IAC InterActive Corp. (IAC) Earnings
IAC InterActive Corp. is expected to report next earnings on August 3, 2026 (in NaN days), with a consensus EPS estimate of $-0.40. IAC has beaten EPS estimates in 5 of its last 12 reported quarters (average surprise -85.2% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 5, 2026 | $-0.34 | $-0.05 | +85.3% | $423M | -18.7% |
| Feb 3, 2026 | $0.67 | $-0.99 | -247.8% | $646M | +24.2% |
| Feb 13, 2024 | $-0.20 | $-0.73 | -265.0% | $1.1B | -0.4% |
| Feb 13, 2023 | $-0.37 | $-0.05 | +86.5% | $1.2B | -0.8% |
| Feb 15, 2022 | $-0.33 | $-0.70 | -112.1% | $1.2B | +25.3% |
| Nov 4, 2021 | $-0.42 | $0.33 | +178.6% | $924M | +9.1% |
| Aug 4, 2021 | $-0.32 | $-0.11 | +65.6% | $830M | -3.1% |
| May 6, 2021 | $-0.62 | $0.40 | +164.5% | $876M | -85.0% |
| Feb 3, 2021 | $-0.52 | $-0.74 | -42.3% | $849M | -89.3% |
| Nov 5, 2020 | $-0.61 | $-0.63 | -3.3% | $788M | -17.5% |
| May 6, 2020 | $0.09 | $0.01 | -88.9% | $684M | +1440.4% |
| Feb 5, 2020 | $1.14 | $1.05 | -7.9% | $2.7B | +105.9% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 5, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- PeopleLink had solid Q1 with 8% digital revenue growth and margin expansion, underpinned by diversified audience and revenue mix, and focus on meeting audiences where they are, with new products and services like My Recipes, People app, etc. in development. - IAC continuing to execute on simplifying strategy, including consolidation of corporate functions, with plans to rebrand as People, Inc., expecting annual run rate operating expense savings of $40 million and reduction in stock-based compensation, with key employees transitioning responsibilities.
Guidance
Reaffirmed PeopleLink adjusted EBITDA guidance at $310 to $340 million; raised emerging and other guidance to $5 to $15 million of adjusted EBITDA; Care.com is a discontinued operation and removed from financials and guidance; search is also discontinued; raised corporate expense guidance to 95 to 105 million due to severance and other one-time charges; expects annual run rate IAC corporate costs to be around $45 million and stock-based comp for the entire company to decline to $30 million after consolidation.
Segment performance
PeopleLink: Q1 digital revenue grew 8%, 10th consecutive quarter of growth; digital adjusted EBITDA margins expanded to 20% from 18% in Q1 last year. IAC: Completed sale of Care.com in March, generating $296 million in net proceeds; repurchased 2.9 million shares of IAC for $111 million since last earnings call; purchased a million incremental shares of MGM for $37 million, increasing ownership to 26%; emerging and other segments showed strong performance with Vivian and the Daily Beast seeing accelerating revenue growth; search business closed in April, incurring $7 million in costs from severance and write-off of prepaid software; sold an unutilized domain name for $7.5 million.
Risks & headwinds
Risks include uncertainties related to Google ad tech litigation, where there are huge claims based on a federal judge's ruling, and the process of resolving it may take time and the outcome is uncertain.
Analyst Q&A
Q: What's the next five years for IAC?
A: Biggest opportunity in publishing business inversion with 19 initiatives, continue to opportunistically buy stock, invest in MGM Resorts.
Q: Macro environment for People?
A: Ad market is 6 out of 10, strength in health, pharma, tech, telco; weakness in CPG, food, Bev; K-shape divergence continued.
Q: Key drivers of 1Q People digital revenue?
A: Performance marketing and licensing and other revenue, non-session-based revenue models growing.
Q: Benefits of keeping MGM within People Incorporated?
A: MGM has outstanding prospects, including large resort in Japan; Turo returning to growth with improved metrics.
Q: Off-platform revenue diversification?
A: Strong iconic brands underpin off-platform business, non-session-based revenue grew 24% in Q1.
Q: Priorities for Decipher and AI impact?
A: Embracers of AI, using AI to streamline processes, tighten ad targeting, etc.; Decipher has opportunities with M&I sales team.
Q: Capital allocation?
A: Use cash for buyback, investment in MGM, potential dividend, direct capital to in-house operations.
Q: Affiliate commerce growth?
A: Commerce business consistent and resilient with GMV growth to retailers, new products coming soon.