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IAC Inc., together with its subsidiaries, operates as a media and internet company worldwide. The company publishes original and engaging digital content in the form of articles, illustrations, and videos and images; and magazines related to women and lifestyle under the media platforms and formats, such as People, Entertainment Weekly, People en Español, Allrecipes, Food & Wine, Simply Recipes, Serious Eats, EatingWell, The Spruce Eats, Liquor.com, MyRecipes, Feedfeed, Better Homes & Gardens, The Spruce, REAL SIMPLE, Southern Living, Martha Stewart, Magnolia Journal, InStyle, Byrdie and Brides, Travel + Leisure, Investopedia, Lifewire, The Spruce Pets, Midwest Living, Verywell, and Successful Farming. It also operates websites that offers general search services and information, including Ask.com, a search site with a variety of fresh and contemporary content; Reference.com that offers content across select vertical categories; Consumersearch.com, which offers content designed to simplify the product research process; and Shopping.net, a vertical shopping search site, as well as offers direct-to-consumer downloadable desktop applications. In addition, the company provides Care.com, an online destination for families to connect with caregivers for their children, aging parents, pets, and homes under the Care For Business and HomePay brands; a platform to connect healthcare professionals with job opportunities under the Vivian Health name; The Daily Beast, a website dedicated to news, commentary, culture, and entertainment that publishes original reporting and opinion; and production and producer services for feature films for sale and distribution through theatrical releases and video-on-demand services under the IAC Films name. The company was formerly known as IAC/InterActiveCorp. IAC Inc. is headquartered in New York, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.4B | $169M | $-104M | $42M | -2.2% | -8.7% | -80.7% |
| 2024 | $2.6B | $-397M | $-540M | $340M | -9.7% | -10.2% | -303.0% |
| 2023 | $2.9B | $899M | $266M | $96M | 4.4% | -44.2% | -122.7% |
| 2022 | $5.2B | $-977M | $-1.2B | $-223M | -19.7% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 5,235.28 | 2,919.40 | 2,622.12 | 2,393.19 |
| Operating Revenue | - | 5,235.28 | 2,919.40 | 2,622.12 | 2,393.19 |
| Cost Of Revenue | - | 1,933.70 | 1,219.23 | 1,002.41 | 809.76 |
| Gross Profit | - | 3,301.58 | 1,700.17 | 1,619.71 | 1,583.42 |
| Operating Expense | - | 3,663.59 | 1,928.96 | 1,648.39 | 1,473.39 |
| Research And Development | - | 318.03 | 237.95 | 228.33 | 196.02 |
| Selling General And Administration | - | 2,906.86 | 1,322.06 | 1,237.32 | 1,146.74 |
| Total Expenses | - | 5,597.30 | 3,148.19 | 2,650.80 | 2,283.15 |
| Operating Income | - | -362.02 | -228.78 | -28.68 | 110.04 |
| Total Operating Income As Reported | - | -474.77 | -237.78 | -28.68 | -97.42 |
| EBITDA | - | -977.37 | 899.47 | -396.58 | 168.74 |
| Normalized EBITDA | - | -109.06 | 201.96 | 221.84 | 293.88 |
| EBIT | - | -1,416.07 | 530.52 | -579.32 | 38.12 |
| Interest Income | - | 24.92 | 53.96 | 66.91 | 46.58 |
| Interest Expense | - | 110.16 | 137.50 | 135.72 | 120.03 |
| Net Interest Income | - | -85.25 | -83.54 | -68.81 | -73.45 |
| Other Non Operating Income Expenses | - | -210.66 | 7.84 | 0.86 | 6.64 |
| Other Income Expense | - | -1,078.97 | 705.35 | -617.55 | -118.50 |
| Interest Income Non Operating | - | 24.92 | 53.96 | 66.91 | 46.58 |
| Interest Expense Non Operating | - | 110.16 | 137.50 | 135.72 | 120.03 |
| Net Non Operating Interest Income Expense | - | -85.25 | -83.54 | -68.81 | -73.45 |
| Pretax Income | - | -1,526.24 | 393.03 | -715.04 | -81.91 |
| Tax Provision | - | -331.09 | 98.16 | -141.87 | 34.85 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -191.03 | 174.38 | -122.45 | -26.28 |
| Net Income Continuous Operations | - | -1,195.15 | 294.87 | -573.17 | -116.76 |
| Net Income From Continuing And Discontinued Operation | - | -1,170.17 | 265.94 | -539.90 | -104.03 |
| Net Income From Continuing Operation Net Minority Interest | - | -1,172.86 | 302.49 | -579.74 | -119.31 |
| Net Income | - | -1,170.17 | 265.94 | -539.90 | -104.03 |
| Net Income Common Stockholders | - | -1,170.17 | 256.73 | -539.90 | -104.03 |
| Net Income Including Noncontrolling Interests | - | -1,192.46 | 258.32 | -533.33 | -101.47 |
| Normalized Income | - | -495.58 | -220.64 | -83.77 | -20.45 |
| Diluted NI Availto Com Stockholders | - | -1,170.17 | 257.02 | -539.90 | -104.03 |
| Basic Average Shares | - | 86.36 | 86.63 | 83.19 | 80.08 |
| Diluted Average Shares | - | 86.36 | 89.54 | 83.19 | 80.08 |
| Reconciled Depreciation | - | 438.70 | 368.95 | 182.74 | 130.62 |
| Reconciled Cost Of Revenue | - | 1,933.70 | 1,219.23 | 1,002.41 | 809.76 |
| Total Unusual Items | - | -868.31 | 697.51 | -618.41 | -125.14 |
| Total Unusual Items Excluding Goodwill | - | -868.31 | 697.51 | -618.41 | -125.14 |
| Minority Interests | - | 22.28 | 7.62 | -6.57 | -2.56 |
| Net Income Discontinuous Operations | - | 2.69 | -36.55 | 39.84 | 15.29 |
| Special Income Charges | - | -53.45 | -9 | 0 | -226.64 |
| Gain On Sale Of Business | 18.87 | 59.30 | -19.20 | 10.37 | - |
| Other Special Charges | 1.11 | - | - | - | 19.19 |
| Write Off | 0 | 0 | - | - | - |
| Impairment Of Capital Assets | - | 112.75 | 9 | 0 | 207.45 |
| Gain On Sale Of Security | - | -814.86 | 706.51 | -618.41 | 101.50 |
| Depreciation Amortization Depletion Income Statement | - | 438.70 | 368.95 | 182.74 | 130.62 |
| Depreciation And Amortization In Income Statement | - | 438.70 | 368.95 | 182.74 | 130.62 |
| General And Administrative Expense | - | 991.98 | 518.73 | 499.09 | 418.52 |
| Other Gand A | - | 991.98 | 518.73 | 499.09 | 418.52 |
| Salaries And Wages | 17.86 | 206.42 | -0.14 | - | - |
| Selling And Marketing Expense | - | 1,914.88 | 803.32 | 738.22 | 728.22 |
| Otherunder Preferred Stock Dividend | - | 0 | 9.22 | 0 | 0 |
| Average Dilution Earnings | - | 0 | 0.30 | 0 | 0 |
| Amortization | - | 307.72 | 288.01 | 141.91 | 93.12 |
| Amortization Of Intangibles Income Statement | - | 307.72 | 288.01 | 141.91 | 93.12 |
| Depreciation Income Statement | - | 130.99 | 80.94 | 40.84 | 37.51 |
Communication Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| IAC Inc.this co. | IAC | $3.1B | -30.21 | 0.66 | -2.2% | 21.38 |
| Lumen Technologies, Inc. | LUMN | $10.2B | -5.87 | -9.13 | 155.7% | 20.43 |
| Madison Square Garden Sports Corp. | MSGS | $9.3B | -413.16 | -32.94 | 8.0% | 1357.01 |
| Versant Media Group, Inc. | VSNT | $5.7B | 6.12 | 0.55 | 9.0% | 2.94 |
| Iridium Communications Inc. | IRDM | $5.5B | 48.13 |
| - |
| - |
| - |
| - |
| 11.90 |
| 24.7% |
| 16.17 |
| Sphere Entertainment Co. | SPHR | $5.1B | 152.34 | 2.28 | 1.5% | 11.94 |
| Telephone and Data Systems, Inc. | TDS | $4.5B | -724.07 | 1.21 | -0.2% | 9.31 |
| Cinemark Holdings, Inc. | CNK | $3.6B | 26.04 | 8.88 | 34.1% | 12.02 |
| John Wiley & Sons, Inc. | WLY | $2.3B | 26.88 | 3.01 | 11.2% | 8.95 |
| Peer Median | - | 16.08 | 1.75 | 10.1% | 11.98 | |