IAC Stock Recent News

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.

IAC is undergoing major cost control and restructuring efforts, with a focus on improving profitability across all businesses, including Angi and DDM. Moreover, they have inked a deal with OpenAI who will pay them for the license to their content, which will translate at high margin into profits. We have reduced the P/S on DDM for conservativeness compared to last article, but the upside is just growing further as IAC reaches close to all-time lows.

IAC (IAC) has signed a non-disclosure agreement with National Amusements. George Tsilis discusses Barry Diller's IAC bid for Paramount.

Rich Greenfield, LightShed Partners co-founder, joins 'Squawk Box' to discuss how many people are looking at a bid for Paramount, the price an investor would pay for the studio, and more.

CNBC's Julia Boorstin reports on news from the Paramount Global saga.

AUSTIN, Texas--(BUSINESS WIRE)--Care.com, the world's largest online platform for finding and managing family care, today announced a Care Spending Account product that gives employers a flexible solution to financially support their employees with the ongoing costs of care, whether for children, seniors, pets or themselves. Offered through Care for Business, the Company's enterprise segment, the product joins an existing portfolio of workplace solutions which include premium Care.com membershi.

While the top- and bottom-line numbers for IAC (IAC) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.