IAC(US:IAC)2025-11-04 13:30Financial Performance & Valuation - IAC's equity value is $2.5 billion[11] - IAC repurchased $100 million in shares in Q3, and $300 million, representing 8% of equity, year-to-date[9] - People Inc's digital revenue is $1.1 billion and adjusted EBITDA is $332 million[12] - People Inc's net debt is $1.2 billion, with leverage less than 4x[12] - IAC expects FY 2025 Adjusted EBITDA of $234 million to $258 million[52] Digital Segment Performance (People Inc.) - Digital revenue grew by 9% in Q3 2025, reaching $269 million[43] - Digital Adjusted EBITDA excl Certain Items grew by 9% to $72 million in Q3 2025[43] - Digital revenue has shown an 13% compound annual growth rate (CAGR) from 2023 to 2025[17] - Off-Platform Views increased with a 43% CAGR from Q3 2023 to Q3 2025[38] Strategic & Operational Initiatives - The company recognized $15 million of severance expense in Q3 related to a reduction in force (RIF) impacting approximately 6% of employees[41] - The company is delivering $65 million of run rate savings to be invested in new growth initiatives and enhance profitability[41]