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IAC/InteractiveCorp. (IAC)
NASDAQ:IAC
Earnings Data
Report Date
May 11, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.28Last Year’s EPS
-2.8Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted solid operational and financial momentum at People and IAC: double-digit digital growth in the quarter, strong off-platform and licensing expansion, improved digital margins, high engagement from new products (MyRecipes, PEOPLE app), progress on D/Cipher, and active capital returns (share buybacks). However, material challenges persist, notably the sharp decline in core web sessions driven by a multi-year collapse in Google search referrals, a steep print revenue decline, Care enterprise softness, uncertainty around the AMG/search business, and a projected $15M litigation expense that compresses consolidated EBITDA guidance. Management presented a constructive long-term strategy and prioritized product and distribution shifts that are already producing results, while also taking a conservative near-term posture in guidance to reflect external risks.Company Guidance
Strong Q4 and Full-Year Digital Revenue Growth
People digital revenue grew 14% in Q4. For the full year, IAC reported $1.8 billion of revenue with $1.1 billion from Digital (Digital revenue +10% year-over-year).
Advertising, Performance Marketing and Licensing Strength
Advertising grew 9% in the quarter despite declines in core sessions; Performance Marketing grew 17% in Q4 (holiday period); Licensing grew 36% driven by Apple News, content syndication and an AI content partnership with Meta.
Improving Profitability and Digital Margins
Aggregate adjusted EBITDA for the year was $331 million (excludes $41M lease gains and $15M severance). Digital full-year EBITDA margins were ~28% (essentially flat YoY). Q4 Digital adjusted EBITDA grew 9% (adjusted) with incremental Digital margins at 26%.
Rapid Growth in Off-Platform / Non-Session-Based Revenue
Off-platform views nearly doubled over two years and grew 43% YoY in the quarter. Non-session-based revenue comprised ~38% of total Digital revenue and grew 37% YoY in Q4; sessions-based revenue grew 4% YoY.
Product and Audience Engagement Momentum
MyRecipes: ~3 million registered users and 24 million recipes saved in under a year. PEOPLE app: ~300,000 downloads with app sessions averaging ~6 minutes (vs ~2 minutes on the web). In-app games drive ~20-minute session durations, indicating strong engagement and monetization potential.
D/Cipher and Off-Platform Initiatives Gaining Traction
D/Cipher (Decipher+) is positioned as a fast-growing off-platform business and management expects it to contribute ~2–3 percentage points of the projected mid- to high-single-digit growth for People in 2026.
Emerging & Other Turnaround
Emerging & Other revenue grew 18% and turned profitable with ~$3 million of adjusted EBITDA. The Daily Beast revenues grew 50% YoY; Vivian returned to growth and regained momentum.
Care Profitability and Margins
Care generated $19 million of adjusted EBITDA in the quarter, representing ~22% EBITDA margins, showing operational improvement despite top-line softness.
Capital Allocation: Buybacks and MGM Investment
IAC repurchased $337 million of stock over the past 12 months, reducing share count by ~10%. The company increased its economic exposure in MGM (total equity stake and appreciation cited), and management highlighted BetMGM operational improvements.
Conservative, Yet Clear 2026 Targets
IAC will provide annual guidance only; People expects mid- to high-single-digit growth in Digital revenue and Digital adjusted EBITDA for 2026. Management flagged digital EBITDA excluding an expected $15M litigation expense would be in a higher implied range.
IAC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
IAC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 03, 2026 | $36.80 | $35.69 | -3.02% |
Nov 03, 2025 | $32.56 | $32.00 | -1.72% |
Aug 04, 2025 | $39.52 | $34.38 | -13.01% |
May 05, 2025 | $35.35 | $34.09 | -3.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does IAC/InteractiveCorp. (IAC) report earnings?
IAC/InteractiveCorp. (IAC) is schdueled to report earning on May 11, 2026, After Close (Confirmed).
What is IAC/InteractiveCorp. (IAC) earnings time?
IAC/InteractiveCorp. (IAC) earnings time is at May 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IAC EPS forecast?
IAC EPS forecast for the fiscal quarter 2026 (Q1) is -0.28.