IAC Inc (OQ:IAC)
Business Focus: Internet Services
| Sector: Technology | Industry: Internet Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 555 West 18Th Street NEW YORK NY 10011 |
| Tel: | 1-212-3147400 |
| Website: | https://www.iac.com |
| IR: | See website |
| Key People | ||
| Barry Diller Chairman of the Board, Senior Executive | Joseph Levin Chief Executive Officer, Director | Victor A. Kaufman Vice Chairman of the Board |
| Christopher P. Halpin Chief Financial Officer, Chief Operating Officer, Executive Vice President | Kendall Fox Handler Executive Vice President, Chief Legal Officer | Mark Schneider Senior Vice President - Finance and Investor Relations | Erik Bradbury Senior Vice President, Controller |
| Business Overview |
| IAC Inc. is engaged in building companies. The Company's segments include Dotdash Meredith, Angi Inc., Search, and Emerging & Other. Its Dotdash Meredith segment consists of its digital and print businesses. Through these digital businesses, it provides original and engaging digital content in a variety of formats, including articles, illustrations, videos, and images. Its print business publishes approximately 17 magazines, as well as more than 400 special interest publications. Its Angi Inc. segment includes three segments: Ads and Leads, Services, and International (Europe and Canada). Its Search segment consists of Ask Media Group, a collection of websites providing general search services and information, and a Desktop business, which includes direct-to-consumer downloadable desktop applications and business-to-business partnership operations. Its Emerging & Other segment includes Care.com, Mosaic Group, Vivian Health, The Daily Beast, IAC Films, and Bluecrew. |
| Financial Overview |
| For the three months ended 31 March 2024, IAC Inc revenues decreased 14% to $929.7M. Net income decreased 89% to $45M. Revenues reflect Emerging & Other segment decrease of 34% to $126.5M, ANGI Homeservices segment decrease of 14% to $305.4M, Search segment decrease of 29% to $108.5M, United States segment decrease of 17% to $806.2M. Net income also reflects Emerging & Other segment loss totaling $8M vs. income of $11.9M. |
| Employees: | 9,500 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $5,114M as of Mar 31, 2024 |
| Annual revenue (TTM): | $4,211M as of Mar 31, 2024 |
| EBITDA (TTM): | $249.34M as of Mar 31, 2024 |
| Net annual income (TTM): | -$106.80M as of Mar 31, 2024 |
| Free cash flow (TTM): | $93.20M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $373.06M as of Mar 31, 2024 |
| Shares outstanding: | 86,094,182 as of May 3, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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