InterActiveCorp (IAC) is a prominent player in the media and internet industry, renowned for its strategic investments and development of globally recognized brands.
Headquartered in New York City, the company has built a diverse portfolio encompassing publishing, e-commerce, video streaming, and more.
Through its innovative approach to digital platforms, IAC has established itself as an influential force driving the evolution of online services.
Who Owns InterActiveCorp?
InterActiveCorp is a publicly traded company, meaning its ownership is distributed among shareholders who hold its publicly available stocks.
These shareholders include institutional investors, mutual funds, and individual investors.
Unlike privately owned firms, IAC operates under the governance of its board of directors and executive leadership, with decisions influenced by shareholder interests.
What Companies Does InterActiveCorp Own?
InterActiveCorp owns and operates a wide range of companies spanning multiple industries, each contributing to its position as a leader in the digital marketplace. Below are the key businesses under its umbrella:
Vimeo
Vimeo is one of IAC’s most recognized properties, offering a premium video platform catering to creators and professionals. Known for its high-quality video tools and ad-free video experiences, Vimeo serves businesses and content creators across the globe. Though spun off into its own publicly traded company in 2021, Vimeo remains a significant past investment that underscores IAC’s focus on innovative digital platforms.
Angi
Angi, formerly known as Angie’s List, is a home services platform that connects homeowners with vetted local professionals for remodeling, maintenance, and repair work. After acquiring Angie’s List in 2017, IAC merged it with its existing HomeAdvisor platform to create a leading hub in the home services sector.
Dotdash Meredith
Dotdash Meredith is a digital publishing powerhouse, housing some of the most well-known media brands in the world. These include Better Homes & Gardens, People, Investopedia, and The Spruce, among others. IAC merged its own Dotdash property with Meredith Corporation to expand its influence and offer high-quality content across lifestyle, finance, and entertainment categories.
Care.com
Care.com, another key company in IAC’s portfolio, is a comprehensive platform connecting families with caregivers for services such as child care, elder care, pet care, and housekeeping. This acquisition helped IAC extend its reach into the family care industry, supporting millions of users worldwide.
Ask Media Group
Ask Media Group, which includes Ask.com, is a digital question-and-answer platform empowering users to access customized search results and informational resources. Ask.com was one of IAC’s earlier internet successes, reflecting its commitment to building and maintaining useful online tools.
The Daily Beast
IAC also owns The Daily Beast, a cutting-edge digital media outlet delivering breaking news, investigative journalism, and thought-provoking opinion pieces. Known for its sharp editorial tone, The Daily Beast complements IAC’s diversified media holdings.
Match Group (Former Ownership)
IAC once owned Match Group, the parent company of well-known dating platforms like Tinder, Match.com, and OkCupid.
Match Group was spun off into its own publicly traded entity in 2020, continuing its legacy as an IAC-incubated success story.
These companies represent just a segment of the wide range of properties that IAC has nurtured over the years, reflecting its ability to innovate and diversify across emerging industries.
When Was InterActiveCorp Founded?
InterActiveCorp was founded in 1995, initially as part of a larger television broadcasting company before pivoting to focus on internet and digital businesses.
Over the years, IAC has gone through various transformations, leveraging its entrepreneurial spirit to adapt to changing consumer habits and technologies.
Who Is the CEO of InterActiveCorp?
The CEO of InterActiveCorp is Joey Levin, who has been at the helm since 2015. Under Levin’s leadership, IAC has continued its tradition of incubating and investing in disruptive online platforms.
His strategic vision has played a significant role in navigating IAC’s evolution and fostering its growth.
Where Is the Headquarters of InterActiveCorp?
InterActiveCorp is headquartered in New York City, USA. Its central location in one of the most influential financial and cultural hubs positions IAC to access top talent, partnerships, and global business opportunities.
What Is the Annual Revenue of InterActiveCorp?
InterActiveCorp’s annual revenue is $3.87 billion as of 2024, depending on the performance of its diverse portfolio.
These revenues reflect the contributions of its major holdings, like Angi and Dotdash Meredith, alongside its smaller digital and e-commerce platforms.
How Many Employees Does InterActiveCorp Have?
IAC employs approximately 17,000 people worldwide across its various brands and divisions.
This includes technology teams, content creators, support staff, and business strategists, all contributing to the company’s dynamic and innovative culture.
Final Thoughts!
InterActiveCorp is a trailblazer in the fields of media and internet technology, known for its ability to identify and elevate promising businesses.
Through its acquisitions of companies like Vimeo, Angi, and Dotdash Meredith, IAC has demonstrated its commitment to fostering digital solutions that meet modern-day needs.
Founded in 1995 and led by CEO Joey Levin, IAC continues to thrive from its headquarters in New York City, with annual revenue in the billions and a global workforce driving its success.
Looking ahead, IAC remains well-positioned to explore new ventures and maintain its status as a leader in the digital age.
FAQs
What kind of company is IAC?
IAC, or InterActiveCorp, is a media and internet company that owns and operates a wide range of digital brands across various sectors. Its portfolio includes businesses in publishing, video streaming, home services, online care platforms, and digital media. IAC is known for its innovative approach to building and investing in online platforms, making it a significant player in the digital economy.
What does IAC stand for?
IAC stands for InterActiveCorp. The name reflects the company’s commitment to interactive and digital media businesses, showcasing its focus on creating and managing platforms that connect users, provide valuable tools, and deliver engaging experiences.
What is the net worth of IAC?
The net worth of IAC is estimated 3.87 billion. IAC’s valuation is driven by its ownership of major brands like Angi and Dotdash Meredith, alongside its investments in emerging industries and tech-forward businesses.