Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

People Incorporated (IAC) / Equity Bottom-Up

<ul><li>IAC's first quarter of 2023 portrays a mixed landscape of challenges and opportunities as it treads cautiously in a transforming digital environment marked by the emergence of generative AI.</li><li>Revenue and profit growth signify a resilient performance in specific segments, underscored by strategic realignment and enhanced focus on operational efficiency.</li><li>A key positive from this quarter is the notable progress IAC has made in growing profit and expanding its free cash flows, further bolstering its capital deployment capabilities.</li></ul>

IAC's first quarter of 2023 portrays a mixed landscape of challenges and opportunities as it treads cautiously in a transforming digital environment marked by the emergence of generative AI.Revenue and profit growth signify a resilient performance in specific segments, underscored by strategic realignment and enhanced focus on operational efficiency.A key positive from this quarter is the notable progress IAC has made in growing profit and expanding its free cash flows, further bolstering its capital deployment capabilities.

IAC Inc.: The Story Of Expanding Digital Content and Advertising Platforms!  - Major Drivers

<ul><li>InterActiveCorp (IAC) has undergone changes throughout 2023 that resulted in substantial earnings growth in the fourth quarter, which is an encouraging indication of the company's overall strategic direction.</li><li>Among the company's accomplishments are a solid level of service professional retention, better targeting of service professionals, and improvements in its paid marketing, resulting in higher margins.</li><li>Notably, IAC's European segment showed strong growth, demonstrating the effectiveness of its strategies when applied in different markets.</li></ul>

InterActiveCorp (IAC) has undergone changes throughout 2023 that resulted in substantial earnings growth in the fourth quarter, which is an encouraging indication of the company's overall strategic direction.Among the company's accomplishments are a solid level of service professional retention, better targeting of service professionals, and improvements in its paid marketing, resulting in higher margins.Notably, IAC's European segment showed strong growth, demonstrating the effectiveness of its strategies when applied in different markets.

IAC/ InterActiveCorp: Is The Improved User Experience and Premium Traffic Growth Here To Stay? - Major Drivers

<ul><li>IAC had a mixed quarter with on-par revenues and below-par earnings given the impact of the recent market downturn.</li><li>Changes implemented by the company have impacted its position, with an active real estate market proving beneficial for business demand.</li><li>We have further incorporated a sensitivity analysis/ scenario analysis to understand how changes in key assumptions could impact the valuation under 3 scenarios - a base case, a bull case, and a bear case.</li></ul>

IAC had a mixed quarter with on-par revenues and below-par earnings given the impact of the recent market downturn.Changes implemented by the company have impacted its position, with an active real estate market proving beneficial for business demand.We have further incorporated a sensitivity analysis/ scenario analysis to understand how changes in key assumptions could impact the valuation under 3 scenarios - a base case, a bull case, and a bear case.

IAC Inc.: Strong Performance in Marketing Despite Uncertainty - A Promising Future? - Major Drivers

<ul><li>IAC/InterActiveCorp delivered a disappointing set of results as it could not meet the revenue and earnings expectations of Wall Street.</li><li>The company experienced 1% growth in the digital space in June, driven largely by effective performance marketing, and it maintained sessions and traffic across the board for the entire month.</li><li>IAC is pleased with the location of such assets in the migration and growth plans.</li></ul>

IAC/InterActiveCorp delivered a disappointing set of results as it could not meet the revenue and earnings expectations of Wall Street.The company experienced 1% growth in the digital space in June, driven largely by effective performance marketing, and it maintained sessions and traffic across the board for the entire month.IAC is pleased with the location of such assets in the migration and growth plans.

IAC/InterActiveCorp: The Crucial Assets Driving Its Financial Growth! - Major Drivers

<ul><li>IAC managed to exceed analyst expectations in terms of revenue as well as earnings.</li><li>The company's emphasis on core fundamentals and operational efficiency has yielded profitability and improved customer experiences.</li><li>IAC is also focused on driving revenue growth through investments in customer experience and strategic revenue reallocation.</li></ul>

IAC managed to exceed analyst expectations in terms of revenue as well as earnings.The company's emphasis on core fundamentals and operational efficiency has yielded profitability and improved customer experiences.IAC is also focused on driving revenue growth through investments in customer experience and strategic revenue reallocation.

IAC Inc.: 4 Ways In Which This Company Is Shaping Its Long-Term Growth Prospects! – Key Drivers

United States

People Incorporated operates as a digital media and publishing company. The Company provides digital publishing, online content creation, multimedia distribution, and advertising solutions. People serves customers and audiences in the United States.

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People Incorporated (IAC) (PPLI US)

IAC Inc.: The Story Of Expanding Digital Content and Advertising Platforms! - Major Drivers

IAC's first quarter of 2023 portrays a mixed landscape of challenges and opportunities as it treads cautiously in a transforming digital...

Baptista Research

IAC/ InterActiveCorp: Is The Improved User Experience and Premium Traffic Growth Here To Stay? - Major Drivers

InterActiveCorp (IAC) has undergone changes throughout 2023 that resulted in substantial earnings growth in the fourth quarter, which is an...

Baptista Research

IAC Inc.: Strong Performance in Marketing Despite Uncertainty - A Promising Future? - Major Drivers

IAC had a mixed quarter with on-par revenues and below-par earnings given the impact of the recent market downturn. Changes implemented by the...

Baptista Research

IAC/InterActiveCorp: The Crucial Assets Driving Its Financial Growth! - Major Drivers

IAC/InterActiveCorp delivered a disappointing set of results as it could not meet the revenue and earnings expectations of Wall Street. The...

Baptista Research

IAC Inc.: 4 Ways In Which This Company Is Shaping Its Long-Term Growth Prospects! – Key Drivers

IAC managed to exceed analyst expectations in terms of revenue as well as earnings. The company's emphasis on core fundamentals and operational...

Baptista Research

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