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Care.com sale and segment realignment reshape IAC (IAC) reported results

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Form Type
8-K

Rhea-AI Filing Summary

IAC Inc. furnished supplemental financial data after reorganizing how it reports certain businesses and completing the sale of Care.com. Effective January 1, 2026, the digital portion of a legacy agency business was moved from the Print segment to the Digital segment of Dotdash Meredith’s People Inc., and prior-period segment results were recast to match this structure.

The sale of Care.com on March 16, 2026 means its historical results are now shown as discontinued operations, so the tables present IAC on a continuing-operations basis. For 2025, IAC reported total revenue of $2,045,957 thousand and Adjusted EBITDA of $226,272 thousand, compared with revenue of $2,252,738 thousand and Adjusted EBITDA of $186,808 thousand in 2024.

Positive

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Insights

IAC recasts segments and discontinued ops; fundamentals broadly consistent.

IAC released recast financials reflecting a segment realignment at People Inc. and the sale of Care.com. The changes primarily affect how results are grouped between Digital and Print and how Care.com’s historical numbers are separated from continuing operations.

The tables show continuing-operations revenue of $2,045,957k and Adjusted EBITDA of $226,272k for 2025, versus revenue of $2,252,738k and Adjusted EBITDA of $186,808k for 2024. Segment data highlight improving profitability at People Inc. Digital and stabilizing corporate and Emerging & Other results.

The filing itself is largely presentational, under Regulation FD, but it gives analysts a consistent history under the new structure. Future quarterly reports using this framework will make it easier to compare growth and margins in Digital, Print, Search and Emerging & Other against the updated baselines.

Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Total revenue $2,045,957k Full year 2025, continuing operations, in thousands
Adjusted EBITDA $226,272k Full year 2025, continuing operations, in thousands
Total revenue $2,252,738k Full year 2024, continuing operations, in thousands
Adjusted EBITDA $186,808k Full year 2024, continuing operations, in thousands
Net earnings (loss) attributable to IAC shareholders $265,942k Full year 2023, including discontinued operations, in thousands
Goodwill impairment $9,000k Full year 2023, Emerging & Other, in thousands
Legal fees and settlement expenses $21.4 million Q3 2025, Emerging & Other litigation related to a legacy business
discontinued operations financial
"operations of Care.com are presented as discontinued operations within IAC’s consolidated financial statements"
Discontinued operations are parts of a company that it has decided to sell or shut down, and no longer plans to run in the future. This matters to investors because it helps them understand which parts of the business are ongoing and which are being phased out, providing a clearer picture of the company’s current performance and future prospects. Think of it like a store closing a department—it no longer contributes to sales or profits.
ASC 205 financial
"in accordance with ASC 205, “Presentation of Financial Statements,” within IAC's consolidated financial statements"
Adjusted EBITDA financial
"Adjusted EBITDA (Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization) is defined as operating income excluding"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
noncontrolling interest financial
"Net (loss) earnings attributable to noncontrolling interest"
The portion of a business owned by investors other than the controlling owner when one company has control of another; it represents outside shareholders’ share of the subsidiary’s assets and profits. For investors, it matters because those outside claims reduce the amount of profit and net assets attributable to the parent owner — similar to saying part of a pizza belongs to someone else — and thus affects earnings, book value and valuation.
goodwill impairment financial
"Total goodwill impairment | $ | (9,000)"
Goodwill impairment occurs when a company’s valued reputation or brand strength, known as goodwill, is found to be worth less than previously recorded on its financial statements. This usually happens when the company's performance declines or market conditions change, signaling that the expected benefits from acquisitions or brand value are no longer as strong. It matters to investors because it can indicate that a company's assets are less valuable than initially thought, potentially affecting its overall financial health.
Emerging & Other financial
"The third quarter of 2025 operating loss of $20.8 million and Adjusted EBITDA loss of $20.0 million at Emerging & Other include"
Understanding 8-K Material Events →
0001800227FALSE00018002272026-04-072026-04-07


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 7, 2026
IAC Inc.
(Exact name of registrant as specified in charter)
Delaware001-3935684-3727412
(State or other jurisdiction
of incorporation)		(Commission
File Number)		(IRS Employer
Identification No.)
555 West 18th Street,New York,NY10011
(Address of principal executive offices)(Zip Code)

Registrant's telephone number, including area code: (212) 314-7300

(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of exchange on which registered
Common Stock, par value $0.0001IACThe Nasdaq Stock Market LLC
(Nasdaq Global Select Market)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 7.01. Regulation FD Disclosure.
On April 7, 2026, IAC Inc. (“IAC” or the “Company”) posted supplemental financial information to reflect (i) the reclassification of the digital portion of a legacy agency business between the Print and Digital segments of Dotdash Meredith Inc. (“People Inc.”) and (ii) Care.com, Inc. (“Care.com”) as discontinued operations for all periods prior to its sale on March 16, 2026 in accordance with ASC 205, “Presentation of Financial Statements,” within IAC's consolidated financial statements on its website (http://ir.iac.com/quarterly-results).
Effective January 1, 2026, People Inc. changed its internal management reporting structure to better align and support its D/Cipher advertising capabilities. As a result, the digital portion of a legacy agency business that had previously been included within the People Inc. Print segment now reports to the D/Cipher management team within the People Inc. Digital segment. This change will allow D/Cipher to leverage the agency business as a sales channel and to achieve operational and performance efficiencies. As a result of this change, financial information for both the People Inc. Print and Digital segments for prior periods has been recast to conform to the current period presentation.
On March 16, 2026, the Company completed the previously announced sale of Care.com. As a result of the sale, the operations of Care.com for prior periods have been reflected as discontinued operations to conform to the current period presentation.
Other than the changes described above, there are no other changes to the Company's reportable segments reflected in the supplemental financial information, a copy of which is furnished herewith as Exhibit 99.1.

The information contained in this Current Report on Form 8-K, including Exhibit 99.1 furnished herewith, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such section and shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
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Item 9.01. Financial Statements and Exhibits
Exhibits.
Exhibit
Number		Description
99.1
Supplemental financial information
104Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)
3

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
IAC Inc.
By:/s/ KENDALL HANDLER
Name:Kendall Handler
Title:Executive Vice President, Chief Legal Officer & Secretary
Date: April 7, 2026
4
                                                                        
Exhibit 99.1
The tables below reflect IAC on a continuing operations basis, updated to reflect (i) the reclassification of the digital portion of a legacy agency business between the Print and Digital segments of People Inc. and (ii) Care.com as discontinued operations for periods prior to its sale on March 16, 2026 as described in Item 7.01 of this Form 8-K. The information presented below should be read in conjunction with IAC Inc.'s historical consolidated financial statements and notes thereto found on the U.S. Securities and Exchange Commission's website at http://www.sec.gov.
202320242025
FYE 12/31Q1Q2Q3Q4FYE 12/31Q1Q2Q3Q4FYE 12/31
(Unaudited; in thousands)
Revenue
People Inc.
Digital$939,865 $220,672 $253,751 $266,923 $345,021 $1,086,367 $234,520 $273,999 $283,167 $370,200 $1,161,886 
Print776,017 174,552 175,994 178,023 183,067 711,636 163,270 158,263 152,594 148,178 622,305 
Intersegment eliminations(20,989)(4,684)(4,584)(5,483)(6,023)(20,774)(4,719)(4,892)(5,934)(6,573)(22,118)
Total People Inc.1,694,893 390,540 425,161 439,463 522,065 1,777,229 393,071 427,370 429,827 511,805 1,762,073 
Search629,038 108,473 101,756 88,284 89,186 387,699 70,329 61,690 51,892 28,972 212,883 
Emerging & Other229,461 34,014 19,886 18,565 16,563 89,028 18,287 15,877 17,288 19,551 71,003 
Intersegment eliminations(8,804)(1,204)(2)(2)(10)(1,218)(1)— — (1)(2)
Total revenue$2,544,588 $531,823 $546,801 $546,310 $627,804 $2,252,738 $481,686 $504,937 $499,007 $560,327 $2,045,957 
Operating (loss) income
People Inc.
Digital(a)
$(18,270)$(1,266)$25,762 $33,061 $96,810 $154,367 $17,876 $38,371 $38,434 $113,305 $207,986 
Print(b)
(1,886)(4,035)5,798 5,213 10,083 17,059 8,744 10,905 1,016 6,769 27,434 
Other(c)(d)(e)
(130,582)(15,528)(13,222)(16,213)(19,589)(64,552)16,587 (14,497)(10,917)(14,034)(22,861)
Total People Inc.(150,738)(20,829)18,338 22,061 87,304 106,874 43,207 34,779 28,533 106,040 212,559 
Search44,198 4,356 4,624 2,389 6,037 17,406 3,009 5,101 1,880 231 10,221 
Emerging & Other(f)
(22,784)(21,081)(6,773)(2,618)(7,223)(37,695)(4,886)(9,221)(20,797)2,552 (32,352)
Corporate(151,285)(37,466)(36,674)(28,659)(41,444)(144,243)(17,206)(33,041)(34,959)(31,062)(116,268)
Total operating (loss) income$(280,609)$(75,020)$(20,485)$(6,827)$44,674 $(57,658)$24,124 $(2,382)$(25,343)$77,761 $74,160 
Stock-based compensation expense
People Inc.
Digital$(8,159)$(2,200)$(3,436)$(2,149)$(2,312)$(10,097)$(1,855)$(3,034)$(3,211)$(3,464)$(11,564)
Print(1,381)(446)(723)(516)(360)(2,045)(450)(442)(451)(430)(1,773)
Other(c)
(13,961)(4,703)(2,521)(3,167)(3,292)(13,683)(3,188)(3,727)(4,060)(4,102)(15,077)
Total People Inc.(23,501)(7,349)(6,680)(5,832)(5,964)(25,825)(5,493)(7,203)(7,722)(7,996)(28,414)
Search— — — — — — — — — — — 
Emerging & Other(1,600)(410)(253)(478)(485)(1,626)(345)(2,874)(743)(602)(4,564)
Corporate(43,961)(10,327)(12,202)(11,183)(11,996)(45,708)27,228 (8,233)(7,412)(6,509)5,074 
Total stock-based compensation expense$(69,062)$(18,086)$(19,135)$(17,493)$(18,445)$(73,159)$21,390 $(18,310)$(15,877)$(15,107)$(27,904)
1


202320242025
FYE 12/31Q1Q2Q3Q4FYE 12/31Q1Q2Q3Q4FYE 12/31
(Unaudited; in thousands)
Depreciation
People Inc.
Digital$(24,797)$(4,864)$(3,688)$(3,637)$(3,754)$(15,943)$(3,074)$(3,167)$(4,428)$(3,933)$(14,602)
Print(13,277)(2,530)(1,861)(1,405)(1,462)(7,258)(1,393)(1,403)(1,237)(1,104)(5,137)
Other(c)(e)
(32,183)(1,161)(469)(672)(801)(3,103)(4,706)(651)(525)(1,274)(7,156)
Total People Inc.(70,257)(8,555)(6,018)(5,714)(6,017)(26,304)(9,173)(5,221)(6,190)(6,311)(26,895)
Search(85)(21)(21)(62)— (104)— — — — — 
Emerging & Other(203)(23)(13)(19)(10)(65)(23)(9)(8)(9)(49)
Corporate(7,154)(2,315)(2,027)(2,024)(2,042)(8,408)(2,045)(2,038)(2,037)(1,935)(8,055)
Total depreciation$(77,699)$(10,914)$(8,079)$(7,819)$(8,069)$(34,881)$(11,241)$(7,268)$(8,235)$(8,255)$(34,999)
Amortization of intangibles
People Inc.
Digital$(226,694)$(30,082)$(30,304)$(29,949)$(26,207)$(116,542)$(18,724)$(18,723)$(18,826)$(18,235)$(74,508)
Print(53,043)(5,085)(5,084)(5,085)(4,621)(19,875)(3,694)(3,695)(3,695)(3,617)(14,701)
Other(c)
— — — — — — — — — — — 
Total People Inc.(279,737)(35,167)(35,388)(35,034)(30,828)(136,417)(22,418)(22,418)(22,521)(21,852)(89,209)
Search— — — — — — — — — — — 
Emerging & Other(512)(9)— — — (9)— — — — — 
Corporate— — — — — — — — — — — 
Total amortization of intangibles$(280,249)$(35,176)$(35,388)$(35,034)$(30,828)$(136,426)$(22,418)$(22,418)$(22,521)$(21,852)$(89,209)
Goodwill impairment
People Inc.
Digital$— $— $— $— $— $— $— $— $— $— $— 
Print— — — — — — — — — — — 
Other(c)
— — — — — — — — — — — 
Total People Inc.— — — — — — — — — — — 
Search— — — — — — — — — — — 
Emerging & Other(9,000)— — — — — — — — — — 
Corporate— — — — — — — — — — — 
Total goodwill impairment$(9,000)$— $— $— $— $— $— $— $— $— $— 
2


202320242025
FYE 12/31Q1Q2Q3Q4FYE 12/31Q1Q2Q3Q4FYE 12/31
(Unaudited; in thousands)
Adjusted EBITDA(g)
People Inc.
Digital(a)
$241,380 $35,880 $63,190 $68,796 $129,083 $296,949 $41,529 $63,295 $64,899 $138,937 $308,660 
Print(b)
65,815 4,026 13,466 12,219 16,526 46,237 14,281 16,445 6,399 11,920 49,045 
Other(c)(d)
(84,438)(9,664)(10,232)(12,374)(15,496)(47,766)24,481 (10,119)(6,332)(8,658)(628)
Total People Inc.(a)
222,757 30,242 66,424 68,641 130,113 295,420 80,291 69,621 64,966 142,199 357,077 
Search44,283 4,377 4,645 2,451 6,037 17,510 3,009 5,101 1,880 231 10,221 
Emerging & Other(f)
(11,469)(20,639)(6,507)(2,121)(6,728)(35,995)(4,518)(6,338)(20,046)3,163 (27,739)
Corporate(100,170)(24,824)(22,445)(15,452)(27,406)(90,127)(42,389)(22,770)(25,510)(22,618)(113,287)
Total Adjusted EBITDA$155,401 $(10,844)$42,117 $53,519 $102,016 $186,808 $36,393 $45,614 $21,290 $122,975 $226,272 
The following table reconciles net earnings (loss) attributable to IAC shareholders to operating (loss) income to Adjusted EBITDA:
202320242025
FYE 12/31Q1Q2Q3Q4FYE 12/31Q1Q2Q3Q4FYE 12/31
(Unaudited; in thousands)
Net earnings (loss) attributable to IAC shareholders$265,942 $45,031 $(142,232)$(243,719)$(198,977)$(539,897)$(216,805)$211,452 $(21,879)$(76,794)$(104,026)
Add back:
Net (loss) earnings attributable to noncontrolling interest(7,625)(59)765 6,274 (413)6,567 2,237 (819)142 996 2,556 
Loss (earnings) from discontinued operations, net of tax(h)(i)
6,544 (3,470)(2,078)(52,148)(5,026)(62,722)(43,774)(22,660)(27,055)250,871 157,382 
Income tax provision (benefit)84,921 42,811 (40,691)(87,970)(62,424)(148,274)(62,481)82,708 (5,158)18,451 33,520 
Other (income) expense, net(46,218)(30,262)(50,007)(10,192)(7,768)(98,229)(7,632)(2,793)18,447 (24,146)(16,124)
Unrealized loss (gain) on investment in MGM Resorts International(721,668)(163,751)179,284 346,272 287,373 649,178 324,265 (307,437)(17,476)(118,527)(119,175)
Interest expense137,495 34,680 34,474 34,656 31,909 135,719 28,314 37,167 27,636 26,910 120,027 
Operating (loss) income(280,609)(75,020)(20,485)(6,827)44,674 (57,658)24,124 (2,382)(25,343)77,761 74,160 
Add back:
Stock-based compensation expense69,062 18,086 19,135 17,493 18,445 73,159 (21,390)18,310 15,877 15,107 27,904 
Depreciation77,699 10,914 8,079 7,819 8,069 34,881 11,241 7,268 8,235 8,255 34,999 
Amortization of intangibles280,249 35,176 35,388 35,034 30,828 136,426 22,418 22,418 22,521 21,852 89,209 
Goodwill impairment9,000 — — — — — — — — — — 
Adjusted EBITDA$155,401 $(10,844)$42,117 $53,519 $102,016 $186,808 $36,393 $45,614 $21,290 $122,975 $226,272 
(a)The third quarter of 2025 operating income of $38.4 million and Adjusted EBITDA of $64.9 million at People Inc. Digital include $8.3 million of severance-related costs driven by headcount reductions to better align the business with strategic growth opportunities.

(b)The third quarter of 2025 operating income of $1.0 million and Adjusted EBITDA of $6.4 million at People Inc. Print include $5.8 million of severance-related costs driven by headcount reductions to better align the business with strategic growth opportunities.

(c)Other comprises unallocated corporate costs.
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(d)The 2023 operating loss of $130.6 million and Adjusted EBITDA loss of $84.4 million at People Inc. Other include $44.7 million of impairment charges of a right-of-use asset related to certain unoccupied leased office space. The first quarter of 2025 operating income of $16.6 million and Adjusted EBITDA of $24.5 million at People Inc. Other include a net gain of $36.2 million related to the aforementioned unoccupied office space. The third quarter of 2025 operating loss of $10.9 million and Adjusted EBITDA loss of $6.3 million at People Inc. Other include a net gain of $5.2 million related to an amendment of a lease, which provided for the surrender of certain office space early, partially offset by $1.0 million of severance-related costs driven by headcount reductions to better align the business with strategic growth opportunities.
(e)The 2023 operating loss of $130.6 million and depreciation of $32.2 million at People Inc. Other include $25.3 million of impairment charges related to leasehold improvements and furniture and equipment related to certain unoccupied leased office space and a $4.2 million write-off of certain leasehold improvements and furniture and equipment.

(f)The third quarter of 2025 operating loss of $20.8 million and Adjusted EBITDA loss of $20.0 million at Emerging & Other include $21.4 million of legal fees and settlement expenses for litigation that concluded in Q3 2025 related to a legacy business.
(g)Adjusted EBITDA (Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization) is defined as operating income excluding: (1) stock-based compensation expense; (2) depreciation; and (3) acquisition-related items consisting of (i) amortization of intangible assets and impairments of goodwill and intangible assets, if applicable, and (ii) gains and losses recognized on changes in the fair value of contingent consideration arrangements, if applicable. We believe this measure is useful for analysts and investors as this measure allows a more meaningful comparison between our performance and that of our competitors. Adjusted EBITDA has certain limitations because it excludes the impact of these expenses.
(h)On March 31, 2025, IAC completed the spin-off of Angi, including Roofing, by means of a special dividend (the "Distribution") of all shares of Angi capital stock held by IAC to holders of its common stock and Class B common stock. As a result of the Distribution, IAC no longer owns any shares of Angi's capital stock and Angi became an independent public company. The operations of Angi, including Roofing, which Angi sold on November 1, 2023 and IAC included in Emerging & Other following its sale, are presented as discontinued operations within IAC's consolidated financial statements for all periods prior to March 31, 2025.
(i)On March 16, 2026, IAC completed the previously announced sale of Care.com. As a result of the sale, the operations of Care.com are presented as discontinued operations within IAC’s consolidated financial statements for all periods prior to its sale.
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Source: View Original Filing on SEC EDGAR

FAQ

How did IAC (IAC) change its segment reporting for People Inc.?

IAC moved the digital portion of a legacy agency business from the People Inc. Print segment into the People Inc. Digital segment, effective January 1, 2026. Prior periods were recast so historical Print and Digital results align with this new internal management structure.

How is the Care.com sale reflected in IAC’s updated financials?

After selling Care.com on March 16, 2026, IAC now presents Care.com’s historical results as discontinued operations. The supplemental tables show IAC’s revenue, operating income and Adjusted EBITDA on a continuing-operations basis for 2023–2025, excluding Care.com for periods before the sale.

What were IAC’s 2025 revenue and Adjusted EBITDA from continuing operations?

For 2025, IAC reported total revenue of $2,045,957 thousand and Adjusted EBITDA of $226,272 thousand from continuing operations. These figures incorporate the People Inc. segment reclassification and exclude Care.com, which is now treated as discontinued operations for all pre-sale periods.

How did IAC’s Adjusted EBITDA change from 2024 to 2025?

IAC’s Adjusted EBITDA from continuing operations increased from $186,808 thousand in 2024 to $226,272 thousand in 2025. This measure adds back stock-based compensation, depreciation, amortization and goodwill impairment to operating income, providing a clearer view of underlying operating performance.

What is Adjusted EBITDA as defined by IAC in this filing?

Adjusted EBITDA is defined as operating income excluding stock-based compensation, depreciation, and acquisition-related items such as amortization and impairments of goodwill and intangible assets, plus fair-value changes on contingent consideration when applicable. IAC believes this helps compare performance with competitors, though it has limitations.

Where can investors find the full IAC supplemental financial tables?

Investors can review the full supplemental financial information, including detailed segment tables, on IAC’s investor relations site at http://ir.iac.com/quarterly-results and through Exhibit 99.1, which accompanies the company’s current report furnished under Regulation FD.

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