IAC Stock Recent News

IAC beat analysts' estimate for fourth-quarter revenue on Tuesday, thanks to continued growth at its biggest business, sending the internet holding company's shares up more than 3% in extended trading.

NEW YORK , Feb. 11, 2025 /PRNewswire/ -- IAC (NASDAQ: IAC) posted its fourth quarter financial results and a letter to shareholders from IAC CEO Joey Levin on the investor relations section of its website at https://ir.iac.com/quarterly-results. A letter to Angi Inc. shareholders was also posted from Angi Inc. CEO Jeffrey Kip.

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for IAC (IAC), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2024.

STOCKHOLM , Feb. 6, 2025 /PRNewswire/ --  October–December 2024 Total sales MSEK 41 794 (39 542) Organic sales growth 4 percent (6) Real sales growth within technology and solutions 6 percent (6) Operating income before amortization MSEK 3 036 (2 683) Operating margin 7.3 percent (6.8) Earnings per share, SEK 2.86 (2.11) Earnings per share before IAC, SEK 3.05 (2.44) Cash flow from operating activities 153 percent (166) January–December 2024 Total sales MSEK 161 921 (157 249) Organic sales growth 5 percent (9) Real sales growth within technology and solutions 6 percent (34) Operating income before amortization MSEK 11 200 (10 247) Operating margin 6.9 percent (6.5) Earnings per share, SEK 9.01 (2.24) Earnings per share before IAC, SEK 10.81 (9.59) Net debt/EBITDA ratio 2.5 (2.7) Cash flow from operating activities 84 percent (80) Proposed dividend for 2024 of SEK 4.50 (3.80) per share, distributed in two equal installments Comments from the President and CEO "Strong strategic exec

President Trump has endorsed the passage of a tax credit for family caregivers. The tax credit would be given to caregivers who take care of a parent, family member, or a loved one.

IAC confirms the spin-off of Angi, despite mixed feelings from the equity research community, though appeal to the minority Angi float. Angi's shift to a consumer-stated choice model should improve US margins and mitigate FCC consent rule impacts, but parity with international margins may be optimistic. Turo's profitability and Vivian Health's valuations can be confirmed by more recent precedents for the SotP.

Warner Bros. Discovery has named Twitter's former chief operating officer and Wall Street banker Anthony Noto to its board of directors, along with Joey Levin, the CEO of Barry Diller's IAC. The appointments come as WBD increases the size of its board to 13 directors.

Media and internet conglomerate IAC (IAC) announced that it planned to spin off its full stake in home services site Angi (ANGI) to its shareholders and said it would shake up IAC's executive leadership.

Barry DIller is returning as CEO of InterActive Corp., the diversified digital company he founded in 1995. The company included the leadership news in a broader announcement about finalizing a plan to spin off a stake in home services platform Angi to IAC shareholders.

Angi CEO Jeff Kip will continue to head the company as IAC's 10th fully independent company, IAC said.