secwatch.observer — SEC 8-K summary
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Issuer:     IAC Inc. (IAC)
CIK:        0001800227
Form:       8-K
Filed at:   2025-05-05T23:59:59+00:00
Accession:  0001800227-25-000027
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800227/000180022725000027/0001800227-25-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800227/000180022725000027/iaci-20250505.htm
  HTML page:      https://secwatch.observer/filing/0001800227-25-000027

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