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IAC

IAC

Equities · 42.27 -9.1% today

Isolated · not yet confirmedMarket checked 3 Jun, 15:55 GMT-4

Market read

IAC's current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 13 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Company-9.1% todayVolume comparison unavailable
Market group0 of 13 activeConsumer Tech Services · unavailable
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
  • Monitor interest expense changes tied to Term Loans: 2026 interest expense fell vs 2025 due to lower debt outstanding and lower Term Loan rates.
  • Monitor severance and prepaid vendor contract write-offs tied to the anticipated shutdown of the Search segment (severance $5.4M; prepaid vendor write-off $1.4M).

Invalidation: The isolated read changes if IAC's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Sector unavailable · Industry unavailable

No new filing conclusion is available. 0 of 13 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Monitor interest expense changes tied to Term Loans: 2026 interest expense fell vs 2025 due to lower debt outstanding and lower Term Loan rates.
  • Monitor severance and prepaid vendor contract write-offs tied to the anticipated shutdown of the Search segment (severance $5.4M; prepaid vendor write-off $1.4M).

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods6
Price observations281
Usable filing statements194
Verified relationships3
Evidence supporting the case
  • Net margin changed +16.2 percentage points in the latest annual period.
  • Macroeconomic conditions has repeated favorable evidence across 3 filings.
Evidence challenging the case
  • Latest annual revenue changed -8.7% year over year.
  • Operating margin changed -3.0 percentage points in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 4 filings.
  • Restructuring and cost reductions has repeated adverse evidence across 4 filings.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Jul 17, 2026

44.53
6m+14.1%12m+14.8%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$3.7B+46.1%$6.31+7.9%
2022-12-31$5.2B+41.5%$-13.55-6.0%
2023-12-31$2.9B-44.2%$2.97+0.1%
2024-12-31$2.6B-10.2%$-6.49-3.9%
2025-12-31$2.4B-8.7%$-1.30-3.7%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 4 filings
Interest expense Three Months Ended March 31, 2026 2025 2026 Change $ Change % Change (Dollars in thousands) Interest expense $ (25,858) $ (28,314) $ 2,456 9% Interest expense in 2026 decreased from 2025 due primarily to both decreases in the amount of debt o…
10-Q · May 4, 2026
Restructuring and cost reductionsmixed · 4 filings
Search Adjusted EBITDA decreased $11.3 million to a loss of $8.3 million due primarily to lower revenue, an increase in compensation expense due primarily to severance and related expenses of $5.4 million and the write-off of $1.4 million related to certain p…
10-Q · May 4, 2026
Macroeconomic conditionspositive · 3 filings
This is due to the concentration of spending by advertisers, which drives higher advertising revenue, and consumer spending, which drives higher performance marketing revenue, during the year-end holiday selling season at People Inc.
10-Q · May 4, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 1.5× · EV/sales 1.7×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

42.27-9.1% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 3 Jun, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for IAC. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for IAC. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind IAC

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

MGMMGM Resorts InternationalpartnerFeb 20, 2026

Business OVERVIEW Who We Are IAC today is comprised of category leading businesses, including People Inc.

MGMMGM Resorts InternationalinvesteeFeb 20, 2026

Financial Statements and Supplementary Data .” 61 Quantitative and Qualitative Disclosures About Market Risk Equity Price Risk At December 31, 2025, the Company owns 65.8 million common shares of MGM Resorts International (“MGM”), which represents approximate…

JPMJPMorgan Chase & Co.lenderFeb 20, 2026

10.4 Credit Agreement, dated as of December 1, 2021, by and among Dotdash Meredith, Inc., as Borrower, the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and the other parties thereto.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 3 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

IAC is currently a Participant in the organic co-movement group Consumer Tech Services. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for IAC; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.