IAC ceases Search segment after Google Services Agreement expires on April 30, 2026

IAC Inc.

Google Services Agreement expired on April 30, 2026; IAC received non-renewal notice in Dec 2025.
Search segment reported as discontinued operations; all historical periods restated.
Continuing operations Q1 2026 revenue $405.8M, operating loss $(31.8M), Adjusted EBITDA $11.0M.
IAC in process of being renamed 'People Incorporated'; no other segment changes.

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