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IAC/InterActiveCorp – ‘8-K’ for 4/12/21

On:  Monday, 4/12/21, at 4:33pm ET   ·   For:  4/12/21   ·   Accession #:  1104659-21-49354   ·   File #:  1-39356

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/12/21  IAC/InterActiveCorp               8-K:2,7     4/12/21   10:250K                                   Toppan Merrill/FA

Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     50K 
 6: R1          Cover                                               HTML     46K 
 8: XML         IDEA XML File -- Filing Summary                      XML     11K 
 5: XML         XBRL Instance -- tm2112706d2_8k_htm                  XML     14K 
 7: EXCEL       IDEA Workbook of Financial Reports                  XLSX      6K 
 3: EX-101.LAB  XBRL Labels -- iac-20210412_lab                      XML     96K 
 4: EX-101.PRE  XBRL Presentations -- iac-20210412_pre               XML     64K 
 2: EX-101.SCH  XBRL Schema -- iac-20210412                          XSD     12K 
 9: JSON        XBRL Instance as JSON Data -- MetaLinks               25±    33K 
10: ZIP         XBRL Zipped Folder -- 0001104659-21-049354-xbrl      Zip     13K

‘8-K’   —   Current Report

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM  i 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):   i April 12, 2021

 

 i IAC/INTERACTIVECORP

(Exact name of registrant as specified in charter)

 

 i Delaware    i 001-39356    i 84-3727412
(State or other jurisdiction   (Commission   (IRS Employer
of incorporation)   File Number)   Identification No.)

 

 i 555 West 18th Street,  i New York,  i NY    i 10011
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: ( i 212)  i 314-7300

 

 

  (Former name or former address, if changed since last report)  

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

 i ¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 i ¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 i ¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 i ¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading Symbol(s) Name of each exchange on which registered
 i Common Stock, par value $0.001  i IAC  i The Nasdaq Stock Market LLC
(Nasdaq Global Select Market)

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company  i ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 C: 

 

 

Item 2.02 Results of Operations and Financial Condition.
Item 7.01 Regulation FD Disclosure.

 

On April 12, 2021, the Registrant announced that it had posted a shareholder letter on the investor relations section of its website (https://ir.iac.com/quarterly-results), which letter contains preliminary monthly trends for its various financial reporting segments through March 31, 2021, as set forth immediately below.

 

   9/2020   10/2020   11/2020   12/2020   1/2021   2/2021   3/2021 
Angi Inc.                                   
Marketplace Revenue   12%   13%   18%   15%   4%   -2%   35%
Advertising & Other Revenue   1%   2%   3%   4%   6%   5%   10%
Total North America Revenue   10%   10%   15%   12%   5%   -1%   30%
Europe Revenue   -5%   -3%   4%   10%   18%   27%   61%
Total Angi Inc. Revenue   9%   10%   14%   12%   6%   1%   31%
                                    
Marketplace Service Requests   30%   21%   17%   15%   10%   17%   60%
Marketplace Monetized Transactions   10%   5%   4%   3%   0%   3%   47%
Marketplace Transacting Service Professionals   9%   10%   11%   11%   11%   9%   11%
Advertising Service Professionals   5%   6%   6%   7%   7%   6%   6%
                                    
Vimeo                                   
Total Revenue   49%   49%   54%   57%   57%   54%   60%
Ending Subscribers   21%   22%   24%   24%   25%   26%   25%
Average Revenue per User ("ARPU")   25%   23%   26%   27%   26%   27%   26%
                                    
Dotdash                                   
Display Advertising Revenue   14%   5%   16%   27%   24%   20%   28%
Performance Marketing Revenue   72%   68%   100%   91%   111%   100%   87%
Total Revenue   29%   20%   34%   44%   54%   45%   47%
                                    
Search                                   
Ask Media Group Revenue   6%   14%   44%   59%   33%   30%   66%
Desktop Revenue   -42%   -44%   -35%   -29%   -35%   -32%   -24%
Total Revenue   -14%   -9%   12%   27%   9%   8%   35%
                                    
Emerging & Other                                   
Total Revenue   101%   90%   109%   119%   137%   83%   41%

 

 

 

(1)As of the date of this report, the Registrant has not yet completed its financial close process for the quarter ended March 31, 2021 and its monthly results continue to be volatile as the global COVID-19 pandemic continues to change consumer and business behavior in unpredictable ways. As a result, the information set forth above is preliminary and based upon information available to the Registrant as of the date of this report. During the course of the Registrant’s financial close process for the quarter ended March 31, 2021, it may identify items that would require adjustments to the information set forth above, which could be material.

 

 C: 

 C: 2

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  IAC/InterActiveCorp
   
  By: /s/ Kendall Handler
  Name: Kendall Handler
  Title: Senior Vice President, General Counsel & Secretary

 

Date: April 12, 2021

 

 C: 

3

 

 C: 

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