{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-115251","form_type":"8-K","ticker":"IAC","cik":"0001800227","company_name":"IAC Inc.","filed_at":"2023-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.507431+00:00","generated_at":"2026-06-08T16:53:35.051460+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 Q3 revenue down 15% to $1.11B; Adj EBITDA up 83% to $100M; net loss $390M on MGM hit","bullets":["Revenue $1.11B, -15% YoY; operating loss improved 74% to $32.7M.","Adjusted EBITDA $100.4M, +83%; Dotdash Meredith EBITDA +119% to $68.3M.","Net loss $390.5M ($4.72/sh) vs $63.8M loss, driven by $463M unrealized MGM loss.","Angi revenue -25% (pro forma net -14%); completed sale of Total Home Roofing on Nov 1.","Cash & marketable securities $1.4B, debt $2.0B; IAC has 3.7M shares left for repurchase."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-115251","json":"https://secwatch.observer/filing/0001104659-23-115251.json","markdown":"https://secwatch.observer/filing/0001104659-23-115251.md","text":"https://secwatch.observer/filing/0001104659-23-115251.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1800227/000110465923115251/0001104659-23-115251-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1800227/000110465923115251/tm2330002d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T16:53:35.051460+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":"b5b62c5a1087532bb9f3c89c854b135965f7706b","claim":"IAC Inc. reported Q3 2023 results: revenue $ 1,111.3, net income Net loss (390.5 ), EPS Diluted loss per share (4.72 ).","evidence_excerpt":"IAC CEO Joey Levin on the Investor Relations section of its website at ir.iac.com . IAC SUMMARY RESULTS ($ in millions except per share amounts) Q3 2023 Q3 2022 Growth Revenue $ 1,111.3 $ 1,300.9 -15 % Operating loss (32.7 ) (124.7 ) 74 % Unrealized (loss) gain on investment in MGM Resorts International (463.4 ) 42.5 NM Net loss (390.5 ) (63.8 ) -512 % Diluted","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1800227/000110465923115251/0001104659-23-115251-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q3 2023"},{"label":"Revenue","value":"$ 1,111.3"},{"label":"Net income","value":"Net loss (390.5 )"},{"label":"EPS","value":"Diluted loss per share (4.72 )"},{"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"}