IAC Inc.'s Strategic Position in the Digital Media and Tech Ecosystem

In the ever-evolving digital media and technology landscape, IAC Inc. (IAC) has emerged as a masterclass in strategic reinvention. By leveraging diversification, innovation, and disciplined capital allocation, the company has positioned itself to unlock long-term shareholder value while navigating the challenges of a fragmented media ecosystem. Recent moves, including the spin-off of its Angi division and a renewed focus on digital publishing, underscore IAC's ability to adapt to market shifts and capitalize on high-growth opportunities.

Digital Publishing: A Pillar of Growth and Resilience

IAC's digital publishing arm, rebranded as People Inc. (formerly Dotdash Meredith), has become a cornerstone of its strategy. In Q2 2025, the segment reported digital revenue of $260 million, reflecting a 9% year-over-year increase compared to $238 million in Q2 2024IAC Q2 2025 slides reveal 15% EBITDA growth, claims shares trading at substantial discount^[2]. This growth is driven by a deliberate shift away from reliance on Google Search traffic, which now accounts for 28% of core sessions—down from 52% in Q2 2023IAC Q2 2025 slides reveal 15% EBITDA growth, claims shares trading at substantial discount^[2]. Instead, IAC has prioritized off-platform engagement, with 14,699 million off-platform views recorded in Q2 2025, representing a 24% compound annual growth rate since Q2 2023IAC Q2 2025 slides reveal 15% EBITDA growth, claims shares trading at substantial discount^[2].

The monetization strategy is equally robust, with advertising contributing 62% of digital revenue, performance marketing 23%, and licensing 15%IAC Q2 2025 slides reveal 15% EBITDA growth, claims shares trading at substantial discount^[2]. Innovations like the People app and D/Cipher+, a data targeting solution, are expanding IAC's advertising capabilities beyond its owned inventory, enabling superior ad targeting across platforms such as Apple News, YouTube, and TikTokIAC to Participate in the Goldman Sachs Communacopia & Technology Conference^[3]. These initiatives align with broader industry trends emphasizing human-expert-driven content and cross-platform audience engagementIAC to Participate in the Goldman Sachs Communacopia & Technology Conference^[3].

The Angi Spin-Off: Unlocking Value Through Strategic Separation

IAC's recent spin-off of Angi, completed on March 31, 2025, exemplifies its long-standing playbook of creating standalone entities to maximize valueIAC COMPLETES SPIN-OFF OF ANGI, NOW AN INDEPENDENT COMPANY^[1]. Shareholders received approximately 0.5251 shares of Angi Class A common stock for each IAC share held, with a 1-10 reverse stock split eliminating Angi's dual-class voting structureIAC COMPLETES SPIN-OFF OF ANGI, NOW AN INDEPENDENT COMPANY^[1]. This move not only clarifies IAC's focus on digital publishing, e-commerce, and advertising but also enhances Angi's flexibility for M&A and capital raisingIAC COMPLETES SPIN-OFF OF ANGI, NOW AN INDEPENDENT COMPANY^[1].

Leadership transitions further reinforce the spin-off's strategic intent. Joey Levin, IAC's former CEO, now serves as Executive Chairman of Angi, while Barry Diller, IAC's Chairman, emphasized that the separation allows both companies to pursue distinct growth trajectoriesIAC COMPLETES SPIN-OFF OF ANGI, NOW AN INDEPENDENT COMPANY^[1]. By shedding the home services division, IAC can allocate capital more efficiently to high-potential areas like its Dotdash Meredith subsidiary and emerging venturesIAC Q2 2025 slides reveal 15% EBITDA growth, claims shares trading at substantial discount^[2].

Goldman Sachs Communacopia 2025: A Platform for Investor Confidence

IAC's participation in the Goldman Sachs Communacopia & Technology Conference on September 9, 2025, underscores its commitment to engaging with investors and showcasing its strategic visionIAC COMPLETES SPIN-OFF OF ANGI, NOW AN INDEPENDENT COMPANY^[1]. Christopher Halpin, IAC's COO and CFO, will lead a fireside chat, providing transparency on the company's financial performance and growth plansIAC COMPLETES SPIN-OFF OF ANGI, NOW AN INDEPENDENT COMPANY^[1]. The event, accessible via live webcast, offers a rare opportunity for stakeholders to assess IAC's progress in executing its capital allocation strategy and expanding its digital footprintIAC COMPLETES SPIN-OFF OF ANGI, NOW AN INDEPENDENT COMPANY^[1].

A Compelling Case for Long-Term Investment

IAC's strategic moves are paying dividends. Digital Adjusted EBITDA for Q2 2025 reached $68-73 million, with margins of 25-28%, and the company projects 7-9% digital revenue growth in Q3 2025IAC Q2 2025 slides reveal 15% EBITDA growth, claims shares trading at substantial discount^[2]. These metrics, combined with a history of successful spin-offs (e.g., Match Group, Vimeo), highlight IAC's ability to transform businesses into independent powerhousesIAC to Participate in the Goldman Sachs Communacopia & Technology Conference^[3]. As AI-driven search and shifting consumer habits reshape the media landscape, IAC's emphasis on diversification, innovation, and operational agility positions it as a resilient player in the digital ecosystem.