IAC Inc 2026年季度报告

FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION13 OR15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the Quarterly Period Ended March 31, 2026Or 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 May1, 2026, the following shares of the registrant’s common stock were outstanding: Common Stock68,590,555Class B common stock5,789,499Total74,380,054 TABLE OF CONTENTS PART I Item1.Consolidated Financial StatementsConsolidated Balance SheetConsolidated Statement of OperationsConsolidated Statement of Comprehensive OperationsConsolidated Statement of Shareholders' EquityConsolidated Statement of Cash FlowsNotes to Consolidated Financial StatementsNote 1—The Company and Summary of Significant Accounting PoliciesNote 2—Financial Instruments and Fair Value MeasurementsNote 3—Long-term DebtNote 4—Accumulated Other Comprehensive LossNote 5—Segment InformationNote 6—Pension and Post-Retirement Benefit PlansNote 7—Income TaxesNote 8—Loss Per ShareNote 9—Financial Statement DetailsNote 10—ContingenciesNote 11—Related Party TransactionsNote 12—Discontinued OperationsNote 13—People Inc. Financial InformationItem 2.Management's Discussion and Analysis of Financial Condition and Results of OperationsItem3.Quantitative and Qualitative Disclosures About Market RiskItem4.Controls and ProceduresPART IIItem 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 5.Other InformationItem 6.ExhibitsSignatures IAC INC. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEET(Unaudited) IAC INC. AND SUBSIDIARIESCONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS(Unaudited) Three Months Ended March 31,20262025(Inthousands)Net loss$(70,670)$(214,568)Other comprehensive (loss) income, net of income taxesChange in foreign currency translation adjustment(3,358)3,014Change in net unrealized gains (losses) on interest rate swaps1,146(1,800)Total other comprehensive (loss) income, net of income taxes(2,212)1,214Comprehensive loss, net of income taxes(72,882)(213,354)Components of comprehensive income attributable to noncontrolling interests:Net earnings attributable to noncontrolling interests(1,212)(2,237)Change in foreign currency translation adjustment attributable to noncontrolling interests—(433)Comprehensive income attributable to noncontrolling interests(1,212)(2,670)Comprehensive loss attributable to IAC shareholders$(74,094)$(216,024) The accompanyingNotes to Consolidated Financial Statementsare an integral part of these statements. IAC INC. AND SUBSIDIARIESCONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITYThree months ended March31, 2025(Unaudited) The accompanyingNotes to Consolidated Financial Statementsare an integral part of these statements. IAC INC. AND SUBSIDIARIESCONSOLIDATED STATEMENT OF CASH FLOWS(Unaudited) (Unaudited) NOTE 1—THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Company Overview IAC today primarily comprises leading publisher People Inc. and its strategic equity positions in MGM Resorts International (“MGM”)and Turo Inc. (“Turo”). As used herein, “IAC,” the “Company,” “we,” “our,” “us” and other similar terms refer to IAC Inc. and its subsidiaries (unless the contextrequires otherwise). IAC Corporate Restructuring On April 28, 2026, IAC announced it is changing its name to “People Incorporated” as it continues to sharpen its focus on its People Inc.business and its investment in MGM. Ahead of its name change to “People Incorporated,” which is expected to occur in or