IAC Inc.
For the period ended Sep 30, 2025. Filed Nov 3, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 3, 2025
PPLI$42.08+2.6%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statement of Operations
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| (In thousands, except per share data) | ||||
| Revenue | $589,793 | $642,000 | $1,747,210 | $1,900,683 |
| Operating costs and expenses: | ||||
| Cost of revenue (exclusive of depreciation shown separately below) | 207,457 | 243,061 | 614,711 | 755,879 |
| Selling and marketing expense | 188,373 | 182,820 | 555,112 | 548,208 |
| General and administrative expense | 132,369 | 108,793 | 312,536 | 362,271 |
| Product development expense | 49,485 | 53,948 | 149,524 | 170,571 |
| Depreciation | 8,996 | 8,877 | 28,922 | 30,725 |
| Amortization of intangibles | 23,511 | 36,355 | 70,452 | 109,793 |
| Total operating costs and expenses | 610,191 | 633,854 | 1,731,257 | 1,977,447 |
| Operating (loss) income | (20,398) | 8,146 | 15,953 | (76,764) |
| Interest expense | (27,636) | (34,656) | (93,117) | (103,810) |
| Unrealized gain (loss) on investment in MGM Resorts International | 17,476 | (346,272) | 648 | (361,805) |
| Other (expense) income, net | (18,438) | 10,384 | (7,922) | 90,828 |
| Loss from continuing operations before income taxes | (48,996) | (362,398) | (84,438) | (451,551) |
| Income tax benefit | 27,259 | 86,169 | 43,453 | 80,074 |
| Net loss from continuing operations | (21,737) | (276,229) | (40,985) | (371,477) |
| Earnings from discontinued operations, net of tax | — | 38,784 | 15,313 | 37,537 |
| Net loss | (21,737) | (237,445) | (25,672) | (333,940) |
| Net earnings attributable to noncontrolling interests | (142) | (6,274) | (1,560) | (6,980) |
| Net loss attributable to IAC shareholders | $(21,879) | $(243,719) | $(27,232) | $(340,920) |
| Per share information from continuing operations: | ||||
| Basic loss per share | $(0.27) | $(3.33) | $(0.50) | $(4.48) |
| Diluted loss per share | $(0.27) | $(3.33) | $(0.50) | $(4.48) |
| Per share information attributable to IAC common stock and Class B common stock shareholders: | ||||
| Basic loss per share | $(0.27) | $(2.93) | $(0.34) | $(4.10) |
| Diluted loss per share | $(0.27) | $(2.93) | $(0.34) | $(4.10) |
| Stock-based compensation expense by function: | ||||
| Cost of revenue | $380 | $504 | $1,161 | $1,757 |
| Selling and marketing expense | 1,069 | 292 | 2,894 | 1,928 |
| General and administrative expense | 14,595 | 16,428 | 9,473 | 51,497 |
| Product development expense | 948 | 983 | 2,539 | 2,962 |
| Total stock-based compensation expense | $16,992 | $18,207 | $16,067 | $58,144 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.