IAC Inc at JPMorgan Global Technology, Media and Communications Conference Transcript

Feb 07, 2024

May 22, 2023 / 01:20PM GMT
Cory Alan Carpenter - JPMorgan Chase & Co, Research Division - Analyst

All right. Pleased to have Joey Levin with us today, CEO of IAC and now, Angi, fresh out of the Boston traffic. So thanks for joining us.

Joseph M. Levin - IAC Inc. - CEO & Director

Thanks for having me.

Questions and Answers:

Cory Alan Carpenter - JPMorgan Chase & Co, Research Division - Analyst

So we'll kick it off, Joey. Just to start, you took over as Angi's CEO about 6 months ago. What are the key changes you've made thus far? How would you characterize the state of the business today?

Joseph M. Levin - IAC Inc. - CEO & Director

We've made a lot of changes. The -- probably easiest to explain and most obvious is on the cost side. We took out quite a bit of cost, which I think we're both healthy to take out in terms of we can operate better, but also have sped up the organization in a way that I think is very good. It's also removed some distractions from the business. So we

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