IAC Earnings Release and Letter to Shareholders Available on Company's Website

Rhea-AI Summary

IAC released its fourth-quarter financial results and a letter to shareholders, with a conference call scheduled to discuss both IAC and Angi Inc.'s performance. The call will feature Joey Levin, CEO of IAC and CEO/Chairman of Angi Inc., and Christopher Halpin, Executive VP, CFO, and COO of IAC.

Financial Analyst

The disclosure of IAC's fourth-quarter financial results is a significant event for stakeholders, as it provides a comprehensive view of the company's financial health and operational performance. Analyzing the reported revenue, profit margins and earnings per share (EPS) against market expectations can reveal the company's ability to generate value and its competitive standing within the industry.

Examining the management discussion and analysis (MD&A) section can uncover strategic initiatives and operational efficiencies that may have contributed to the financial outcomes. Any forward-looking statements regarding future earnings guidance or capital allocation strategies can influence investor sentiment and stock price movements.

It is also important to assess how external factors, such as economic conditions, regulatory changes, or market competition, may have impacted the financial results. This information can be used to project future performance and assess the risk profile of the company's stock.

Market Research Analyst

Understanding the broader market trends and consumer behavior is crucial in contextualizing IAC's quarterly performance. The company operates in a highly dynamic digital market, where shifts in user preferences and technological advancements can rapidly change the competitive landscape.

By analyzing sector-specific data, such as online advertising trends, subscription growth rates and the performance of comparable companies, one can gauge IAC's market position. This includes evaluating the performance of Angi Inc., a significant player in the home services sector, which is part of the IAC portfolio.

It is also beneficial to look at the market's reaction to the financial results, which can be reflected in the stock's trading volume and price fluctuations post-announcement. This market response can provide insights into the confidence level of investors and the perceived value of the company.

NEW YORK, Feb. 13, 2024 /PRNewswire/ -- IAC (NASDAQ: IAC) posted its fourth quarter financial results and a letter to shareholders on the investor relations section of its website at https://ir.iac.com/quarterly-results. As announced previously, IAC and Angi Inc. will host a conference call to discuss both companies' respective fourth quarter results and to answer questions. The call will be held on Wednesday, February 14, 2024, at 8:30 a.m. ET. Joey Levin, CEO of IAC and CEO and Chairman of Angi Inc., and Christopher Halpin, Executive Vice President, CFO and COO of IAC, will participate.

The live audiocast and replay will be open to the public through the investor relations section of the IAC site at https://ir.iac.com/quarterly-results.

About IAC
IAC (NASDAQ: IAC) builds companies. We are guided by curiosity, a questioning of the status quo, and a desire to invent or acquire new products and brands. From the single seed that started as IAC over two decades ago have emerged 11 public companies and generations of exceptional leaders. We will always evolve, but our basic principles of financially disciplined opportunism will never change. IAC is today comprised of category leading businesses including Angi Inc. (NASDAQ: ANGI), Dotdash Meredith and Care.com, among many others ranging from early stage to established businesses. IAC is headquartered in New York City with business locations worldwide.

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SOURCE IAC

When will IAC and Angi Inc. host a conference call to discuss their fourth-quarter results?

IAC and Angi Inc. will host a conference call on Wednesday, February 14, 2024, at 8:30 a.m. ET.

Who will participate in the conference call regarding IAC and Angi Inc.'s fourth-quarter results?

Joey Levin, CEO of IAC and CEO/Chairman of Angi Inc., and Christopher Halpin, Executive VP, CFO, and COO of IAC, will participate in the call.

Where can the public access the live audiocast and replay of the conference call?

The live audiocast and replay will be available to the public through the investor relations section of the IAC website at https://ir.iac.com/quarterly-results.