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IAC/InterActiveCorp's (IAC) CEO Joey Levin on Q1 2020 Results - Earnings Call Transcript

May 07, 2020 11:49 PM ETIAC Inc. (IAC)
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IAC/InterActiveCorp (NASDAQ:IAC) Q1 2020 Earnings Conference Call May 7, 2020 8:30 AM ET

Company Participants

Glenn Schiffman – Chief Financial Officer

Joey Levin – Chief Executive Officer and Chairman-ANGI Homeservices

Brandon Ridenour – Chief Executive Officer-ANGI Homeservices

Conference Call Participants

John Blackledge – Cowen

Brad Erickson – Needham & Company

Cory Carpenter – JPMorgan

Kunal Madhukar – Deutsche Bank

Jason Helfstein – Oppenheimer

Dan Salmon – BMO Capital Markets

Eric Sheridan – UBS

Ross Sandler – Barclays

Nick Jones – Citi

Ygal Arounian – Wedbush Securities


Good day, and welcome to the ANGI Homeservices reports Q1 2020 results conference call. At this time, I would like to turn the conference over to Glenn Schiffman, Chief Financial Officer of IAC. Please go ahead, sir.

Glenn Schiffman

Thank you, operator. Good morning, everyone, and hope you all are safe. Glenn Schiffman here, and welcome to the ANGI Homeservices first quarter earnings call. Joining me today is Joey Levin, Chairman of ANGI Homeservices and CEO of IAC; and Brandon Ridenour, CEO of ANGI Homeservices. Joey and I will also address any questions you may have on IAC’s first quarter results.

Similar to last quarter, supplemental to our quarterly earnings releases, IAC has also published its quarterly shareholder letter. We will not be reading the shareholder letter on this call. It is currently available on the Investor Relations section of our website. I will shortly turn the call over to Joey to make a few brief introductory remarks, and then we will open it up to Q&A.

Before we get to that, I’d like to remind you that during this call, 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 such statements. These forward-looking views are subject to risks and uncertainties, and

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