IAC's third-quarter results demonstrate resilience amidst strategic changes, highlighting robust performance in its People Inc. division and continued focus on capitalizing opportunities within MGM.

• People Inc. shows strong outperformance in digital publishing, transitioning successfully to modern content strategies amidst industry challenges.
• MGM's recovery post-pandemic continues, with significant share repurchases and growing digital profitability.
• IAC plans to divest non-core assets and streamline operations, reinforcing its commitment to enhancing shareholder value.
• The company emphasizes an innovative approach to content monetization, aiming to transform traditional publishing strategies.
• Management expresses confidence in overcoming external market pressures, positioning IAC for future growth.