People Incorporated (IAC)
IAC: FCC Issues Could Be Limited, Spin-Off Now Confirmed
IAC confirms the spin-off of Angi, despite mixed feelings from the equity research community, though appeal to the minority Angi float. Angi's shift to a consumer-stated choice model should improve US margins and mitigate FCC consent rule impacts, but parity with international margins may be optimistic. Turo's profitability and Vivian Health's valuations can be confirmed by more recent precedents for the SotP.
Warner Bros. Discovery Adds Former Top Twitter Executive And CEO Of IAC To Expanded Board
Warner Bros. Discovery has named Twitter's former chief operating officer and Wall Street banker Anthony Noto to its board of directors, along with Joey Levin, the CEO of Barry Diller's IAC. The appointments come as WBD increases the size of its board to 13 directors.
IAC Shares Jump On New Of Barry Diller's Return As CEO, Spinoff Of Angi Stake
Barry DIller is returning as CEO of InterActive Corp., the diversified digital company he founded in 1995. The company included the leadership news in a broader announcement about finalizing a plan to spin off a stake in home services platform Angi to IAC shareholders.
IAC to Spin Off Stake in Angi, Longtime CEO to Step Down
Angi CEO Jeff Kip will continue to head the company as IAC's 10th fully independent company, IAC said.
IAC CEO Joey Levin to step down as it spins off home services unit Angi
IAC said on Monday longtime boss Joey Levin will step down as CEO after the spinoff of its majority stake in home services marketplace Angi as the media and internet company looks to focus on Dotdash Meredith, its largest business.
Barry Diller Will Once Again Lead IAC
Current CEO Joey Levin will step down to become executive chairman at IAC spinoff Angi.
IAC approves spinoff of home improvement marketplace Angi
IAC on Monday announced that its board approved the spinoff of Angi, the home improvement marketplace it acquired in 2017. The holding company said it expects the spinoff to close in the second quarter of the year.
IAC: Ad Market Improvements To Be Offset By FCC, And Angi Spin-Off Confusions
IAC saw an improving ad market despite the issues of being an advertiser in a distracting election cycle. The sum of the parts analysis could be more emphasized by a lower tax burden, depending on election outcomes in other branches, and also by the Angi spin-off. Angi restructuring seems to be working, although markets did not appreciate the spin-off announcement, which might have been interpreted as a lack of confidence.
IAC Inc. (IAC) Q3 2024 Earnings Call Transcript
IAC Inc. (NASDAQ:IAC ) Q3 2024 Earnings Call Transcript November 12, 2024 8:30 AM ET Company Participants Christopher Halpin - EVP, CFO & COO Joey Levin - CEO Jeff Kipp - CEO and Director, Angi Inc. Conference Call Participants Cory Carpenter - JP Morgan Jason Helfstein - Oppenheimer John Blackledge - TD Cowen Eric Sheridan - Goldman Sachs Ross Sandler - Barclays Daniel Kurnos - The Benchmark Company Tom Champion - Piper Sandler Youssef Squali - Truist Yugal Arouninan - Citigroup Nick Jones - Citizens JMP Operator Welcome to the IAC, and Angi's Third Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.
IAC weighs home services unit Angi's spin-off as Dotdash Meredith drives revenue
IAC said it was exploring a spin-off of its majority stake in home services unit Angi after the internet holding company beat third-quarter revenue expectations on Monday thanks to steady ad demand for its biggest business, Dotdash Meredith.
IAC Considers A Spin-Off Of Angi After Q3 Report
IAC IAC announced in its third-quarter earnings report that it is considering a strategic move to spin off its ownership stake in Angi Inc. ANGI.
IAC (IAC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for IAC (IAC) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
