Current Report Filing (8-k)
July 12 2021 - 4:11PM
Edgar (US Regulatory)
0001800227
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0001800227
2021-07-12
2021-07-12
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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): July 12, 2021
IAC/INTERACTIVECORP
(Exact name of registrant as specified
in charter)
Delaware
|
|
001-39356
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84-3727412
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(State
or other jurisdiction
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(Commission
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(IRS
Employer
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of
incorporation)
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File
Number)
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Identification
No.)
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555
West 18th Street, New
York, NY
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10011
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s telephone number, including
area code: (212) 314-7300
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(Former name or former address, if changed since last report)
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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:
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¨
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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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 $0.0001
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IAC
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The Nasdaq Stock Market LLC
(Nasdaq Global Select Market)
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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
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Results of Operations and Financial Condition.
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Item 7.01
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Regulation FD Disclosure.
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On July 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 June 30, 2021, as set forth immediately below.
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1/2021
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2/2021
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3/2021
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4/2021
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5/2021
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6/2021
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Angi Inc.
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Marketplace Revenue
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4
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%
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-2
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%
|
|
|
35
|
%
|
|
|
27
|
%
|
|
|
5
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%
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|
|
5
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%
|
Advertising and Other Revenue
|
|
|
6
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%
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|
|
5
|
%
|
|
|
10
|
%
|
|
|
10
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%
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|
|
14
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%
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|
|
14
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%
|
Total North America Revenue
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|
|
5
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%
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-1
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%
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|
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30
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%
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|
|
24
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%
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|
|
7
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%
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|
|
7
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%
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Europe Revenue
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|
18
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%
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|
|
27
|
%
|
|
|
61
|
%
|
|
|
53
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%
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|
|
12
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%
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|
|
1
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%
|
Total Revenue
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|
|
6
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%
|
|
|
1
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%
|
|
|
31
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%
|
|
|
25
|
%
|
|
|
7
|
%
|
|
|
7
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
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|
Marketplace Service Requests
|
|
|
10
|
%
|
|
|
17
|
%
|
|
|
60
|
%
|
|
|
30
|
%
|
|
|
-7
|
%
|
|
|
-13
|
%
|
Marketplace Monetized Transactions
|
|
|
0
|
%
|
|
|
3
|
%
|
|
|
46
|
%
|
|
|
28
|
%
|
|
|
5
|
%
|
|
|
3
|
%
|
Marketplace Transacting Service Professionals
|
|
|
11
|
%
|
|
|
9
|
%
|
|
|
11
|
%
|
|
|
14
|
%
|
|
|
16
|
%
|
|
|
16
|
%
|
Advertising Service Professionals
|
|
|
7
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%
|
|
|
6
|
%
|
|
|
6
|
%
|
|
|
7
|
%
|
|
|
7
|
%
|
|
|
6
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%
|
|
|
|
|
|
|
|
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|
|
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|
Dotdash
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Display Advertising Revenue
|
|
|
24
|
%
|
|
|
20
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%
|
|
|
28
|
%
|
|
|
70
|
%
|
|
|
73
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%
|
|
|
64
|
%
|
Performance Marketing Revenue
|
|
|
111
|
%
|
|
|
100
|
%
|
|
|
87
|
%
|
|
|
62
|
%
|
|
|
59
|
%
|
|
|
51
|
%
|
Total Revenue
|
|
|
54
|
%
|
|
|
45
|
%
|
|
|
47
|
%
|
|
|
67
|
%
|
|
|
67
|
%
|
|
|
59
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%
|
|
|
|
|
|
|
|
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|
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Search
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Ask Media Group Revenue
|
|
|
33
|
%
|
|
|
30
|
%
|
|
|
66
|
%
|
|
|
85
|
%
|
|
|
80
|
%
|
|
|
54
|
%
|
Desktop Revenue
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|
|
-35
|
%
|
|
|
-32
|
%
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|
|
-24
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%
|
|
|
-30
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%
|
|
|
-25
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%
|
|
|
-17
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%
|
Total Revenue
|
|
|
9
|
%
|
|
|
8
|
%
|
|
|
35
|
%
|
|
|
43
|
%
|
|
|
45
|
%
|
|
|
32
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%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
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Emerging & Other
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Revenue
|
|
|
137
|
%
|
|
|
83
|
%
|
|
|
41
|
%
|
|
|
36
|
%
|
|
|
44
|
%
|
|
|
40
|
%
|
|
(1)
|
As
of the date of this report, the Registrant has not yet completed its financial close
process for the quarter ended June 30, 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 June 30, 2021, 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/
Kendall Handler
|
|
Name:
|
Kendall Handler
|
|
Title:
|
Senior Vice President, General Counsel & Secretary
|
Date: July 12, 2021
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