secwatch.observer — SEC 8-K summary
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Issuer:     IAC Inc. (IAC)
CIK:        0001800227
Form:       8-K
Filed at:   2026-08-03T20:09:58+00:00
Accession:  0001628280-26-051836
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800227/000162828026051836/0001628280-26-051836-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800227/000162828026051836/ppli-20260801.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-051836

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer