IAC
Owner of People Inc. with strategic stakes in MGM Resorts and Turo.
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Profile
IAC is a NASDAQ-listed media and internet company centered on People Inc., a large U.S. digital and print publisher. It also holds strategic equity positions in MGM Resorts International and Turo as it narrows away from older internet holdings.
IAC Inc. is a media and internet company whose operating focus has shifted toward People Inc., its portfolio of digital and print publishing brands including PEOPLE, Food & Wine, Better Homes & Gardens, Southern Living, Travel + Leisure, Investopedia and Verywell. The company earns from digital advertising, performance marketing, subscriptions, newsstand sales and related publishing products, while its remaining search assets include Ask Media Group and legacy desktop search operations.
IAC has also used spin-offs and asset sales to simplify the portfolio: Angi became independent in 2025, and IAC agreed in 2026 to sell Care.com. Management has announced a planned corporate name change to People Incorporated by August 2026, reflecting a tighter focus on publishing and its investment in MGM Resorts International. Its main dependencies include advertising demand, digital audience growth, platform traffic patterns, print economics and the performance of its strategic holdings.
Company facts
Key statistics
Year to date +18.2% · Average volume (30d) 950.2K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| May 7, 2026 | Piper Sandler | Target | $100 | $52 | ||
| May 6, 2026 | UBS | Reiterate | Neutral | $42 | $49 | |
| May 6, 2026 | Barclays | Reiterate | Overweight | $48 | $55 | |
| May 6, 2026 | Jefferies | Downgrade | Buy | Hold | $45 | $44 |
| Apr 23, 2026 | Keybanc | Reiterate | Overweight | $66 | $51 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q2 FY26 | −$0.40 | $6.68 | +1,773.2% | $433.8M | $436.7M | +0.7% | +10.39% |
| May 4, 2026Q1 FY26 | −$0.34 | −$0.05 | +85.3% | $520.3M | $422.9M | −18.7% | −8.43% |
| Feb 3, 2026Q4 FY25 | $0.67 | −$0.99 | −247.8% | $641.0M | $646.0M | +0.8% | −3.02% |
| Nov 3, 2025Q3 FY25 | −$0.24 | −$0.27 | −12.5% | $641.0M | $589.8M | −8.0% | −1.72% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $570.5M | $586.9M | $589.8M | $646.0M | $422.9M | $436.7M | |
| Gross profit | $365.2M | $385.0M | $382.3M | $419.7M | $263.1M | $280.2M | |
| Operating income | $35.8M | $575.0K | −$20.4M | $94.1M | −$40.1M | −$14.3M | |
| Net income | −$216.8M | $211.5M | −$21.9M | −$76.8M | $3.8M | $506.9M | |
| Diluted EPS | −$2.64 | $2.57 | −$0.27 | −$0.99 | $0.05 | $6.68 | |
| Gross margin | 64.0% | 65.6% | 64.8% | 65.0% | 62.2% | 64.2% | |
| Operating margin | 6.3% | 0.1% | -3.5% | 14.6% | -9.5% | -3.3% |
Fiscal years (4-quarter sums)FY21 $3.70B · FY22 $5.24B · FY23 $4.37B · FY24 $2.89B · FY25 $2.39B
Revenue by product · Q2 FY26
Revenue by geography · Q4 FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $1.11B · Total debt $1.41B · Total assets $7.52B · Shareholders' equity $5.08B
Dividends
No dividends on record.
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 74.39M · Float 55.07M
This issuer lists more than one class and the share count spans them all, so a stake here reads as a share of the whole company, not of this class.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % of company | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 7.72M | 10.38% | 13F | Aug 7, 2026 |
| Barry Diller | 6.59M | 8.90% of class | 13D | Jun 22, 2026 |
| Aristeia Capital LLC | 6.10M | 8.20% | 13F | Aug 14, 2026 |
| Helikon Investments Limited | 5.65M | 7.60% of class | 13G | Jul 9, 2026 |
| HighSage Ventures LLC | 4.56M | 6.20% of class | 13G | Aug 14, 2025 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 12, 2026 | Michael H. Schwerdtman | officer: SVP and CAO | −6,878 | $40.54 |
Peers
Not reported.



