{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-088854","form_type":"8-K","ticker":"IAC","cik":"0001800227","company_name":"IAC Inc.","filed_at":"2023-08-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.288032+00:00","generated_at":"2026-06-12T02:33:00.435972+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"IAC Q2 revenue $1.11B (-18% YoY); net loss $89M improved from $869M loss a year ago","bullets":["Revenue $1,111.6M down 18% YoY; operating loss $55.5M improved 67% from -$166.1M.","Adjusted EBITDA $70.2M up 88% YoY; Dotdash Meredith EBITDA +38% to $54.1M; Angi EBITDA +89% to $18.3M.","Net loss attributable to IAC $89.0M ($1.07 diluted loss per share) vs $869.1M loss ($10.02 loss) in Q2 2022.","Unrealized loss on MGM investment narrowed to $32.4M from $825.3M; MGM stake worth $2.9B as of Aug 4, 2023.","Angi Inc. pro forma net revenue -16% to $375.6M; Services net revenue -18% to $30.4M."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-088854","json":"https://secwatch.observer/filing/0001104659-23-088854.json","markdown":"https://secwatch.observer/filing/0001104659-23-088854.md","text":"https://secwatch.observer/filing/0001104659-23-088854.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1800227/000110465923088854/0001104659-23-088854-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1800227/000110465923088854/tm2323167d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T02:33:00.435972+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b6789d684756b2f55058691bf15eec43cf2cb424","claim":"IAC Inc. reported Q2 2023 results: revenue $1,111.6, net income $(89.0), EPS $(1.07).","evidence_excerpt":"CEO Joey Levin on the Investor Relations section of its website at ir.iac.com . IAC SUMMARY RESULTS ($ in millions except per share amounts) Q2 2023 Q2 2022 Growth Revenue $ 1,111.6 $ 1,362.6 -18 % Operating loss (55.5 ) (166.1 ) 67 % Unrealized loss on investment in MGM Resorts International (32.4 ) (825.3 ) 96 % Net loss (89.0 ) (869.1 ) 90 % Diluted loss","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1800227/000110465923088854/0001104659-23-088854-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q2 2023"},{"label":"Revenue","value":"$1,111.6"},{"label":"Net income","value":"$(89.0)"},{"label":"EPS","value":"$(1.07)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}