IAC InterActive Corp. Announces Strategic Shifts and Operational Streamlining
IAC InterActive Corp (ticker: IAC) is streamlining operations by divesting non-core assets like Care.com to refocus on People Inc. and MGM Resorts, while reducing reliance on Google search traffic. The company reported a shift toward self-owned digital revenue channels with an increase in 'non-session-based' income contributing 41% of total digital revenue.
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Topics: corporate strategy digital revenue growth free cash flow guidance operational restructuring