IAC Stock Recent News

IAC returns to sustainable profitability at Angi and Emerging & Other segment, with a focus on improving customer experiences for ANGI services. Dotdash Meredith faces a challenging advertising market but remains a profitable business with targeted, intent-driven ad campaigns. IAC is undervalued and actively seeking investment opportunities in unloved public companies, diamonds in the rough, and small private companies.

IAC Inc. (NASDAQ:IAC ) Q1 2023 Earnings Conference Call May 10, 2023 8:30 AM ET Company Participants Christopher Halpin - Chief Financial Officer and COO Joey Levin - Chief Executive Officer, IAC and Chief Executive Officer and Chairman, Angi Inc. Conference Call Participants Ross Sandler - Barclays Cory Carpenter - JPMorgan Brian Fitzgerald - Wells Fargo John Blackledge - Cowen Brent Thill - Jefferies Jason Helfstein - Oppenheimer Eric Sheridan - Goldman Sachs Stephen Ju - Credit Suisse Ygal Arounian - Citigroup Youssef Squali - Truist Justin Patterson - KeyBanc Operator Good morning. And welcome to the IAC and Angi First Quarter 2023 Earnings Call.

The Angi owner delivered better revenue and earnings results than the market expected. Revenues were still down 18% year over year, reflecting lower traffic and advertising revenues in the media publishing businesses.

While the top- and bottom-line numbers for IAC (IAC) give a sense of how the business performed in the quarter ended March 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

IAC (IAC) came out with a quarterly loss of $2.06 per share versus the Zacks Consensus Estimate of a loss of $1.10. This compares to loss of $0.56 per share a year ago.

Shares of IAC Inc. IAC are on the rise after the internet and media holding company posted sales of $1.08 billion, down 18% from a year ago but eclipsing analyst estimates of $1.06 billion. IAC posted fiscal first-quarter net earnings of $417.8 million, or $4.57 a share, vs.

The internet holding company is suffering from a slower advertising environment, but majority-owned Angi beat estimates.

We have narrowed our search to four stocks that are set to report earnings results today after market closes. These are: WYNN, CELH, RVNC and IAC.

The mean of analysts' price targets for IAC (IAC) points to a 55.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

NEW YORK , April 12, 2023 /PRNewswire/ -- After the close of market trading on Tuesday, May 9, 2023, IAC (NASDAQ: IAC) will post its first quarter results and simultaneously IAC CEO Joey Levin will publish a letter to shareholders, which may include certain forward-looking information, at https://ir.iac.com/quarterly-results. On Wednesday, May 10, 2023, at 8:30 a.m.