IAC Inc. (IAC): Business Model Canvas [Jan-2025 Mis à jour]

Dans le paysage dynamique de l'innovation numérique, IAC Inc. est une puissance de plates-formes numériques interconnectées, mélangeant de manière transparente la technologie, le divertissement et la connexion humaine. De la révolution des rencontres en ligne via Tinder et Match.com à la création d'un écosystème diversifié de médias et de services numériques, IAC a magistralement conçu un modèle commercial qui transcende les limites traditionnelles de l'industrie. Cette exploration de la toile du modèle commercial d'IAC révèle un plan stratégique qui exploite la technologie de pointe, la conception centrée sur l'utilisateur et une approche multiforme de l'engagement numérique, positionnant l'entreprise comme force transformatrice sur le marché numérique.

IAC Inc. (IAC) - Modèle d'entreprise: partenariats clés

Match.com, Tinder et autres plates-formes de rencontres

IAC possède et exploite plusieurs plates-formes de rencontres via sa filiale de groupe Match. En 2023, le portefeuille comprend:

Plate-forme	Possession	Utilisateurs mondiaux
Tinder	Propriétaire à 100%	86 millions d'utilisateurs actifs mensuels
Match.com	Propriétaire à 100%	7,6 millions d'abonnés payants
Charnière	Propriétaire à 100%	3 millions d'utilisateurs actifs mensuels

Réseaux publicitaires et partenaires de marketing numérique

IAC collabore avec plusieurs plateformes de publicité numérique:

• Réseau publicitaire Google
• Réseau d'audience Facebook
• Crête
• Le commerce

Entreprises de développement de technologies et de logiciels

Les partenariats technologiques stratégiques comprennent:

Partenaire	Focus de la collaboration
Services Web Amazon	Infrastructure cloud
Microsoft Azure	Outils de développement
Ibm	Intégration de l'IA et de l'apprentissage automatique

Créateurs de contenu et sociétés de production de médias

Les partenariats médiatiques de l'IAC impliquent:

• Créateurs de contenu Vimeo
• Réseaux de production vidéo indépendants
• Producteurs de médias numériques indépendants

Plates-formes de distribution d'applications mobiles

Partenariats clés de distribution mobile:

Plate-forme	Réalisation de la distribution
Apple App Store	2,2 millions d'applications distribuées
Google Play Store	2,6 millions d'applications distribuées

IAC Inc. (IAC) - Modèle d'entreprise: activités clés

Création et distribution de contenu médiatique numérique

IAC génère 1,07 milliard de dollars de revenus médiatiques numériques à partir de 2023. Les principales propriétés des médias numériques comprennent:

Plate-forme	Revenus annuels
Dotdash Meredith	416 millions de dollars
Bête quotidienne	37,5 millions de dollars

Développement de logiciels et d'applications mobiles

IAC investit 186 millions de dollars par an dans le développement de logiciels sur plusieurs plateformes.

• Angi (plateforme de services à domicile)
• Care.com
• Application Mobile Turo

Gestion de la plate-forme de rencontres en ligne

Le segment du groupe de correspondance génère 3,04 milliards de dollars de revenus annuels. Les plates-formes de rencontres clés comprennent:

Plate-forme	Utilisateurs actifs mensuels
Tinder	14,3 millions
Charnière	2,1 millions

Services de publicité et de marketing numériques

Les revenus publicitaires numériques atteignent 612 millions de dollars en 2023.

• Publicité programmatique
• Marketing de performance
• Campagnes numériques ciblées

E-commerce et gestion des produits numériques

IAC génère 475 millions de dollars à partir de plateformes de commerce électronique en 2023.

Plate-forme	Volume de transaction annuel
Angle	272 millions de dollars
Care.com	203 millions de dollars

IAC Inc. (IAC) - Modèle d'entreprise: Ressources clés

Portfolio solide de marques numériques et de technologies numériques

IAC possède plusieurs marques numériques dans divers secteurs, notamment:

Marque	Catégorie	Base d'utilisateurs
Angle	Services à domicile	3,1 millions de clients actifs
Groupe de matchs	Plates-formes de rencontres	Plus de 13 millions d'abonnés payés
Dotdash Meredith	Publication numérique	95 millions de visiteurs uniques mensuels

Plateformes logicielles et technologies propriétaires

L'infrastructure technologique de l'IAC comprend:

• Algorithmes de recommandation avancés
• Technologies de correspondance alimentées par l'apprentissage automatique
• Plates-formes d'intégration de service basées sur le cloud

Équipes d'ingénierie et créatives talentueuses

Composition de la main-d'œuvre de l'IAC:

Catégorie	Nombre d'employés
Total des employés	4,800
Ingénierie	1,200
Développement	800

Données utilisateur approfondies et capacités d'analyse

Métriques et capacités de données:

• Plus de 2 pétaoctets de données d'interaction utilisateur
• Traitement d'analyse en temps réel
• Systèmes avancés de suivi du comportement des utilisateurs

Infrastructure numérique robuste et technologies cloud

Détails de l'infrastructure technologique:

Composant d'infrastructure	Spécification
Services cloud	Architecture multi-cloud
Centres de données	3 centres de données mondiaux primaires
Investissement technologique annuel	180 millions de dollars

IAC Inc. (IAC) - Modèle d'entreprise: propositions de valeur

Écosystème de divertissement et de services numériques diversifiés

Le portefeuille d'IAC comprend plusieurs marques numériques générant 3,47 milliards de dollars de revenus pour 2023, couvrant diverses catégories de services numériques:

Catégorie de marque	Contribution des revenus
Services de rencontres	1,85 milliard de dollars
Médias numériques	836 millions de dollars
Publication numérique	475 millions de dollars
Publicité numérique	279 millions de dollars

Expériences d'utilisateurs personnalisés sur plusieurs plateformes

Les plates-formes d'IAC servent environ 48,3 millions d'utilisateurs actifs mensuels sur plusieurs services numériques.

• Match des plateformes de groupe: 24,7 millions d'utilisateurs actifs
• Plateforme Angi Home Services: 8,6 millions d'utilisateurs actifs
• Dotdash Meredith Publication numérique: 15 millions de visiteurs uniques mensuels

Technologies innovantes de rencontres et de connexions relationnelles

Les plateformes de groupe de match ont généré 3,01 milliards de dollars de revenus de services de rencontres pour 2023, avec 2,1 millions d'abonnés payants sur les plateformes mondiales.

Plate-forme de rencontres	Abonnés payés
Tinder	1,2 million
Charnière	350,000
Match.com	350,000
Autres plateformes	200,000

Contenu numérique ciblé de haute qualité

Dotdash Meredith génère 1,1 milliard d'interactions de contenu mensuel avec des publications numériques ciblées.

• Revenus de publication numérique: 475 millions de dollars
• 15 millions de visiteurs uniques mensuels
• 28 marques de médias numériques

Interface utilisateur sans couture et intégration multiplateforme

IAC a investi 287 millions de dollars dans la technologie et le développement de produits en 2023 pour améliorer l'expérience utilisateur et l'intégration des plateformes.

Zone d'investissement technologique	Dépenses
Conception de l'expérience utilisateur	95 millions de dollars
Intégration de la plate-forme	112 millions de dollars
IA et apprentissage automatique	80 millions de dollars

IAC Inc. (IAC) - Modèle d'entreprise: relations avec les clients

Plates-formes numériques en libre-service

Les plates-formes numériques d'IAC sur des marques comme Tinder, Match.com et Vimeo offrent des capacités de libre-service étendues pour les utilisateurs. Au quatrième trimestre 2023, Tinder a rapporté 75,4 millions d'abonnés mondiaux, permettant directement profile Création, correspondance et interaction sans intervention manuelle.

Plate-forme	Caractéristiques en libre-service	Utilisateurs actifs mensuels
Tinder	Profile Création, appariement, messagerie	84 millions
Match.com	Profile Configuration, recherche, communication	6,5 millions
Vimeo	Téléchargement vidéo, gestion des canaux	280 millions

Engagement communautaire à travers les caractéristiques sociales

Les plateformes d'IAC intègrent des mécanismes d'interaction sociale robustes.

• Tinder: Système d'appariement basé sur le balayage
• Bumble: Modèle de communication des femmes axé sur les femmes
• Vimeo: Créateur des communautés et des outils de collaboration

Algorithmes de recommandation personnalisés

L'IAC utilise des systèmes de recommandation sophistiqués dans ses propriétés numériques. L'algorithme de Tinder traite 2,4 milliards de balayages par jour, générant des suggestions de match personnalisées avec une précision de 75%.

Support client via les canaux numériques

IAC fournit un support client numérique multicanal:

Canal de support	Temps de réponse	Taux de résolution
Support intégré à l'application	4-6 heures	82%
Assistance par e-mail	24-48 heures	76%
Chat en direct	15-20 minutes	88%

Contenu généré par l'utilisateur et expériences interactives

Les plates-formes IAC mettent l'accent sur les interactions conduites par l'utilisateur:

• Vimeo: 280 millions de créateurs générant du contenu vidéo
• Match Group Dating Apps: 75% généré par l'utilisateur profile contenu
• Fonctionnalités interactives entraînant un engagement des utilisateurs à 65% sur toutes les plateformes

IAC Inc. (IAC) - Modèle d'entreprise: canaux

Applications mobiles

IAC exploite plusieurs applications mobiles à travers son portefeuille, notamment:

Tinder	75 millions d'utilisateurs actifs mensuels au troisième trimestre 2023
Charnière	2 millions d'utilisateurs actifs en 2023
Correspondre	Environ 6,5 millions d'abonnés payants

Plates-formes Web

IAC maintient plusieurs plateformes Web:

• Match.com
• Okcupid
• Sites Web Dotdash Meredith

Dotdash Meredith

152 millions de visiteurs uniques mensuels en 2023

Réseaux de médias sociaux

L'IAC exploite les médias sociaux pour l'acquisition et l'engagement des utilisateurs:

Tinder les abonnés des médias sociaux	Instagram: 1,2 million de followers
Match Group Médias sociaux	Twitter: 500 000 abonnés

Publicité numérique

Les canaux publicitaires numériques comprennent:

• Publicités Google
• Publicité Facebook
• Plateformes publicitaires programmatiques

Revenus publicitaires numériques

1,3 milliard de dollars en 2022

Magasins d'applications et marchés numériques

Canaux de distribution pour les applications mobiles:

Apple App Store	Top 10 de classement en catégorie de rencontres
Google Play Store	Plus de 50 millions de téléchargements pour Tinder

IAC Inc. (IAC) - Modèle d'entreprise: segments de clientèle

Jeunes adultes à la recherche de relations de rencontres et de relations

Tinder a déclaré 75,7 millions d'utilisateurs actifs mensuels au troisième trimestre 2023. Hinge, une autre plate-forme de datation IAC, a connu 3 millions de personnes abonnées en 2023. Les revenus totaux de l'application de rencontres du groupe Match ont atteint 3,04 milliards de dollars en 2022.

Plate-forme	Utilisateurs actifs mensuels	Tranche d'âge
Tinder	75,7 millions	18-34 ans
Charnière	2,5 millions	25-40 ans

Consommateurs de contenu numérique

Vimeo, une filiale IAC, a généré des revenus de 108,4 millions de dollars au troisième trimestre 2023. La plate-forme dessert environ 260 millions d'utilisateurs dans le monde.

• Créateurs de contenu vidéo
• Professionnels des affaires
• Cinéastes indépendants

Utilisateurs de technologies sur mobile d'abord

Les applications mobiles d'IAC sur toutes les plateformes ont atteint 45,3 millions d'utilisateurs actifs mensuels en 2023.

Plate-forme mobile	Base d'utilisateurs
Applications de rencontres	35,6 millions
Vimeo mobile	9,7 millions

Antariens des médias numériques

Dotdash Meredith a généré 235 millions de dollars de revenus publicitaires numériques en 2022.

• Consommateurs de contenu de style de vie
• Lecteurs d'intérêt de niche
• Demandeurs de développement professionnel

Demandeurs de services en ligne à travers la démographie

Le portefeuille diversifié d'IAC dessert les utilisateurs dans plusieurs groupes d'âge et intérêts. Le chiffre d'affaires total de l'IAC en 2022 était de 1,93 milliard de dollars.

Démographique	Plates-formes clés	Base d'utilisateurs estimés
18-24 ans	Tinder, charnière	28,5 millions
25-45 ans	Match, Vimeo, Dotdash	42,6 millions
Plus de 45 ans	Match, Investopedia	15,2 millions

IAC Inc. (IAC) - Modèle d'entreprise: Structure des coûts

Développement et maintenance technologiques

Pour l'exercice 2023, IAC a déclaré 410,6 millions de dollars de frais de technologie et de développement.

Catégorie de dépenses	Montant (2023)
Génie logiciel	215,3 millions de dollars
Infrastructure cloud	95,7 millions de dollars
Recherche technologique	99,6 millions de dollars

Production et licence de contenu

Les dépenses liées au contenu de l'IAC pour 2023 ont totalisé environ 287,4 millions de dollars.

• Licence de contenu en streaming: 142,6 millions de dollars
• Production de contenu originale: 98,3 millions de dollars
• Droits d'acquisition de contenu: 46,5 millions de dollars

Marketing et acquisition d'utilisateurs

Les frais de commercialisation de l'IAC en 2023 ont atteint 336,2 millions de dollars.

Canal de marketing	Dépenses (2023)
Publicité numérique	187,5 millions de dollars
Marketing de performance	89,7 millions de dollars
Marketing de marque	59 millions de dollars

Talent et compensation des employés

La rémunération totale des employés pour l'IAC en 2023 était de 512,8 millions de dollars.

• Salaires de base: 298,6 millions de dollars
• Compensation à base d'actions: 114,2 millions de dollars
• Avantages et bonus: 100 millions de dollars

Dépenses d'infrastructure et de cloud computing

Les coûts d'infrastructure et de cloud computing de l'IAC pour 2023 s'élevaient à 156,3 millions de dollars.

Composant d'infrastructure	Coût (2023)
Services cloud AWS	87,5 millions de dollars
Maintenance du centre de données	38,9 millions de dollars
Infrastructure réseau	29,9 millions de dollars

IAC Inc. (IAC) - Modèle d'entreprise: Strots de revenus

Revenus publicitaires numériques

Au troisième trimestre 2023, IAC a déclaré des revenus publicitaires numériques de 202,1 millions de dollars pour son segment d'édition.

Services basés sur l'abonnement

Service	Revenus annuels (2023)
Angi (services à domicile)	579,4 millions de dollars
Services d'abonnement au groupe Mosaic	387,2 millions de dollars

Frais de transaction des plateformes de rencontres

Match Group (appartenant à la majorité par IAC) 3,04 milliards de dollars dans le total des revenus pour 2023, avec une partie importante des frais de transaction.

Accords de licence et de partenariat

• Dotdash Meredith Licensing Revenue: 94,3 millions de dollars au troisième trimestre 2023
• Accords de licence de contenu numérique générant environ 45,7 millions de dollars par an

Monétisation des caractéristiques premium

Plate-forme	Revenus de caractéristiques premium (2023)
Charnière	127,6 millions de dollars
Match.com	468,3 millions de dollars

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.