IAC Inc. (NASDAQ:IAC) Q1 2023 Earnings Conference Call May 10, 2023 8:30 AM ET
Company Participants
Christopher Halpin - Chief Financial Officer and COO
Joey Levin - Chief Executive Officer, IAC and Chief Executive Officer and Chairman, Angi Inc.
Conference Call Participants
Ross Sandler - Barclays
Cory Carpenter - JPMorgan
Brian Fitzgerald - Wells Fargo
John Blackledge - Cowen
Brent Thill - Jefferies
Jason Helfstein - Oppenheimer
Eric Sheridan - Goldman Sachs
Stephen Ju - Credit Suisse
Ygal Arounian - Citigroup
Youssef Squali - Truist
Justin Patterson - KeyBanc
Operator
Good morning. And welcome to the IAC and Angi First Quarter 2023 Earnings Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. Please note, this event is being recorded.
I would now like to turn the conference over to Christopher Halpin, CFO and COO of IAC. Please go ahead.
Christopher Halpin
Thank you. Good morning, everyone. Christopher Halpin here and welcome to the IAC and Angi Inc.’s first quarter earnings call. Joining me today is Joey Levin, CEO of IAC and CEO and Chairman of Angi Inc.
Similar to last quarter, supplemental to our quarterly earnings releases, IAC has also published its quarterly shareholder letter, which is currently available on the Investor Relations section of IAC’s website. We will not be reading the shareholder letter on this call. I will shortly turn the call over to Joey to make a few brief introductory remarks. We will then open it up to Q&A.
Before we get to that, I’d like to remind you that during this presentation, we may discuss our outlook and future performance. These forward-looking statements typically may be preceded by words such as we expect, we believe, we anticipate or similar statements.
These forward-looking views are subject to risks and uncertainties, and our actual results could differ materially from the views expressed today. Some of these risks have been set forth in IAC’s and Angi Inc.’s first quarter releases in our respective filings with the SEC.
We will also discuss certain non-GAAP measures, which, as a reminder, include adjusted EBITDA, which we will refer to today as EBITDA for simplicity during the call. I will also refer you to our releases, the IAC shareholder letter and again to the Investor Relations section of our respective websites for all comparable GAAP measures and full reconciliations for all material non-GAAP measures.