IAC Stock Recent News

Don't expect to value the company on a standard earnings ratio, though.

IAC Inc. (NASDAQ:IAC ) Q4 2022 Earnings Conference Call February 14, 2023 8:30 AM ET Company Participants Christopher Halpin - EVP, CFO and COO Joseph Levin - CEO, IAC Inc., CEO and Chairman, Angi, Inc. Conference Call Participants Jason Helfstein - Oppenheimer Cory Carpenter - JPMorgan John Blackledge - Cowen Ross Sandler - Barclays Brian Fitzgerald - Wells Fargo Dan Kurnos - The Benchmark Company Youssef Squali - Truist Securities Tom Champion - Piper Sandler Operator Welcome to the IAC and Angi Fourth Quarter 2022 Earnings Conference Call. All participants will be in listen-only mode.

IAC (IAC) delivered earnings and revenue surprises of 86.49% and 0.25%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Over the last 20 years, finding an internet-related business that will be successful over the long term has been a daunting task for both entrepreneurs and investors. Back in the day, no one knew whether Alphabet ( GOOG , Financial) or Pets.com would be the best investment choice.

Struggles at Angi and Dotdash Meredith have caused IAC's share price to plummet ~65% during 2022. With much of its valuation covered by its stake in Angi and MGM, at its current share price, investors are paying very little for Dotdash, Turo, Care.com, and other assets.

Traffic is down about 5% across its platforms and it's affecting their advertising revenue which is falling sequentially. Moreover, there is slight bloat of about 10% in the SG&A costs due to migration expenses.

IAC Inc. (NASDAQ:IAC ) Q3 2022 Earnings Conference Call November 9, 2022 8:30 AM ET Company Participants Christopher Halpin - EVP and CFO Joseph Levin - CEO, IAC Inc., CEO and Chairman, Angi, Inc. Mark Schneider - Head, IR Conference Call Participants Eric Sheridan - Goldman Sachs John Blackledge - Cowen Cory Carpenter - JPMorgan Brent Thill - Jefferies David Katz - Jefferies Ross Sandler - Barclays Jason Helfstein - Oppenheimer Daniel Kurnos - The Benchmark Company Justin Patterson - KeyBanc Tom Champion - Piper Sandler Youssef Squali - Truist Operator Good morning, everyone, and welcome to the IAC and Angi Third Quarter 2022 Earnings Conference Call. [Operator Instructions] Please also note, today's event is being recorded.

IAC (IAC) delivered earnings and revenue surprises of -200% and 2.15%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

CEO Joey Levin addressed some of the company's issues in a remarkably frank letter to shareholders on Tuesday.

Diller called Twitter "a toy" for Elon Musk and said turning it into a super-app, as Musk wants, will be hard.