---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-048237"
form_type: "8-K"
ticker: "IAC"
cik: "0001800227"
company_name: "IAC Inc."
filed_at: "2025-11-03T23:59:59+00:00"
generated_at: "2026-05-17T00:55:39.251371+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# IAC Q3 revenue down 8% to $589.8M; People Inc. digital rev up 9%, signs Microsoft AI deal

## Summary
- Q3 revenue $589.8M (-8% YoY); operating loss $20.4M vs income $8.1M; net loss $21.9M ($0.27 loss per share).
- Adjusted EBITDA fell 59% to $29.1M; excluding one-time items, Adj. EBITDA would have been $64M.
- People Inc. digital revenue up 9% to $269M; licensed content to Microsoft for AI Copilot via Publisher Content Marketplace.
- Repurchased 2.8M shares for $100M since Q2; 6.4M shares remain under authorization.
- FY 2025 guidance: People Inc. operating income $180-200M, Adj. EBITDA $325-340M.

## SEC filing metadata
- accession: 0001628280-25-048237
- form_type: 8-K
- ticker: IAC
- cik: 0001800227
- company_name: IAC Inc.
- filed_at: 2025-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1800227/000162828025048237/0001628280-25-048237-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1800227/000162828025048237/iaci-20251103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-048237
- JSON: https://secwatch.observer/filing/0001628280-25-048237.json
- Plain text: https://secwatch.observer/filing/0001628280-25-048237.txt

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