IAC and PwC: 2022 US digital ad revenue rose 10.8% YoY to $209.7B, down from 35% growth in 2021; social media ad revenue rose 3.6% YoY, down from ~39% in 2021
winners include @amazon @netflix @hbomax as Retail Media & streamers win; social media ad biz slowing down (except @tiktok_us ) .. must read from @megancgraham https://www.wsj.com/... @mrdcohen : The ...
Vimeo stock fell 12.85% on Tuesday, its first day of trading as a public company after spinning off from IAC, closing at $45.39/share, with a ~$7.2B market cap
IAC shareholders will vote on the spinoff of Vimeo on May 14; Vimeo posted Q1 revenue of $89.4M, up 57% YoY
Emily Bary / MarketWatch : See also Mediagazer
Vimeo raises $300M at a valuation of $6B, nearly doubling in value in less than three months, ahead of the unit's scheduled spinoff from IAC in Q2
Brody Ford / Bloomberg :
Vimeo raises $150M, says revenue grew 44% YoY to $75.1M in Q3, it has 1.5M paying subscribers, 3,500+ enterprise clients, is contemplating a spin-off from IAC
Anthony Ha / TechCrunch : See also Mediagazer
Peer-to-peer car sharing marketplace Turo raises $250M Series E from IAC at a $1B+ valuation, bringing its total raised to nearly $450M
Darrell Etherington / TechCrunch :
Peer-to-peer car sharing marketplace Turo raises $250M Series E from IAC at a $1B+ valuation, bringing its total raised to nearly $450M
Car-sharing startup Turo has raised $250 million in a Series E round of funding from IAC, the internet media company that owned and spun out Match.com, and OKCupid.
IAC's Vimeo generated $160M in revenue in 2018, up from $103.3M in 2017, as its subscribers grew to 952,000, up 9% YoY
IAC's Dotdash, which owns Investopedia and remnants of About.com, posts $131M revenue in 2018, up 44% YoY, and expects 21% revenue growth YoY for 2019
Max Willens / Digiday : Tweets: @rafat and @pkafka See also Mediagazer Tweets: Rafat Ali / @rafat : Also congrats to @neilvogel & team for crossing $100mn revenue mark and great profit margins for co...
Tinder Owner Match Group Debuts On Nasdaq At $13.50/Share, Up 12.5%
After a bizarre interview from one of its executives on the day of its IPO pricing, today Match Group, owner of the popular Tinder dating app, listed as a public company, spinning out from its parent ...