Every material Form 8-K People filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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.
IAC reported second-quarter 2025 revenue of $586.9 million, down 7% from $634.4 million a year earlier, while operating income was $0.6 million compared with a $21.5 million loss. Net earnings of $211.5 million and diluted earnings of $2.57 per share were driven largely by a $307.4 million unrealized gain on its MGM Resorts stake, so shareholders should weigh the falling sales against a profit figure that depends heavily on MGM's share price.
Revenue was $586.9 million, down 7%, with Search revenue down 39% to $61.7 million
Operating income was $0.6 million versus a $21.5 million loss in Q2 2024; Adjusted EBITDA rose 15% to $51.4 million
Diluted earnings per share were $2.57 versus a loss of $1.71, largely reflecting the $307.4 million unrealized MGM gain
Full-year 2025 guidance: operating income of $82-$140 million and Adjusted EBITDA of $247-$285 million
Dotdash Meredith Inc., an indirect subsidiary of IAC Inc., closed a $400 million private offering of 7.625% senior secured notes due 2032 on June 16, 2025. Proceeds from the notes and a new $700.0 million term loan B were used to repay the existing $1.18 billion term loan B-1 and pay related fees and expenses, and the notes and new loan are secured by a first-priority lien on substantially all of the company's assets. The filing adds new fixed-rate debt and restrictive covenants, including limits on dividends and debt incurrence.
$400 million of 7.625% senior secured notes due June 15, 2032, issued at 100% of face value
Interest payable semi-annually from December 15, 2025
New $700.0 million term loan B maturing June 16, 2032 replaces the $1.18 billion Existing Term Loan B-1
Term loan margin of 2.50% for base rate loans and 3.50% for term benchmark loans
On May 14, 2025, Dotdash Meredith Inc., described in the filing as a subsidiary of IAC Inc., amended its credit agreement with JPMorgan Chase Bank, N.A. as agent. The amendment replaced existing term A loans with $350 million of new term A loans and replaced a $150 million revolving credit facility with a new $150 million facility, both maturing May 14, 2030. The filing describes a debt refinancing with new pricing and covenant terms, and does not report any effect on earnings.
Amendment dated May 14, 2025, with JPMorgan Chase Bank, N.A. as administrative and collateral agent
$350 million of new term A loans refinance all outstanding existing term A loans; proceeds repay those loans and fund general corporate purposes
New $150 million revolving facility replaces the existing one, which was undrawn at closing
Initial margin of 2.00% for term benchmark loans; maximum consolidated net leverage ratio of 5.50 to 1.00; maturity May 14, 2030
IAC Inc. (NASDAQ: IAC) reported first-quarter 2025 results on May 5, 2025. Revenue fell 9% to $570.5 million from $624.3 million, and the company swung to a net loss attributable to shareholders of $216.8 million, or $2.64 per diluted share, from net earnings of $45.0 million a year earlier, mainly because of a $324.3 million unrealized loss on its MGM Resorts stake. Operating income rose to $35.8 million from a $63.4 million loss, and the company reiterated its full-year 2025 guidance.
Net loss attributable to IAC shareholders of $216.8 million, or $2.64 per diluted share, versus net earnings of $45.0 million, or $0.51 per diluted share, in Q1 2024
Unrealized loss of $324.3 million on the MGM Resorts investment; IAC held 64.7 million MGM shares worth $2.1 billion as of May 2, 2025
Adjusted EBITDA of $50.9 million versus $5.5 million a year earlier; free cash flow was negative $4.6 million
Repurchased 4.5 million shares for $200 million between February 12 and May 2, 2025; 9.2 million shares remained under the 10 million share authorization approved March 16, 2025
IAC Inc. (NASDAQ: IAC), which filed under that name rather than People Inc. (PPLI), completed the spin-off of Angi Inc. on March 31, 2025, distributing its full stake to IAC shareholders, and Angi is now an independent public company. The same day, Joseph Levin ceased to serve as IAC's Chief Executive Officer and as a director, and the filing does not report any new financial results from the transaction.
Angi shares distributed on March 31, 2025, at 0.5251 Angi Class A shares for each IAC share held at the March 25, 2025 record date; fractional shares paid in cash.
IAC no longer owns any Angi capital stock.
Joseph Levin left the CEO role and IAC board effective March 31, 2025; the press release says he became Executive Chairman of Angi and remains an advisor to IAC.
Unaudited pro forma 2024 revenue is $2.6 billion, excluding Angi, compared with $3.8 billion reported historically.
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.
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
IAC Inc., named as the filer in this 8-K, signed a further amendment to its services agreement with Google on January 20, 2025. The amended terms take effect April 1, 2025, and extend the expiration date to March 31, 2026. The filing does not disclose financial terms, so shareholders can see the contract's duration and renewal mechanics but not its economic value.
Amendment signed January 20, 2025; amended terms effective April 1, 2025
Agreement now expires March 31, 2026
Automatically renews for one additional year unless either party gives notice of non-renewal by December 31, 2025
Full agreement to be filed as an exhibit to the Form 10-K for fiscal year ended December 31, 2024
This 8-K is from IAC Inc. (NASDAQ: IAC), not People Inc (PPLI). IAC's board approved a plan to spin off its full stake in Angi Inc. (NASDAQ: ANGI) to IAC shareholders, subject to conditions and final board approval. CEO Joey Levin will leave his CEO and board roles on the earlier of the spin-off's completion or May 31, 2025, and IAC does not intend to appoint a new CEO.
Spin-off expected to be tax free and to close in the first half of 2025, but no sooner than March 31, 2025
Levin's CEO and board roles end on the earlier of spin-off completion or May 31, 2025; he becomes Angi Executive Chairman
Levin receives 5,008,600 Angi Class B shares and $9,346,585 in cash, and will provide consulting services for six years at $3,000,000 per year
Levin's 3,000,000 restricted shares of IAC stock were cancelled and forfeited; IAC and Angi affirmed prior Q4 2024 financial expectations
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every People filing is on SEC EDGAR ↗. 8-K briefs of other companies →