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IAC is an internet holding company that owns and builds a collection of online businesses, most notably the dating app giant Match Group and the home-services marketplace Angi.
IAC is not really one company so much as a collection of internet businesses, run from a New York headquarters like a portfolio of bets. For most of its modern life its crown jewel was Match Group, the owner of Tinder, Hinge, and Match.com, and dating apps were the engine that powered the whole thing. But in 2024 IAC spun Match Group off completely, so IAC today is a smaller, scrappier collection of mostly home-services, media, and early-stage internet assets.
The biggest remaining engine is Angi, a marketplace that connects homeowners with plumbers, electricians, roofers, and cleaners. Angi doesn't swing the hammer itself. It sells leads and subscriptions to contractors who want to find customers, and takes a slice of the value of that matchmaking. Homeowners search, contractors pay for the connection, and Angi sits in the middle collecting the fee. Around that core sits a grab bag of other bets, including the publishing empire Dotdash Meredith, whose magazines and websites (People, Better Homes & Gardens, Investopedia) make money from advertising and licensing, and Care.com, a marketplace for finding caregivers. IAC has a long history of quietly incubating businesses inside its walls and then spinning them out to shareholders — Match, Expedia, and Ticketmaster all came out of IAC at some point — and it still operates with that same investor mindset.
The honest picture is a company that has been shrinking and restructuring. With Match gone, IAC's remaining businesses have struggled to grow fast, and management has been cutting costs and selling assets to simplify the story. Its strategy is straightforward: hold a pile of internet assets, run them for cash, and build or buy new ones that might eventually become the next big spinoff.
Saved answer · last researched 6 Nov 2026