IAC reported a challenging Q4 2025 with a significant revenue decline, primarily driven by weakness in its Search and Print segments. While People Inc. showed some digital growth, this was offset by broader segment declines and a substantial goodwill impairment at Care.com. The company is focusing on long-term strategic priorities and capital allocation, including share repurchases and an investment in MGM.
People Inc. Digital revenue increased 14% to $355 million, marking the highest growth in five quarters.
positivePeople Inc. full-year Digital revenue increased 10% to $1.1 billion.
positiveAdjusted EBITDA increased 29% to $141.6 million in Q4 2025.
positiveIAC returned capital through share repurchases of 1.0 million shares for $37 million since Q3 2025 earnings.
positiveTotal revenue decreased 10% to $646.0 million in Q4 2025 compared to $721.4 million in Q4 2024.
negativeOperating loss was $113.4 million in Q4 2025, a significant deterioration from an operating income of $48.1 million in Q4 2024.
negativeCare.com revenue decreased 9% to $85.7 million, driven by softness in Enterprise.
negativeCare.com reported an operating loss of $191.1 million, including a $207.5 million non-cash goodwill impairment.
negativeSearch segment revenue decreased 68% to $29.0 million due to frequent Google algorithm changes and policy updates.
negativePrint revenue declined 23% due to the benefit of political advertising in Q4 2024 and ongoing portfolio optimization.
negativeFree Cash Flow decreased $132.6 million to $44.8 million for the twelve months ended December 31, 2025, compared to $177.4 million in the prior year.
negativeMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
People Inc. | N/A | — | — | — |
Care.com | N/A | — | — | — |
Search | N/A | — | — | — |
Emerging & Other | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
The fourth quarter capped a year of disciplined execution and solid performance across IAC.
People Inc. drove the fastest digital revenue growth we’ve seen in over a year, even amidst AI-driven disruption.
We’re doing what we set out to do—over the past year we deployed $337 million back into our Company and increased our ownership in MGM, a business that we believe will never be disintermediated.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.