secwatch.observer — SEC 8-K summary
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Issuer:     IAC Inc. (IAC)
CIK:        0001800227
Form:       8-K
Filed at:   2025-04-08T23:59:59+00:00
Accession:  0001800227-25-000018
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IAC completes spin-off of Angi; provides restated historical financials for continuing ops
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- Completed spin-off of Angi Inc. on March 31, 2025 via special dividend of all Angi shares to IAC stockholders.
- Angi (including Roofing) reclassified as discontinued operations for all periods prior to spin-off; IAC no longer owns Angi.
- Continuing ops revenue 2024: $2.62B (Dotdash Meredith $1.78B, Care.com $370M, Search $388M, Emerging & Other $89M).
- Continuing ops Adjusted EBITDA 2024: $232M (Dotdash Meredith $295M, Care.com $45M, Search $17.5M, Emerging & Other -$36M).
- 2024 continuing ops net loss attributable to IAC shareholders -$540M, including $649M unrealized loss on MGM investment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800227/000180022725000018/0001800227-25-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800227/000180022725000018/iaci-20250408.htm
  HTML page:      https://secwatch.observer/filing/0001800227-25-000018

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