAC/InterActiveCorp (NASDAQ:IAC) Q2 2020 Earnings Conference Call August 11, 2020 8:30 AM ET Company Participants Glenn Schiffman - CFO Joey Levin - CEO IAC Brandon Ridenour - CEO, ANGI Homeservices Mark Schneider - SVP, Finance and IR Conference Call Participants Ross Sandler - Barclays Cory Carpenter - JPMorgan Eric Sheridan - UBS Brad Erickson - Needham & Company John Blackledge - Cowen Youssef Squali - SunTrust Robinson Jason Helfstein - Oppenhimer Benjamin Black - Evercore ISI Michael Ng - Goldman Sach ...
IAC(IAC) - 2020 Q2 - Quarterly Report
2020-08-10 20:23
Table of Contents As filed with the Securities and Exchange Commission on August 10, 2020 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 June 30, 2020 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________to__________ (Registrant's telephone number, including area code) Secur ...
IAC/Interactivecorp's (IAC) CEO Joey Levin on Q&A with IAC Business Leaders - Call Transcript
2020-07-18 06:32
IAC/Interactivecorp (NASDAQ:IAC) Q&A with IAC Business Leaders July 16, 2020 10:00 AM ET Company Participants Joey Levin – Chief Executive Officer-IAC Brandon Ridenour – Chief Executive Officer-ANGI Homeservices Anjali Sud – Chief Executive Officer-Vimeo Neil Vogel – Chief Executive Officer-Dotdash Tim Allen – Chief Executive Officer-Care.com Glenn H. Schiffman – Chief Financial Officer-IAC Conference Call Participants John Blackledge – Cowen Brian Fitzgerald – Wells Fargo Brent Thill – Jefferies Jason Helf ...