{"schema_version":"secwatch.filing_event.v1","accession":"0001800227-24-000022","form_type":"8-K","ticker":"IAC","cik":"0001800227","company_name":"IAC Inc.","filed_at":"2024-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.171409+00:00","generated_at":"2026-06-02T19:37:37.247586+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"IAC Q1 2024: Revenue -14% to $930M, operating loss improves; Dotdash Meredith digital rev +13%","bullets":["Total Q1 revenue $929.7M (-14% YoY); operating loss narrowed to $59.2M from $135.6M.","Dotdash Meredith revenue $390.5M (+1% YoY) with digital revenue up 13% to $209.3M; announced OpenAI partnership.","Angi Inc. revenue $305.4M (-14% YoY); operating income improved to $2.7M; Jeff Kip appointed CEO.","IAC Adjusted EBITDA $43.0M vs $9.1M YoY; holds $1.6B cash and $2.0B debt; MGM stake worth $2.7B.","Search revenue down 29% to $108.5M; Emerging & Other revenue down 34% to $126.5M including Mosaic sale."],"urls":{"canonical":"https://secwatch.observer/filing/0001800227-24-000022","json":"https://secwatch.observer/filing/0001800227-24-000022.json","markdown":"https://secwatch.observer/filing/0001800227-24-000022.md","text":"https://secwatch.observer/filing/0001800227-24-000022.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1800227/000180022724000022/0001800227-24-000022-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1800227/000180022724000022/iaci-20240507.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T19:37:37.247586+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":[{"claim_id":"a8f46849296a1bd08b0d255ef36ffaa567b4fb47","claim":"IAC Inc. reported Q1 2024 results: revenue $929.7, net income $45.0, EPS $0.51.","evidence_excerpt":"IAC CEO Joey Levin on the Investor Relations section of its website at ir.iac.com . IAC SUMMARY RESULTS ($ in millions except per share amounts) Q1 2024 Q1 2023 Growth Revenue $ 929.7 $ 1,084.3 -14 % Operating loss (59.2) (135.6) 56 % Unrealized gain on investment in MGM Resorts International 163.8 704.8 -77 % Net earnings 45.0 417.8 -89 % Diluted earnings per","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1800227/000180022724000022/0001800227-24-000022-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q1 2024"},{"label":"Revenue","value":"$929.7"},{"label":"Net income","value":"$45.0"},{"label":"EPS","value":"$0.51"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}