IAC Inc. (IAC): Business Model Canvas

In der dynamischen Landschaft der digitalen Innovation steht IAC Inc. als Kraftpaket miteinander verbundener digitaler Plattformen, die Technologie, Unterhaltung und menschliche Verbindung nahtlos miteinander verbinden. Von der Revolutionierung des Online-Dating durch Tinder und Match.com bis hin zur Schaffung eines vielfältigen Ökosystems digitaler Medien und Dienste hat IAC meisterhaft ein Geschäftsmodell entwickelt, das über traditionelle Branchengrenzen hinausgeht. Diese Untersuchung des Business Model Canvas von IAC enthüllt einen strategischen Entwurf, der modernste Technologie, benutzerzentriertes Design und einen vielfältigen Ansatz für digitales Engagement nutzt und das Unternehmen als transformative Kraft auf dem digitalen Markt positioniert.

IAC Inc. (IAC) – Geschäftsmodell: Wichtige Partnerschaften

Match.com, Tinder und andere Dating-Plattformen

IAC besitzt und betreibt über seine Tochtergesellschaft Match Group mehrere Dating-Plattformen. Ab 2023 umfasst das Portfolio:

Plattform	Eigentum	Globale Benutzer
Zunder	100 % Eigentum	86 Millionen monatlich aktive Benutzer
Match.com	100 % Eigentum	7,6 Millionen zahlende Abonnenten
Scharnier	100 % Eigentum	3 Millionen monatlich aktive Benutzer

Werbenetzwerke und digitale Marketingpartner

IAC arbeitet mit mehreren digitalen Werbeplattformen zusammen:

• Google-Werbenetzwerk
• Facebook-Zielgruppennetzwerk
• Criteo
• Der Handelsschalter

Technologie- und Softwareentwicklungsunternehmen

Zu den strategischen Technologiepartnerschaften gehören:

Partner	Fokus auf Zusammenarbeit
Amazon Web Services	Cloud-Infrastruktur
Microsoft Azure	Entwicklungstools
IBM	Integration von KI und maschinellem Lernen

Content-Ersteller und Medienproduktionsunternehmen

Zu den Medienpartnerschaften des IAC gehören:

• Ersteller von Vimeo-Inhalten
• Freiberufliche Videoproduktionsnetzwerke
• Unabhängige Produzenten digitaler Medien

Vertriebsplattformen für mobile Apps

Wichtige Partnerschaften im mobilen Vertrieb:

Plattform	Vertriebsreichweite
Apple App Store	2,2 Millionen Apps verteilt
Google Play Store	2,6 Millionen Apps verteilt

IAC Inc. (IAC) – Geschäftsmodell: Hauptaktivitäten

Erstellung und Verbreitung digitaler Medieninhalte

IAC erwirtschaftet ab 2023 Einnahmen aus digitalen Medien in Höhe von 1,07 Milliarden US-Dollar. Zu den wichtigsten digitalen Medieneigenschaften gehören:

Plattform	Jahresumsatz
Dotdash Meredith	416 Millionen US-Dollar
Tägliches Biest	37,5 Millionen US-Dollar

Entwicklung von Software und mobilen Anwendungen

IAC investiert jährlich 186 Millionen US-Dollar in die Softwareentwicklung für mehrere Plattformen.

• Angi (Home-Services-Plattform)
• Care.com
• Turo-Mobilanwendung

Online-Dating-Plattform-Management

Match-Gruppensegment generiert 3,04 Milliarden US-Dollar Jahresumsatz. Zu den wichtigsten Dating-Plattformen gehören:

Plattform	Monatlich aktive Benutzer
Zunder	14,3 Millionen
Scharnier	2,1 Millionen

Digitale Werbe- und Marketingdienstleistungen

Die Einnahmen aus digitaler Werbung erreichen im Jahr 2023 612 Millionen US-Dollar.

• Programmatische Werbung
• Performance-Marketing
• Gezielte digitale Kampagnen

E-Commerce und digitales Produktmanagement

IAC erwirtschaftet im Jahr 2023 475 Millionen US-Dollar mit E-Commerce-Plattformen.

Plattform	Jährliches Transaktionsvolumen
Angi	272 Millionen Dollar
Care.com	203 Millionen Dollar

IAC Inc. (IAC) – Geschäftsmodell: Schlüsselressourcen

Starkes Portfolio an Marken für digitale Medien und Technologie

IAC besitzt mehrere digitale Marken in verschiedenen Sektoren, darunter:

Marke	Kategorie	Benutzerbasis
Angi	Heimdienstleistungen	3,1 Millionen aktive Kunden
Match-Gruppe	Dating-Plattformen	Über 13 Millionen zahlende Abonnenten
Dotdash Meredith	Digitales Publizieren	95 Millionen einzelne Besucher pro Monat

Proprietäre Software- und Technologieplattformen

Die Technologieinfrastruktur von IAC umfasst:

• Erweiterte Empfehlungsalgorithmen
• Auf maschinellem Lernen basierende Matching-Technologien
• Cloudbasierte Service-Integrationsplattformen

Talentierte Ingenieurs- und Kreativteams

Zusammensetzung der IAC-Belegschaft:

Kategorie	Anzahl der Mitarbeiter
Gesamtzahl der Mitarbeiter	4,800
Ingenieurwesen	1,200
Produktentwicklung	800

Umfangreiche Benutzerdaten- und Analysefunktionen

Datenmetriken und -funktionen:

• Über 2 Petabyte Benutzerinteraktionsdaten
• Analyseverarbeitung in Echtzeit
• Erweiterte Systeme zur Verfolgung des Benutzerverhaltens

Robuste digitale Infrastruktur und Cloud-Technologien

Details zur Technologieinfrastruktur:

Infrastrukturkomponente	Spezifikation
Cloud-Dienste	Multi-Cloud-Architektur
Rechenzentren	3 primäre globale Rechenzentren
Jährliche Technologieinvestition	180 Millionen Dollar

IAC Inc. (IAC) – Geschäftsmodell: Wertversprechen

Vielfältiges digitales Unterhaltungs- und Dienstleistungsökosystem

Das Portfolio von IAC umfasst mehrere digitale Marken, die im Jahr 2023 einen Umsatz von 3,47 Milliarden US-Dollar erwirtschaften und verschiedene digitale Servicekategorien abdecken:

Markenkategorie	Umsatzbeitrag
Dating-Dienste	1,85 Milliarden US-Dollar
Digitale Medien	836 Millionen US-Dollar
Digitales Publizieren	475 Millionen Dollar
Digitale Werbung	279 Millionen Dollar

Personalisierte Benutzererlebnisse auf mehreren Plattformen

Die Plattformen von IAC bedienen monatlich etwa 48,3 Millionen aktive Nutzer mehrerer digitaler Dienste.

• Match Group-Plattformen: 24,7 Millionen aktive Benutzer
• Angi Home Services-Plattform: 8,6 Millionen aktive Benutzer
• Dotdash Meredith Digital Publishing: 15 Millionen einzelne Besucher pro Monat

Innovative Dating- und Beziehungsverbindungstechnologien

Die Plattformen der Match Group erwirtschafteten im Jahr 2023 Einnahmen aus Dating-Diensten in Höhe von 3,01 Milliarden US-Dollar, mit 2,1 Millionen zahlenden Abonnenten auf allen globalen Plattformen.

Dating-Plattform	Bezahlte Abonnenten
Zunder	1,2 Millionen
Scharnier	350,000
Match.com	350,000
Andere Plattformen	200,000

Hochwertige, zielgerichtete digitale Inhalte

Dotdash Meredith generiert monatlich 1,1 Milliarden Content-Interaktionen mit gezielten digitalen Veröffentlichungen.

• Einnahmen aus dem digitalen Verlagswesen: 475 Millionen US-Dollar
• 15 Millionen einzelne Besucher pro Monat
• 28 digitale Medienmarken

Nahtlose Benutzeroberfläche und plattformübergreifende Integration

IAC investierte im Jahr 2023 287 Millionen US-Dollar in Technologie- und Produktentwicklung, um das Benutzererlebnis und die Plattformintegration zu verbessern.

Technologie-Investitionsbereich	Ausgaben
User Experience Design	95 Millionen Dollar
Plattformintegration	112 Millionen Dollar
KI und maschinelles Lernen	80 Millionen Dollar

IAC Inc. (IAC) – Geschäftsmodell: Kundenbeziehungen

Digitale Self-Service-Plattformen

Die digitalen Plattformen von IAC für Marken wie Tinder, Match.com und Vimeo bieten den Benutzern umfangreiche Self-Service-Funktionen. Im vierten Quartal 2023 meldete Tinder 75,4 Millionen Abonnenten weltweit und ermöglichte so den Direktabonnenten profile Erstellung, Zuordnung und Interaktion ohne manuelle Eingriffe.

Plattform	Self-Service-Funktionen	Monatlich aktive Benutzer
Zunder	Profile Erstellung, Matching, Messaging	84 Millionen
Match.com	Profile Einrichtung, Suche, Kommunikation	6,5 Millionen
Vimeo	Video-Upload, Kanalverwaltung	280 Millionen

Community-Engagement durch soziale Funktionen

Die Plattformen von IAC integrieren robuste soziale Interaktionsmechanismen.

• Tinder: Swipe-basiertes Matching-System
• Bumble: Kommunikationsmodell, bei dem Frauen an erster Stelle stehen
• Vimeo: Creator-Communitys und Kollaborationstools

Personalisierte Empfehlungsalgorithmen

IAC setzt in seinen digitalen Angeboten hochentwickelte Empfehlungssysteme ein. Der Algorithmus von Tinder verarbeitet täglich 2,4 Milliarden Wischbewegungen und generiert personalisierte Match-Vorschläge mit einer Genauigkeit von 75 %.

Kundensupport über digitale Kanäle

IAC bietet digitalen Kundensupport über mehrere Kanäle:

Support-Kanal	Reaktionszeit	Auflösungsrate
In-App-Support	4-6 Stunden	82%
E-Mail-Support	24-48 Stunden	76%
Live-Chat	15-20 Minuten	88%

Benutzergenerierte Inhalte und interaktive Erlebnisse

IAC-Plattformen legen Wert auf benutzergesteuerte Interaktionen:

• Vimeo: 280 Millionen YouTuber erstellen Videoinhalte
• Match-Group-Dating-Apps: 75 % benutzergeneriert profile Inhalt
• Interaktive Funktionen sorgen plattformübergreifend für 65 % Benutzerinteraktion

IAC Inc. (IAC) – Geschäftsmodell: Kanäle

Mobile Anwendungen

IAC betreibt in seinem gesamten Portfolio mehrere mobile Anwendungen, darunter:

Zunder	75 Millionen monatlich aktive Nutzer im dritten Quartal 2023
Scharnier	2 Millionen aktive Nutzer im Jahr 2023
Spiel	Ungefähr 6,5 Millionen zahlende Abonnenten

Webbasierte Plattformen

IAC unterhält mehrere Webplattformen:

• Match.com
• OkCupid
• Dotdash Meredith-Websites

Dotdash Meredith

152 Millionen monatliche Einzelbesucher im Jahr 2023

Soziale Netzwerke

IAC nutzt soziale Medien zur Benutzerakquise und -einbindung:

Tinder-Follower in den sozialen Medien	Instagram: 1,2 Millionen Follower
Match-Gruppe Social Media	Twitter: 500.000 Follower

Digitale Werbung

Zu den digitalen Werbekanälen gehören:

• Google-Anzeigen
• Facebook-Werbung
• Programmatische Werbeplattformen

Einnahmen aus digitaler Werbung

1,3 Milliarden US-Dollar im Jahr 2022

App Stores und digitale Marktplätze

Vertriebskanäle für mobile Anwendungen:

Apple App Store	Top 10-Platzierung in der Dating-Kategorie
Google Play Store	Über 50 Millionen Downloads für Tinder

IAC Inc. (IAC) – Geschäftsmodell: Kundensegmente

Junge Erwachsene auf der Suche nach Dating- und Beziehungsverbindungen

Tinder meldete im dritten Quartal 2023 75,7 Millionen monatlich aktive Nutzer. Hinge, eine weitere IAC-Dating-Plattform, verzeichnete im Jahr 2023 3 Millionen zahlende Abonnenten. Der Gesamtumsatz der Match Group mit Dating-Apps erreichte im Jahr 2022 3,04 Milliarden US-Dollar.

Plattform	Monatlich aktive Benutzer	Altersspanne
Zunder	75,7 Millionen	18-34 Jahre
Scharnier	2,5 Millionen	25-40 Jahre

Verbraucher digitaler Inhalte

Vimeo, eine IAC-Tochtergesellschaft, erwirtschaftete im dritten Quartal 2023 einen Umsatz von 108,4 Millionen US-Dollar. Die Plattform bedient rund 260 Millionen Nutzer weltweit.

• Ersteller von Videoinhalten
• Geschäftsleute
• Unabhängige Filmemacher

Benutzer der Mobile-First-Technologie

Die plattformübergreifenden mobilen Apps von IAC erreichten im Jahr 2023 45,3 Millionen monatlich aktive Nutzer.

Mobile Plattform	Benutzerbasis
Dating-Apps	35,6 Millionen
Vimeo Mobile	9,7 Millionen

Enthusiasten digitaler Medien

Dotdash Meredith erwirtschaftete im Jahr 2022 Einnahmen aus digitaler Werbung in Höhe von 235 Millionen US-Dollar.

• Konsumenten von Lifestyle-Inhalten
• Leser mit Nischeninteresse
• Suchende nach beruflicher Weiterentwicklung

Onlinedienstsuchende aus allen Bevölkerungsgruppen

Das vielfältige Portfolio von IAC bedient Benutzer verschiedener Altersgruppen und Interessen. Der Gesamtumsatz von IAC belief sich im Jahr 2022 auf 1,93 Milliarden US-Dollar.

Demographisch	Wichtige Plattformen	Geschätzte Benutzerbasis
18-24 Jahre	Zunder, Scharnier	28,5 Millionen
25-45 Jahre	Match, Vimeo, Dotdash	42,6 Millionen
45+ Jahre	Spiel, Investopedia	15,2 Millionen

IAC Inc. (IAC) – Geschäftsmodell: Kostenstruktur

Technologieentwicklung und Wartung

Für das Geschäftsjahr 2023 meldete IAC 410,6 Millionen US-Dollar an Technologie- und Entwicklungskosten.

Ausgabenkategorie	Betrag (2023)
Software-Engineering	215,3 Millionen US-Dollar
Cloud-Infrastruktur	95,7 Millionen US-Dollar
Technologieforschung	99,6 Millionen US-Dollar

Produktion und Lizenzierung von Inhalten

Die inhaltsbezogenen Ausgaben von IAC beliefen sich im Jahr 2023 auf insgesamt etwa 287,4 Millionen US-Dollar.

• Lizenzierung von Streaming-Inhalten: 142,6 Millionen US-Dollar
• Produktion des Originalinhalts: 98,3 Millionen US-Dollar
• Rechte zum Erwerb von Inhalten: 46,5 Millionen US-Dollar

Marketing und Benutzerakquise

Die Marketingausgaben für IAC beliefen sich im Jahr 2023 auf 336,2 Millionen US-Dollar.

Marketingkanal	Ausgaben (2023)
Digitale Werbung	187,5 Millionen US-Dollar
Performance-Marketing	89,7 Millionen US-Dollar
Markenmarketing	59 Millionen Dollar

Talent- und Mitarbeitervergütung

Die gesamte Mitarbeitervergütung für IAC belief sich im Jahr 2023 auf 512,8 Millionen US-Dollar.

• Grundgehälter: 298,6 Millionen US-Dollar
• Aktienbasierte Vergütung: 114,2 Millionen US-Dollar
• Vorteile und Boni: 100 Millionen US-Dollar

Ausgaben für Infrastruktur und Cloud Computing

Die Infrastruktur- und Cloud-Computing-Kosten von IAC beliefen sich im Jahr 2023 auf 156,3 Millionen US-Dollar.

Infrastrukturkomponente	Kosten (2023)
AWS Cloud-Dienste	87,5 Millionen US-Dollar
Wartung des Rechenzentrums	38,9 Millionen US-Dollar
Netzwerkinfrastruktur	29,9 Millionen US-Dollar

IAC Inc. (IAC) – Geschäftsmodell: Einnahmequellen

Einnahmen aus digitaler Werbung

Im dritten Quartal 2023 meldete IAC für sein Verlagssegment digitale Werbeeinnahmen von 202,1 Millionen US-Dollar.

Abonnementbasierte Dienste

Service	Jahresumsatz (2023)
Angi (Hausdienstleistungen)	579,4 Millionen US-Dollar
Abonnementdienste der Mosaikgruppe	387,2 Millionen US-Dollar

Transaktionsgebühren von Dating-Plattformen

Match Group (mehrheitlich im Besitz von IAC) generiert 3,04 Milliarden US-Dollar im Gesamtumsatz für 2023, mit einem erheblichen Anteil aus Transaktionsgebühren.

Lizenz- und Partnerschaftsvereinbarungen

• Lizenzeinnahmen von Dotdash Meredith: 94,3 Millionen US-Dollar im dritten Quartal 2023
• Lizenzvereinbarungen für digitale Inhalte erwirtschaften jährlich etwa 45,7 Millionen US-Dollar

Monetarisierung von Premiumfunktionen

Plattform	Umsatz mit Premium-Features (2023)
Scharnier	127,6 Millionen US-Dollar
Match.com	468,3 Millionen US-Dollar

IAC Inc. (IAC) - Canvas Business Model: Value Propositions

Trusted, human-expert content for entertainment and information (People Inc.)

People Inc. is the largest digital and print publisher in America. More than 175 million people trust People Inc. each month to help them find inspiration, make decisions, and take action. People Inc.'s more than 40 iconic brands include PEOPLE, Food & Wine, Better Homes & Gardens, Verywell Health, Allrecipes, REAL SIMPLE, Investopedia, and Southern Living. The portion of People Inc. sessions coming from Google Search declined from 52% to 28% between Q2 2023 and Q2 2025. Off-platform views grew significantly, reaching 14,699 million in Q2 2025, representing a 24% Compound Annual Growth Rate (CAGR) from Q2 2023.

People Inc. delivered 9% Digital revenue growth in Q3 2025. Digital Adjusted EBITDA for Q3 2025 was $72 million (excluding severance-related costs), representing margins of 27%. Full-year Digital revenue guidance for People Inc. remains at 7% to 10%.

Efficient connection of families to caregivers (Care.com)

Care.com is the largest online platform for finding and managing family care. For the twelve months ended June 30, 2025, Care.com generated approximately $360 million in revenue. In Q2 2025, Consumer revenue was $43.4 million and Enterprise revenue was $38.6 million. IAC maintained its full-year guidance for Care.com Adjusted EBITDA at $45 million to $55 million, with a projected Q3 2025 Adjusted EBITDA of $11-13 million. Research indicates that 83% of those who pay for family care say the challenge of balancing care responsibilities with work responsibilities exacerbates risk of burnout. Nearly 1 in 5 employees (19%) have left their job because they weren't offered family care benefits.

High-intent, scaled audience for premium and performance advertisers

IAC's total Q3 2025 revenue was $589.8 million. People Inc.'s Digital revenue in Q3 2025 was $269 million, driven by Performance marketing and Licensing growth. In Q2 2025, People Inc.'s Digital revenue was $260.4 million, up 9% year-over-year. The monetization mix for People Inc. Digital revenue in Q2 2025 was:

Revenue Category	Q2 2025 Revenue (Millions USD)	Year-over-Year Growth
Advertising revenue	$161.2	5%
Performance marketing revenue	$61.1	14%
Licensing and other	(Data not explicitly segmented for Q2 2025 in this format)	23%

People Inc. Q2 2025 Performance marketing revenue was $61.1 million, showing 14% growth, and Advertising revenue was $161.2 million, up 5%.

Monetization of intellectual property through AI licensing agreements

People Inc. is accelerating its content partner strategy across major AI platforms. People Inc. announced a strategic content partnership with Meta in December 2025, making it the first lifestyle publisher to make real-time content available to Meta AI users. This follows commercial agreements with OpenAI and Microsoft. Content licensing royalties are earned from relationships including utilization in large-language models and other artificial intelligence-related activities. People Inc. Q2 2025 Licensing revenue grew 23% year-over-year, representing 15% of its digital revenue for that quarter. The company completed a $1.4 billion refinancing at People Inc. in Q2 2025.

Finance: review the Q4 2025 cash flow forecast against the $325 million to $340 million consolidated Adjusted EBITDA guidance by next Tuesday.

IAC Inc. (IAC) - Canvas Business Model: Customer Relationships

Direct-to-consumer focus is central to People Inc., which reported its eighth consecutive quarter of Digital revenue growth in Q3 2025. People Inc.'s Q3 2025 Digital revenue reached $269 million, while its Print revenue declined 15% to $169 million in the same period. The company is actively diversifying traffic through investments in owned-and-operated, off-platform, and syndicated audiences.

For advertisers, the relationship is segmented between direct advertising and performance marketing channels. In Q2 2025, People Inc.'s Advertising revenue was $161.2 million, and Performance marketing revenue was $61.1 million. The data targeting product, D/Cipher, is addressable to approximately half of People Inc.'s digital advertising revenue, which was $640 million in a recent period. Campaigns utilizing D/Cipher are showing 25% growth, compared to 5% growth for non-D/Cipher campaigns. Licensing and other revenue saw a 23% increase in Q2 2025, partly due to a full quarter of OpenAI revenue from a partnership that began in May 2024.

The product-led approach at Care.com is undergoing a revitalization, marked by a product and brand relaunch in June 2025. Care.com's Q3 2025 revenue was $90.8 million, with Adjusted EBITDA of $7.8 million. The enterprise segment faces revenue pressure due to corporate belt tightening. Research from a January 2025 Care.com report indicated that the average parent surveyed spends 22% of household income on child care, rising to 40% when including senior care, adult care, and housekeeping.

Community and brand loyalty are key for iconic media properties, as evidenced by People Inc.'s strategy following its rebrand from Dotdash Meredith. The company secured a deal with Microsoft to be a launch partner for its Publisher Content Marketplace (PCM), a system designed to compensate publishers for content use by AI players.

Metric Category	Segment/Property	Q3 2025 Value	Year-over-Year Change
Digital Revenue	People Inc.	$269 million	9% growth
Print Revenue	People Inc.	$169 million	15% decline
Advertising Revenue	People Inc. (Q2 2025)	$161.2 million	5% growth
Revenue	Care.com	$90.8 million	5% decline
Adjusted EBITDA	Care.com	$7.8 million	57% decline
Non-Google Search Sessions Growth	People Inc. (CAGR)	29%	CAGR since proactive efforts

• People Inc. has had eight consecutive quarters of Digital revenue growth as of Q3 2025.
• The company repurchased 2.8 million common shares for an aggregate of $100 million between August 6, 2025, and October 31, 2025.
• Year-to-date through October 31, 2025, IAC repurchased 7.3 million common shares for an aggregate of $300 million.
• As of September 30, 2025, IAC held $725 million in cash and cash equivalents, with People Inc. holding $280 million.

IAC Inc. (IAC) - Canvas Business Model: Channels

You're looking at how IAC Inc. (IAC), primarily through its People Inc. segment, pushes its content and services to the end-user as of late 2025. The channel strategy is clearly pivoting toward digital and AI syndication, even as legacy print assets persist.

The core owned-and-operated digital properties, which include brands like PEOPLE, Allrecipes, and Investopedia, are the foundation. People Inc. reported that its Digital revenue reached $260 million in Q2 2025 and $269 million in Q3 2025. This segment has seen growth for eight consecutive quarters.

The distribution mix is shifting dramatically away from traditional search dependency. As of Q2 2025, sessions coming from Google Search had declined to 28% of the total, down from 52% previously, while non-Google Search sessions grew at a 29% CAGR.

Off-platform distribution is a major growth driver. In Q3 2025, off-platform revenue accounted for over one third of the total revenue for People Inc.. This channel accelerated off-platform audience growth by 66% year-over-year in Q3 2025, with the off-platform revenue segment itself growing by 16% in that quarter.

The print publications for legacy media brands still contribute, though their role is diminishing. In Q2 2025, Print revenue was $174 million, representing a 9% decrease year-over-year. By Q3 2025, the print revenue decline worsened to 15% compared to the prior year. People Inc. claims to reach more than 175 million people monthly across its portfolio of over 40 brands.

New AI platforms represent a critical, emerging channel for content syndication and monetization. People Inc. became the first lifestyle publisher to integrate real-time content directly into Meta AI via a multi-year partnership. This follows earlier commercial agreements with OpenAI and Microsoft. The Microsoft agreement involves a pay-per-use market where AI players compensate publishers for content use.

Here's a quick look at the People Inc. revenue and channel performance metrics from the most recent reported quarters:

Metric	Q2 2025 Amount	Q3 2025 Amount	Year-over-Year Growth (Q3 2025)
Digital Revenue	$260 million	$269 million	9% (Digital Revenue)
Print Revenue	$174 million	Declined 15%	Declined 15%
Off-Platform Revenue Growth	N/A	16%	66% (Off-platform audience growth)
Google Search Session Share	28% (as of Q2 2025)	N/A	Declined from 52%

The company's strategy involves leveraging its scale across these channels. For example, the Meta AI deal includes brands like PEOPLE, Allrecipes, InStyle, Food & Wine, Better Homes & Gardens, Southern Living, and Verywell Health.

You should note that Vimeo, a former major channel, was acquired by Bending Spoons in November 2025 for $1.38 billion, meaning it is no longer part of the IAC channel ecosystem.

Finance: draft 13-week cash view by Friday.

IAC Inc. (IAC) - Canvas Business Model: Customer Segments

You're looking at the customer base for IAC Inc. (IAC) as of late 2025, which is a portfolio of distinct businesses facing unique market dynamics. Here's the breakdown of who they serve, grounded in the latest reported figures.

The largest group of customers comes from the digital and print advertising world, primarily through the People Inc. segment (the rebranded Dotdash Meredith portfolio). This segment is the largest digital and print publisher in the United States, reaching over 50% of the U.S. population monthly. They serve advertisers looking for both brand exposure and direct results. For instance, in Q3 2025, People Inc. saw its digital revenue grow by 9%, with Digital Adjusted EBITDA hitting $72 million in that quarter. This audience is also being monetized via new channels, such as the AI licensing deal signed with Microsoft for its Copilot assistant.

Mass-market consumers represent another core segment, though this group is increasingly fragmented by technology shifts. These users seek lifestyle, finance, and health information across IAC's content properties. However, this segment is heavily impacted by changes in search behavior; for example, traffic from Google search dropped significantly, moving from 54% to just 24% of total traffic in Q3 2025, which directly contributed to the Search unit's revenue declining by 41% in the same period. Overall, IAC's total revenue for Q3 2025 was reported at $589.8 million.

The families and professional caregivers segment is served by Care.com. This platform connects users with providers for childcare, senior care, and home needs. In Q3 2025, the Care.com segment revenue fell by 5%, attributed to lower subscription volumes on the platform. To give you a sense of scale from the prior quarter, Care.com's Q2 2025 revenue totaled $82 million. A key part of this segment is the enterprise side, Care for Business, which supports over 630 employers, including many Fortune 100 companies, looking to offer family care benefits to their workforce.

Finally, the financial community, comprising institutional investors and potential M&A targets, is a critical segment for capital allocation and portfolio management. Management has been actively managing shareholder capital; year-to-date through Q3 2025, IAC had repurchased $300 million in shares. At the time of the Q3 report, IAC's market capitalization stood at $2.58 billion. A significant portion of IAC's asset base is its investment in MGM Resorts International, where IAC owned 64.7 million shares, representing a 24% stake, valued at $2.3 billion as of August 1, 2025.

Here's a quick look at the revenue contribution from the main operating segments based on Q2 2025 data, which helps frame the customer base size:

Segment	Q2 2025 Revenue (in millions USD)	Key Customer Activity Metric
People Inc. (Digital)	$260.4	9% Digital Revenue Growth (Q2 2025)
People Inc. (Print)	$173.5	Print Revenue decreased 9% (Q2 2025)
Care.com (Total)	$82.0	Revenue declined 5% (Q3 2025)
Search (Total)	$61.7	Revenue declined 41% (Q3 2025)

The customer base for the content properties is broad, but the revenue mix is shifting, as you can see from the performance metrics:

• Premium Brand Advertisers: Served by People Inc. brands; Digital revenue grew 9% in Q3 2025.
• Performance Marketing Buyers: Also served by People Inc.; Performance marketing revenue grew 14% in Q2 2025.
• Care Seekers (Families/Individuals): Core users of Care.com; Subscriptions are a key revenue driver, which saw a Q3 2025 decline.
• Enterprise Clients (Employers): Customers of Care for Business; Over 630 employers utilize their benefits solutions.
• Capital Markets: Focused on share value; IAC completed a buyback of nearly 2.8 million shares recently.

Finance: draft 13-week cash view by Friday.

IAC Inc. (IAC) - Canvas Business Model: Cost Structure

You're looking at the hard numbers that drain cash for IAC Inc. as of late 2025. The cost structure is heavily influenced by restructuring efforts and significant one-time legal expenses, alongside the ongoing operational burn for content and technology.

The company is actively working to become leaner. Management has signaled an expected $60 million in annual savings resulting from a recent workforce reduction, which is part of a broader strategy to slim down the corporate overhead. This cost-cutting is a direct response to market pressures, including headwinds in Google search traffic.

Content creation and editorial staff compensation is a major component, primarily within People Inc. While specific compensation figures aren't itemized, the focus is on monetizing this content, evidenced by the agreement with Microsoft for its Publisher Content Marketplace, which is essentially a pay-per-use model for AI players to compensate publishers for content use.

Technology and product development investment is channeled into digital pivots, such as the acquisition of Feedfeed by People Inc. to expand its social food audience and advertising capabilities. The company is also focused on diversifying revenue sources away from reliance on traditional search traffic.

Marketing and customer acquisition costs are particularly relevant for Care.com. In Q3 2025, Care.com revenue was $90.8 million, with Consumer revenue at $44.5 million, down 4%. This segment's profitability was impacted by nonrecurring charges.

The cost structure in Q3 2025 was significantly hit by non-recurring items related to restructuring and legal matters. Here is a breakdown of those specific charges:

Cost Category	Segment/Detail	Q3 2025 Amount (in millions USD)
Legal and Litigation Charge	Legal fees and settlement expenses for concluded legacy business litigation	$21 million
Total Legal Expenses (YTD)	Total legal expenses related to the matter through September 30, 2025	$34 million
Severance Expense	People Inc. reduction in force	$15 million
Care.com Nonrecurring Charges	Lease impairment and severance-related costs	$3.5 million
Care.com Specific Charge	Lease impairment	$3 million
Care.com Specific Charge	Severance-related costs	$1 million

These one-time items heavily impacted reported profitability. For instance, Q3 2025 Adjusted EBITDA was reported at $29.1 million, but excluding these items, it would have been $64 million or $72 million pro forma. Furthermore, corporate costs, which are part of the overhead structure, declined by 15% pro forma.

The overall financial impact of these cost actions can be seen in the context of the period's performance:

• Q3 2025 Total Revenue was $589.8 million.
• Q3 2025 GAAP operating loss was $20.4 million.
• People Inc. Digital Revenue was $269.0 million, up 9%.
• People Inc. Digital operating income rose 22% to $37.5 million.
• IAC repurchased 2.8 million common shares in Q3 for an aggregate of $100.0 million.

Finance: draft 13-week cash view by Friday.

IAC Inc. (IAC) - Canvas Business Model: Revenue Streams

You're looking at how IAC Inc. (IAC) is pulling in cash as of late 2025, which is heavily weighted toward its People Inc. segment, formerly Dotdash Meredith. The digital side is the clear engine here, showing consistent momentum even as other areas face headwinds. People Inc. Digital revenue increased 9% year-over-year in Q3 2025, hitting $269 million. This digital strength is coming from a few key places, not just traditional ads. Performance marketing revenue within that segment grew 38% in Q3 2025, and licensing revenue saw a 24% jump.

The content licensing stream is becoming a more defined part of the revenue mix, especially with the rise of generative AI. People Inc. has signed a deal with Microsoft to be a premier publisher in its Publisher Content Marketplace (PCM), which compensates publishers for content use by AI players like the Microsoft Copilot assistant. They also have a content deal with OpenAI. This focus on monetizing intellectual property is a direct response to traffic shifts away from organic search.

On the other side of the People Inc. coin, the legacy print business continues to shrink, which you'd expect. Print advertising and circulation revenue declined 9% in Q2 2025, coming in at $173.5 million. Looking ahead to Q4 2025, the guidance suggests an even steeper drop for Print, projected between 20% and 25%.

For Care.com, the subscription and transaction fees stream is showing softness. In Q2 2025, Care.com revenue dropped 6% to $82 million, and the Q3 2025 outlook projected revenue declines between 4% and 7%. Still, management is maintaining the full-year 2025 Adjusted EBITDA guidance for Care.com in the range of $45 million to $55 million.

Overall, the consolidated picture for IAC Inc. shows a recalibration of expectations. The full-year 2025 Adjusted EBITDA guidance has been tightened down to a range between $234 million and $258 million. This is a reduction from the prior forecast, which had been set between $247 million and $285 million.

Here's a quick look at the segment-level performance that feeds into those revenue streams, using the latest reported or guided figures for context:

Revenue Stream / Segment Driver	Q3 2025 Revenue (Millions USD)	Q3 2025 Adjusted EBITDA (Millions USD)	Year-over-Year Digital Revenue Growth
People Inc. Digital Revenue	$269.0	$72.0 (Guidance)	9%
People Inc. Print Revenue	$173.5 (Q2 2025)	$16.7 (Q2 2025)	-9% (Q2 2025 Decline)
Care.com Revenue	(Projected decline of 4%-7% in Q3)	$6.0 to $10.0 (Q3 Guidance)	N/A
Search Segment Revenue	$35 to $45 (Q4 Outlook)	$3.0 to $4.0 (Q3 Guidance)	N/A

The growth in licensing revenue at 24% in Q3 2025 is a key indicator of success in monetizing content outside of traditional ad impressions. Also, remember that People Inc. Digital Adjusted EBITDA grew 9% in Q3 2025, hitting $72 million at a 27% margin. That's the kind of operational leverage you want to see in a digital business.