Current Report Filing (8-k)
October 07 2020 - 4:28PM
Edgar (US Regulatory)
0001800227
false
0001800227
2020-10-07
2020-10-07
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM 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): October 7, 2020
IAC/InterActiveCorp
(Exact name of registrant as specified
in charter)
Delaware
|
|
001-39356
|
|
84-3727412
|
(State
or other jurisdiction
|
|
(Commission
|
|
(IRS
Employer
|
of
incorporation)
|
|
File
Number)
|
|
Identification
No.)
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555
West 18th Street, New
York, NY
|
|
10011
|
(Address
of principal executive offices)
|
|
(Zip
Code)
|
Registrant’s telephone number, including
area code: (212) 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:
|
¨
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
¨
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
¨
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
|
¨
|
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
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Trading
Symbol(s)
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Name of each exchange on which registered
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Common Stock, par value $0.001
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IAC
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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 ¨
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. ¨
Item 2.02 Results of Operations and Financial Condition.
Item 7.01 Regulation FD Disclosure.
On October 7, 2020, the Registrant announced
that it had posted a shareholder letter on the investor relations section of its website (https://www.iac.com/investor-relations/overview/),
which letter contains preliminary monthly trends for its various financial reporting segments through September 30, 2020, as set
forth immediately below.
|
|
Year Over Year Growth (1)
|
|
|
|
1/2020
|
|
|
2/2020
|
|
|
3/2020
|
|
|
4/2020
|
|
|
5/2020
|
|
|
6/2020
|
|
|
7/2020
|
|
|
8/2020
|
|
|
9/2020
|
|
ANGI
Homeservices
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Marketplace
Revenue
|
|
25
|
%
|
|
27
|
%
|
|
3
|
%
|
|
-2
|
%
|
|
20
|
%
|
|
18
|
%
|
|
10
|
%
|
|
15
|
%
|
|
12
|
%
|
Advertising
& Other Revenue
|
|
7
|
%
|
|
8
|
%
|
|
4
|
%
|
|
4
|
%
|
|
1
|
%
|
|
0
|
%
|
|
-2
|
%
|
|
-1
|
%
|
|
2
|
%
|
Total North America
Revenue
|
|
21
|
%
|
|
23
|
%
|
|
3
|
%
|
|
-1
|
%
|
|
16
|
%
|
|
15
|
%
|
|
7
|
%
|
|
12
|
%
|
|
10
|
%
|
Europe
Revenue
|
|
3
|
%
|
|
-3
|
%
|
|
-27
|
%
|
|
-28
|
%
|
|
-7
|
%
|
|
8
|
%
|
|
-5
|
%
|
|
2
|
%
|
|
-5
|
%
|
Total
ANGI Homeservices Revenue
|
|
19
|
%
|
|
21
|
%
|
|
1
|
%
|
|
-2
|
%
|
|
15
|
%
|
|
14
|
%
|
|
7
|
%
|
|
12
|
%
|
|
9
|
%
|
Other ANGI Homeservices
Metrics
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Marketplace Service
Requests
|
|
11
|
%
|
|
13
|
%
|
|
-12
|
%
|
|
-8
|
%
|
|
27
|
%
|
|
34
|
%
|
|
24
|
%
|
|
33
|
%
|
|
30
|
%
|
Marketplace Monetized
Transactions
|
|
4
|
%
|
|
11
|
%
|
|
-11
|
%
|
|
-11
|
%
|
|
8
|
%
|
|
10
|
%
|
|
5
|
%
|
|
10
|
%
|
|
10
|
%
|
Marketplace Transacting
Service Professionals
|
|
8
|
%
|
|
8
|
%
|
|
5
|
%
|
|
4
|
%
|
|
4
|
%
|
|
3
|
%
|
|
7
|
%
|
|
9
|
%
|
|
9
|
%
|
Advertising Service
Professionals
|
|
4
|
%
|
|
7
|
%
|
|
4
|
%
|
|
4
|
%
|
|
3
|
%
|
|
4
|
%
|
|
5
|
%
|
|
6
|
%
|
|
5
|
%
|
Vimeo
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
Revenue
|
|
30
|
%
|
|
34
|
%
|
|
29
|
%
|
|
46
|
%
|
|
52
|
%
|
|
43
|
%
|
|
40
|
%
|
|
43
|
%
|
|
48
|
%
|
Ending Subscribers
|
|
29
|
%
|
|
29
|
%
|
|
31
|
%
|
|
35
|
%
|
|
39
|
%
|
|
16
|
%
|
|
17
|
%
|
|
19
|
%
|
|
20
|
%
|
Dotdash
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Display Advertising
Revenue
|
|
17
|
%
|
|
17
|
%
|
|
12
|
%
|
|
-5
|
%
|
|
-13
|
%
|
|
-6
|
%
|
|
3
|
%
|
|
9
|
%
|
|
15
|
%
|
Performance
Marketing Revenue
|
|
70
|
%
|
|
65
|
%
|
|
96
|
%
|
|
114
|
%
|
|
121
|
%
|
|
87
|
%
|
|
69
|
%
|
|
70
|
%
|
|
72
|
%
|
Total
Revenue
|
|
31
|
%
|
|
29
|
%
|
|
30
|
%
|
|
23
|
%
|
|
17
|
%
|
|
16
|
%
|
|
22
|
%
|
|
27
|
%
|
|
29
|
%
|
Search
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ask Media Group
Revenue
|
|
-1
|
%
|
|
9
|
%
|
|
-4
|
%
|
|
-22
|
%
|
|
-26
|
%
|
|
-11
|
%
|
|
-13
|
%
|
|
-12
|
%
|
|
6
|
%
|
Desktop
Revenue
|
|
-42
|
%
|
|
-43
|
%
|
|
-47
|
%
|
|
-47
|
%
|
|
-51
|
%
|
|
-47
|
%
|
|
-44
|
%
|
|
-44
|
%
|
|
-42
|
%
|
Total
Revenue
|
|
-21
|
%
|
|
-17
|
%
|
|
-25
|
%
|
|
-33
|
%
|
|
-37
|
%
|
|
-27
|
%
|
|
-26
|
%
|
|
-25
|
%
|
|
-14
|
%
|
Emerging
& Other
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
Revenue
|
|
8
|
%
|
|
26
|
%
|
|
63
|
%
|
|
67
|
%
|
|
49
|
%
|
|
65
|
%
|
|
77
|
%
|
|
71
|
%
|
|
97
|
%
|
|
(1)
|
As of the date of this report, the Registrant has not yet
completed its financial close process for the quarter ended September 30, 2020 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 September 30, 2020,
it may identify items that would require adjustments to the information set forth above, which could be material.
|
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/ Gregg Winiarski
|
|
Name:
|
Gregg Winiarski
|
|
Title:
|
Executive Vice President,
|
|
|
General Counsel & Secretary
|
|
|
Date: October 7, 2020
|
|
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