IAC/InterActiveCorp Earnings Recaps
Q1 2026
May 8, 2026
Shares dropped 6.5% as investors reacted negatively to signs of decelerating core web traffic and persistent challenges in sessions-based revenues, despite growth in off-platform audiences and nonsessions-based revenue streams.
Key takeaways
- Core web sessions remained under pressure with continued declines in Google search traffic and open web traffic.
- Off-platform audiences (Apple News, TikTok, Instagram, YouTube) grew 27% year-over-year, driving digital revenue growth.
- Nonsessions-based revenue expanded 24% year-over-year and now represents 41% of digital revenue, up from 35% last year.
- Sessions-based revenue held steady but remains a challenged segment within digital revenue streams.
- Digital adjusted EBITDA margins improved to 20%, up from 18% a year ago, supported by diversified revenue and audience mix.
Q3 2025
Nov 4, 2025
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.
Key takeaways
- 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.