IAC Inc 2025年季度报告

FORM10-Q QUARTERLY REPORT PURSUANT TO SECTION13 OR15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the Quarterly Period EndedSeptember 30, 2025Or TRANSITION REPORT PURSUANT TO SECTION13 OR15(d) OF THE SECURITIES EXCHANGE ACT OF1934For the transition period from__________to__________Commission File No.001-39356 IAC Inc. (Exact name of registrant as specified in its charter) Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or15(d) of the Securities Exchange Act of1934 during thepreceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of RegulationS-T(§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growthcompany. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smallerreporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No☒ As of October31, 2025, the following shares of the registrant’s common stock were outstanding: Common Stock71,643,545Class B common stock5,789,499Total77,433,044 TABLE OF CONTENTS PART I Item 2.Item3.Item4. PART II Item 1.Item 1A.Item 2.Item 5.Item 6. Legal ProceedingsRisk FactorsUnregistered Sales of Equity Securities and Use of ProceedsOther InformationExhibitsSignatures IAC INC. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEET(Unaudited) IAC INC. AND SUBSIDIARIESCONSOLIDATED STATEMENT OF CASH FLOWS(Unaudited) IAC INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) NOTE 1—THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES As used herein, “IAC,” the “Company,” “we,” “our,” “us” and other similar terms refer to IAC Inc. and its subsidiaries (unless the contextrequires otherwise). On July 31, 2025, Dotdash Meredith Inc. was rebranded “People Inc.” and is referred to as such throughout this report (unless the contextrequires otherwise). Dotdash Meredith Inc. remains the entity’s legal name. Nature of Operations IAC today is comprised of category leading businesses, including People Inc. and Care.com, among others, and holds strategic equitypositions in MGM Resorts International (“MGM”) and Turo Inc. (“Turo”). Angi Inc. Spin-Off On March 31, 2025, IAC completed the spin-off of Angi Inc. (“Angi”) by means of a special dividend (the “Distribution”) of all shares ofAngi capital stock held by IAC to holders of its common stock and Class B common stock. As a result of the Distribution, IAC no longer ownsany shares of Angi’s capital stock and Angi became an independent public company. As a result of the Distribution, the operations of Angi arepresented as discontinued operations within IAC’s consolidated financial statements for all periods prior to March 31, 2025. See “Note 12—Discontinued Operations” for additional information. Basis of Presentation The Company prepares its consolidated financial statements (referred to herein as “financial statements”) in accordance with UnitedStates (“U.S.”) generally accepted accounting principles (“GAAP”). The financial statements include all accounts of the Company, all entitiesthat are wholly-owned by the Company and all entities in which the Company has a controlling financial interest. All intercompany transactionsand balances between entities comprising the Company have been eliminated. The unaudited interim financial statements have been prepared in accordance with GAAP for interim financial information and with therules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all the information and notesrequired by GAAP for complete annual financial statements. In the opinion of management, the unaudited interim financial statements includeall normal recurring adjustments considered necessary for a fair presentation. Interim results are not necessarily indicative of the results thatmay be expected for the full year. The unaudited interim financial statements should be read in conjunction with the annual audited financialstatements of the Company a