People Inc

Listed Company

IACCIK 0001800227Large AcceleratedServices-Computer Programming, Data Processing, Etc.DelawareFY ends Dec 31

Period

FY 2025

Revenue

$2.39B

Net Income

$-104.03M

Total Assets

$7.13B

Equity

$4.73B

Shares Out

Op. Cash Flow

$64.03M

IAC$42.25+16.30% · past yearDBEQ Basic

Daily closing prices

Business

IAC Inc. is a holding company that builds, operates and invests in a portfolio of internet businesses across digital media, home services, care and search. Its main offerings include digital and print publishing and advertising (Dotdash Meredith); a home‑services marketplace providing ads, leads and services (Angi); caregiver matching, payroll/tax and enterprise care solutions (Care.com); search and desktop services (Ask Media Group); and other emerging digital platforms. The company organizes operations into Dotdash Meredith, Angi, Care.com, Search (Ask Media Group) and Emerging & Other segments. It distributes services primarily online and via mobile apps, supplemented by print magazine subscriptions and international marketplace operations in Europe and Canada.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	2,393	2,622	2,919	5,235	3,700
Cost of revenue (exclusive of depreciation shown separately below)	810	1,002	1,219	1,934	1,296
Selling and marketing expense	728	738	803	1,915	1,362
General and administrative expense	419	499	519	992	797
Product development expense	196	228	238	318	231
Depreciation	38	41	81	131	75
Amortization of intangibles	93	142	288	308	75
Goodwill impairment	207	0	9	113	0
Total operating costs and expenses	2,491	2,651	3,157	5,710	3,837
Operating loss	−97	−29	−238	−475	−137
Interest expense	−120	−136	−137	−110	—
Unrealized gain (loss) on investment in MGM Resorts International	119	−649	722	−724	789
Other income, net	16	99	47	−218	112
(Loss) earnings from continuing operations before income taxes	−82	−715	393	−1,526	730
Income tax (provision) benefit	−35	142	−98	331	−139
Net (loss) earnings from continuing operations	−117	−573	295	−1,195	591
Earnings (loss) from discontinued operations, net of tax	15	40	−37	3	−2
Net (loss) earnings	−101	−533	258	−1,192	589
Net (earnings) loss attributable to noncontrolling interests	−3	−7	8	22	9
Net (loss) earnings attributable to IAC shareholders	−104	−540	266	−1,170	598
Basic (loss) earnings per share (in USD per share)	−1.46	−6.89	3.42	−13.58	6.72
Diluted (loss) earnings per share (in USD per share)	−1.46	−6.89	3.31	−13.58	6.33
Basic (loss) earning per share (in USD per share)	−1.3	−6.49	3.07	−13.55	6.7
Diluted (loss) earning per share (in USD per share)	−1.3	−6.49	2.97	−13.55	6.31
Total stock-based compensation expense	32	78	74	123	79

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	960	1,382	933	1,096	2,119
Accounts receivable, net	449	483	537	608	696
Other current assets	136	125	257	297	242
Current assets of discontinued operations	0	495	—	—	0
Total current assets	1,545	2,485	2,241	2,561	3,076
Buildings, land, equipment, leasehold improvements and capitalized software, net	287	313	455	511	571
Goodwill	1,791	1,993	2,138	3,030	3,227
Intangible assets, net of accumulated amortization	466	554	875	1,170	1,415
Investment in MGM Resorts International	2,402	2,243	2,892	2,170	—
Long-term investments	409	439	411	326	—
Other non-current assets	230	325	473	626	1,037
Non-current assets of discontinued operations	0	1,337	—	—	0
TOTAL ASSETS	7,131	9,689	10,371	10,394	12,303
Current portion of long-term debt	25	35	30	30	30
Accounts payable, trade	38	54	106	133	203
Deferred revenue	50	57	143	157	166
Accrued expenses and other current liabilities	449	509	672	760	983
Current liabilities of discontinued operations	0	232	—	—	0
Total current liabilities	561	886	950	1,080	1,382
Long-term debt, net	1,401	1,435	1,993	2,020	2,046
Deferred income taxes	149	154	165	76	386
Other long-term liabilities	231	373	475	618	721
Non-current liabilities of discontinued operations	0	536	—	—	0
Redeemable noncontrolling interests	25	25	33	27	19
Commitments and contingencies	—	—	—	—	—
Additional paid-in capital	5,960	6,381	6,340	6,295	6,266
Accumulated deficit	−643	−539	923,000	−265	905
Accumulated other comprehensive loss	−12	−11	−11	−13	4
Treasury stock, 12,026 and 4,350 shares at December 31, 2025 and 2024, respectively	−571	−252	−252	−85	0
Total IAC shareholders equity	4,734	5,578	6,078	5,932	7,175
Noncontrolling interests	30	701	677	641	574
Total shareholders equity	4,764	6,279	6,755	6,573	7,749
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	7,131	9,689	10,371	10,394	12,303

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	38	41	81	131	75
Non-cash lease expense (including right-of-use asset impairments)	37	39	91	71	36
Deferred income taxes	28	−157	88	−338	133
Loss related to the allocation of a disputed gain on a real estate transaction	19	0	0	—	—
Net losses (gains) on sales of investments and businesses (including unrealized losses on investments)	18	−10	18	−39	−45
Net (gains) losses on amendments and early terminations of lease agreements	−42	−232,000	361,000	—	—
Increase in the estimated fair value of a warrant	0	−20	−3	62	−104
Other adjustments, net	12	−2	−6	18	45
Accounts receivable	14	−6	12	−67	−155
Other assets	1	75	23	9	4
Operating lease liabilities	−89	−51	−54	−64	−31
Accounts payable and other liabilities	−59	−9	−107	−248	90
Income taxes payable and receivable	−2	3	−3	−7	−3
Deferred revenue	−7	−5	−9	−11	8
Net cash provided by operating activities attributable to continuing operations	64	192	77	−83	119
Capital expenditures	−19	−15	−94	−140	−90
Allocation of Angi Inc. cash in the Distribution	−387	0	0	—	—
Purchase of MGM Resorts International common shares	−40	0	0	−244	—
Net proceeds from the sales of investments and businesses	11	177	11	91	16
Purchases of investments	0	−53,000	−104	−3	−24
Proceeds from the sale of a portion of the retirement investment fund	14	2	0	0	—
Purchase of retirement investment fund	0	−16	0	0	—
Net proceeds from sales of fixed assets	17	13	29	10	1
Proceeds from maturities of marketable debt securities	0	375	538	0	225
Purchases of marketable debt securities	0	−222	−443	−234	0
Net collections of notes receivable	0	12	11	19	—
Other, net	−2	985,000	10	6	−3
Net cash (used in) provided by investing activities attributable to continuing operations	−405	327	−41	−495	−2,908
Principal payments on Term Loans	−1,435	−68	−30	−30	0
Net proceeds from Term Loans refinancing	991	8	0	0	1,600
Proceeds from the issuance of the 2032 Notes	400	0	0	0	0
Debt issuance and deferred financing costs	−13	−15,000	0	—	—
Purchases of treasury stock	−315	0	−166	—	−35
Withholding taxes paid on behalf of employees on net settled stock-based awards	−80	−15	−11	—	—
Other, net	43,000	−2	179,000	4	−19
Net cash used in financing activities attributable to continuing operations	−451	−77	−206	−113	1,116
Total cash (used in) provided by continuing operations	−792	443	−170	−690	−1,673
Net cash (used in) provided by operating activities attributable to discontinued operations	−3	162	112	0	18
Net cash used in investing activities attributable to discontinued operations	−12	−50	−46	0	8
Net cash used in financing activities attributable to discontinued operations	−14	−52	−17	0	294
Total cash (used in) provided by discontinued operations	−30	59	49	0	319
Effect of exchange rate changes on cash and cash equivalents and restricted cash	759,000	−1	1	−6	−2
Net (decrease) increase in cash and cash equivalents and restricted cash	−820	501	−120	−696	−1,355

Filings

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Frequently asked questions

What is People Inc's CIK number?

People Inc's SEC CIK number is 0001800227 (1800227). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find People Inc's SEC filings?

All of People Inc's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did People Inc last report earnings?

People Inc (IAC) most recently filed an earnings 8-K with the SEC on May 4, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-029796). This is People Inc's most recent earnings filing of record — not a forecast of its next earnings date.

What is People Inc's most recent earnings 8-K?

People Inc's latest earnings 8-K (Item 2.02) was filed May 4, 2026 under accession 0001628280-26-029796. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View People Inc's latest earnings 8-K →
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