IAC Inc

IAC

Market cap $2.72B

One platform for governance, visibility, and resilience across hybrid clouds One platform for governance, visibility, and resilience across hybrid clouds

IAC Inc. ( IAC ) Q3 2025 Earnings Call November 4, 2025 8:30 AM EST Company Participants Christopher Halpin - Executive VP, CFO & COO Barry Diller - Chairman & Senior Executive Neil Vogel - Chief Executive Officer of People Inc Conference Call Participants Jason Helfstein - Oppenheimer & Co. Inc., Research Division Cory Carpenter - JPMorgan Chase & Co, Research Division James Heaney - Jefferies LLC, Research Division Eric Sheridan - Goldman Sachs Group, Inc., Research Division Ross Sandler - Barclays Bank PLC, Research Division John Blackledge - TD Cowen, Research Division Daniel Kurnos - The Benchmark Company, LLC, Research Division Robert Zeller - Truist Securities, Inc., Research Division Matthew Condon - Citizens JMP Securities, LLC, Research Division Presentation Operator Good morning, and welcome to the IAC Third Quarter 2025 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.

U.S. stock futures were lower this morning, with the Dow futures falling more than 300 points on Tuesday.

IAC (IAC) came out with a quarterly loss of $0.27 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to a loss of $2.93 per share a year ago.

While the top- and bottom-line numbers for IAC (IAC) give a sense of how the business performed in the quarter ended September 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

IAC missed Wall Street expectations for quarterly revenue on Monday, as fewer visitors reached its ad-supported search and content websites amid the rise of AI-generated summaries.

NEW YORK , Nov. 3, 2025 /PRNewswire/ -- IAC (NASDAQ: IAC) posted its third quarter financial results on the investor relations section of its website at https://ir.iac.com/quarterly-results. As announced previously, IAC will host a conference call to discuss the company's third quarter results and to answer questions.

Our investments are grounded in real assets and brands producing growing free cash flow per share. We believe the Fund's FCF today can go to a mid-teens FCF multiple on growing FCF per share. We believe Mattel is in its strongest position in over 10 years.

IAC (IAC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Bio-Rad Laboratories was a positive contributor after the company reported steadier earnings than the market expected. PVH also remains our largest share repurchaser for the year after buying a teens percentage of shares outstanding at great prices. Rayonier was an immediate contributor.