Highest-materiality recent filing
IAC (renamed People Incorporated) proposes to acquire MGM Resorts for $48.30/share cash
Proposal to acquire all MGM shares not already owned (26.1%) at $48.30/share cash.
IAC Q1 revenue down 12% to $423M; net loss $71.9M; announces restructuring to People Inc.
Q1 revenue $422.9M (-12% YoY); operating loss $40.1M vs income $24.1M; net loss $71.9M (-$0.94 diluted EPS).
Name change to People Incorporated expected by August 2026; Q1 2026 was 10th straight quarter of digital revenue growth.
IAC enters voting agreement with MGM Resorts, caps voting at 25.73%
IAC, Barry Diller, and controlled affiliates must vote MGM shares above 25.73% threshold proportionally with other stockholders.
IAC completes sale of Care.com to Pacific Avenue Capital Partners subsidiary
Sale of Care.com closed on March 16, 2026; buyer is indirect subsidiary of Pacific Avenue Capital Partners.
IAC sells Care.com to Pacific Avenue Capital Partners for ~$320M
Gross purchase price of approximately $320 million in all-cash transaction.
Dotdash Meredith 2025 net income $62.5M vs prior loss; revenue flat
2025 net earnings $62.5M, improved from ($12.0M) loss in 2024; operating income $212.6M vs $106.9M.
IAC reports Q4 2025 revenue down 10% to $646M; net loss $76.8M, adjusted EBITDA up 29%
People Inc. digital revenue up 14% to $354.8M; full-year digital revenue $1.1B (+10%).
IAC's Search Services Agreement with Google terminated via non-renewal; $183.9M revenue at risk
Google sent notice of non-renewal for the Services Agreement, expiring March 31, 2026, eliminating automatic extension.
IAC Q3 revenue down 8% to $589.8M; People Inc. digital rev up 9%, signs Microsoft AI deal
Q3 revenue $589.8M (-8% YoY); operating loss $20.4M vs income $8.1M; net loss $21.9M ($0.27 loss per share).
Dotdash Meredith Q3 2025 revenue $429.8M, net income $4.3M; issues $400M notes
Q3 revenue $429.8M (down 2.2% YoY); operating income $28.5M vs $22.1M YoY.
IAC Q2 Adj. EBITDA up 15% to $51.4M; People Inc. digital revenue grows 9%
Revenue $586.9M, down 7% YoY; operating income $0.6M vs loss $21.5M.
Dotdash Meredith Q2 operating income $34.8M; H1 net loss narrows to $0.9M
Q2 revenue $427.4M (+0.5% YoY); operating income $34.8M vs $18.3M.
Dotdash Meredith reports Q1 net income of $9.2M vs year-ago net loss of $34.0M
Revenue $393.1M, up from $390.5M; operating income $43.2M vs $(20.8M) loss.
IAC Q1 adj. EBITDA surges 818% to $51M on lease gain; revenue down 9%
Revenue $570.5M (-9% YoY); operating income $35.8M vs. loss $63.4M.
IAC completes spin-off of Angi; provides restated historical financials for continuing ops
Completed spin-off of Angi Inc. on March 31, 2025 via special dividend of all Angi shares to IAC stockholders.
IAC completes Angi spin-off; Levin exits IAC, becomes Angi Executive Chairman
IAC distributed 0.5251 Angi Class A shares per IAC share to holders of record March 25, 2025.
IAC completes spin-off of Angi; 0.5251 shares per IAC share on March 31, 2025
Distribution of 0.5251 Angi Class A shares per IAC share on March 31, 2025; record date March 25, 2025.
IAC announces Angi spin-off details; 401(k) blackout March 31–April 3
Board approved spin-off of Angi Inc. on March 7, 2025.
Board approved spin-off of Angi Inc.; IAC will distribute all Angi shares to IAC stockholders.
IAC Q4 revenue -6% to $989M; plans Angi spin-off; CEO Levin to depart
Net loss $199M (diluted loss $2.39) vs prior-year net income $328M, hit by $287M unrealized loss on MGM investment.
IAC amends Google services agreement; expiration extended to March 31, 2026
Amendment effective April 1, 2025; contract now expires March 31, 2026.
IAC to spin off Angi to shareholders; CEO Joseph Levin steps down, becomes Angi Executive Chairman
Joseph Levin to step down as IAC CEO upon completion of Angi spin-off (expected H1 2025, no sooner than March 31, 2025); will become Executive Chairman of Angi.
Dotdash Meredith reprices $1.18B term loans; margin cut by 50 bps
$1,182,500,000 in existing term B loans replaced with new term B loans at reduced interest rate margin.
IAC Q3 revenue down 16%; considers Angi spin-off, adj EBITDA up 7%
Q3 revenue $938.7M (-16% YoY); net loss $243.7M improved from $390.5M loss in Q3 2023.
Dotdash Meredith Q3 2024 revenue up 5.3% to $439M; operating income of $22M vs loss of $3.6M
Revenue $439M (Q3 2024) vs $417M (Q3 2023), up 5.3%; nine-month revenue $1.26B vs $1.22B.
Dotdash Meredith narrows net loss to $10.9M in Q2 2024; operating income turns positive
Q2 2024 revenue $425.2M, up 2.7% YoY from $414.0M.
IAC Q2 revenue down 15% but operating loss narrows 78%; Adj EBITDA up 24%
Revenue $949.5M (-15% YoY); operating loss improved to -$12M from -$55.5M.
Tim Quinn, who currently serves as the Chief Financial Officer of People, will become Chief Financial Officer of the Company
Kendall Handler will cease to serve as Executive Vice President and Chief Legal Officer of the Company
Neil Vogel, who currently serves as Chief Executive Officer of People, will become Chief Executive Officer of the Company
Christopher Halpin will cease to serve as Executive Vice President, Chief Operating Officer and Chief Financial Officer of the Company
On March 31, 2025, effective upon the completion of the Distribution and pursuant to the employment transition agreement previously filed by the Company on January 13, 2025 with the Securities Exchange Commission as Exhibit 10.1 to the Current Report on Form 8-K dated January 13, 2025, Joseph Levin ceased to serve as Chief Executive Officer of the Company and as a member of the board of directors of the Company.
On March 31, 2025, effective upon the completion of the Distribution and pursuant to the employment transition agreement previously filed by the Company on January 13, 2025 with the Securities Exchange Commission as Exhibit 10.1 to the Current Report on Form 8-K dated January 13, 2025, Joseph Levin ceased to serve as Chief Executive Officer of the Company and as a member of the board of directors of the Company.
On January 13, 2025, IAC Inc. (the “ Company ”) announced that Joseph Levin will cease to serve as Chief Executive Officer of the Company and as a member of the board of directors (the “ Board ”) of the Company, in each case, effective upon the first to occur of the completion of the separation of Angi Inc. (“ ANGI ”) from the Company and May 31, 2025 (the “ Separation Effective Date ”).
On November 22, 2024, Michael H. Schwerdtman was appointed as Senior Vice President and Controller (Principal Accounting Officer) of IAC Inc. (the “Company” or “IAC”), effective on or about December 2, 2024 (the “Effective Date”).
On June 7, 2024, Erik Bradbury, Senior Vice President and Controller (Principal Accounting Officer) of IAC Inc. (the “Company”), notified the Company that he will resign from his position, effective as of August 9, 2024 (or such other date as may be agreed to the Company and Mr. Bradbury), to pursue another opportunity.
Max materiality 0.90 · Median 0.62 · Most common event other_material