---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-029796"
form_type: "8-K"
ticker: "IAC"
cik: "0001800227"
company_name: "IAC Inc."
filed_at: "2026-05-04T23:59:59+00:00"
generated_at: "2026-05-14T23:58:47.913387+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-26-029796
- form_type: 8-K
- ticker: IAC
- cik: 0001800227
- company_name: IAC Inc.
- filed_at: 2026-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1800227/000162828026029796/0001628280-26-029796-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1800227/000162828026029796/iaci-20260504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-029796
- JSON: https://secwatch.observer/filing/0001628280-26-029796.json
- Plain text: https://secwatch.observer/filing/0001628280-26-029796.txt

## Source-grounded claims
- claim_id: 5665f869e60cd28ded62e551e3e4ee4d1b3c8c88
  claim: IAC Inc. reported Q1 2026 results: revenue $ 422.9, net income Net loss (71.9), EPS Diluted loss per share (0.94).
  evidence_excerpt: 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 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1800227/000162828026029796/0001628280-26-029796-index.htm

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