IAC's Search Services Agreement with Google terminated via non-renewal; $183.9M revenue at risk

IAC Inc.

Google sent notice of non-renewal for the Services Agreement, expiring March 31, 2026, eliminating automatic extension.
Search segment attributable to the Agreement generated $183.9M revenue, $10.0M Operating Income, $10.0M Adjusted EBITDA in 9 months ended Sep 30, 2025.
Google expects to propose revised terms; outcome of discussions remains uncertain.
Other advertising revenue from Google not covered by the Agreement is unaffected.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

IAC Inc. terminated Google Services Agreement with Google LLC valued at non-renewal; scheduled to expire on March 31, 2026 (effective 2025-12-10).

Action: termination
Agreement: supply
Counterparty: Google LLC
Value: non-renewal; scheduled to expire on March 31, 2026
Effective: 2025-12-10

Exact text from the filing

On December 10, 2025, IAC, Inc., a Delaware corporation (the "Company" or "IAC") received a notice (the "Notice") of non-renewal from Google LLC ("Google") of the Google Services Agreement, dated as of April 1, 2016, by and among the Company, IAC Search & Media Europe Limited, Google and Google Ireland Limited (as subsequently amended, the "Services Agreement").

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Source: SEC EDGAR

accession 0001104659-25-121655

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