NEW YORK, April 9, 2025 /PRNewswire/ -- After the close of market trading on Monday, May 5, 2025, IAC (NASDAQ: IAC) will post its first quarter results at https://ir.iac.com/quarterly-results. On Tuesday, May 6, 2025, at 8:30 a.m. ET, IAC will host a conference call to answer questions regarding the company's first 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 IAC IAC (NASDAQ: IAC ...

Group 1 - The individual investor focuses on undercovered companies, particularly in technology, software, electronics, and energy transition sectors [1] - The investor has over 50 companies on their watchlist and has been investing personal capital for over 7 years globally [1] - The investor aims to identify asymmetric investment opportunities to achieve market-beating returns through diligent research of small to mid-cap companies [1] Group 2 - The investor holds a beneficial long position in shares of IAC and ANGI, indicating a personal investment interest in these companies [2] - The article expresses the author's own opinions and is not influenced by compensation from any company mentioned [2] Group 3 - Seeking Alpha emphasizes that past performance does not guarantee future results and that no specific investment advice is provided [3] - The platform does not act as a licensed securities dealer or investment adviser, and the analysts may not be certified by any regulatory body [3]

Core Viewpoint - IAC has successfully completed the spin-off of Angi, making it an independent publicly traded company, allowing both entities to focus on their strategic objectives and growth opportunities [1][4][5]. Company Overview - IAC is now comprised of category-leading businesses, including Dotdash Meredith and Care.com, and holds strategic equity positions in various industries, such as MGM Resorts International and Turo Inc. [11] - Angi, which has been operational for over 25 years, assists homeowners in completing home projects and supports home professionals in growing their businesses, having helped over 150 million people [12][13]. Leadership Changes - Joey Levin transitioned from IAC CEO to Executive Chairman of Angi, collaborating with Angi CEO Jeff Kip to achieve the company's strategic goals [2][4]. - Barry Diller, Chairman and Senior Executive of IAC, emphasized the renewed focus on future opportunities for both IAC and Angi following the spin-off [3]. Transaction Details - The spin-off was approved by IAC's board on March 7, 2025, with a special dividend distributing all shares of Angi capital stock to IAC shareholders [6][7]. - The distribution occurred on March 31, 2025, with approximately 0.5251 shares of Angi Class A common stock distributed for each share of IAC stock held as of the record date [8]. Strategic Focus - Angi is expected to benefit from a simplified capital structure and an undiluted focus on its strategic priorities, including potential mergers and acquisitions, capital formation, and talent acquisition [4]. - Angi aims to return to revenue growth in 2026, having improved customer experience and profitability over the past two and a half years [5].

Former AdTheorent CEO to lead D/Cipher's evolution as the premier cookie-less ad targeting and buying solution for the open Internet NEW YORK, March 17, 2025 /PRNewswire/ -- Today Dotdash Meredith (DDM), the largest digital and print publisher in America, announced the appointment of Jim Lawson as President of D/Cipher, reporting directly to DDM CEO Neil Vogel, to accelerate the growth and development of its D/Cipher contextual ad-targeting solution across the open web. Jim was a co-founder of AdTheorent, a ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth po ...

Shares of IAC (IAC) have gained 2.9% over the past four weeks to close the last trading session at $44.55, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $67.62 indicates a potential upside of 51.8%.The average comprises 13 short-term price targets ranging from a low of $54 to a high of $100, with a standard deviation of $13.52. While the lowest estimate indicates an increase o ...

Table of Contents As filed with the Securities and Exchange Commission on February 28, 2025 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, 2024 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 Inc. (Exact name of regist ...

Core Viewpoint - IAC shares have increased by 11.2% in the past four weeks, closing at $47.02, with a mean price target of $69.38 indicating a potential upside of 47.6% [1] Price Targets - The average of 13 short-term price targets ranges from a low of $54 to a high of $105, with a standard deviation of $14.41, suggesting a potential increase of 14.8% to 123.3% from the current price [2] - A low standard deviation indicates a greater agreement among analysts regarding price estimates, which can be a useful metric for investors [2][7] Analyst Sentiment - Analysts show strong agreement in revising earnings estimates higher for IAC, which correlates with potential stock price increases [4][9] - The Zacks Consensus Estimate for the current year has increased by 83.8%, reflecting positive sentiment among analysts [10] Zacks Rank - IAC holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for upside [11] Caution on Price Targets - While price targets are a common metric, they can mislead investors, and reliance solely on them may not yield satisfactory returns [5][8] - Analysts may set overly optimistic price targets due to business incentives, which can inflate expectations [6]

Financial Data and Key Metrics Changes - IAC reported a nearly $250 million increase in cash flow year-on-year, reaching almost $300 million for its businesses [26] - Angi's EBITDA dropped from approximately $260 million to $35 million, while Dotdash Meredith's EBITDA decreased from an expected $450 million to $230 million [10][12] Business Line Data and Key Metrics Changes - Angi has seen a turnaround with a focus on improving product quality and reducing low-margin revenue, leading to a positive cash flow trajectory [15][17] - Dotdash Meredith experienced an 8% increase in traffic, with performance marketing growing by 22% [18][57] Market Data and Key Metrics Changes - Digital revenue growth for Dotdash Meredith was reported at 10%, with expectations for high single-digit growth in Q1 2025 [58] - Angi's digital revenue growth was previously declining but is expected to return to growth in 2026 [49][50] Company Strategy and Development Direction - The company is focused on spinning off Angi to allow it to operate independently, with a target date of March 31, 2025 [38][75] - IAC aims to invest in its core businesses and explore new opportunities while maintaining a strong balance sheet [106][107] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the competitive positioning of Angi and Dotdash, with expectations for growth in 2025 and 2026 [44][50] - The transition to a single product platform at Angi is expected to improve operational efficiency and revenue per transaction [96] Other Important Information - The company is incurring approximately $50 million in non-recurring corporate costs in 2025 due to various factors, including the Angi spin-off [125][126] - D/Cipher+ is anticipated to significantly enhance revenue and profitability by increasing access to premium inventory [134][136] Q&A Session Questions and Answers Question: What are the motivations for moving to Angi with the spin? - Joey Levin highlighted both personal and professional motivations, emphasizing the asymmetrical upside potential at Angi [35] Question: What are the next steps in the spin process? - Christopher Halpin stated that the registration statement was filed, and the goal is a seamless transition for Angi as a standalone public company [38] Question: What are the drivers of Dotdash Meredith's revenue and EBITDA? - Christopher Halpin noted sluggish consumer traffic and advertiser spend prior to the U.S. election, with a recovery seen in November [55] Question: How should we think about capital allocation post-Angi spin? - Barry Diller indicated a balance between investing in current businesses and returning capital to shareholders, with a focus on opportunities within Dotdash Meredith [106][107] Question: What are the key steps to grow direct traffic and eliminate middlemen? - Christopher Halpin discussed expanding direct-to-consumer efforts through various marketing strategies and enhancing loyalty [140]

Financial Data and Key Metrics Changes - The company reported a nearly $250 million increase in cash flow year-on-year, reaching almost $300 million for IAC's businesses [19] - ANGI's EBITDA was significantly reduced from approximately $260 million to $35 million, while capital expenditures increased to $115 million [9] - Dotdash Meredith's digital revenue growth was reported at 10%, exceeding previous forecasts [44] Business Line Data and Key Metrics Changes - ANGI has seen improvements in product quality and cash flow, with expectations for real revenue growth in the upcoming year [12][20] - Dotdash Meredith experienced a traffic increase of about 8%, with performance marketing growing by 22% [13][44] - Care.com has two main business lines: consumer and enterprise, with the enterprise segment expected to continue growing due to increasing employer support for care needs [88] Market Data and Key Metrics Changes - The advertising market showed signs of recovery, with many advertisers returning to premium and programmatic markets in mid-November [44] - The company expects mid-single-digit traffic growth for the year and mid-single-digit monetization growth in digital advertising [46] Company Strategy and Development Direction - The company is focused on spinning off ANGI to allow it to operate independently, with confidence in its management team [54][56] - There is a strategic emphasis on improving customer experience and operational efficiency, particularly in ANGI and Dotdash Meredith [20][70] - The company plans to invest in its core businesses while also exploring new opportunities for growth [79] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in returning to growth in 2026, despite short-term disruptions due to regulatory changes [35][39] - The company is optimistic about the competitive positioning of ANGI and Dotdash, with expectations for improved customer experiences and operational efficiencies [36][70] Other Important Information - The company is not planning to issue dividends from ANGI at the time of the spin-off, maintaining a cash balance of $416 million and $500 million in bonds [30] - Corporate costs are expected to be elevated in 2025 due to non-recurring expenses related to the ANGI spin-off and other legacy matters [92] Q&A Session Summary Question: Could you talk about your motivations for moving to ANGI with the spin? - Joey Levin mentioned both personal and professional motivations, highlighting the asymmetrical upside potential of ANGI [26] Question: What gives you confidence in trends improving through the year despite the Q1 guide coming in below expectations? - Jeff Kip discussed the implementation of Consumer Choice and positive customer feedback, indicating a strong long-term competitive position [32][35] Question: Can you talk through the next steps in the spin process and if IAC is planning to take any cash from ANGI? - Christopher Halpin outlined the registration statement filed and the focus on a seamless transition, confirming no dividends will be issued [30] Question: What are the drivers of Dotdash Meredith's 4Q revenue and EBITDA? - Christopher Halpin explained sluggish consumer traffic and advertiser spend prior to the U.S. election, with a recovery noted in November [42] Question: How should we think about capital allocation post-ANGI spin? - Barry Diller emphasized a balance between investing in current businesses and returning capital to shareholders, indicating a clean slate for new opportunities [79] Question: What are your plans to transition to focus on top of funnel and drive more engagement at Meredith? - Christopher Halpin discussed strategies for enhancing direct consumer relationships and leveraging premium content to drive traffic and revenue [80]