IAC Inc.IACEarnings & Financial Report
IAC Inc. is an American holding company that owns brands worldwide, mostly in media and Internet. The company originated in 1996 as HSN Inc., the holding company of Home Shopping Network and USA Network before changing its name to USA Networks, Inc. in 1999. The firm's television assets then were sold to Vivendi in 2002.
IAC Q1 FY2026 Key Financial Metrics
Revenue
$422.9M
Gross Profit
$422.6M
Operating Profit
N/A
Net Profit
$-71.9M
Gross Margin
99.9%
Operating Margin
N/A
Net Margin
-17.0%
YoY Growth
-12.2%
EPS
$-0.94
IAC Inc. Q1 FY2026 Financial Summary
IAC Inc. reported revenue of $422.9M (down 12.2% YoY) for Q1 FY2026, with a net profit of $-71.9M (up 67.1% YoY) (-17.0% margin). Cost of goods sold was $264.0K.
Key Financial Metrics
| Total Revenue | $422.9M |
|---|---|
| Net Profit | $-71.9M |
| Gross Margin | 99.9% |
| Operating Margin | N/A |
| Report Period | Q1 FY2026 |
Revenue Breakdown
IAC Inc. Q1 FY2026 revenue of $422.9M breaks down across 3 segments, led by People Inc. (a) at $385.7M (91.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| People Inc. (a) | $385.7M | 91.2% |
| Emerging & Other | $20.1M | 4.8% |
| Search | $17.1M | 4.0% |
IAC Inc. Annual Revenue by Year
IAC Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.4B).
IAC Inc. Quarterly Revenue & Net Profit History
IAC Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $422.9M | -12.2% | $-71.9M | -17.0% |
| Q4 FY2025 | $646.0M | -10.5% | $-76.8M | -11.9% |
| Q3 FY2025 | $589.8M | -8.1% | $-21.9M | -3.7% |
| Q2 FY2025 | $586.9M | -7.5% | $211.5M | 36.0% |
| Q1 FY2025 | $570.5M | -8.6% | $-216.8M | -38.0% |
| Q4 FY2024 | $721.4M | +286.0% | $-199.0M | -27.6% |
| Q3 FY2024 | $642.0M | -42.2% | $-243.7M | -38.0% |
| Q2 FY2024 | $634.4M | -42.9% | $-142.2M | -22.4% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $634.4M | $642.0M | $721.4M | $570.5M | $586.9M | $589.8M | $646.0M | $422.9M |
| YoY Growth | -42.9% | -42.2% | 286.0% | -8.6% | -7.5% | -8.1% | -10.5% | -12.2% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $10.20B | $9.84B | $9.69B | $7.19B | $7.36B | $7.19B | $7.13B | $6.82B |
| Liabilities | $4.20B | $4.08B | $4.11B | $2.47B | $2.45B | $2.40B | $2.40B | $2.24B |
| Equity | $6.01B | $5.76B | $5.58B | $4.71B | $4.91B | $4.79B | $4.73B | $4.58B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $85.0M | $95.3M | $110.1M | $63000 | $-2.8M | $30.1M | $36.6M | $5.4M |