IAC feels inspiration from Angi's rebranding in its first earnings report after Vimeo's spin-off

Lightweight IAC / InterActive Corp. The first revenue report following the Vimeo spin-off in May launched its latest chapter on Wednesday. A year ago, now the renovation company Angi Inc. The focus is on implementing rebranding in. Angie, -4.68% Dotdash, a collection of media brands such as Brides and Liquor.com, is driving further growth. IAC IAC, -2.63% Second-quarter sales were $ 829.5 million, up from $ 695 million in the year-ago quarter. Analysts tracked by FactSet expected $ 835 million, but the consensus figures include some estimates before the Vimeo spin-off was complete. More than half of the company’s revenue comes from Angi, investing $ 421 million in the top line, up from $ 375.1 million, but below the $ 425 million FactSet consensus. IAC shares fell 2.4% in after-hours trading after the results were announced. The closing price fell 0.4% to $ 134.25. As an S & P 500 index, this year’s stock price has risen 6.6% so far. SPX, + 0.17% It has increased by 17.8%. Angie is in the midst of a rebranding under the new CEO, Oisin Murphy, as she focuses on building a contemporary twist on Angie’s list. Han Rahan told MarketWatch that the company…
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