Welcome to our dedicated page for People SEC filings (Ticker: IAC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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IAC Inc. furnished audited 2023–2025 financial statements for its wholly owned publishing subsidiary Dotdash Meredith Inc., now branded People Inc. For 2025, People Inc. generated revenue of $1.76 billion, slightly below 2024’s $1.78 billion, but swung to net earnings of $62.5 million from a $12.0 million loss.
Operating income rose to $212.6 million from $106.9 million as total operating costs declined, including sharply lower amortization and depreciation. Total assets were $3.0 billion and shareholder’s equity $968.4 million at December 31, 2025, with long-term debt of $1.44 billion.
Cash from operations was $120.0 million in 2025, with modest positive investing cash flow and net financing outflows driven by term loan repayments and issuance of $400 million of 7.625% senior secured notes due 2032. Ernst & Young LLP issued an unqualified audit opinion on the 2023–2025 financials.
Aristeia Capital, L.L.C. reported a significant ownership stake in IAC Inc., holding 5,702,459 shares of common stock. This represents approximately 7.96% of IAC’s outstanding common shares, based on 71,643,545 shares outstanding as of October 31, 2025.
Aristeia has sole power to vote and dispose of all 5,702,459 shares and no shared voting or dispositive power. It states the shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of IAC Inc.
Southeastern Asset Management, Inc. has filed a Schedule 13G reporting a passive ownership stake in IAC Inc.. Southeastern reports beneficial ownership of 3,989,340 shares of IAC common stock, representing 5.6% of the class as of the event date December 31, 2025.
Southeastern reports sole voting and dispositive power over 650,380 shares and shared voting and dispositive power over 3,338,960 shares. O. Mason Hawkins is listed as a reporting person but reports beneficial ownership of 0 shares. The filers certify the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of IAC.
IAC Inc. vice chairman Victor Kaufman reported routine equity compensation activity. On February 9, 2026, he received 6,845 restricted stock units, which are scheduled to vest in equal installments on February 9 of 2027, 2028, and 2029, subject to continued service.
On February 10, 2026, 2,445 restricted stock units vested and converted into common shares at $0 per share, and 1,007 of those shares were withheld at $36.47 per share to cover taxes. Following these transactions, Kaufman directly held 22,483 IAC common shares, 4,890 restricted stock units, and 68,284 additional shares were held indirectly through a trust for his spouse.
IAC Inc. executive vice president and chief legal officer Kendall Handler reported routine equity compensation activity. On February 6 and 8, 2026, restricted stock units converted into IAC common stock, with portions of the resulting shares withheld at $35.65 per share to cover taxes.
The filing also shows a new award of 123,220 restricted stock units on February 9, 2026, which vest in equal installments on each of February 9, 2027, 2028, and 2029, subject to continued service. Footnotes explain earlier RSU grants with multi-year vesting schedules and note that outstanding unvested RSUs were adjusted after IAC’s March 31, 2025 spin-off of Angi Inc.
IAC Inc. executive Christopher Halpin, EVP, CFO & COO, reported multiple equity compensation events involving common stock and restricted stock units. On February 6 and 8, 2026, restricted stock units vested and converted into IAC common shares, with portions of those shares withheld to cover tax obligations at a price of $35.65 per share.
The filing also shows new equity awards. On February 9, 2026, Halpin received 219,058 restricted stock units, which will convert into the same number of common shares if they vest. Other RSU positions vest over time on specified future anniversaries, conditioned on continued service. Unvested RSU amounts have been adjusted to reflect IAC’s completed spin-off of Angi Inc. through a special dividend in March 2025.
IAC Inc. furnished an update that it has released its financial results for the quarter ended December 31, 2025. The company posted a full earnings press release on its investor relations website and attached it as Exhibit 99.1.
IAC also made an investor presentation available in connection with its earnings call, accessible on the same investor relations page and furnished as Exhibit 99.2. These materials are provided for information purposes and are not treated as filed financial statements under securities laws.
IAC Inc. reports that Google LLC has delivered a notice of non-renewal of their Google Services Agreement, which supplies paid listings to IAC's Search segment. The agreement remains in place until March 31, 2026, but the one-year automatic extension that would have run through March 31, 2027 has been eliminated.
Google has indicated it expects to propose revised terms for a new agreement to take effect after the current one expires, although there is no certainty that new terms will be offered or entered into. All revenue attributable to the existing Services Agreement is recognized within the Search segment, which generated $183.9 million of Revenue and $10.0 million of Operating Income for the nine-month period ended September 30, 2025. Other advertising revenue that IAC earns from Google outside this agreement is not affected by the notice.
IAC Inc. director Maria Seferian reported the vesting of 2,075 restricted stock units into an equal number of shares of IAC common stock on December 12, 2025, at a stated price of $0 per share. Following this transaction, she directly beneficially owned 6,892 shares of common stock and 2,074 restricted stock units. The restricted stock units were granted on December 12, 2023 and vest in three equal annual installments, subject to continued service. IAC previously completed the spin-off of its ownership in Angi Inc. on March 31, 2025 via a special dividend, and the unvested restricted stock units reported have been adjusted to reflect that spin-off.
IAC Inc. insider update: On November 5, 2025, Chairman and Senior Executive Barry Diller acquired 438,757 shares of IAC common stock upon the vesting of restricted stock units. In connection with the vesting, 240,968 shares were withheld at $33.01 to satisfy tax obligations.
Following these transactions, Diller beneficially owns 665,234 shares directly and 136,711 shares indirectly through family trusts. The related RSU award of 438,757 units vested in full on November 5, 2025, with zero RSUs remaining after settlement.