Welcome to our dedicated page for Iac Interactivecorp news (Ticker: IAC), a resource for investors and traders seeking the latest updates and insights on Iac Interactivecorp stock.
IAC Interactivecorp (IAC) delivers innovative digital experiences through its portfolio of market-leading platforms in media, search technology, and online services. This page provides investors and industry observers with direct access to official announcements, financial disclosures, and strategic developments.
Track press releases covering earnings results, partnership launches, and operational milestones across IAC's diverse brands. Our curated feed ensures you stay informed about key initiatives in digital publishing innovations, search algorithm updates, and emerging trends in online consumer services.
All content is sourced from verified corporate communications, with updates organized chronologically for quick reference. Bookmark this page to monitor IAC's progress in shaping internet-based markets through its unique multi-brand strategy and technology investments.
IAC (NASDAQ: IAC) released its fourth quarter financial results on February 3, 2021, and announced a virtual conference call scheduled for February 4, 2021, at 8:30 a.m. ET. The call will feature key executives from IAC and ANGI Homeservices. IAC has built a diverse portfolio over two decades, including well-known companies like Vimeo and Care.com, with a focus on financial discipline and innovation. Investors can access the detailed earnings report and shareholder letter on IAC's investor relations website.
Mosaic Group, a mobile app developer, announced the launch of a new academic program, Expanding Access, aimed at underrepresented communities. The program will feature a lecture series starting on February 1st at Jackson State University, covering various aspects of technology careers. Following this, it will expand to Medgar Evers College on March 1st. Students completing the course may apply for a six-month mentorship program. CEO Zachary Roseman emphasized the initiative's goal to create equitable opportunities for Black and POC students.
Vimeo has launched an updated suite of video marketing tools designed to enhance customer engagement and lead generation for businesses. The new features include customizable in-video contact forms and integrations with platforms such as HubSpot, Mailchimp, and Constant Contact. These enhancements enable marketers to collect viewer data seamlessly and use video content more effectively in email campaigns, which can boost engagement rates significantly. Vimeo's latest tools are available for Business, Premium, and Enterprise users, further expanding its capabilities as a leading video solution.
On January 25, 2021, Vimeo, an IAC business, announced it raised $300 million in primary equity from T. Rowe Price and Oberndorf Enterprises at a valuation exceeding $5 billion. This follows a previous $150 million equity raise in November 2020 as part of IAC's plan to spin off Vimeo as an independent public company. The new investment includes $200 million at a $5.2 billion pre-money valuation and $100 million at $5.7 billion. Vimeo reported a 57 percent year-over-year revenue growth in December 2020, highlighting strong demand for its video services.
IAC will announce its fourth quarter results after market close on February 3, 2021. CEO Joey Levin will release a shareholder letter that may include forward-looking information. Following the announcement, a virtual conference call with IAC and ANGI Homeservices is scheduled for February 4, 2021 at 8:30 a.m. ET to discuss the results. The earnings details and communication will be accessible to the public via their official channels.
IAC has released its monthly metrics for December 2020, which are now available on the investor relations section of its website. The company, headquartered in New York City, focuses on building and operating various brands, including Vimeo, Dotdash, and Care.com. IAC has a history of evolving through acquisition and innovation, maintaining financially-disciplined opportunism. The metrics provided may offer insight into the company’s performance and future direction.
IAC (NASDAQ: IAC) has announced a plan to spin off its complete stake in Vimeo, making it an independent public company. This marks the 11th spin-off from IAC. The transaction involves a reclassification of IAC shares, enabling stockholders to receive Vimeo shares. A stockholder meeting is scheduled for Q1 2021 to approve the proposal, with completion expected in Q2 2021. The spin-off is designed to be tax-free for stockholders. The separation aims to unlock Vimeo's growth potential and create a 'pure-play' equity currency for future capital raises.
IAC has released its monthly metrics for November, now accessible on its investor relations website. The company continues its mission to build and acquire innovative products and brands, operating notable entities like Vimeo, Dotdash, and Care.com. IAC's portfolio also includes a majority stake in ANGI Homeservices, which comprises services such as HomeAdvisor, Angie's List, and Handy. The firm emphasizes a principle of financially-disciplined opportunism in its evolving business landscape.
IAC will participate in the Barclays Global Technology, Media and Telecommunications Conference on December 10, 2020. The fireside chat featuring Glenn Schiffman, CFO of IAC, is scheduled for 10:30 a.m. ET. A live webcast will be accessible to the public via their investor relations page.
IAC is a leading company builder, operating brands like Vimeo and Dotdash, and is headquartered in New York City.
FAQ
What is the current stock price of Iac Interactivecorp (IAC)?
What is the market cap of Iac Interactivecorp (IAC)?
