IAC Inc. is a major American holding company that owns and operates a vast portfolio of digital brands across various industries, including media, technology, and online services.
Understanding who owns IAC Inc provides insights into the company’s governance, strategic direction, and market position. This article explores IAC’s ownership structure, major shareholders, financial performance, market share, competitors, and extensive brand portfolio.
History of IAC Inc.
IAC (InterActiveCorp) was founded in 1986 as Silver King Broadcasting by media mogul Barry Diller. Over the years, the company expanded through strategic acquisitions and investments, evolving into a powerhouse of digital businesses. In the early 2000s, IAC acquired major internet-based companies such as Expedia, Match.com, and Ask.com.
IAC is known for spinning off successful companies, such as Expedia in 2005, Match Group in 2015, and Vimeo in 2021. Today, IAC continues to invest in emerging technology and digital services, maintaining its reputation as an incubator for innovative online businesses.
Who Owns IAC Inc?
IAC Inc. is a publicly traded company listed on the NASDAQ under the ticker symbol IAC. Unlike companies with a majority single owner, IAC’s shares are widely held by institutional investors, mutual funds, retail investors, and company executives.
The company has a diverse ownership structure, with some of the largest asset management firms, including Vanguard Group and BlackRock, holding significant stakes.
IAC’s leadership and board members also retain shares, ensuring vested interest in the company’s long-term growth and strategic direction. This diversified ownership model provides stability while allowing for active investor participation in key corporate decisions.
List of IAC’s Shareholders
Vanguard Group Inc. (~9%)
Vanguard Group is one of the largest asset management firms globally. It holds approximately 9% of IAC Inc.’s shares, making it the company’s largest institutional investor. Vanguard specializes in index funds and long-term investment strategies, contributing to IAC’s financial stability.
BlackRock Inc. (~8%)
BlackRock, a leading global investment management corporation, owns around 8% of IAC’s shares. The firm is known for its involvement in major technology and media companies, influencing corporate governance through its extensive voting power.
FMR LLC (Fidelity Investments) (~7%)
Fidelity Investments, one of the largest mutual fund companies in the world, holds about 7% of IAC’s shares. Its stake underscores the long-term growth potential institutional investors see in IAC’s business model.
State Street Corporation (~5%)
State Street Corporation is a key institutional investor that owns around 5% of IAC. Known for its passive investment strategies, State Street plays a role in maintaining IAC’s stock stability through broad index fund holdings.
Capital Research and Management (~4%)
Capital Research and Management, a division of Capital Group, holds roughly 4% of IAC. The firm is known for active portfolio management and long-term strategic investments in digital businesses.
Retail and Other Institutional Investors (~67%)
A combination of hedge funds, investment firms, and individual investors hold the remaining 67% of IAC Inc.’s shares. This diversified investor base ensures market liquidity and widespread interest in the company’s performance.
Who Controls IAC Inc?
IAC is managed by a board of directors and executive leadership that drives the company’s strategic initiatives. While no single entity holds a majority, institutional investors and the board influence major decisions.
Key Decision-Makers
- Barry Diller (Chairman and Senior Executive) – A media industry veteran, Diller has been instrumental in shaping IAC’s growth and investment strategy.
- Joey Levin (CEO) – As the current CEO, Levin oversees IAC’s business operations, acquisitions, and corporate strategy.
- IAC’s Board of Directors – Composed of experienced business leaders who guide the company’s long-term vision.
Annual Revenue and Net Worth
Financial Overview
IAC Inc. reported a revenue of approximately $5.5 billion in 2023, reflecting its diversified business operations across various digital sectors. This represents a 7% year-over-year growth compared to $5.1 billion in 2022.
IAC’s net worth in 2024 is estimated at $10 billion, considering its assets, investments, and the market capitalization of its publicly traded subsidiaries.
Historical Revenue Growth (Year-over-Year)
- 2023: $5.5 billion (7% growth) – Strong performance from digital media and online services.
- 2022: $5.1 billion (5% growth) – Recovery from economic slowdowns and expansion in online commerce.
- 2021: $4.85 billion (12% growth) – Boosted by increased digital advertising and e-commerce activity.
- 2020: $4.3 billion (6% decline) – Pandemic-driven impacts on various sectors.
- 2019: $4.6 billion (8% growth) – Strong expansion in digital investments.
- 2018: $4.25 billion (10% growth) – Increased acquisitions and advertising revenue.
- 2017: $3.85 billion (7% growth) – Continued investment in online services and media properties.
- 2016: $3.6 billion (5% growth) – Growth fueled by Match Group and new ventures.
Market Share and Competitors
IAC’s Market Share
IAC operates in various sectors, including digital media, online services, and e-commerce. The company holds a significant share in the online publishing market through brands like Dotdash Meredith. In the online dating industry, IAC was once dominant before spinning off Match Group.
IAC’s market share continues to grow as it expands into new digital ventures, leveraging its strong financial position and innovative business model.
Competitor Breakdown
Alphabet Inc. (Google)
Google competes with IAC in digital advertising and media content. Its vast search engine dominance impacts IAC’s web properties, making it a key competitor.
Amazon
As IAC expands into e-commerce and digital content, it faces competition from Amazon’s massive retail and streaming services.
Meta (Facebook, Instagram, WhatsApp)
Meta competes with IAC’s online media and advertising businesses, particularly in the social media-driven advertising sector.
News Corp and The New York Times
In the online publishing sector, IAC competes with traditional media giants that have adapted to digital platforms.
Brands Owned by IAC Inc.
Dotdash Meredith
One of the largest digital media companies, Dotdash Meredith owns brands like Investopedia, The Spruce, and People Magazine, competing in the online publishing space.
Angi Inc. (formerly Angie’s List)
A leading home services marketplace that connects consumers with professionals for home improvement projects.
Care.com
An online platform for finding caregivers, nannies, and senior care services.
Mosaic Group
Develops and operates mobile applications across various categories, from utilities to productivity.
Ask Media Group
A collection of question-answering and search-driven content websites, including Ask.com.
The Daily Beast
A digital news and opinion website focusing on investigative journalism and political commentary.
Turo (Minority Stake)
A peer-to-peer car-sharing platform that allows private vehicle rentals.
Meredith Corp Digital Assets
Includes Better Homes & Gardens and Parents Magazine, expanding IAC’s media presence.
Conclusion
IAC Inc. is a publicly traded company with ownership distributed among institutional investors, mutual funds, and individual shareholders.
With a diversified portfolio spanning digital media, e-commerce, and online services, IAC continues to innovate and expand. Understanding who owns IAC Inc provides insight into its corporate governance and growth strategy in the competitive digital landscape.
FAQs
Who is the largest shareholder of IAC Inc.?
Vanguard Group and BlackRock Inc. are among the largest institutional shareholders of IAC Inc.
What is IAC Inc.’s net worth?
IAC’s estimated net worth in 2024 is approximately $10 billion.
What are the major brands owned by IAC?
IAC owns Dotdash Meredith, Angi, Care.com, Mosaic Group, and Ask Media Group, among others.
What is IAC’s market share in digital media?
IAC holds a significant share in the online publishing sector, mainly through Dotdash Meredith.