IAC Inc.
For the period ended Mar 31, 2026. Filed May 4, 2026.
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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.
Mar 31, 2026 · Filed May 4, 2026
PPLI$42.08+2.6%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statement of Operations
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| (In thousands, except per share data) | ||
| Revenue | $422,893 | $481,686 |
| Operating costs and expenses: | ||
| Cost of revenue (exclusive of depreciation shown separately below) | 159,773 | 187,315 |
| Selling and marketing expense | 133,030 | 157,369 |
| General and administrative expense | 104,107 | 43,477 |
| Product development expense | 39,695 | 35,742 |
| Depreciation | 7,314 | 11,241 |
| Amortization of intangibles | 19,040 | 22,418 |
| Total operating costs and expenses | 462,959 | 457,562 |
| Operating (loss) income | (40,066) | 24,124 |
| Interest expense | (25,858) | (28,314) |
| Unrealized gain (loss) on investment in MGM Resorts International | 34,005 | (324,265) |
| Other income, net | 14,089 | 7,632 |
| Loss from continuing operations before income taxes | (17,830) | (320,823) |
| Income tax benefit | 15,578 | 62,481 |
| Net loss from continuing operations | (2,252) | (258,342) |
| Loss on the sale of Care.com, net of income taxes | (75,643) | — |
| Earnings from discontinued operations, net of income taxes | 7,225 | 43,774 |
| Net loss | (70,670) | (214,568) |
| Net earnings attributable to noncontrolling interests | (1,212) | (2,237) |
| Net loss attributable to IAC shareholders | $(71,882) | $(216,805) |
| Per share information from continuing operations: | ||
| Basic loss per share | $(0.05) | $(3.14) |
| Diluted loss per share | $(0.05) | $(3.14) |
| Per share information attributable to IAC common stock and Class B common stock shareholders: | ||
| Basic loss per share | $(0.94) | $(2.64) |
| Diluted loss per share | $(0.94) | $(2.64) |
| Stock-based compensation expense by function: | ||
| Cost of revenue | $264 | $335 |
| Selling and marketing expense | 939 | 676 |
| General and administrative expense | 14,349 | (22,906) |
| Product development expense | 860 | 505 |
| Total stock-based compensation expense | $16,412 | $(21,390) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.