IAC Inc. (IAC): Riding the Wave of Digital Transformation with Glenn Dubin’s Billion-Dollar Bet

The investment world is buzzing with the latest picks from billionaire Glenn Russell Dubin, and IAC Inc. (NASDAQ:IAC) is front and center. Dubin’s portfolio, valued at $15.17 million in IAC as of March 2024, positions the company as his third top stock for 2025, with a projected 72.61% upside. But what makes IAC a standout in an era of AI hype and macroeconomic uncertainty? Let’s dissect the data.

IAC’s Q1 2025: A Masterclass in Resilience

IAC’s first-quarter results were a triumph, reinforcing its status as a diversified digital powerhouse. Dotdash Meredith, the company’s media juggernaut, reported a 46% year-over-year EBITDA surge, excluding a $36 million lease termination gain. Even more impressive: its digital revenue grew by 7%, driven by enterprise demand and licensing deals. Meanwhile, The Daily Beast achieved profitability, with income jumping 72% thanks to performance marketing and licensing.

The numbers don’t lie.

Strategic Moves to Unlock Value

IAC isn’t just riding trends—it’s shaping them. The recent spin-off of Angi (formerly HomeAdvisor) marks a bold restructuring play, freeing up capital to focus on high-growth verticals like caregiving (Care.com) and digital content (Dotdash Meredith). Management also upped its share repurchase authorization by 10 million shares, buying back 4.5 million in Q1 alone. This signals confidence in IAC’s valuation and its ability to return capital to shareholders.

Why the Upside Potential?

Dubin’s bet hinges on IAC’s alignment with three macro tailwinds:
1. Monetary easing: Fed rate cuts expected in 2025 will boost consumer and business spending, benefiting IAC’s marketplaces (Angi, Care.com) and ad-driven content platforms.
2. Capital market expansion: IAC’s spin-offs and restructuring position it to attract investors seeking undervalued digital assets.
3. Industrial revival: The U.S. industrial sector is projected to grow 26% in 2024, indirectly supporting demand for home services (Angi) and caregiving solutions (Care.com).

Even in a crowded AI landscape, IAC’s fundamentals hold weight. While Dubin acknowledges AI stocks (unnamed, trading below 5x earnings) may offer short-term gains, IAC’s diversified cash flows and operational improvements make it a safer long-term bet.

The Bottom Line: IAC’s 72.61% Upside is Grounded in Reality

With Dotdash Meredith’s digital sales expected to rise 7–9% in Q2 2025, and Care.com undergoing a strategic overhaul to capture the $1.2 trillion caregiving market, IAC’s growth engines are firing on all cylinders. Its Q1 results and management guidance suggest it’s on track to hit its full-year EBITDA targets.

Add in the $36 million windfall from the New York lease exit and a shareholder-friendly repurchase program, and IAC’s valuation looks compelling. At current prices, the stock trades at 11.2x forward EBITDA, a discount to its digital peers.

Conclusion: A Play for Both Bulls and Value Hunters

Glenn Dubin’s $15 million stake in IAC isn’t a gamble—it’s a calculated bet on a company primed to capitalize on its restructuring, macro trends, and undervalued assets. With a 72.61% upside potential supported by strong Q1 results, strategic moves, and secular growth drivers, IAC offers investors a rare blend of stability and upside in a volatile market.

While AI stocks may dazzle in the short term, IAC’s diversified portfolio and operational discipline make it a cornerstone for portfolios seeking both resilience and growth. For 2025 and beyond, this is one bet worth roaring about.

Data as of Q1 2025. Past performance does not guarantee future results.