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 ...

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 ...

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 ...

NEW YORK, Nov. 11, 2024 /PRNewswire/ -- IAC (NASDAQ: IAC) posted its third 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 third quarter results and to answer questions. The call will be held on Tuesday, November 12, 2024, at 8:30 a.m. ET. Joey Levin, CEO of IAC and Chairman of Angi Inc., Jeffrey Kip, CE ...

IAC said Monday it's exploring a spinoff of Angi, an online platform that connects consumers with a marketplace of home improvement service providers in their area, like electricians and landscapers.Angi stock price was up as much as 10% in after-hours trading on Monday.The company is considering a spinoff of Angi that would result in its stake being distributed to shareholders, IAC CEO Joey Levin wrote in a letter to shareholders that coincided with the company's third-quarter earnings release. IAC owns 85 ...

NEW YORK, Nov. 6, 2024 /PRNewswire/ -- IAC (NASDAQ: IAC) will participate in Truist Securities Internet Growth Summit on Thursday, November 14, 2024. Chris Halpin, Executive Vice President, CFO and COO of IAC, will participate in a fireside chat at 9:00 a.m. ET. Both a live webcast and replay of the fireside chat will be available to the public in the IR section of IAC's website at https://ir.iac.com/events-and-presentations.About IACIAC (NASDAQ: IAC) builds companies. We are guided by curiosity, a question ...

Wall Street analysts expect IAC (IAC) to post quarterly loss of $0.20 per share in its upcoming report, which indicates a year-over-year increase of 33.3%. Revenues are expected to be $923.6 million, down 16.9% from the year-ago quarter.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Prior to a company's earnings announcement, it is cr ...