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AI brief of an SEC Form 8-K · People (PPLI)

IAC Q4 net loss $199 million on $287 million MGM loss; revenue down 6%

Mixed Impact 4 of 5 earnings Written later

IAC reported fourth-quarter 2024 revenue of $989.3 million, down 6% from a year earlier, and a net loss of $199.0 million, compared with net earnings of $327.8 million in Q4 2023. The loss reflects a $287.4 million unrealized loss on its MGM Resorts stake, while operating income rose to $50.6 million from a loss of $37.0 million. The board also approved a plan to spin off its full Angi Inc. stake, and CEO Joey Levin will step down upon completion of the spin-off.

Key points

  • Q4 2024 revenue $989.3 million, down 6%; Adjusted EBITDA $142.0 million, down 9%
  • Diluted loss per share $(2.39) in Q4 2024 versus earnings of $3.70 per share in Q4 2023
  • FY 2025 Adjusted EBITDA outlook of $345 million to $425 million
  • Free cash flow $289.0 million for 2024, up from $48.2 million in 2023

The filing

CompanyPeople (PPLI)
Form8-K, current report
Filed with the SECFeb 11, 2025, 4:13 PM ET
Accession number0001800227-25-000006

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing 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 February 11, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.