---
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"
generated_at: "2026-08-03T20:11:31.128838+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# People Inc. Q2 revenue $437M (-1% YoY); operating loss $14M; Digital revenue up 6%; appoints Vogel CEO, Quinn CFO

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-051836
- JSON: https://secwatch.observer/filing/0001628280-26-051836.json
- Plain text: https://secwatch.observer/filing/0001628280-26-051836.txt

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