IAC Inc

For the period ended Dec 31, 2024. Filed Feb 28, 2025.

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FY2024 · Filed Feb 28, 2025

PPLI$43.38+3.1%Stored close · as of Nov 9, 2026

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Contents

Item 16. Form 10-K Summary

None.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

February 28, 2025	IAC INC.
	By:	/s/ CHRISTOPHER HALPIN
		Christopher Halpin
		Executive Vice President, Chief Financial Officer and Chief Operating Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities indicated on February 28, 2025:

Barry Diller
Signature	Title
/s/ BARRY DILLER	Chairman of the Board, Senior Executive and Director
/s/ JOSEPH LEVIN	Chief Executive Officer and Director
Joseph Levin
/s/ VICTOR A. KAUFMAN	Vice Chairman and Director
Victor A. Kaufman
/s/ CHRISTOPHER HALPIN	Executive Vice President, Chief Financial Officer and Chief Operating Officer
Christopher Halpin
/s/ MICHAEL H. SCHWERDTMAN	Senior Vice President and Controller (Chief Accounting Officer)
Michael H. Schwerdtman
/s/ CHELSEA CLINTON	Director
Chelsea Clinton
/s/ MICHAEL D. EISNER	Director
Michael D. Eisner
/s/ BONNIE S. HAMMER	Director
Bonnie S. Hammer
/s/ BRYAN LOURD	Director
Bryan Lourd
/s/ DAVID S. ROSENBLATT	Director
David S. Rosenblatt
/s/ MARIA SEFERIAN	Director
Maria Seferian
/s/ ALAN G. SPOON	Director
Alan G. Spoon
/s/ ALEXANDER VON FURSTENBERG	Director
Alexander von Furstenberg
/s/ RICHARD F. ZANNINO	Director
Richard F. Zannino

Schedule II

VALUATION AND QUALIFYING ACCOUNTS

Description	Balance atBeginningof Period	Charges toEarnings	Charges toOther Accounts	Deductions	Balance atEnd of Period
(In thousands)
Allowance for credit losses	$32,379	$61,949(a)	$2,026	$(68,441)(b)	$27,913
Deferred tax valuation allowance	$132,058	$(36,199)(c)	$(1,430)(d)	$—	$94,429
Other reserves	$1,391			$1,344
Allowance for credit losses	$50,971	$87,729(a)	$174	$(106,495)(b)	$32,379
Deferred tax valuation allowance	$124,012	$4,373(e)	$3,673(d)	$—	$132,058
Other reserves	$1,880			$1,391
Allowance for credit losses	$36,637	$116,553(a)	$109	$(102,328)(b)	$50,971
Deferred tax valuation allowance	$112,640	$(4,497)(f)	$15,869(g)	$—	$124,012
Other reserves	$2,530			$1,880

(a) Additions to the allowance for credit losses are charged to expense.

(b) Amount is primarily write-offs of fully reserved accounts receivable, net of recoveries.

(c) Amount is primarily due to a change in judgement on the realizability of foreign net operating losses ("NOLs") following the purchase of the remaining noncontrolling interest of a foreign subsidiary and the realization of previously unbenefited capital losses, partially offset by state NOLs.

(d) Amount primarily relates to currency translation adjustments on foreign NOLs.

(e) Amount primarily relates to a net increase in unbenefited capital losses and foreign NOLs, partially offset by expiring foreign tax credits.

(f) Amount primarily relates to a decrease in federal NOLs, partially offset by a net increase in unbenefited capital losses.

(g) Amount primarily relates to a change in judgement on the realizability of foreign NOLs related to Meredith, acquired by Dotdash on December 1, 2021, partially offset by currency translation adjustments on foreign NOLs.

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