---
schema_version: "secwatch.filing_event.v1"
accession: "0001800227-25-000027"
form_type: "8-K"
ticker: "IAC"
cik: "0001800227"
company_name: "IAC Inc."
filed_at: "2025-05-05T23:59:59+00:00"
generated_at: "2026-05-22T18:13:07.479870+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# IAC Q1 adj. EBITDA surges 818% to $51M on lease gain; revenue down 9%

## Summary
- Revenue $570.5M (-9% YoY); operating income $35.8M vs. loss $63.4M.
- DDM digital revenue +7% to $224M; adj. EBITDA $80.3M (+166%) includes $36M non-cash lease-termination gain.
- Care.com revenue down 4% to $88.9M; Search revenue down 35% to $70.3M.
- Angi spin-off completed March 31; repurchased 4.5M shares ($200M) since Feb 12; new 10M-share buyback authorized.
- Full-year adj. EBITDA guidance $240-$295M reaffirmed; DDM digital revenue growth 7%-10% expected.

## SEC filing metadata
- accession: 0001800227-25-000027
- form_type: 8-K
- ticker: IAC
- cik: 0001800227
- company_name: IAC Inc.
- filed_at: 2025-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1800227/000180022725000027/0001800227-25-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1800227/000180022725000027/iaci-20250505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001800227-25-000027
- JSON: https://secwatch.observer/filing/0001800227-25-000027.json
- Plain text: https://secwatch.observer/filing/0001800227-25-000027.txt

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