IAC Stock Gains as Vimeo Shows Strong Growth Ahead of Spinoff

Updated March 10, 2021 11:51 am ET / Original March 10, 2021 11:50 am ET Order Reprints Print Article Text size The IAC building in New York is the architect Frank Gehry’s first in the city. Mario Tama/Getty Images IAC shares are trading higher after the internet holding company posted its latest monthly performance update, showing more strong growth at the cloud-based video tools company Vimeo, which is expected to be spun out as a public company later this year. In February, IAC (ticker: IAC) said, Vimeo had revenue growth of 54%, with subscriber growth of 26%. It was the fourth straight month of revenue growth at 54% or higher, though down slightly from 57% in each of the previous two months. Subscriber growth has been accelerating, and reached a new peak in February. IAC continued to see strong results at Dotdash, the company’s collection of Web content sites. Revenue was up 45%, down from 54% in January but above the 44% level recorded in December.  ANGI Homeservices (ANGI), the company’s majority-owned and publicly traded home-services marketplace, saw revenue growth decelerate for the third straight month. Growth was 1%, down from 6% in January, 12% in December, and 14% in…
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