IAC/InterActiveCorp
(NASDAQ:IAC)

IAC/InterActiveCorp operates as a media and internet company worldwide. The company offers digital marketplace service which connects consumers with service professionals for repairing, remodeling, cleaning, and landscaping solutions under the HomeAdvisor, Angie's List, and Handy brands; Vimeo, a cl...

Website: http://www.iac.com

Founded: 1995

Full Time Employees: 6,400

CEO: Joseph M. Levin

Sector: Communication Services

Industry: Internet Content & Information

Technology

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At a glance:

Bull Thesis:

Bear Thesis:

Main Competitors:

Moat:

Income Statements:

Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31

revenue	645,979,000	589,793,000	586,928,000	570,489,000	989,307,000	938,719,000	949,527,000	929,680,000	1,058,034,000	1,111,341,000	1,111,589,000	1,084,271,000	1,246,453,000	1,300,901,000	1,362,581,000	1,325,345,000	1,159,442,000	924,068,000	829,547,000	875,988,000	848,819,000	788,377,000	726,361,000	684,124,000
yoy	-34.70%	-37.17%	-38.19%	-38.64%	-6.50%	-15.53%	-14.58%	-14.26%	-15.12%	-14.57%	-18.42%	-18.19%	7.50%	40.78%	64.26%	51.30%	36.59%	17.21%	14.21%	28.05%
qoq	9.53%	0.49%	2.88%	-42.33%	5.39%	-1.14%	2.13%	-12.13%	-4.80%	-0.02%	2.52%	-13.01%	-4.19%	-4.53%	2.81%	14.31%	25.47%	11.39%	-5.30%	3.20%	7.67%	8.54%	6.17%
operating costs and expenses:
cost of revenue	195,054,000	207,457,000	201,971,000	205,283,000	262,712,000	257,811,000	267,503,000	271,964,000	304,894,000	342,353,000	353,078,000	342,084,000	422,729,000	453,513,000	509,352,000	537,103,000	504,564,000	331,384,000	250,207,000	245,681,000	249,122,000	207,643,000	178,639,000	179,327,000
selling and marketing expense	173,108,000	188,373,000	185,825,000	180,914,000	320,837,000	338,262,000	335,708,000	343,925,000	351,623,000	407,355,000	413,954,000	404,141,000	434,803,000	489,573,000	510,886,000	490,488,000	360,540,000	348,187,000	341,035,000	344,266,000	312,116,000	340,524,000	308,826,000	308,207,000
general and administrative expense	105,987,000	132,369,000	117,343,000	62,824,000	209,733,000	185,258,000	209,998,000	212,669,000	190,209,000	210,507,000	218,166,000	269,526,000	226,528,000	260,073,000	252,318,000	238,355,000	276,278,000	183,299,000	174,711,000	177,431,000	208,899,000	168,889,000	240,725,000	173,741,000
product development expense	46,497,000	49,485,000	49,826,000	50,213,000	80,267,000	78,262,000	78,159,000	86,999,000	83,592,000	79,714,000	86,398,000	88,338,000	93,724,000	74,078,000	84,284,000	80,787,000	36,191,000	61,403,000	61,266,000	82,410,000	75,243,000	67,870,000	62,283,000	61,963,000
depreciation	8,588,000	8,996,000	7,980,000	11,946,000	30,424,000	26,445,000	33,448,000	36,573,000	38,865,000	33,776,000	41,283,000	61,172,000	44,131,000	27,567,000	29,052,000	30,236,000	20,922,000	17,795,000	17,112,000	19,301,000	18,434,000	18,753,000	16,604,000	15,492,000
amortization of intangibles	22,663,000	23,511,000	23,408,000	23,533,000	34,713,000	36,355,000	36,710,000	36,728,000	125,808,000	61,373,000	54,183,000	54,606,000	73,670,000	120,777,000	56,081,000	57,190,000	30,297,000	14,067,000	13,636,000	18,726,000	9,371,000	60,151,000	26,303,000	45,759,000
total operating costs and expenses	759,348,000	610,191,000	586,353,000	534,713,000	938,686,000	922,393,000	961,526,000	988,858,000	1,094,991,000	1,144,078,000	1,167,062,000	1,219,867,000	1,321,590,000	1,425,581,000	1,528,721,000	1,434,159,000	1,228,792,000	956,135,000	857,967,000	887,815,000	873,185,000	917,003,000	833,380,000	996,462,000
operating income	-113,369,000	-20,398,000	575,000	35,776,000	50,621,000	16,326,000	-11,999,000	-59,178,000	-36,957,000	-32,737,000	-55,473,000	-135,596,000	-75,137,000	-124,680,000	-166,140,000	-108,814,000	-69,350,000	-32,067,000	-28,420,000	-11,827,000	-24,366,000	-128,626,000	-107,019,000	-312,338,000
yoy	-323.96%	-224.94%	-104.79%	-160.45%	-236.97%	-149.87%	-78.37%	-56.36%	-50.81%	-73.74%	-66.61%	24.61%	8.34%	288.81%	484.59%	820.05%	184.62%	-75.07%	-73.44%	-96.21%
qoq	455.78%	-3647.48%	-98.39%	-29.33%	210.06%	-236.06%	-79.72%	60.13%	12.89%	-40.99%	-59.09%	80.47%	-39.74%	-24.95%	52.68%	56.91%	116.27%	12.83%	140.30%	-51.46%	-81.06%	20.19%	-65.74%
operating margin %	-17.55%	-3.46%	0.10%	6.27%	5.12%	1.74%	-1.26%	-6.37%	-3.49%	-2.95%	-4.99%	-12.51%	-6.03%	-9.58%	-12.19%	-8.21%	-5.98%	-3.47%	-3.43%	-1.35%	-2.87%	-16.32%	-14.73%	-45.66%
interest expense	-26,910,000	-27,636,000	-37,167,000	-28,314,000	-36,954,000	-39,701,000	-39,515,000	-39,718,000	-40,226,000	-40,157,000	-39,077,000	-38,172,000	-35,303,000	-29,433,000	-23,517,000	-21,912,000	-15,801,000	-6,032,000	-5,814,000	-6,680,000	-6,587,000	-5,807,000	-1,555,000	-2,217,000
unrealized gain on investment in mgm resorts international	118,527,000	17,476,000	307,437,000	-324,265,000	-287,373,000	-346,272,000	-179,284,000	163,751,000	512,611,000	-463,421,000	-32,362,000	704,840,000	246,597,000	42,523,000	-825,305,000	-187,330,000	102,128,000	29,517,000	275,098,000	382,540,000
other income	24,281,000	-18,438,000	2,828,000	7,688,000	11,036,000	16,363,000	54,693,000	34,805,000	3,673,000	25,455,000	10,985,000	23,749,000	-154,737,000	19,678,000	-89,425,000	6,699,000	-21,534,000	79,539,000	50,286,000	13,650,000	-254,237,000	290,786,000	-21,569,000	-57,448,000
loss from continuing operations before income taxes	-21,109,500	-48,996,000
income tax benefit	-78,301,000	27,259,000	-63,040,000	79,234,000	63,280,000	115,839,000	34,638,000		-112,451,000	118,838,000	24,297,000	-139,502,000	5,570,000	26,065,000	228,988,000	70,464,000	12,056,000	-9,910,000	-87,825,000	-48,782,000	-48,000,000	29,508,000	36,079,000	41,432,000
net income from continuing operations	-10,246,250	-21,737,000
earnings from discontinued operations, net of tax	-26,000			15,313,000
net income	-6,418,000	-21,737,000			-83,485,000	-237,445,000			-17,083,250	-392,022,000														-330,571,000
yoy	-92.31%	-90.85%			388.70%	-39.43%
qoq	-70.47%				-64.84%				-95.64%
net income margin %	-0.99%	-3.69%	0%	0%	-8.44%	-25.29%	0%	0%	-1.61%	-35.27%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	-48.32%
net earnings attributable to noncontrolling interests	-390,000	-142,000																			-156,250	-944,000
net loss attributable to iac shareholders	-6,808,000	-21,879,000			-85,230,000	-243,719,000			-15,452,000	-390,538,000
per share information from continuing operations:
basic loss per share	-0.125	-0.27			-1.025	-2.93			-0.185	-4.72
diluted loss per share	-0.125	-0.27			-1.025	-2.93			-0.185	-4.72
per share information attributable to iac common stock and class b common stock shareholders:
stock-based compensation expense by function:
total stock-based compensation expense	16,246	16,992	19,475	-20,400	26,286	28,231	29,099	28,907	29,085	28,962	30,193	28,941	31,016	31,117	31,656	29,687	21,683	15,438	24,051	22,702	48,623	31,719	79,697	37,181,000
earnings from continuing operations before income taxes			273,673,000	-309,115,000									-18,580,000	-91,912,000	-1,104,387,000	-311,357,000	-4,557,000	70,957,000	291,150,000
net earnings from continuing operations			210,633,000	-229,881,000									-13,010,000	-65,847,000	-875,399,000	-240,893,000	7,499,000	61,047,000	203,325,000
net earnings			210,633,000	-214,568,000			-141,467,000	44,972,000			-91,630,000	415,319,000	-10,316,000	-65,847,000	-875,399,000	-240,893,000	7,499,000	61,047,000	191,538,000	328,901,000	507,360,000	185,861,000	-94,064,000
net loss (earnings) attributable to noncontrolling interests			819,000										3,347,000	2,024,000					3,219,000
net earnings attributable to iac shareholders			211,452,000	-216,805,000			-142,232,000	45,031,000			-89,045,000	417,775,000	-1,419,000	-63,823,000	-869,130,000	-235,798,000	12,972,000	60,690,000	194,757,000	329,128,000	509,125,000	184,917,000	-96,117,000
basic earnings per share			2.64	-2.8			-1.71	0.52			-1.07	4.72	-0.07	-0.74	-10.02	-2.72	0.14	0.68	2.31	3.7	5.97	2.17	-1.13
diluted earnings per share			2.57	-2.8			-1.71	0.51			-1.07	4.57	-0.07	-0.74	-10.02	-2.72	0.17	0.65	2.14	3.46	5.78	2.04	-1.13
net (earnings) loss attributable to noncontrolling interests				-2,237,000	413,000	-6,274,000	-765,000										772,250	-357,000					-2,053,000
goodwill impairment										9,000,000			26,005,000		86,748,000							53,173,000		211,973,000
income before income taxes					-107,432,250	-353,284,000			-17,991,500	-510,860,000														-372,003,000
earnings before income taxes							-176,105,000	99,660,000			-115,927,000	554,821,000								377,683,000	555,360,000	156,353,000	-130,143,000
income tax provision								-54,688,000
net loss attributable to noncontrolling interests								59,000	1,100,000	1,484,000	2,585,000	2,456,000			6,269,000	5,095,000				227,000
loss from discontinued operations, net of tax																			-11,787,000
per share information attributable to iac shareholders:
net income (earnings) attributable to noncontrolling interests																								2,372,000
net income attributable to iac/interactivecorp equity in iac holdings, inc.																								-328,199,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-12-01	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31

assets
cash and cash equivalents	960,211,000	1,005,496,000	1,093,866,000	1,159,225,000	1,798,170,000	1,719,767,000	1,601,775,000	1,506,988,000	1,297,445,000	1,252,212,000	1,326,988,000	1,398,836,000	1,417,390,000	1,607,384,000	1,796,202,000	1,852,598,000	2,118,730,000		3,404,913,000	3,476,071,000	3,915,548,000		3,471,713,000	2,447,678,000	2,029,071,000
accounts receivable	448,814,000	397,402,000	376,192,000	391,804,000	519,690,000	477,769,000	489,853,000	463,785,000	536,650,000	519,286,000	521,666,000	537,945,000	607,809,000	587,567,000	633,323,000	593,280,000	693,208,000		322,757,000	256,134,000	293,350,000		227,316,000	205,377,000	207,581,000
other current assets	135,725,000	112,549,000	131,519,000	142,723,000	167,175,000	178,422,000	189,450,000	203,924,000	257,499,000	266,832,000	234,194,000	240,804,000	296,563,000	269,869,000	278,650,000	279,408,000	242,188,000		158,164,000	145,752,000	175,937,000		156,489,000	146,289,000	147,714,000
current assets of discontinued operations
total current assets	1,544,750,000	1,515,447,000	1,601,577,000	1,693,752,000	2,485,035,000	2,400,905,000	2,368,288,000	2,311,156,000	2,240,592,000	2,212,047,000	2,198,407,000	2,379,723,000	2,561,135,000	2,481,163,000	2,738,490,000	2,784,298,000	3,073,914,000		3,912,628,000	3,888,767,000	4,384,835,000		4,205,471,000	3,288,334,000	2,481,450,000
buildings, land, equipment, leasehold improvements and capitalized software	287,393,000	299,290,000	304,742,000	307,883,000
goodwill	1,791,475,000	1,993,302,000	1,993,302,000	1,993,302,000	2,877,078,000	2,881,717,000	2,878,672,000	2,878,872,000	3,024,266,000	3,021,687,000	3,033,112,000	3,030,953,000	3,030,168,000	3,008,244,000	3,099,075,000	3,221,041,000	3,226,610,000		1,659,808,000	1,636,822,000	1,853,513,000		1,767,834,000	1,818,860,000	1,816,723,000
intangible assets, net of accumulated amortization	465,860,000	484,123,000	507,532,000	530,940,000	722,135,000	757,777,000	793,523,000	830,263,000	874,705,000	1,000,001,000	1,061,868,000	1,115,589,000	1,170,041,000	1,282,503,000	1,302,075,000	1,357,479,000	1,414,892,000						394,415,000	428,469,000	452,096,000
investment in mgm resorts international	2,401,858,000	2,243,320,000	2,225,844,000	1,918,407,000	2,242,672,000	2,530,045,000	2,876,317,000	3,055,601,000	2,891,850,000	2,379,240,000	2,842,661,000	2,875,022,000	2,170,182,000	1,923,585,000	1,839,306,000	2,664,612,000	2,649,442,000		2,547,313,000	2,517,796,000	2,242,698,000
long-term investments	409,240,000	409,574,000	409,574,000	420,489,000	438,534,000	447,771,000	401,491,000	402,085,000	411,216,000	432,338,000	431,777,000	327,683,000	325,721,000	311,291,000	301,373,000	322,925,000	327,838,000		328,090,000	305,589,000	306,198,000		1,580,478,000	296,491,000	296,491,000
other non-current assets	230,153,000	242,596,000	317,824,000	322,352,000	388,945,000	418,427,000	476,759,000	457,099,000	473,267,000	494,599,000	486,638,000	563,180,000	625,774,000	850,899,000	882,466,000	966,394,000	1,037,067,000		339,987,000	302,567,000	281,753,000		266,198,000	270,388,000	273,009,000
non-current assets of discontinued operations
total assets	7,130,729,000	7,187,652,000	7,360,395,000	7,187,125,000	9,547,160,000	9,837,191,000	10,204,147,000	10,359,610,000	10,371,177,000	10,018,172,000	10,549,090,000	10,754,021,000	10,393,635,000	10,441,573,000	10,749,141,000	11,893,536,000	12,300,288,000		9,427,725,000	9,288,576,000	9,736,279,000		8,480,214,000	6,371,763,000	5,591,246,000
liabilities and shareholders’ equity
liabilities:
current portion of long-term debt	24,500,000	22,750,000	21,000,000	42,331,000	35,000,000	43,125,000	38,750,000	34,375,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000						13,750,000	13,750,000	13,750,000
accounts payable, trade	37,519,000	42,676,000	47,859,000	47,002,000	71,991,000	80,121,000	76,908,000	83,842,000	105,514,000	143,708,000	127,667,000	114,863,000	133,105,000	158,110,000	154,333,000	184,084,000	203,173,000		117,892,000	116,230,000	93,377,000		96,062,000	99,143,000	90,983,000
deferred revenue	50,315,000	64,120,000	65,059,000	78,567,000	98,568,000	116,983,000	120,592,000	128,246,000	143,449,000	165,807,000	160,827,000	172,847,000	157,124,000	158,767,000	170,207,000	178,061,000	165,451,000		172,683,000	148,048,000	297,580,000		268,225,000	242,756,000	215,671,000
accrued expenses and other current liabilities	448,533,000	462,127,000	424,730,000	459,496,000	680,633,000	634,287,000	648,769,000	608,998,000	671,527,000	683,696,000	715,700,000	680,837,000	759,759,000	738,371,000	959,292,000	939,399,000	980,574,000		458,061,000	378,398,000	385,987,000		402,198,000	348,901,000	342,875,000
current liabilities of discontinued operations
total current liabilities	560,867,000	591,673,000	558,648,000	627,396,000	886,192,000	874,516,000	885,019,000	855,461,000	950,490,000	1,023,211,000	1,034,194,000	998,547,000	1,079,988,000	1,085,248,000	1,313,832,000	1,331,544,000	1,379,198,000		748,636,000	642,676,000	776,944,000		780,235,000	704,550,000	663,279,000
long-term debt	1,401,324,000	1,406,840,000	1,412,332,000	1,419,544,000	1,931,847,000	1,960,090,000	1,971,107,000	1,982,128,000	1,993,154,000	1,999,805,000	2,006,456,000	2,013,107,000	2,019,760,000	2,026,404,000	2,033,038,000	2,039,655,000	2,046,237,000		494,373,000	494,195,000	705,987,000		715,408,000	225,336,000	228,643,000
deferred income taxes	148,602,000	106,579,000	134,824,000	73,085,000	13,867,000	84,516,000	172,307,000	210,727,000	164,612,000	60,627,000	178,295,000	202,566,000	76,276,000	108,638,000	82,471,000	308,178,000	385,890,000		178,388,000	171,800,000	76,758,000		25,970,000	58,860,000	64,697,000
other long-term liabilities	230,913,000	238,867,000	291,809,000	304,368,000	410,866,000	434,831,000	450,504,000	461,830,000	474,540,000	488,632,000	517,865,000	592,132,000	617,842,000	650,795,000	667,229,000	685,425,000	721,262,000		203,809,000	210,269,000	221,139,000		192,313,000	186,955,000	189,547,000
non-current liabilities of discontinued operations
redeemable noncontrolling interests	25,264,000	25,279,000	25,279,000	25,294,000	25,415,000	28,679,000	29,132,000	32,622,000	33,378,000	33,408,000	34,778,000	27,189,000	27,235,000	32,385,000	27,408,000	27,817,000	18,741,000		26,084,000	24,193,000	702,841,000		44,164,000	43,583,000	42,152,000
commitments and contingencies
shareholders’ equity:
common stock, 0.0001 par value...	8,000	8,000	8,000	8,000	8,000	8,000	8,000	8,000	8,000	8,000	8,000	8,000	8,000	8,000	8,000	8,000	8,000		8,000	8,000
class b common stock, 0.0001 par value...	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000		1,000	1,000
additional paid-in capital	5,959,692,000				6,380,700,000				6,340,312,000				6,295,080,000				6,265,669,000
accumulated deficit	-643,000,000	-566,206,000	-544,327,000	-755,779,000						-326,827,000
accumulated other comprehensive loss	-11,842,000	-11,879,000	-11,102,000	-10,993,000	-11,396,000	-9,608,000	-6,473,000	-6,893,000	-10,942,000	-6,579,000	-6,904,000	-14,641,000											-11,818,000	-13,781,000	-17,926,000
treasury stock	-571,032,000	-554,848,000	-453,966,000	-433,268,000	-252,441,000	-252,441,000	-252,441,000	-252,441,000	-252,441,000	-252,469,000	-252,502,000	-177,052,000	-85,323,000	-85,323,000	-59,079,000
total iac shareholders’ equity	4,733,827,000
noncontrolling interests	29,932,000	27,928,000	26,411,000	23,879,000	701,075,000	694,515,000	687,713,000	684,107,000	677,142,000	671,704,000	660,794,000	653,179,000	640,920,000	634,287,000	634,933,000	581,462,000	573,734,000		566,958,000	566,297,000	557,882,000		521,687,000	498,792,000	479,612,000
total shareholders’ equity	4,763,759,000
total liabilities and shareholders’ equity	7,130,729,000
liabilities and shareholders' equity
shareholders' equity:
additional paid-in-capital		5,923,410,000	5,920,478,000	5,913,590,000		6,362,081,000	6,363,548,000	6,346,106,000		6,326,651,000	6,312,394,000	6,306,229,000		6,282,690,000	6,261,929,000	6,249,328,000			6,312,370,000	6,341,667,000	5,660,730,000		6,021,045,000	4,661,231,000
total iac shareholders' equity		4,790,486,000	4,911,092,000	4,713,559,000	5,577,898,000	5,760,044,000	6,008,365,000	6,132,735,000	6,077,861,000	5,740,785,000	6,116,708,000	6,267,301,000	5,931,614,000	5,903,816,000	5,990,230,000	6,919,455,000	7,175,226,000		7,209,185,000	7,178,851,000	6,688,138,000
total shareholders' equity		4,818,414,000	4,937,503,000	4,737,438,000	6,278,973,000	6,454,559,000	6,696,078,000	6,816,842,000	6,755,003,000	6,412,489,000	6,777,502,000	6,920,480,000	6,572,534,000	6,538,103,000	6,625,163,000	7,500,917,000	7,748,960,000		7,776,143,000	7,745,148,000	7,246,020,000		6,715,917,000	5,146,327,000
total liabilities and shareholders' equity		7,187,652,000	7,360,395,000	7,187,125,000	9,547,160,000	9,837,191,000	10,204,147,000	10,359,610,000	10,371,177,000	10,018,172,000	10,549,090,000	10,754,021,000	10,393,635,000	10,441,573,000	10,749,141,000	11,893,536,000	12,300,288,000		9,427,725,000	9,288,576,000	9,736,279,000		8,480,214,000	6,371,763,000
marketable securities						24,947,000	87,210,000	136,459,000	148,998,000	173,717,000	115,559,000	202,138,000	239,373,000	16,343,000	30,315,000	59,012,000	19,788,000		26,794,000	10,810,000				468,990,000	49,912,000
buildings, land, capitalized software, equipment and leasehold improvements					392,761,000
(accumulated deficit) retained earnings					-538,974,000	-339,997,000	-96,278,000						-265,019,000	-263,600,000	-199,777,000
buildings, capitalized software, land, equipment and leasehold improvements						400,549,000	409,097,000
capitalized software, buildings, land, equipment and leasehold improvements								424,534,000
retained earnings								45,954,000	923,000		63,711,000	152,756,000				669,353,000	905,151,000		892,179,000	831,489,000	1,023,170,000		184,917,000
capitalized software, equipment, buildings, land and leasehold improvements									455,281,000	478,260,000	494,627,000
capitalized software, equipment, buildings, leasehold improvements and land												461,871,000		583,888,000
capitalized software, equipment, leasehold improvements, buildings and land													510,614,000
accumulated other comprehensive income													-13,133,000	-29,960,000	-12,852,000	765,000	4,397,000		4,627,000	5,686,000	4,149,000
buildings, capitalized software, leasehold improvements, equipment and land															586,356,000	576,787,000	570,525,000
common stock 0.001 par value...
class b common stock 0.001 par value...
how we addressed the matter in our audit
stock-based compensation
description of the matter
goodwill - quantitative impairment assessment
building, capitalized software, leasehold improvements and equipment																			289,794,000	273,555,000	279,501,000		265,818,000	269,221,000
intangible assets																			350,105,000	363,480,000	387,781,000
income taxes payable																			292,000	295,000	6,590,000		6,207,000	6,152,000	6,076,000
common stock, 0.001 par value...																					83,000		80,000	79,000
class b common stock, 0.001 par value...																					6,000		6,000	6,000
marketable debt securities																							349,953,000
note receivable—related party																									27,172,000
invested capital																									3,935,166,000
total iac shareholders' equity and invested capital, respectively																							6,194,230,000	4,647,535,000
short-term investments																								20,000,000	20,000,000
property, capitalized software and equipment, net of accumulated depreciation and amortization																									271,477,000
liabilities and parent's equity
parent's equity:
iac/interactivecorp equity in iac holdings, inc. and subsidiaries																									3,917,240,000
total parent's equity																									4,396,852,000
total liabilities and parent's equity																									5,591,246,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31

cash flows from operating activities attributable to continuing operations:
net earnings				-214,568,000			-141,467,000	44,972,000			-91,630,000	415,319,000	-10,316,000	-65,847,000	-875,399,000	-240,893,000	7,499,000	61,047,000	191,538,000	328,901,000	507,360,000	185,861,000
less: earnings from discontinued operations, net of tax
net earnings attributable to continuing operations
adjustments to reconcile net earnings attributable to continuing operations to net cash from operating activities attributable to continuing operations:
goodwill impairment									0				26,005,000	0							0	53,173,000	0	211,973,000
amortization of intangibles	22,663,000	23,511,000	23,408,000	23,533,000	34,713,000	36,355,000	36,710,000	36,728,000	125,808,000	61,373,000	54,183,000	54,606,000	73,670,000	120,777,000	56,081,000	57,190,000	30,297,000	14,067,000	11,749,000	18,726,000	9,371,000	60,151,000	26,303,000	45,759,000
depreciation	8,588,000	8,996,000	7,980,000	11,946,000	30,424,000	26,445,000	33,448,000	36,573,000	38,865,000	33,776,000	41,283,000	61,172,000	44,131,000	27,567,000	29,052,000	30,236,000	20,922,000	17,795,000	16,997,000	19,301,000	18,434,000	18,753,000	16,604,000	15,492,000
non-cash lease expense	7,829,000	11,242,000	8,608,000	9,004,000	11,486,000	11,294,000	16,476,000	14,794,000	16,048,000	13,141,000	13,850,000	58,656,000	14,043,000	28,077,000	15,075,000	13,727,000	11,240,000
stock-based compensation expense	16,246,000	16,992,000	19,475,000	-20,400,000	26,286,000	28,231,000	29,099,000	28,907,000	29,085,000	28,962,000	30,193,000	28,941,000	31,016,000	31,117,000	31,656,000	29,687,000	21,683,000	15,438,000	19,664,000	22,702,000	48,623,000	31,719,000	79,697,000	37,181,000
deferred income taxes	74,487,000	-28,182,000	61,907,000	-80,616,000	-71,100,000	-116,389,000	-38,523,000	44,975,000	106,375,000	-119,034,000	-25,703,000	127,154,000	-4,556,000	-26,774,000	-229,495,000	-76,933,000	-17,240,000	6,971,000	96,450,000	47,196,000	51,028,000	-32,803,000	-36,386,000	-13,759,000
loss related to the allocation of a disputed gain on a real estate transaction	-13,411,000
net losses on sales of investments and businesses
unrealized loss on investment in mgm resorts international	-118,527,000	-17,476,000	-307,437,000	324,265,000	287,373,000	346,272,000			-512,611,000	463,421,000	32,362,000	-704,840,000	-246,597,000	-42,523,000	825,305,000	187,330,000
net losses on amendments and early terminations of lease agreements
increase in the estimated fair value of a warrant
other adjustments	2,348,000	397,000	7,475,000	1,469,000	4,843,000	-6,014,000	-344,000	-6,000	-4,847,000	370,000	-3,034,000	-4,804,000	-5,937,000	9,153,000	15,464,000	-717,000	9,315,000	9,693,000	37,774,000	-6,189,000	8,033,000	8,448,000	151,000	10,354,000
changes in assets and liabilities, net of effects of acquisitions and dispositions:
accounts receivable	-56,489,000	-22,949,000	14,578,000	79,026,000	-60,652,000	-4,298,000	-42,917,000	56,084,000	-44,418,000	-23,203,000	-12,698,000	43,023,000	-70,313,000	4,495,000	-76,160,000	75,272,000	-42,326,000	-73,974,000	2,118,000	-42,789,000	-47,601,000	-43,735,000	-20,564,000	-27,216,000
other assets	6,544,000	17,435,000	9,817,000	-32,424,000	15,592,000	22,295,000	21,481,000	44,493,000	1,264,000	-35,671,000	18,710,000	26,978,000	8,659,000	-2,271,000	-2,809,000	5,341,000	-14,816,000	-19,843,000	27,165,000	11,679,000	1,670,000	6,939,000	-12,921,000	310,000
operating lease liabilities	-10,016,000	-14,243,000	-30,079,000	-34,324,000	-17,962,000	-17,057,000	-17,426,000	-17,338,000	-17,816,000	-16,864,000	-19,853,000	-19,723,000	-16,117,000	-15,667,000	-14,835,000	-17,224,000
accounts payable and other liabilities	-19,773,000	30,799,000	-21,467,000	-48,153,000	49,522,000	-8,336,000	39,029,000	-89,548,000	-37,514,000	-25,241,000	49,852,000	-107,356,000	-3,541,000	-168,557,000	8,235,000	-84,049,000	-394,000	35,446,000	56,259,000	-8,462,000	-38,453,000	48,039,000	9,951,000	-7,971,000
income taxes payable and receivable	-231,000	-674,000	-3,864,000	2,510,000	477,000	-10,769,000	-1,288,000	8,800,000	3,571,000	-3,140,000	-6,157,000	8,610,000	-3,043,000	-3,664,000	-5,818,000	5,786,000	3,531,000	2,513,000	-7,621,000	-929,000	-8,671,000	2,018,000	-7,072,000	1,564,000
deferred revenue	-14,189,000	-474,000	-15,029,000	22,608,000	-18,061,000	-3,252,000	-9,162,000	17,942,000	-17,901,000	5,043,000	-11,721,000	15,366,000	-11,219,000	-9,846,000	-1,279,000	11,324,000	-31,644,000	24,664,000	-13,066,000	28,342,000	3,474,000	25,980,000	27,324,000	24,653,000
net cash from operating activities attributable to continuing operations	36,578,000	30,148,000	-2,754,000	63,000									18,702,000	-93,588,000	-20,807,000	12,902,000	-90,729,000	32,644,000
cash flows from investing activities attributable to continuing operations:
capital expenditures						-15,500,000	-16,092,000	-15,712,000		-18,451,000	-86,244,000	-21,863,000								-20,352,000	-19,919,000	-14,223,000	-12,618,000	-14,810,000
free cash flows						79,848,000	68,931,000	48,342,000		-4,061,000	16,843,000	3,304,000								33,520,000	-33,385,000	78,941,000	23,094,000	24,361,000
allocation of angi inc. cash in the distribution
purchase of mgm resorts international common shares
net proceeds from the sales of investments and businesses	1,503,000	0	-240,000	10,096,000
purchases of investments									0	0			0	-2,000,000			-398,000	-16,713,000	1,000	-7,180,000	1,018,456,000
proceeds from the sale of a portion of the retirement investment fund	1,986,000	3,463,000	3,237,000	5,248,000
purchase of retirement investment fund					-715,000
net proceeds from sales of fixed assets	13,203,000	4,006,000	115,000	134,000
proceeds from maturities of marketable debt securities					25,000,000	87,500,000	125,000,000	137,500,000	162,500,000	62,500,000	187,500,000	137,500,000					0	0	0	225,000,000	350,000,000	75,000,000
purchases of marketable debt securities					0	-24,671,000	-74,013,000	-123,104,000	-135,303,000	-123,093,000	-98,497,000	-98,520,000									-224,953,000
net collections of notes receivable
other	-4,922,000	668,000			765,000			1,199,000	0	1,000	5,611,000	4,290,000	10,686,000	285,000	4,843,000	87,000	0	-344,000	-8,834,000	7,551,000	-858,000	-3,541,000	-7,027,000	-110,000
net cash from investing activities attributable to continuing operations	-33,454,000	3,260,000	1,320,000	-375,741,000									-200,660,000	-68,883,000	6,324,000	-231,589,000	-2,690,950,000	-62,633,000
cash flows from financing activities attributable to continuing operations:
principal payments on term loans
net proceeds from term loans refinancing
proceeds from the issuance of the 2032 notes	0	0
debt issuance and deferred financing costs	0
purchases of treasury stock	-15,041,000	-100,000,000	-20,606,000	-179,394,000
withholding taxes paid on behalf of employees on net settled stock-based awards	-12,868,000	-12,423,000	-9,504,000	-45,201,000
net cash from financing activities attributable to continuing operations	-31,869,000	-120,440,000	-64,694,000	-234,000,000									-11,412,000	-37,447,000	-36,310,000	-27,482,000	1,484,842,000	-39,690,000
total cash from continuing operations	-28,745,000	-87,032,000	-66,128,000	-609,678,000									-193,370,000	-199,918,000	-50,793,000	-246,169,000	-1,296,837,000
net cash from operating activities attributable to discontinued operations	0	0	0	-2,758,000													0	0
net cash from investing activities attributable to discontinued operations	0	0	0	-12,499,000													0	0
net cash from financing activities attributable to discontinued operations	0	0	0	-14,343,000													0	0
total cash from discontinued operations	0	0	0	-29,600,000													0	0
effect of exchange rate changes on cash and cash equivalents and restricted cash	108,000	-959,000	1,248,000	362,000	-1,760,000	1,405,000	-134,000	-741,000	1,076,000	-1,676,000	1,402,000	322,000	2,368,000	-3,712,000	-3,172,000	-1,029,000	-1,456,000	-804,000	741,000	-93,000	2,530,000	734,000	1,652,000	-2,897,000
net increase in cash and cash equivalents and restricted cash	-28,637,000	-87,991,000	-64,880,000	-638,916,000	76,160,000	105,094,000	110,200,000	209,560,000							-53,965,000	-247,198,000	-1,298,293,000	-70,483,000	-439,681,000	453,211,000	-7,743,000	1,036,104,000	418,537,000	1,189,480,000
cash and cash equivalents and restricted cash at beginning of period	0	0	0	1,807,255,000	0	0	0	1,306,241,000	0	0	0	1,426,069,000	0	0	0	2,121,864,000	0	0	0	3,477,110,000	0	0	0	840,732,000
cash and cash equivalents and restricted cash at end of period	-28,637,000	-87,991,000	-64,880,000	1,168,339,000	76,160,000	105,094,000	110,200,000	1,515,801,000	45,443,000	-74,697,000	-72,062,000	1,407,557,000	-191,002,000	-203,630,000	-53,965,000	1,874,666,000	-1,298,293,000	-70,483,000	-439,681,000	3,930,321,000	-7,743,000	1,036,104,000	418,537,000	2,030,212,000
net loss		-21,737,000																						-330,571,000
less: net earnings from discontinued operations		0	0	15,313,000
net loss from continuing operations		-21,737,000
adjustments to reconcile net loss to net cash from operating activities attributable to continuing operations:
net loss on sales of investments and businesses		0	11,307,000	7,538,000
net gains on amendments and early terminations of lease agreements
unrealized increase in the estimated fair value of a warrant												-5,940,000		-8,467,000	-4,866,000	-7,985,000
changes in assets and liabilities, net of effects of dispositions:
distribution of angi inc.'s cash in the spin-off		0	0	-386,563,000
principal payments on the term loans		-4,375,000
net proceeds from the term loans refinancing
net gain on lease terminations			-66,000	-36,038,000
net proceeds from lenders from the term loans refinancing
debt issuance costs paid to third parties and deferred financing costs
net earnings from continuing operations				-229,881,000										-65,847,000	-875,399,000	-240,893,000		61,047,000
adjustments to reconcile net earnings to net cash from operating activities attributable to continuing operations:
unrealized decrease in the estimated fair value of a warrant					0	0	-30,624,000	10,231,000	-4,106,000	-6,457,000							-1,687,000	-47,075,000
principal payments on ddm term loans				-8,750,000
provision for credit losses					15,958,000	16,343,000	13,509,000	16,139,000	16,435,000	22,686,000	23,782,000	24,826,000	28,896,000	35,947,000	28,423,000	23,287,000	23,465,000	23,718,000	23,319,000	19,391,000	18,171,000
losses on sales of businesses and investments in equity securities (including downward and upward adjustments)
pension and post-retirement benefit (credit) cost
net proceeds from the sales of businesses and investments					3,607,000	11,377,000	2,501,000	159,678,000	2,675,000	5,695,000	2,312,000	1,179,000
proceeds from the sale of retirement investment fund					0
purchases of investment in mgm resorts international													0	-41,756,000	0	-202,500,000
principal payments on dotdash meredith term loans					-45,464,000	-7,500,000	-7,500,000	-7,500,000	-7,500,000	-7,500,000	-7,500,000	-7,500,000	-7,500,000	-7,500,000	-7,500,000	-7,500,000
proceeds from the issuance of dotdash meredith term loan b-1
proceeds from the exercise of iac stock options																	0	0	25,000	1,471,000
withholding taxes paid on behalf of iac employees on net settled stock-based awards					-360,000	-5,688,000	-680,000	-8,248,000	-2,251,000	-3,086,000	-3,014,000	-2,236,000	-1,010,000	-1,106,000	-1,062,000	-14,890,000	-60,890,000	-8,817,000	-3,279,000	-22,997,000	-61,133,000
withholding taxes paid on behalf of angi inc. employees on net settled stock-based awards					-1,926,000	-909,000	-1,529,000	-3,214,000	-1,214,000	-656,000	-2,745,000	-1,379,000	-3,240,000	-2,074,000	-2,191,000	-1,322,000	-5,773,000	-1,539,000	-6,428,000	-48,168,000
purchases of angi inc. treasury stock					-2,930,000	-7,474,000	-11,341,000	-6,860,000	-7,535,000	0
purchases of iac treasury stock									0	0	-80,902,000	-84,720,000
purchase of noncontrolling interests					0								0	0				-570,000	-1,147,000	-22,938,000		-1,115,000	0	-3,165,000
proceeds from the issuance of vivian health preferred shares, net of fees													0	0
cash flows from operating activities:
adjustments to reconcile net loss to net cash from operating activities:
gains on sales of businesses and investments in equity securities (including downward and upward adjustments)
net cash from operating activities						95,348,000	85,023,000	64,054,000		14,390,000	103,087,000	25,167,000								53,872,000	-13,466,000	93,164,000	35,712,000	39,171,000
cash flows from investing activities:
net proceeds from sales of assets						-8,000	99,000	12,660,000
decrease in notes receivable						0				-2,900,000			0	386,000
net cash from investing activities						45,991,000	46,379,000	172,221,000		-76,165,000	-79,174,000	51,974,000								205,019,000	-43,843,000	-894,685,000	-415,003,000	-518,610,000
cash flows from financing activities:
net cash from financing activities						-37,650,000	-21,068,000	-25,974,000		-11,246,000	-97,377,000	-95,975,000								194,413,000	47,036,000	1,836,891,000	796,176,000	1,671,816,000
total cash provided						103,689,000	110,334,000	210,301,000												453,304,000	-10,273,000	1,035,370,000	416,885,000	1,192,377,000
adjustments to reconcile net earnings to net cash from operating activities:
gains on sales of businesses and investments in equity securities (including upward and downward adjustments)
unrealized gain on investment in mgm resorts international								-163,751,000									-102,128,000			-382,540,000
losses on sales of businesses and investments in equity securities (including downward adjustments)								-25,941,000
losses on investments in equity securities and sales of businesses									21,867,000	-1,061,000	-3,911,000	2,451,000
pension and postretirement benefit cost
acquisitions, net of cash acquired																	-2,674,279,000				-155,444,000	0	3,683,000	-532,857,000
cash distribution related to the spin-off of iac's investment in vimeo																	0	0
proceeds from the issuance of dotdash meredith term loans
principal payments on angi group term loan																	0	0	-213,125,000	-6,875,000	-17,187,000
debt issuance costs													0	0	0	-785,000				-1,440,000	-849,000
net decrease in cash and cash equivalents and restricted cash									45,443,000	-74,697,000	-72,062,000	-18,512,000
pension and postretirement benefit (credit) cost
proceeds from sales of assets										83,000	-498,000	29,388,000
total cash used										-73,021,000	-73,464,000	-18,834,000
pension and postretirement benefit expense											-92,000	728,000	131,903,000	-992,000	42,737,000	36,343,000
losses on sales of businesses and investments in equity securities
net proceeds from the sale of businesses and investments													49,495,000	13,401,000	26,554,000	1,317,000	4,536,000	9,764,000			8,483,000	3,076,000	13,308,000	1,476,000
decrease in notes receivable—related party																						0	27,137,000	27,691,000
proceeds from the issuance of angi group senior notes																					0
purchase of iac treasury stock													0	-26,244,000
purchase of angi inc. treasury stock													0	0	0	-8,144,000	0	-29,766,000	-721,000	-4,916,000
cash merger consideration paid by old iac in connection with the mtch separation
transfers from old iac for periods prior to the mtch separation
proceeds from the sale of old iac class m common stock																					0
less: loss from discontinued operations, net of tax																	0	0
losses on investments in equity securities														-6,113,000			4,337,000	-32,796,000
gains on investments in equity securities																-34,820,000
decrease in notes receivable - related party
principal payments on related-party debt
proceeds from the exercise of angi inc. stock options
distributions to and purchases of noncontrolling interests
total cash (used in) provided by continuing operations
losses on long-term investments in equity securities																				-1,457,000
proceeds from issuance of vimeo common stock, net of fees																				299,750,000
losses from the sale of businesses
proceeds from issuance of related-party debt
purchase of angi homeservices treasury stock																					-9,274,000	0	-15,888,000	-38,512,000
proceeds from the exercise of angi homeservices stock options
withholding taxes paid on behalf of angi homeservices employees on net settled stock-based awards																					-14,086,000	-38,499,000	-8,272,000	-3,222,000
gains on equity securities
cash merger consideration paid by old iac in connection with the separation																						0
transfers from old iac for periods prior to the separation
bad debt expense																							21,971,000	19,929,000
losses on equity securities																							24,718,000	51,473,000
purchases of marketable securities
principal payments on angi homeservices term loan																							-3,437,000	-3,438,000
transfers from (to) old iac for periods prior to the separation
transfers from (to) iac/interactivecorp																								1,720,618,000

IAC/InterActiveCorp(NASDAQ:IAC)

IAC/InterActiveCorp
(NASDAQ:IAC)