---
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"
generated_at: "2026-06-08T16:53:35.051460+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# IAC Q3 revenue down 15% to $1.11B; Adj EBITDA up 83% to $100M; net loss $390M on MGM hit

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1800227/000110465923115251/0001104659-23-115251-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1800227/000110465923115251/tm2330002d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-115251
- JSON: https://secwatch.observer/filing/0001104659-23-115251.json
- Plain text: https://secwatch.observer/filing/0001104659-23-115251.txt

## Key facts
- Earnings Releases
  IAC Inc. reported Q3 2023 results: revenue $ 1,111.3, net income Net loss (390.5 ), EPS Diluted loss per share (4.72 ).
  - Period: Q3 2023
  - Revenue: $ 1,111.3
  - Net income: Net loss (390.5 )
  - EPS: Diluted loss per share (4.72 )
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1800227/000110465923115251/0001104659-23-115251-index.htm

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