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IAC IAC InterActiveCorp.

IAC/InterActiveCorpare is 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 25 years ago have emerged 10 public companies and generations of exceptional leaders. company will always evolve, but its basic principle of financially-disciplined opportunism will never change. IAC today operates Vimeo, Dotdash and Care.com, among many others, and has majority ownership of ANGI Homeservices, which includes HomeAdvisor, Angie’s List and Handy. The company is headquartered in New York City and has business operations and satellite offices worldwide.

Company profile

Ticker
IAC
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Former names
IAC Holdings, Inc.
SEC CIK
IRS number
843727412

IAC stock data

(
)

Calendar

17 Feb 21
11 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 3.48B 3.48B 3.48B 3.48B 3.48B 3.48B
Cash burn (monthly) 2.58M (positive/no burn) (positive/no burn) (positive/no burn) 19.81M 5.73M
Cash used (since last report) 8.75M n/a n/a n/a 67.14M 19.4M
Cash remaining 3.47B n/a n/a n/a 3.41B 3.46B
Runway (months of cash) 1343.8 n/a n/a n/a 172.1 603.9

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
31 Mar 21 Clinton Chelsea Common Stock, par value $0.001 Grant Aquire A No No 216.31 29 6.27K 49,511
31 Mar 21 IAC InterActiveCorp. Class A Common Stock, par value $0.001 Other Aquire J No No 15.66 2,556,146 40.03M 2,579,264
31 Mar 21 IAC InterActiveCorp. Class A Common Stock, par value $0.001 Other Aquire J No No 15.59 4,650 72.49K 23,118
31 Mar 21 IAC InterActiveCorp. Class A Common Stock, par value $0.001 Other Aquire J No No 15.04 9,229 138.8K 18,468
31 Mar 21 IAC InterActiveCorp. Class A Common Stock, par value $0.001 Other Aquire J No No 15.05 4,605 69.31K 9,239
31 Mar 21 IAC InterActiveCorp. Class A Common Stock, par value $0.001 Other Aquire J No No 15.33 4,634 71.04K 4,634
31 Mar 21 IAC InterActiveCorp. Class B Common Stock, par value $0.001 Class A Common Stock, par value $0.001 Other Aquire J No No 16.51 6,492 107.18K 421,958,021
31 Mar 21 IAC InterActiveCorp. Class B Common Stock, par value $0.001 Class A Common Stock, par value $0.001 Other Aquire J No No 12.93 25,602 331.03K 421,951,529
31 Mar 21 IAC InterActiveCorp. Class B Common Stock, par value $0.001 Class A Common Stock, par value $0.001 Other Aquire J No No 18.07 63,937 1.16M 421,925,927
31 Mar 21 Lourd Bryan Common Stock, par value $0.001 Grant Aquire A No No 216.31 70 15.14K 105,490

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

90.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 482 453 +6.4%
Opened positions 104 448 -76.8%
Closed positions 75 2 +3650.0%
Increased positions 170 3 +5566.7%
Reduced positions 133 1 +13200.0%
13F shares
Current Prev Q Change
Total value 13.72B 8.43B +62.8%
Total shares 72.23M 70.37M +2.6%
Total puts 927.77K 1.02M -8.8%
Total calls 1.09M 934.59K +16.2%
Total put/call ratio 0.9 1.1 -21.5%
Largest owners
Shares Value Change
Vanguard 6.7M $1.27B -3.2%
TROW T. Rowe Price 5.17M $979.05M -5.7%
BLK Blackrock 4.74M $897.12M +4.6%
Canada Pension Plan Investment Board 3.48M $658.99M -0.3%
MS Morgan Stanley 3.11M $588.89M +86.7%
First Manhattan 2.81M $532.91M +7.8%
Nuveen Asset Management 2.4M $453.54M -36.4%
Davis Selected Advisers 2.2M $415.81M -0.2%
Durable Capital Partners 2.06M $389.78M +58.4%
FMR 1.63M $309.39M +74.6%
Largest transactions
Shares Bought/sold Change
Luxor Capital 1.52M -2.51M -62.3%
MS Morgan Stanley 3.11M +1.44M +86.7%
Nuveen Asset Management 2.4M -1.37M -36.4%
Norges Bank 762.94K +762.94K NEW
Durable Capital Partners 2.06M +758.63K +58.4%
FMR 1.63M +697.99K +74.6%
Iridian Asset Management 548.6K +548.6K NEW
JPM JPMorgan Chase & Co. 666.24K +527.39K +379.8%
AREX Capital Management 0 -504.24K EXIT
WDR Waddell & Reed Financial 391.99K +391.99K NEW

Financial report summary

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Risks
  • Marketing efforts designed to drive visitors to our various brands and businesses may not be successful or cost-effective.
  • We rely on search engines to drive traffic to our various properties. Certain search engine operators offer products and services that compete directly with our products and services. If links to websites offering our products and services are not displayed prominently in search results, traffic to our properties could decline and our business could be adversely affected.
  • Certain of our businesses depend upon arrangements with Google.
  • Our success depends, in substantial part, on our continued ability to market, distribute and monetize our products and services through search engines, digital app stores and social media platforms.
  • Our success depends, in part, upon the continued migration of certain markets and industries online and the continued growth and acceptance of online products and services as effective alternatives to traditional offline products and services.
  • Our success depends, in part, on our continued ability to develop and monetize versions of our products and services for mobile and other digital devices.
  • Our success depends, in part, on the ability of ANGI Homeservices and Care.com to establish and maintain relationships with quality and trustworthy service professionals and caregivers.
  • Our success depends, in part, on the ability of ANGI Homeservices to expand pre-priced booking services.
  • Our ability to engage directly with our users, subscribers, consumers, service professionals and caregivers directly on a timely basis is critical to our success.
  • Our success depends, in part, on our ability to access, collect and use personal data about our users and subscribers.
  • Mr. Diller, certain members of his family and Mr. Levin are able to exercise significant influence over the composition of IAC’s Board of Directors, matters subject to stockholder approval and/or IAC’s operations.
  • We may not freely access the cash of ANGI Homeservices and its subsidiaries.
  • You may experience dilution with respect to your investment in IAC, and we may experience dilution with respect to our investment in ANGI Homeservices, as a result of compensatory equity awards.
  • Our Vimeo business may not be able to scale its business effectively.
  • Our Vimeo business may experience service interruptions.
  • The hosting and delivery costs borne by our Vimeo business may increase unexpectedly.
  • Our businesses operate in especially competitive and evolving industries.
  • Our businesses are sensitive to general economic events or trends, particularly those that adversely impact advertising spending levels and consumer confidence and spending behavior.
  • Our success depends, in part, on our ability to build, maintain and/or enhance our various brands.
  • The global outbreak of COVID-19 and other similar outbreaks could adversely affect our business, financial condition and results of operations.
  • We may not be able to protect our systems, technology and infrastructure from cyberattacks and cyberattacks experienced by third parties may adversely affect us.
  • If personal, confidential or sensitive user information is breached or otherwise accessed by unauthorized persons, it may be costly for us to mitigate and our reputation could be harmed.
  • The processing, storage, use and disclosure of personal data could give rise to liabilities and increased costs.
  • Our success depends, in part, on the integrity, quality, efficiency and scalability of our systems, technology and infrastructure, and those of third parties.
  • We depend on our key personnel.
  • The Spin-off may be abandoned by IAC at any time prior to completion, and is subject to certain closing conditions that, if not satisfied or waived, will result in the Spin-off not being completed. If the Spin-off is not completed, the market price of IAC securities may decline.
  • IAC and New Vimeo may be unable to achieve some or all of the benefits that they expect to achieve through the Spin-off.
  • Following the Spin-off, the financial profile of each of IAC and New Vimeo will change, and each will be a smaller, less diversified company than IAC prior to the Spin-off.
  • If the Spin-off were to fail to qualify as a transaction that is generally tax-free for U.S. federal income tax purposes, IAC, New Vimeo and their respective stockholders could suffer material adverse consequences.
  • The aggregate value of the IAC and New Vimeo securities that current holders of IAC capital stock receive in the Spin-off might be less than the value of the IAC securities that they held before the Spin-off.
  • Substantial sales of IAC common stock following the Spin-off, or the perception that such sales might occur, could depress the market price of IAC common stock, which is already expected to be lower than the pre-Spin-off market price of IAC common stock due to IAC no longer having any ownership interest in its Vimeo business.
  • After the Spin-off, financial institutions could remove IAC securities from investment indices. In addition, IAC securities may not meet the investment guidelines of institutional investors. In either case, these factors could negatively impact the price of IAC securities and could impair the ability of IAC to raise capital through the sale of securities.
Management Discussion
  • •ANGI revenue increased 11% to $1.5 billion driven by Marketplace Revenue growth of $138.7 million, or 14%, and an increase of $6.9 million, or 3%, in Advertising & Other Revenue, partially offset by a decline of $3.8 million, or 5%, at the European businesses. The increase in Marketplace Revenue was due primarily to an increase of 18% in Marketplace Service Requests to 32.4 million resulting in a 4% increase in Marketplace Monetized Transactions to 16.7 million, and an increase in revenue of $73.8 million due to the change to gross revenue reporting for Handy and HomeAdvisor’s pre-priced product offering, effective January 1, 2020. Advertising & Other Revenue increased due primarily to an increase in Angie's List revenue driven by an increase in Advertising SPs. The revenue decline at the European businesses was due primarily to the impact of COVID-19 and lower monetization from transitioning the business in France to a common European technology platform with the businesses in the Netherlands and Italy, which began in early February 2020, partially offset by the favorable impact of the weakening of the U.S. dollar relative to the EURO and British Pound.
Content analysis
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Positive
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Constraining
Legalese
Litigous
Readability
H.S. junior Avg

Proxies

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