{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-051836","form_type":"8-K","ticker":"IAC","cik":"0001800227","company_name":"IAC Inc.","filed_at":"2026-08-03T20:09:58+00:00","discovered_at":"2026-08-03T20:11:00.324982+00:00","generated_at":"2026-08-03T20:11:31.128838+00:00","sec_items":["2.02","5.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"People Inc. Q2 revenue $437M (-1% YoY); operating loss $14M; Digital revenue up 6%; appoints Vogel CEO, Quinn CFO","bullets":["Q2 revenue $436.7M (-1% YoY); operating loss $14.3M vs $7.5M loss; net earnings $506.9M on $722M unrealized MGM gain.","People Inc. Digital revenue up 6% to $290M; Digital Adjusted EBITDA up 18% to $74.5M; Print revenue down 16%.","Adjusted EBITDA $55.9M, up 15% YoY; revised definition excludes certain items; prior periods recast.","Board authorized additional 10M share repurchase; 12.5M shares remain; agreed to sell LP stake for ~$189M.","Leadership transition: Neil Vogel appointed CEO, Timothy Quinn CFO effective Aug 5; Barry Diller remains Chairman."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-051836","json":"https://secwatch.observer/filing/0001628280-26-051836.json","markdown":"https://secwatch.observer/filing/0001628280-26-051836.md","text":"https://secwatch.observer/filing/0001628280-26-051836.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1800227/000162828026051836/0001628280-26-051836-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1800227/000162828026051836/ppli-20260801.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-03T20:11:31.128838+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}