• IAC posted Q1 revenue of USD 422.9 million, down 12%, while net loss attributable to shareholders narrowed to USD 71.9 million and diluted loss per share improved to USD 0.94.
• Operating results swung to a loss of USD 40.1 million from income a year earlier, while adjusted EBITDA fell 93% to USD 2.7 million.
• People Inc. revenue slipped 2% to USD 385.7 million as digital revenue rose 8% to USD 253 million, while total sessions fell 18% to 2,041 million.
• Search revenue dropped 76% to USD 17.1 million; operations ceased following expiration of the Google Services Agreement on April 30, 2026, with the segment set to be reclassified as discontinued operations starting in Q2.
• IAC completed the sale of Care.com for net proceeds of USD 296 million, repurchased 2,900,000 shares for USD 111 million since Q4 2025 earnings, and said it expects about USD 40 million in annual run-rate operating expense savings from a corporate consolidation tied to its planned transition to People Incorporated.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IAC Inc. published the original content used to generate this news brief on May 04, 2026, and is solely responsible for the information contained therein.