---
schema_version: "secwatch.filing_event.v1"
accession: "0001800227-25-000006"
form_type: "8-K"
ticker: "IAC"
cik: "0001800227"
company_name: "IAC Inc."
filed_at: "2025-02-11T23:59:59+00:00"
generated_at: "2026-05-26T23:28:51.361398+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# IAC Q4 revenue -6% to $989M; plans Angi spin-off; CEO Levin to depart

## Summary
- Net loss $199M (diluted loss $2.39) vs prior-year net income $328M, hit by $287M unrealized loss on MGM investment.
- Operating income $50.6M turned from -$37M loss YoY; Adjusted EBITDA $142M (-9% YoY).
- Board approved spin-off of Angi Inc. to IAC shareholders, expected H1 2025; CEO Joey Levin to step down and become Angi Executive Chairman post-spin.
- Dotdash Meredith digital revenue +10% to $311M, Q4 operating income $87M; Search revenue -33% to $89M.
- FY2025 outlook: total Adjusted EBITDA $345-425M; Google agreement extended to March 2026.

## SEC filing metadata
- accession: 0001800227-25-000006
- form_type: 8-K
- ticker: IAC
- cik: 0001800227
- company_name: IAC Inc.
- filed_at: 2025-02-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1800227/000180022725000006/0001800227-25-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1800227/000180022725000006/iaci-20250211.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001800227-25-000006
- JSON: https://secwatch.observer/filing/0001800227-25-000006.json
- Plain text: https://secwatch.observer/filing/0001800227-25-000006.txt

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