Iac Interactivecorp Stock Price, News & Analysis

IAC has announced the release of its fourth quarter financial results for 2025, along with shareholder letters from IAC CEO Joey Levin and Angi Inc. CEO Jeffrey Kip. The materials are available on the company's investor relations website. IAC and Angi Inc. will host a joint conference call on Wednesday, February 12, 2025, at 8:30 a.m. ET to discuss the quarterly results and answer questions. The call will feature Barry Diller (Chairman and Senior Executive of IAC), Joey Levin (CEO of IAC and Chairman of Angi Inc.), Jeffrey Kip (CEO of Angi Inc.), and Christopher Halpin (Executive Vice President, CFO and COO of IAC). A live audiocast and replay will be accessible to the public through IAC's investor relations website.

Care.com's 2025 Cost of Care Report reveals a concerning state of parental well-being amid America's care crisis. The study, surveying 3,000 parents, shows the average parent is responsible for five loved ones and manages five different care arrangements, with 48% still lacking adequate help.

The report highlights severe mental health impacts: 90% of parents lose sleep, 80% cry (90% for mothers), 75% feel dread, 71% face health issues, and 29% have considered suicide due to caregiving stress. Parents spend an average of 40% of household income on care expenses, with 22% allocated to child care alone.

Key findings include rising care costs, with weekly nanny rates increasing to $827 and daycare costs reaching $343. Parents miss approximately 34 important life commitments yearly due to care challenges, and 89% had to make major work or financial changes to afford care. The study emphasizes the need for systemic solutions, with 87% of parents supporting expanded tax credits and 79% favoring employer-subsidized caregiving benefits.

IAC has announced plans to spin off its complete stake in Angi, a leading home services platform, to IAC shareholders. The tax-free transaction is expected to close in the first half of 2025, no sooner than March 31. As part of this reorganization, Joey Levin will transition from IAC CEO to become Angi's Executive Chairman, working alongside Angi CEO Jeff Kip.

The spin-off will convert Angi's dual-class structure into one share/one vote common stock, with IAC shareholders receiving direct ownership. This move aims to provide Angi with greater independence and flexibility for growth through M&A, capital formation, and talent acquisition. IAC will not appoint a new CEO, with key executives reporting directly to Barry Diller, Senior Executive and Chairman.

Both companies affirmed their previous financial expectations for Q4 2024, with results to be posted on February 11, 2025, followed by a joint conference call on February 12.

Dotdash Meredith, America's largest digital and print publisher, has appointed Charlotte Triggs as the first-ever GM and Editor-in-Chief of the PEOPLE Group, effective immediately. Triggs, a 20-year veteran of PEOPLE, will oversee all platforms and content operations for digital and print, succeeding Wendy Naugle, who is departing to complete her novel.

Triggs will report to Leah Wyar, President of the PEOPLE Group. The appointment comes as PEOPLE experiences significant growth across its digital and print platforms. Throughout her tenure at PEOPLE, Triggs has served in various roles, including cover writer, TV editor, podcast producer, and news director, starting as an editorial intern.

MessageGears and Smartling have announced a partnership to integrate Smartling's LanguageAI technology into MessageGears' platform, enabling email translation and localization across 450+ languages. The integration was implemented at Vimeo's (VMEO) request to enhance their global customer engagement strategy.

The integration features include translation submission directly from MessageGears' platform to Smartling, enhanced testing capabilities with preview options, and automatic content localization. The system ensures recipients receive emails in their preferred language, with real-time tracking and optimization capabilities.

IAC has announced the release of its third quarter financial results and shareholder letter, available on their investor relations website. The company will host a conference call on November 12, 2024, at 8:30 a.m. ET to discuss Q3 results and address questions. The call will feature CEO Joey Levin, Angi Inc. CEO Jeffrey Kip, and IAC's CFO and COO Christopher Halpin. A live audiocast and replay will be accessible to the public through IAC's investor relations website.

IAC (NASDAQ: IAC) announced its participation in the Truist Securities Internet Growth Summit scheduled for Thursday, November 14, 2024. The company's Executive Vice President, CFO and COO, Chris Halpin, will engage in a fireside chat at 9:00 a.m. ET. The event will be accessible to the public through both live webcast and replay options, available in the IR section of IAC's website.

Vivian Health, an IAC company, has partnered with RightSourcing by Magnit to launch Fast Track, an innovative solution for contingent healthcare staffing. The partnership integrates Vivian's network of over 2 million clinicians with RightSourcing's platform through a direct API connection, streamlining the hiring process. Fast Track enables intelligent job matching, simplified profile requirements, and one-click candidate submissions, reducing submission time from days to minutes. The solution addresses critical healthcare staffing shortages by accelerating placements and improving efficiency for facilities, agencies, and healthcare professionals.

IAC (NASDAQ: IAC) has announced its plans to release third quarter 2024 financial results after market close on Monday, November 11, 2024. Simultaneously, CEO Joey Levin will publish a letter to shareholders, potentially including forward-looking information. The company will host a live conference call on Tuesday, November 12, 2024, at 8:30 a.m. ET to discuss the results. Interested parties can access the call via IAC's website or by dialing (833) 470-1428 in the U.S. or (404) 975-4839 internationally, using the conference ID 740271. An audio replay will be available for 7 days following the call.