secwatch.observer — SEC 8-K summary
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Issuer:     IAC Inc. (IAC)
CIK:        0001800227
Form:       8-K
Filed at:   2025-11-03T23:59:59+00:00
Accession:  0001628280-25-048237
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800227/000162828025048237/0001628280-25-048237-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800227/000162828025048237/iaci-20251103.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-048237

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