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

 

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 Trading Symbol(s) Name of each exchange on which registered
Common Stock, par value $0.0001 IAC 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 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.

 

      1/2021       2/2021       3/2021       4/2021       5/2021       6/2021  
Angi Inc.                                                
Marketplace Revenue     4 %     -2 %     35 %     27 %     5 %     5 %
Advertising and Other Revenue     6 %     5 %     10 %     10 %     14 %     14 %
Total North America Revenue     5 %     -1 %     30 %     24 %     7 %     7 %
Europe Revenue     18 %     27 %     61 %     53 %     12 %     1 %
Total Revenue     6 %     1 %     31 %     25 %     7 %     7 %
                                                 
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 %     6 %     6 %     7 %     7 %     6 %
                                                 
Dotdash                                                
Display Advertising Revenue     24 %     20 %     28 %     70 %     73 %     64 %
Performance Marketing Revenue     111 %     100 %     87 %     62 %     59 %     51 %
Total Revenue     54 %     45 %     47 %     67 %     67 %     59 %
                                                 
Search                                                
Ask Media Group Revenue     33 %     30 %     66 %     85 %     80 %     54 %
Desktop Revenue     -35 %     -32 %     -24 %     -30 %     -25 %     -17 %
Total Revenue     9 %     8 %     35 %     43 %     45 %     32 %
                                                 
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.

 

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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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