IAC Inc. (IAC): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el panorama dinámico de la innovación digital, IAC Inc. se erige como una potencia de plataformas digitales interconectadas, combinando la tecnología, el entretenimiento y la conexión humana sin problemas. Desde revolucionar las citas en línea a través de Tinder y Match.com hasta crear un ecosistema diverso de medios y servicios digitales, IAC ha creado magistralmente un modelo de negocio que trasciende las fronteras tradicionales de la industria. Esta exploración del lienzo de modelo de negocio de IAC revela un plan estratégico que aprovecha la tecnología de vanguardia, el diseño centrado en el usuario y un enfoque multifacético para el compromiso digital, posicionando a la empresa como una fuerza transformadora en el mercado digital.

IAC Inc. (IAC) - Modelo de negocio: asociaciones clave

Match.com, Tinder y otras plataformas de citas

IAC posee y opera múltiples plataformas de citas a través de su subsidiaria de grupo de partidos. A partir de 2023, la cartera incluye:

Plataforma	Propiedad	Usuarios globales
Tinder	100% de propiedad	86 millones de usuarios activos mensuales
Match.com	100% de propiedad	7.6 millones de suscriptores que pagan
Bisagra	100% de propiedad	3 millones de usuarios activos mensuales

Redes publicitarias y socios de marketing digital

IAC colabora con múltiples plataformas de publicidad digital:

• Red de Google AD
• Red de audiencia de Facebook
• Citeo
• La mesa de comercio

Empresas de desarrollo de tecnología y software

Las asociaciones de tecnología estratégica incluyen:

Pareja	Enfoque de colaboración
Servicios web de Amazon	Infraestructura en la nube
Microsoft Azure	Herramientas de desarrollo
IBM	IA e integración de aprendizaje automático

Creadores de contenido y compañías de producción de medios

Las asociaciones de medios de IAC implican:

• Creadores de contenido de vimeo
• Redes de producción de video independientes
• Productores de medios digitales independientes

Plataformas de distribución de aplicaciones móviles

Asociaciones clave de distribución móvil:

Plataforma	Alcance de distribución
Apple App Store	2.2 millones de aplicaciones distribuidas
Google Play Store	2.6 millones de aplicaciones distribuidas

IAC Inc. (IAC) - Modelo de negocio: actividades clave

Creación y distribución de contenido de medios digitales

IAC genera $ 1.07 mil millones en ingresos de medios digitales a partir de 2023. Las propiedades clave de los medios digitales incluyen:

Plataforma	Ingresos anuales
Dotdash Meredith	$ 416 millones
Bestia diaria	$ 37.5 millones

Desarrollo de aplicaciones de software y móvil

IAC invierte $ 186 millones anuales en desarrollo de software en múltiples plataformas.

• Angi (plataforma de servicios para el hogar)
• Cuidado.com
• Aplicación móvil de Turo

Gestión de la plataforma de citas en línea

Se genera el segmento de grupo de coincidencias $ 3.04 mil millones en ingresos anuales. Las plataformas de citas clave incluyen:

Plataforma	Usuarios activos mensuales
Tinder	14.3 millones
Bisagra	2.1 millones

Servicios de publicidad y marketing digital

Los ingresos por publicidad digital alcanzan $ 612 millones en 2023.

• Publicidad programática
• Marketing de rendimiento
• Campañas digitales dirigidas

Comercio electrónico y gestión de productos digitales

IAC genera $ 475 millones a partir de plataformas de comercio electrónico en 2023.

Plataforma	Volumen de transacción anual
Angi	$ 272 millones
Cuidado.com	$ 203 millones

IAC Inc. (IAC) - Modelo de negocio: recursos clave

Fuerte cartera de marcas de tecnología y medios digitales

IAC posee múltiples marcas digitales en varios sectores, incluyendo:

Marca	Categoría	Base de usuarios
Angi	Servicios para el hogar	3.1 millones de clientes activos
Grupo de partidos	Plataformas de citas	Más de 13 millones de suscriptores pagados
Dotdash Meredith	Editorial digital	95 millones de visitantes únicos mensuales

Plataformas de software y tecnología patentadas

La infraestructura tecnológica de IAC incluye:

• Algoritmos de recomendación avanzada
• Tecnologías de coincidencia de aprendizaje automático
• Plataformas de integración de servicios basadas en la nube

Equipos creativos y de ingeniería talentosa

Composición de la fuerza laboral de IAC:

Categoría	Número de empleados
Total de empleados	4,800
Ingeniería	1,200
Desarrollo de productos	800

Extensas capacidades de datos de usuario y análisis

Métricas y capacidades de datos:

• Más de 2 petabytes de datos de interacción de usuario
• Procesamiento de análisis en tiempo real
• Sistemas avanzados de seguimiento de comportamiento del usuario

Infraestructura digital robusta y tecnologías en la nube

Detalles de la infraestructura tecnológica:

Componente de infraestructura	Especificación
Servicios en la nube	Arquitectura múltiple
Centros de datos	3 centros de datos globales primarios
Inversión tecnológica anual	$ 180 millones

IAC Inc. (IAC) - Modelo de negocio: propuestas de valor

Diverso ecosistema de entretenimiento y servicios de entretenimiento digital

La cartera de IAC incluye múltiples marcas digitales que generan $ 3.47 mil millones en ingresos para 2023, que abarcan varias categorías de servicios digitales:

Categoría de marca	Contribución de ingresos
Servicios de citas	$ 1.85 mil millones
Medios digitales	$ 836 millones
Editorial digital	$ 475 millones
Publicidad digital	$ 279 millones

Experiencias de usuario personalizadas en múltiples plataformas

Las plataformas de IAC sirven aproximadamente 48.3 millones de usuarios activos mensuales en múltiples servicios digitales.

• Plataformas de grupo de coincidencias: 24.7 millones de usuarios activos
• Plataforma de servicios para el hogar Angi: 8.6 millones de usuarios activos
• Dotdash Meredith Digital Publishing: 15 millones de visitantes únicos mensuales

Tecnologías innovadoras de citas y conexión de relación

Las plataformas de grupos de coincidencia generaron $ 3.01 mil millones en ingresos por servicio de citas para 2023, con 2.1 millones de suscriptores pagados en plataformas globales.

Plataforma de citas	Suscriptores pagados
Tinder	1.2 millones
Bisagra	350,000
Match.com	350,000
Otras plataformas	200,000

Contenido digital dirigido y de alta calidad

Dotdash Meredith genera 1.100 millones de interacciones de contenido mensuales con publicaciones digitales específicas.

• Ingresos de publicación digital: $ 475 millones
• 15 millones de visitantes únicos mensuales
• 28 marcas de medios digitales

Interfaz de usuario sin interrupciones e integración multiplataforma

IAC invirtió $ 287 millones en tecnología y desarrollo de productos durante 2023 para mejorar la experiencia del usuario y la integración de la plataforma.

Área de inversión tecnológica	Gasto
Diseño de experiencia de usuario	$ 95 millones
Integración de plataforma	$ 112 millones
AI y aprendizaje automático	$ 80 millones

IAC Inc. (IAC) - Modelo de negocio: relaciones con los clientes

Plataformas digitales de autoservicio

Las plataformas digitales de IAC en marcas como Tinder, Match.com y Vimeo proporcionan amplias capacidades de autoservicio para los usuarios. A partir del cuarto trimestre de 2023, Tinder reportó 75.4 millones de suscriptores globales, habilitando directamente profile creación, coincidencia e interacción sin intervención manual.

Plataforma	Características de autoservicio	Usuarios activos mensuales
Tinder	Profile creación, coincidencia, mensajería	84 millones
Match.com	Profile Configuración, búsqueda, comunicación	6.5 millones
Vimeo	Carga de video, gestión de canales	280 millones

Compromiso comunitario a través de características sociales

Las plataformas de IAC integran mecanismos robustos de interacción social.

• Tinder: sistema de juego basado en deslizamiento
• Bumble: modelo de comunicación para mujeres
• Vimeo: Comunidades creadoras y herramientas de colaboración

Algoritmos de recomendación personalizados

IAC emplea sistemas de recomendación sofisticados en sus propiedades digitales. El algoritmo de Tinder procesa 2.400 millones de deslizamientos diariamente, generando sugerencias de coincidencias personalizadas con una precisión del 75%.

Atención al cliente a través de canales digitales

IAC proporciona atención al cliente digital multicanal:

Canal de soporte	Tiempo de respuesta	Tasa de resolución
Soporte en la aplicación	4-6 horas	82%
Soporte por correo electrónico	24-48 horas	76%
Chat en vivo	15-20 minutos	88%

Contenido generado por el usuario y experiencias interactivas

Las plataformas IAC enfatizan las interacciones impulsadas por el usuario:

• Vimeo: 280 millones de creadores que generan contenido de video
• Aplicaciones de citas de grupo de coincidencias: 75% generado por el usuario profile contenido
• Características interactivas que impulsan el 65% de participación del usuario en todas las plataformas

IAC Inc. (IAC) - Modelo de negocio: canales

Aplicaciones móviles

IAC opera múltiples aplicaciones móviles en su cartera, incluyendo:

Tinder	75 millones de usuarios activos mensuales a partir del tercer trimestre de 2023
Bisagra	2 millones de usuarios activos en 2023
Fósforo	Aproximadamente 6.5 millones de suscriptores que pagan

Plataformas basadas en la web

IAC mantiene varias plataformas web:

• Match.com
• OKCUPID
• Sitios web de Dotdash Meredith

Dotdash Meredith

152 millones de visitantes únicos mensuales en 2023

Redes de redes sociales

IAC aprovecha las redes sociales para la adquisición y el compromiso de los usuarios:

Seguidores de las redes sociales de Tinder	Instagram: 1.2 millones de seguidores
Maternos de las redes sociales del grupo de coincidencias	Twitter: 500,000 seguidores

Publicidad digital

Los canales de publicidad digital incluyen:

• Ads de Google
• Publicidad de Facebook
• Plataformas de publicidad programática

Ingresos publicitarios digitales

$ 1.3 mil millones en 2022

Tiendas de aplicaciones y mercados digitales

Canales de distribución para aplicaciones móviles:

Apple App Store	Ranking Top 10 en la categoría de citas
Google Play Store	Más de 50 millones de descargas para Tinder

IAC Inc. (IAC) - Modelo de negocio: segmentos de clientes

Adultos jóvenes que buscan conexiones de citas y relaciones

Tinder reportó 75.7 millones de usuarios activos mensuales en el tercer trimestre de 2023. Hinge, otra plataforma de citas de IAC, vio a 3 millones de suscriptores que pagaban en 2023. Los ingresos totales de la aplicación de citas de Match Group alcanzaron los $ 3.04 mil millones en 2022.

Plataforma	Usuarios activos mensuales	Rango de edad
Tinder	75.7 millones	18-34 años
Bisagra	2.5 millones	25-40 años

Consumidores de contenido digital

Vimeo, una subsidiaria de IAC, generó $ 108.4 millones de ingresos en el tercer trimestre de 2023. La plataforma atiende a aproximadamente 260 millones de usuarios en todo el mundo.

• Creadores de contenido de video
• Profesionales de negocios
• Cineastas independientes

Usuarios de tecnología móvil primero

Las aplicaciones móviles de IAC en todas las plataformas alcanzaron 45.3 millones de usuarios activos mensuales en 2023.

Plataforma móvil	Base de usuarios
Aplicaciones de citas	35.6 millones
Vimeo Mobile	9.7 millones

Entusiastas de los medios digitales

Dotdash Meredith generó $ 235 millones en ingresos por publicidad digital en 2022.

• Contenido de estilo de vida consumidores
• Lectores de intereses de nicho
• Buscadores de desarrollo profesional

Buscadores de servicios en línea en toda la demografía

La cartera diversa de IAC sirve a los usuarios en múltiples grupos e intereses de edad. Los ingresos totales para IAC en 2022 fueron de $ 1.93 mil millones.

Demográfico	Plataformas clave	Base de usuarios estimada
18-24 años	Tinder, bisagra	28.5 millones
25-45 años	Match, Vimeo, Dotdash	42.6 millones
45+ años	Partido, Investopedia	15.2 millones

IAC Inc. (IAC) - Modelo de negocio: estructura de costos

Desarrollo y mantenimiento de la tecnología

Para el año fiscal 2023, IAC reportó $ 410.6 millones en gastos de tecnología y desarrollo.

Categoría de gastos	Cantidad (2023)
Ingeniería de software	$ 215.3 millones
Infraestructura en la nube	$ 95.7 millones
Investigación tecnológica	$ 99.6 millones

Producción de contenido y licencias

Los gastos relacionados con el contenido de IAC para 2023 totalizaron aproximadamente $ 287.4 millones.

• Transmisión de licencias de contenido: $ 142.6 millones
• Producción de contenido original: $ 98.3 millones
• Derechos de adquisición de contenido: $ 46.5 millones

Marketing y adquisición de usuarios

Los gastos de marketing para IAC en 2023 alcanzaron $ 336.2 millones.

Canal de marketing	Gasto (2023)
Publicidad digital	$ 187.5 millones
Marketing de rendimiento	$ 89.7 millones
Marketing de marca	$ 59 millones

Talento y compensación de empleados

La compensación total de los empleados por IAC en 2023 fue de $ 512.8 millones.

• Salarios base: $ 298.6 millones
• Compensación basada en acciones: $ 114.2 millones
• Beneficios y bonificaciones: $ 100 millones

Gastos de infraestructura y computación en la nube

La infraestructura de IAC y los costos de computación en la nube para 2023 ascendieron a $ 156.3 millones.

Componente de infraestructura	Costo (2023)
Servicios en la nube de AWS	$ 87.5 millones
Mantenimiento del centro de datos	$ 38.9 millones
Infraestructura de red	$ 29.9 millones

IAC Inc. (IAC) - Modelo de negocio: flujos de ingresos

Ingresos publicitarios digitales

En el tercer trimestre de 2023, IAC reportó ingresos por publicidad digital de $ 202.1 millones para su segmento de publicación.

Servicios basados ​​en suscripción

Servicio	Ingresos anuales (2023)
Angi (servicios para el hogar)	$ 579.4 millones
Servicios de suscripción de Mosaic Group	$ 387.2 millones

Tarifas de transacción de plataformas de citas

Grupo de coincidencias (propiedad mayoritaria por IAC) generado $ 3.04 mil millones en ingresos totales para 2023, con una porción significativa de las tarifas de transacción.

Acuerdos de licencia y asociación

• Dotdash Meredith Ingresos de licencia: $ 94.3 millones en el tercer trimestre 2023
• Acuerdos de licencia de contenido digital que generan aproximadamente $ 45.7 millones anuales

Monetización de características premium

Plataforma	Ingresos de características premium (2023)
Bisagra	$ 127.6 millones
Match.com	$ 468.3 millones

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.