8-K - IAC - Equibles

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): April 12, 2022

IAC/INTERACTIVECORP

(Exact name of registrant as specified in charter)

Delaware	001-39356	84-3727412
(State<br> or other jurisdiction	(Commission	(IRS<br> Employer
of<br> incorporation)	File<br> Number)	Identification<br> No.)
555<br> West 18th Street, New<br> York, NY	10011
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(Address<br> of principal executive offices)	(Zip<br> 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<br>communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨	Soliciting<br>material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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¨	Pre-commencement<br>communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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¨	Pre-commencement<br>communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading<br> Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.0001	IAC	The Nasdaq Stock Market LLC<br> (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.
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On April 12, 2022, 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 (year over year) for its various financial reporting segments through March 31, 2022, as set forth immediately below.

	9/2021	****	10/2021	****	11/2021	****	12/2021	****	1/2022	****	2/2022	****	3/2022 (1)	****
Dotdash<br> Meredith
Digital<br> Revenue	25	%	17	%	13	%	273	%	248	%	226	%	219	%
Print<br> Revenue	NM		NM		NM		NM		NM		NM		NM
Total<br> Revenue	25	%	17	%	13	%	569	%	684	%	683	%	634	%
Pro Forma<br> Digital Revenue	17	%	6	%	5	%	-3	%	2	%	0	%	-8	%
Pro<br> Forma Print Revenue	3	%	-15	%	-3	%	-3	%	-11	%	-10	%	-5	%
Total<br> Pro Forma Revenue (2)	8	%	-7	%	0	%	-4	%	-5	%	-7	%	-6	%
Angi<br> Inc.
Angi Ads<br> and Leads	0	%	-2	%	-2	%	0	%	-2	%	1	%	-7	%
Angi<br> Services (3)	148	%	124	%	125	%	101	%	91	%	132	%	102	%
Total North<br> America Revenue	19	%	15	%	18	%	17	%	13	%	20	%	10	%
Europe<br> Revenue	4	%	4	%	1	%	-4	%	0	%	-3	%	-8	%
Total<br> Revenue	18	%	15	%	17	%	16	%	12	%	18	%	9	%
Angi Service<br> Requests	-8	%	-8	%	-2	%	-3	%	-5	%	-11	%	-20	%
Angi Monetized<br> Transactions	2	%	0	%	5	%	4	%	0	%	-2	%	-14	%
Angi Transacting<br> Service Professionals	7	%	4	%	1	%	-1	%	-2	%	-3	%	-4	%
Angi Advertising<br> Service Professionals	1	%	-1	%	-2	%	-4	%	-5	%	-6	%	-11	%
Search
Ask Media<br> Group Revenue	110	%	109	%	56	%	64	%	48	%	37	%	22	%
Desktop<br> Revenue	-20	%	-15	%	-15	%	-21	%	-20	%	-19	%	-22	%
Total<br> Revenue	74	%	79	%	40	%	47	%	33	%	25	%	14	%
Emerging<br> & Other (4)
Total<br> Revenue	33	%	33	%	21	%	69	%	13	%	1	%	13	%
(1)	As<br> of the date of this report, the Registrant has not yet completed its financial close process<br> for the quarter ended March 31, 2022 and its monthly results continue to be volatile<br> as the global COVID-19 pandemic continues to change consumer and business behavior in unpredictable<br> ways. As a result, the information set forth above is preliminary and based upon information<br> available to the Registrant as of the date of this report. During the course of the Registrant’s<br> financial close process for the quarter ended March 31, 2022, it may identify items that<br> would require adjustments to the information set forth above, which could be material.
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(2)	Pro Forma reflects the inclusion of Meredith revenue for all<br>periods prior to the Meredith acquisition on December 1, 2021. Meredith’s programmatic advertising revenue has been presented on<br>a net basis to conform to IAC’s accounting policies.
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(3)	Includes<br>revenue from Total Home Roofing, Inc. (“Angi Roofing”), which was acquired on July 1, 2021.
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(4)	February 2021 and December<br> 2021 includes revenue from an IAC Films project recognized during the month.
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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/<br> Kendall Handler
Name:	Kendall Handler
Title:	Executive Vice President & Chief Legal Officer

Date: April 12, 2022