IAC Q1 revenue down 12% to $423M; net loss $71.9M; announces restructuring to People Inc.

IAC Inc.

2026-Q1 EPS reported -$0.94 revenue$422,893,000

Q1 revenue $422.9M (-12% YoY); operating loss $40.1M vs income $24.1M; net loss $71.9M (-$0.94 diluted EPS).
People Inc. Digital revenue grew 8% to $253M; total People Inc. Adj. EBITDA $43.5M, down 46% YoY.
Completed sale of Care.com for $296M net proceeds; Search revenue -76% to $17.1M, to be discontinued.
Leadership changes: Barry Diller remains Chairman; Neil Vogel to become CEO, Tim Quinn CFO; Halpin, Handler depart.
Expects $40M annual run-rate cost savings from restructuring; repurchased 2.9M shares for $111M since Q4.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

IAC Inc. reported Q1 2026 results: revenue $ 422.9, net income Net loss (71.9), EPS Diluted loss per share (0.94).

Period: Q1 2026
Revenue: $ 422.9
Net income: Net loss (71.9)
EPS: Diluted loss per share (0.94)
Result: reported results

Exact text from the filing

Q1 2026 Q1 2025 Growth Revenue $ 422.9 $ 481.7 -12 % Operating (loss) income (40.1) 24.1 NM Unrealized gain (loss) on investment in MGM Resorts International 34.0 (324.3) NM Net loss (71.9) (216.8) 67 % Diluted loss per share (0.94) (2.64) 64 %

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Source: SEC EDGAR

accession 0001628280-26-029796

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