IAC Q3 revenue falls 8% to $589.8 million; net loss narrows to $21.9 million
IAC reported third-quarter 2025 revenue of $589.8 million, down 8% from $642.0 million a year earlier, and an operating loss of $20.4 million compared with operating income of $8.1 million. The net loss attributable to IAC shareholders narrowed to $21.9 million, or $0.27 per diluted share, from $243.7 million, helped by a $17.5 million unrealized gain on its MGM Resorts stake versus a $346.3 million loss a year earlier. Adjusted EBITDA fell 59% to $29.1 million, and the company set full-year 2025 outlook for People Inc. operating income of $180-$200 million and Adjusted EBITDA of $325-$340 million.
Key points
- Revenue of $589.8 million fell 8%; People Inc. Digital revenue rose 9% to $269 million.
- Operating loss of $20.4 million includes $21 million of legal fees and settlement expenses tied to a concluded legacy business litigation.
- IAC repurchased 2.8 million shares for $100 million between August 6 and October 31, 2025, leaving 6.4 million shares in its authorization.
- People Inc. signed a deal with Microsoft to help build its AI Publisher Content Marketplace and acquired Feedfeed on October 1, 2025.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:49 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 03, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.