IAC

To build companies by being the world's most successful incubator of category-defining internet companies.

IAC SWOT Analysis

Updated: October 2, 2025 • 2025-Q4 Analysis

How to Use This Analysis

This analysis for IAC was created using Alignment.io™ methodology - a proven strategic planning system trusted in over 75,000 strategic planning projects. We've designed it as a helpful companion for your team's strategic process, leveraging leading AI models to analyze publicly available data.

While this represents what AI sees from public data, you know your company's true reality. That's why we recommend using Alignment.io and The System of Alignment™ to conduct your strategic planning—using these AI-generated insights as inspiration and reference points to blend with your team's invaluable knowledge.

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The IAC SWOT analysis reveals a pivotal moment for the company. Its core strengths in capital allocation and its proven spin-off playbook provide a robust foundation. However, this is weighed down by the significant operational drag from Angi's ongoing turnaround and Dotdash Meredith's vulnerability to the ad market. The path forward is clear but challenging: management must surgically fix Angi while simultaneously leveraging its balance sheet for a new, transformative growth engine. The opportunities in AI and strategic M&A are immense, but execution must be flawless to combat economic headwinds and competitive threats. This is a builder's moment; success hinges on rediscovering the next massive growth pillar while diligently optimizing the current portfolio. The strategy must be one of repair and reinvention, leveraging past successes to fuel future growth.

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Mission & Vision SWOT Analysis OKR Plan Retrospective AI Strategy Data Acquisition

To build companies by being the world's most successful incubator of category-defining internet companies.

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Strengths

CAPITAL: Strong balance sheet with over $1.5B cash for M&A moves
DIVERSIFICATION: Portfolio across digital media, home services
LEADERSHIP: Experienced management team with a strong track record
PLAYBOOK: Proven ability to buy, build, and spin-off major firms
ASSETS: Ownership stakes in growth companies like Turo, Vivian

Weaknesses

ANGI: Persistent revenue declines and profitability struggles at Angi
ADVERTISING: Dotdash Meredith's heavy reliance on volatile ad market
GROWTH: Lack of a clear, massive growth engine post-Match spin-off
COMPLEXITY: Holding company structure can be complex for investors
PERFORMANCE: Recent stock underperformance relative to tech indices

Opportunities

TURNAROUND: Successfully fixing Angi could unlock significant value
AI: Infusing AI across Dotdash/Angi to boost efficiency & UX
M&A: Depressed market valuations create ripe acquisition targets
DIVERSIFY: Grow Dotdash's e-commerce & non-advertising revenues
MONETIZE: Future IPOs or sales of investments like Turo and Vivian

Threats

COMPETITION: Intense rivalry in digital media and home services
ECONOMY: A recession would severely impact ad and discretionary spend
GOOGLE: Algorithm changes (SGE) pose a major risk to search traffic
INTEREST RATES: Higher rates make accretive M&A more challenging
REGULATION: Increased antitrust scrutiny on large tech companies

Key Priorities

ANGI: Urgently execute the Angi turnaround to restore growth path
AI: Systematically deploy AI to create efficiencies and new value
REVENUE: Diversify Dotdash Meredith's revenue beyond advertising
ACQUISITION: Leverage balance sheet for a transformative acquisition

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IAC OKR

Updated: October 2, 2025 • 2025-Q4 Analysis

The IAC OKR plan is a masterclass in focus and strategic alignment. It directly confronts the company's most significant challenges and opportunities identified in the SWOT analysis, creating a clear narrative for value creation. The objectives to 'REVITALIZE ANGI' and 'EVOLVE MEDIA' are crucial for shoring up the core, while 'PIONEER AI' and 'EXPAND HORIZONS' represent the bold, forward-looking bets that define IAC's legacy. This dual focus on repair and reinvention is precisely what the moment demands. The key results are specific and outcome-driven, providing a clear roadmap for execution. If achieved, this plan will not only stabilize the current portfolio but also set the stage for IAC's next major chapter of growth.

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No past cycles

Mission & Vision SWOT Analysis OKR Plan Retrospective AI Strategy Data Acquisition

To build companies by being the world's most successful incubator of category-defining internet companies.

REVITALIZE ANGI

Reignite growth and profitability in our home services platform.

GROWTH: Shift Angi Ads revenue from -15% to +5% YoY by focusing on high-performing pro segments.
ADOPTION: Increase repeat customers using Angi Services direct booking from 60% to 75% for better control.
PROFIT: Improve Angi's Adjusted EBITDA margin from break-even to a sustainable 10% through efficiencies.
RETENTION: Boost monthly active service professional retention by 20% via improved tools and job flow.

PIONEER AI

Embed AI to create step-change efficiency and user value.

EFFICIENCY: Reduce content production costs at Dotdash Meredith by 30% using AI-assisted tools.
MATCHING: Improve the job-to-pro match success rate on Angi by 25% with a new AI-powered algorithm.
DEFENSE: Launch a new content format to retain 90% of traffic from segments impacted by Google SGE.
INNOVATION: Ship three new AI-driven features across the portfolio that increase user engagement by 15%.

EVOLVE MEDIA

Transform Dotdash Meredith into a multi-faceted digital powerhouse.

DIVERSIFY: Grow non-advertising revenue (commerce, licensing) to represent 35% of total DDM revenue.
ECOMMERCE: Increase commerce-driven revenue by 40% through enhanced content-to-cart integrations.
VIDEO: Double video-based ad revenue by launching two new original series on high-traffic properties.
DATA: Launch a first-party data platform for advertisers, securing 25 major brands as launch partners.

EXPAND HORIZONS

Acquire and integrate a new pillar of growth for IAC.

PIPELINE: Identify and formally evaluate 10 potential acquisition targets with >$500M revenue potential.
EXECUTE: Successfully close the acquisition of one new platform company in a high-growth digital sector.
INTEGRATE: Achieve day-90 integration milestones for the acquired company on-time and on-budget.
SYNERGY: Develop a 1-year plan demonstrating clear revenue or cost synergies between new and old assets.

METRICS

Total Shareholder Return (TSR): 15% Annually
Adjusted EBITDA: $750M
Portfolio Revenue Growth: 10% (ex-Angi)

VALUES

Long-Term Perspective
Decentralized Leadership
Calculated Risk-Taking
Operational Excellence
Bias for Action

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IAC Retrospective

AI-Powered Insights

Claude

Gemini

GPT

IAC Q1 2024 Earnings Report & Shareholder Letter
IAC Investor Relations Website
SEC Filings (10-K, 10-Q)
Public financial data from Yahoo Finance and Bloomberg
Press releases and media coverage on IAC, Angi, and Dotdash Meredith

Alphabet Meta Platforms Amazon Naspers KKR

No past cycles

Mission & Vision SWOT Analysis OKR Plan Retrospective AI Strategy Data Acquisition

To build companies by being the world's most successful incubator of category-defining internet companies.

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What Went Well

COSTS: Disciplined cost management at Dotdash Meredith preserved margins
CASH FLOW: Generated positive operating cash flow despite headwinds
EMERGING: Strong growth in emerging portfolio (Vivian Health)
ANGI SERVICES: Continued growth in the Angi Services direct-booking model
BALANCE SHEET: Maintained balance sheet strength and flexibility

Not So Well

ANGI REVENUE: Overall Angi revenue continues to decline year-over-year
ADVERTISING: Digital advertising revenue at Dotdash Meredith remains soft
SEARCH: Search segment revenue declined due to partner changes
PROFITABILITY: GAAP Net Loss reflects challenges and impairment charges
GUIDANCE: Cautious outlook reflects ongoing macroeconomic uncertainty

Learnings

TURNAROUND: Angi's turnaround is complex and taking longer than expected
AD MARKET: The ad market recovery is uneven and not broad-based yet
AI IMPACT: Early AI implementations are driving efficiency gains
CONSUMER: Consumer demand for discretionary services remains pressured
COST CONTROL: Aggressive cost control is critical in this environment

Action Items

ANGI: Continue simplifying Angi platform to improve user experience
DOTDASH: Further diversify Dotdash revenue streams into e-commerce
AI: Accelerate AI integration for content and operational efficiency
M&A: Actively evaluate strategic acquisition opportunities in market
CAPITAL: Prudently manage capital, focusing on long-term value

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Organization	SWOT Analysis	OKR Plan	Top 6	Retrospective

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IAC Market

AI-Powered Insights

Claude

Gemini

GPT

IAC Q1 2024 Earnings Report & Shareholder Letter
IAC Investor Relations Website
SEC Filings (10-K, 10-Q)
Public financial data from Yahoo Finance and Bloomberg
Press releases and media coverage on IAC, Angi, and Dotdash Meredith

Founded: 1995
Market Share: Varies by segment (leader in some niches)
Customer Base: Consumers and SMBs via portfolio companies
Category:
Internet Holding Company
SIC Code: 7375 Information Retrieval Services
NAICS Code: 551112 Offices of Other Holding Companies
Location: New York, NY
Zip Code: 10011 New York, New York
Congressional District: NY-12 NEW YORK
Employees: 10400

Competitors

Alphabet View Analysis

Meta Platforms Request Analysis

Amazon View Analysis

Naspers Request Analysis

KKR View Analysis

Products & Services

No products or services data available

Distribution Channels

IAC Business Model Analysis

AI-Powered Insights

Claude

Gemini

GPT

IAC Q1 2024 Earnings Report & Shareholder Letter
IAC Investor Relations Website
SEC Filings (10-K, 10-Q)
Public financial data from Yahoo Finance and Bloomberg
Press releases and media coverage on IAC, Angi, and Dotdash Meredith

Problem

Under-resourced digital businesses can't scale
Shareholders can't access focused growth
Entrepreneurs lack operational expertise

Solution

Provide capital and operational guidance
Incubate and spin-off focused public companies
Install world-class management teams

Key Metrics

Total Shareholder Return (TSR)
Portfolio company revenue growth
Adjusted EBITDA and Free Cash Flow

Unique

Patient, permanent capital base
Proven playbook for value creation via spin-offs
Operational focus, not just financial engineering

Advantage

Decades of internet M&A experience
Reputation as a premier partner for founders
Decentralized structure attracts top talent

Channels

Investor relations and public markets
Direct outreach for M&A opportunities
Portfolio company brands reach consumers

Customer Segments

Public market investors seeking growth
Founders/owners of digital companies
End users of portfolio company services

Costs

Corporate overhead and executive compensation
Cost of capital for acquisitions
Operating expenses of portfolio companies

IAC Product Market Fit Analysis

Updated: October 2, 2025

IAC builds enduring internet companies. It provides promising digital brands with the patient capital and deep operational expertise needed to achieve category leadership. This unique model has a proven history of creating massive, independent public companies and delivering exceptional long-term shareholder returns, moving markets from fragmented potential to focused, scaled success.

Unlocking value through operational expertise

Providing patient capital for long-term growth

Creating standalone public companies

Before State

Fragmented digital markets
Sub-scale internet businesses struggle
Lack of patient, operational capital

After State

Brands achieve category leadership
Companies reach scale and profitability
Shareholder value is unlocked via spin-offs

Negative Impacts

High failure rate for digital startups
Inability to compete with tech giants
Missed growth and market opportunities

Positive Outcomes

Creation of multi-billion dollar companies
Sustainable long-term growth for brands
Superior returns for IAC shareholders

Key Metrics

Customer Retention Rates

~65% at Angi

Net Promoter Score (NPS)

Varies, ~40-50 avg

User Growth Rate

Flat to low single digits

Customer Feedback/Reviews

8,000+ on G2 (Angi)

Repeat Purchase Rates

~60% for Angi Services

Requirements

Access to capital and operational experts
A long-term, patient investment horizon
Structure that fosters entrepreneurialism

Why IAC

Acquire promising but underperforming assets
Install strong leadership and drive ops
Spin-off mature businesses to unlock value

IAC Competitive Advantage

Unique holding structure with no fixed term
Deep bench of internet operating talent
Proven playbook for scaling digital brands

Proof Points

Match Group: Spun off at a $40B+ valuation
Vimeo: Spun off at a $6B+ valuation
Expedia: Spun off in 2005, now a giant

IAC Market Positioning

AI-Powered Insights

Claude

Gemini

GPT

IAC Q1 2024 Earnings Report & Shareholder Letter
IAC Investor Relations Website
SEC Filings (10-K, 10-Q)
Public financial data from Yahoo Finance and Bloomberg
Press releases and media coverage on IAC, Angi, and Dotdash Meredith

Strategic pillars derived from our vision-focused SWOT analysis

Actively manage assets, seeking spin-offs

Embed AI to drive efficiency & user value

Drive profitability in core assets like Angi

Acquire next-gen, category-leading businesses

What You Do

Acquire, build, and operate digital brands

Target Market

Shareholders and entrepreneurs of digital co's

Differentiation

Permanent capital base vs. PE funds
Operational expertise, not just financial
Willingness to spin-off successful assets

Revenue Streams

Advertising (Dotdash Meredith)
Transaction fees (Angi)
Subscriptions (Care.com)

IAC Operations and Technology

AI-Powered Insights

Claude

Gemini

GPT

IAC Q1 2024 Earnings Report & Shareholder Letter
IAC Investor Relations Website
SEC Filings (10-K, 10-Q)
Public financial data from Yahoo Finance and Bloomberg
Press releases and media coverage on IAC, Angi, and Dotdash Meredith

Company Operations

Organizational Structure: Decentralized holding company
Supply Chain: Primarily digital, minimal physical supply
Tech Patents: Patents held by individual operating cos.
Website: https://www.iac.com/

Top Clients

Board Members

IAC Competitive Forces

Threat of New Entry

MEDIUM: While starting a holding company is easy, replicating IAC's track record, reputation, and operational expertise is very difficult.

Supplier Power

MEDIUM: 'Suppliers' are acquisition targets. In a hot market, they have power; in a downturn, IAC has more leverage.

Buyer Power

LOW: The primary 'buyers' are public market investors. Individual investors have little power, though large institutions can influence.

Threat of Substitution

HIGH: Investors can 'substitute' by directly investing in tech stocks or ETFs, bypassing IAC's curated portfolio model.

Competitive Rivalry

HIGH: Competes with PE firms (KKR, Blackstone), VCs, and other tech conglomerates (Alphabet, Naspers) for deals and talent.

Analysis of AI Strategy

Updated: October 2, 2025 • 2025-Q4 Analysis

The IAC AI SWOT Analysis underscores a dual imperative: defense and offense. IAC possesses formidable data assets within Dotdash Meredith and Angi, which are the essential fuel for creating differentiated AI applications. This presents a clear offensive opportunity to enhance user experiences and drive massive operational efficiencies. However, the external threat, particularly from Google's AI-driven search evolution, is existential for its largest business. The decentralized structure, once a strength, could become a weakness, leading to fragmented efforts. Therefore, the strategic priority must be to establish a centralized AI center of excellence to arm its businesses, focusing first on defending its search traffic moat while simultaneously embedding AI to create undeniable product value that transcends traditional search engine dependency. Winning requires a coordinated, portfolio-wide AI mobilization.

Alphabet Meta Platforms Amazon Naspers KKR

No past cycles

Mission & Vision SWOT Analysis OKR Plan Retrospective AI Strategy Data Acquisition

To build companies by being the world's most successful incubator of category-defining internet companies.

Strengths

DATA: Massive, proprietary content corpus from Dotdash for LLM fine-tuning
BEHAVIOR: Rich user intent data from Angi for predictive AI matching
SCALE: Large user bases to deploy and test AI features rapidly
CAPITAL: Financial resources to invest in AI talent and tech stacks
EXPERIENCE: History of adapting to major tech shifts (web, mobile)

Weaknesses

TALENT: Competition for top-tier AI researchers and engineers is fierce
DECENTRALIZED: Lack of a central AI R&D hub may slow innovation
LEGACY TECH: Some portfolio companies may have tech debt hindering AI
STRATEGY: No clearly articulated, unified AI vision across the portfolio
MONETIZATION: Unclear path to monetizing AI investments directly

Opportunities

CONTENT: AI-assisted content creation and optimization at Dotdash
MATCHING: Hyper-personalized service pro matching and pricing at Angi
EFFICIENCY: Automate back-office, support, and marketing functions
DUE DILIGENCE: Use AI to identify and evaluate potential M&A targets
NEW PRODUCTS: Launch AI-native services based on existing data assets

Threats

GOOGLE SGE: AI-powered search could disintermediate Dotdash's content
COMPETITORS: Rivals may leverage AI more effectively to gain share
DEVALUATION: Proliferation of AI content could devalue premium media
REGULATION: Privacy and bias regulations could limit AI model use
COSTS: High cost of model training and inference could hurt margins

Key Priorities

EFFICIENCY: Prioritize AI for operational efficiency and cost reduction
PRODUCT: Embed AI into core products (Angi matching, Dotdash content)
DEFENSE: Develop a strategy to mitigate the threat of Google's SGE
TALENT: Invest in acquiring and developing centralized AI expertise

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IAC Financial Performance

AI-Powered Insights

Claude

Gemini

GPT

IAC Q1 2024 Earnings Report & Shareholder Letter
IAC Investor Relations Website
SEC Filings (10-K, 10-Q)
Public financial data from Yahoo Finance and Bloomberg
Press releases and media coverage on IAC, Angi, and Dotdash Meredith

Profit: -$1.17 Billion (Net Loss, TTM)

Market Cap: $4.5 Billion

Stock Performance

Annual Report: Available on IAC's investor relations site

Debt: $1.9 Billion (Long-term debt)

ROI Impact: Turnaround at Angi is key to profit and ROI

SWOT Index

Composite strategic assessment with 10-year outlook

/ 100

Strategic Operator

ICM Index

STRATEGIC ADVISOR ASSESSMENT

IAC's ambition is high, but current performance challenges, particularly at Angi, temper its achievability. The SWOT score reflects this tension, with strong opportunities offset by significant weaknesses. The OKRs are well-structured and impactful, but not yet humanity-shaping. The company's AI potential is high due to its data assets. The resulting Iconic Index places it as a 'Strategic Operator'—a powerful builder facing a critical execution phase to unlock its next tier of growth.

SWOT Factors

Upside: 68.0 Risk: 76.0

OKR Impact

AI Leverage

Top 3 Strategic Levers

Execute the Angi turnaround to restore profitability and growth.

Leverage AI to defend Dotdash's moat and drive efficiencies.

Complete a transformative acquisition to create a new growth pillar.

AI Disclosure

This report was created using the Alignment Method—our proprietary process for guiding AI to reveal how it interprets your business and industry. These insights are for informational purposes only and do not constitute financial, legal, tax, or investment advice.

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