secwatch.observer — SEC 8-K summary
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Issuer:     IAC Inc. (IAC)
CIK:        0001800227
Form:       8-K
Filed at:   2025-12-16T23:59:59+00:00
Accession:  0001104659-25-121655
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800227/000110465925121655/0001104659-25-121655-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800227/000110465925121655/tm2533613d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-121655

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer