---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-009996"
form_type: "8-K"
ticker: "IAC"
cik: "0001800227"
company_name: "IAC Inc."
filed_at: "2026-02-20T23:59:59+00:00"
generated_at: "2026-05-16T01:30:34.431574+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Dotdash Meredith 2025 net income $62.5M vs prior loss; revenue flat

## Summary
- 2025 net earnings $62.5M, improved from ($12.0M) loss in 2024; operating income $212.6M vs $106.9M.
- Revenue $1.76B in 2025, roughly flat vs $1.78B in 2024.
- Issued $400M 7.625% senior secured notes due 2032; refinanced term loans with $991M net proceeds.
- Total assets $3.0B; cash $284M; long-term debt $1.40B (net) at Dec 2025.
- Subsidiary rebranded as People Inc. in July 2025; audited by Ernst & Young.

## SEC filing metadata
- accession: 0001628280-26-009996
- form_type: 8-K
- ticker: IAC
- cik: 0001800227
- company_name: IAC Inc.
- filed_at: 2026-02-20T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1800227/000162828026009996/0001628280-26-009996-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1800227/000162828026009996/iaci-20260220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-009996
- JSON: https://secwatch.observer/filing/0001628280-26-009996.json
- Plain text: https://secwatch.observer/filing/0001628280-26-009996.txt

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