IAC Stock Recent News

IAC has signalled to the market that it's ready to make deals. Any kind of transaction (sale, acquisition, or IPO) could unlock shareholder value. If the private assets are indeed worth what we speculate, IAC is severely undervalued even when taking into account corporate overhead costs and could double when the market catches up. IAC's CEO and team are incentivized with RSUs to get the share price to at least $110 by 2030.

IAC Inc. (NASDAQ:IAC ) Q2 2024 Earnings Conference Call August 7, 2024 8:30 AM ET Company Participants Christopher Halpin - EVP, CFO & COO Joey Levin - CEO of IAC Inc. Jeff Kipp - CEO of Angi Inc. Conference Call Participants Ross Sandler - Barclays Cory Carpenter - JP Morgan Eric Sheridan - Goldman Sachs John Blackledge - TD Cowen Jason Helfstein - Oppenheimer Youssef Squali - Truist Nick Jones - Citizens JMP Brent Thill - Jefferies Yugal Arouninan - Citigroup Tom Champion - Piper Sandler Operator Good day and welcome to the IAC, and Angi's Second Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.

Although the revenue and EPS for IAC (IAC) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

IAC (IAC) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.32 per share. This compares to loss of $0.76 per share a year ago.

IAC posted a 24% rise in its core profit in the second quarter, banking on advertising and licensing revenues of Dotdash Meredith, its biggest business.

IAC's second-quarter 2024 results are likely to bear the brunt of the weakness in Angi, search and print businesses.

STOCKHOLM , July 30, 2024 /PRNewswire/ -- April–June 2024            Total sales MSEK 40 638 (39 909)            Organic sales growth 5 percent (11)            Real sales growth within technology and solutions 7 percent (73)            Operating income before amortization MSEK 2 801 (2 620)            Operating margin 6.9 percent (6.6)            Earnings per share SEK 2.28 (2.05)            Earnings per share before IAC, SEK 2.60 (2.46)            Cash flow from operating activities 60 percent (46) January–June 2024            Total sales MSEK 79 898 (77 660)            Organic sales growth 6 percent (11)            Real sales growth within technology and solutions 7 percent (75)            Operating income before amortization MSEK 5 158 (4 800)            Operating margin 6.5 percent (6.2)            Earnings per share SEK 4.12 (3.71)            Earnings per share before IAC, SEK 4

Diller said he will be "shocked" if the merger does not face a lot of legal challenges.

Billionaire Barry Diller signaled his digital-media conglomerate IAC was no longer in the race to buy Paramount Global , CNBC reported on Friday.

CNCB's Julia Boorstin and IAC CEO Joey Levin join 'Squawk Box' to discuss the state of the company, interest in Paramount, OpenAI deal, impact of AI, state of the 2024 presidential election, and more.