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Expand chart
Data: Company reports; Chart: Axios Visuals

Dotdash, the digital media company that houses brands like Verywell and Investopedia, is growing revenue faster than any other brand within the IAC, the publicly traded internet company that also owns Angi, The Daily Beast, and others.

Why it matters: IAC is known for growing digital brands and spinning them out once they are big enough to stand alone. Now that IAC has spun out Match Group and Vimeo, Dotdash is its fastest-growing brand in terms of revenue.

By the numbers: Like most internet companies, Dotdash saw huge advertising gains in the last quarter compared to Q2 2020, when the ad market temporarily collapsed due to COVID fears.

  • In total, Dotdash's revenue increased 64% to $73.3 million. Its quarterly profit increased 150% year-over-year to $19 million.
  • The company's commerce revenue is also growing, thanks to investments in new product lines tied to its home brands, like paint and storage.
  • The company's audience size is comparable to other big web holding groups like Vox Media or Penske Media.
  • Analysts estimate that Dotdash is worth roughly $2 billion, which makes its valuation higher than BuzzFeed's.

Catch up quick: Dotdash was created in 2017 after IAC bought and rebranded About.com from the New York Times.

  • The company invested tens of millions of dollars reformatting all of About.com's content to create several new, niche brands.
  • It's since acquired several new websites, like Simply Recipes, Serious Eats, Liquor.com, Treehugger, Byrdie, Brides and MyDomaine.
  • It's now one of the fastest-growing and most profitable digital media holding companies.

Be smart: Dotdash is made up of sites that include evergreen service content, like tips about decorating your house or curing a cold.

  • Most of its traffic referrals come from people using search engines to look for answers, tips and ideas.
  • Search engine traffic is less susceptible to privacy-related ad targeting changes that other media companies are suffering from.

Go deeper

Sep 14, 2021 - Economy & Business

Scoop: Nexstar eyeing more small media acquisitions for digital content

Photo: Pavlo Gonchar/SOPA Images/LightRocket via Getty Images

Nexstar, the local broadcasting giant that recently bought The Hill for $130 million, is mounting an aggressive acquisition campaign, sources tell Axios.

Details: The company is going after smaller media companies that cover the three pillars of its content strategy: sports, news, and weather.

Pelosi's back-to-school math problem

Illustration: Sarah Grillo/Axios

House Speaker Nancy Pelosi (D-Calif.) may need votes from an unlikely source — the Republican Party — if she hopes to pass the bipartisan infrastructure bill by next Monday, as she's promised Democratic centrists.

Why it matters: With at least 20 progressives threatening to vote against the $1.2 trillion bipartisan bill, centrist members are banking on more than 10 Republicans to approve the bill.

By the numbers: Haitian emigration

Expand chart
Data: CBP; Chart: Sara Wise/Axios

The number of Haitians crossing the U.S.-Mexico border had been rising even before their country's president was assassinated in July and the island was struck by an earthquake a month later.

Why it matters: A spike during the past few weeks — leaving thousands waiting in a makeshift camp under a bridge in Del Rio, Texas — has prompted a crackdown and deportations by the Biden administration.