IAC Inc at Barclays Global Technology, Media and Telecommunications Conference Transcript

Feb 07, 2024

Dec 08, 2022 / 06:25PM GMT
Ross Adam Sandler - Barclays Bank PLC, Research Division - MD of Americas Equity Research & Senior Internet Analyst

All right. We're going to get started. Thank you, everybody, for attending this session. My name is Ross Sandler. I run the Internet team here at Barclays. Super excited to have the guys from IAC back again in person after a nice 2-year hiatus.

Questions and Answers:

Ross Adam Sandler - Barclays Bank PLC, Research Division - MD of Americas Equity Research & Senior Internet Analyst

Chris, maybe we could just dive right in. Start with macro, you guys released the November metrics this morning. Maybe just on the advertising side. So DDM down 16%, a slight downtick on a 2-year stack. Just walk us through kind of what you're seeing on that business.

Christopher P. Halpin - IAC Inc. - Executive VP & CFO

Sure, and great to be here. Thanks for having us. There's 3 main trends underlying the down 16% in digital revenues at Dotdash Meredith. The first is overall advertising market, classic

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