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IAC InterActive Corp. reported a net loss attributable to shareholders of $104.0 million for fiscal year 2025, driven by an operating loss of $97.4 million. Revenue for the year was $2.39 billion, but total operating costs and expenses of $2.49 billion, which included a significant goodwill impairment charge of $207.5 million, resulted in negative operating income. The company generated positive operating cash flow of $64.0 million from continuing operations, though this was offset by substantial cash outflows from investing and financing activities, leading to a net decrease in cash of $820.4 million. Key financial positions include total assets of $7.13 billion, with a notable $2.40 billion investment in MGM Resorts International, and shareholders' equity of $4.76 billion. The company's balance sheet shows $1.40 billion in long-term debt and maintains $960.2 million in cash and equivalents.
IAC InterActive Corp. reported challenging financial results for fiscal year 2025, with a net loss attributable to shareholders of $104.0 million. The company generated $2.39 billion in revenue but incurred total operating costs and expenses of $2.49 billion, resulting in an operating loss of $97.4 million. Key factors contributing to the operating loss included a goodwill impairment charge of $207.5 million, amortization of intangibles of $93.1 million, and depreciation of $37.5 million. The company reported a loss from continuing operations before income taxes of $81.9 million, which was partially offset by an income tax benefit of $34.8 million. Basic and diluted earnings per share were both negative $1.00 for the period.
The company reported total revenue of $2.39 billion for fiscal year 2025. The document does not provide segment breakdowns, geographic mix, or specific growth drivers for revenue. Operating costs included cost of revenue of $809.8 million, selling and marketing expense of $728.2 million, general and administrative expense of $418.5 million, and product development expense of $196.0 million. The company also recorded significant non-cash expenses including goodwill impairment of $207.5 million and amortization of intangibles of $93.1 million.
IAC reported negative operating margins for fiscal year 2025, with operating loss of $97.4 million on revenue of $2.39 billion. The company's cost structure included substantial operating expenses across multiple categories, with the most significant being cost of revenue at $809.8 million and selling and marketing expense at $728.2 million. The goodwill impairment charge of $207.5 million represented a significant non-recurring expense that negatively impacted profitability. Stock-based compensation expense totaled $32.3 million for the period.
The company generated $64.0 million in net cash from operating activities attributable to continuing operations. Investing activities used $404.6 million in cash, primarily due to capital expenditures of $19.2 million and allocation of Angi Inc. cash in the Distribution of $386.6 million. Financing activities used $451.0 million in cash, including principal payments on Term Loans of $1.43 billion and purchases of treasury stock of $315.0 million. The balance sheet shows total assets of $7.13 billion, including cash and equivalents of $960.2 million and investment in MGM Resorts International of $2.40 billion. Total liabilities were $560.9 million in current liabilities and $1.40 billion in long-term debt, with shareholders' equity of $4.76 billion.
The document does not provide specific management guidance, strategic priorities, or forward-looking statements about future performance. No explicit risk factors or outlook commentary is included in the provided financial data sections. The filing presents historical financial results for fiscal year 2025 without projections or expectations for future periods.
EPS
-$1
Revenue
$2.39B
Net Income
-$104.0M
Operating Income
-$97.4M