---
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"
generated_at: "2026-06-12T02:33:00.435972+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# IAC Q2 revenue $1.11B (-18% YoY); net loss $89M improved from $869M loss a year ago

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-088854
- JSON: https://secwatch.observer/filing/0001104659-23-088854.json
- Plain text: https://secwatch.observer/filing/0001104659-23-088854.txt

## Key facts
- Earnings Releases
  IAC Inc. reported Q2 2023 results: revenue $1,111.6, net income $(89.0), EPS $(1.07).
  - Period: Q2 2023
  - Revenue: $1,111.6
  - Net income: $(89.0)
  - EPS: $(1.07)
  - Result: reported results
  source text: CEO Joey Levin on the Investor Relations section of its website at ir.iac.com . IAC SUMMARY RESULTS ($ 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_url: https://www.sec.gov/Archives/edgar/data/1800227/000110465923088854/0001104659-23-088854-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.