IAC Inc. (IAC): Modelo de Negócios Canvas [Jan-2025 Atualizado]

No cenário dinâmico da inovação digital, a IAC Inc. se destaca como uma potência de plataformas digitais interconectadas, com tecnologia, entretenimento e conexão humana, combinando perfeitamente. Desde revolucionar a datação on -line através do Tinder e Match.com até a criação de um ecossistema diversificado de mídia e serviços digitais, a IAC criou com maestria um modelo de negócios que transcende os limites tradicionais da indústria. Essa exploração do modelo de negócios da IAC Canvas revela um plano estratégico que aproveita a tecnologia de ponta, o design centrado no usuário e uma abordagem multifacetada para o envolvimento digital, posicionando a empresa como uma força transformadora no mercado digital.

IAC Inc. (IAC) - Modelo de Negócios: Principais Parcerias

Match.com, Tinder e outras plataformas de namoro

A IAC possui e opera várias plataformas de namoro por meio de sua subsidiária do Grupo de Match. A partir de 2023, o portfólio inclui:

Plataforma	Propriedade	Usuários globais
Inflamável	100% de propriedade	86 milhões de usuários ativos mensais
Match.com	100% de propriedade	7,6 milhões de assinantes pagantes
Dobradiça	100% de propriedade	3 milhões de usuários ativos mensais

Redes de publicidade e parceiros de marketing digital

O IAC colabora com várias plataformas de publicidade digital:

• Rede de anúncios do Google
• Rede de público do Facebook
• Criteo
• A mesa de comércio

Empresas de tecnologia e desenvolvimento de software

As parcerias de tecnologia estratégica incluem:

Parceiro	Foco de colaboração
Amazon Web Services	Infraestrutura em nuvem
Microsoft Azure	Ferramentas de desenvolvimento
IBM	AI e integração de aprendizado de máquina

Criadores de conteúdo e empresas de produção de mídia

As parcerias da mídia da IAC envolvem:

• Criadores de conteúdo do Vimeo
• Redes de produção de vídeo freelancer
• Produtores de mídia digital independentes

Plataformas de distribuição de aplicativos móveis

Principais parcerias de distribuição móvel:

Plataforma	Alcance de distribuição
Apple App Store	2,2 milhões de aplicativos distribuídos
Google Play Store	2,6 milhões de aplicativos distribuídos

IAC Inc. (IAC) - Modelo de Negócios: Atividades -chave

Criação e distribuição de conteúdo de mídia digital

O IAC gera US $ 1,07 bilhão em receita de mídia digital a partir de 2023. As principais propriedades da mídia digital incluem:

Plataforma	Receita anual
Dotdash Meredith	US $ 416 milhões
Besta diária	US $ 37,5 milhões

Desenvolvimento de software e aplicativos móveis

A IAC investe US $ 186 milhões anualmente em desenvolvimento de software em várias plataformas.

• Angi (plataforma de serviços domésticos)
• Care.com
• Aplicativo móvel da Turo

Gerenciamento de plataforma de namoro online

O segmento de grupo de partidas gera US $ 3,04 bilhões em receita anual. As principais plataformas de namoro incluem:

Plataforma	Usuários ativos mensais
Inflamável	14,3 milhões
Dobradiça	2,1 milhões

Serviços de publicidade e marketing digitais

A receita de publicidade digital atinge US $ 612 milhões em 2023.

• Publicidade programática
• Marketing de desempenho
• Campanhas digitais direcionadas

Comércio eletrônico e gerenciamento de produtos digitais

A IAC gera US $ 475 milhões em plataformas de comércio eletrônico em 2023.

Plataforma	Volume anual de transações
Angi	US $ 272 milhões
Care.com	US $ 203 milhões

IAC Inc. (IAC) - Modelo de Negócios: Recursos Principais

Portfólio forte de marcas de mídia digital e tecnologia

A IAC possui várias marcas digitais em vários setores, incluindo:

Marca	Categoria	Base de usuários
Angi	Serviços domésticos	3,1 milhões de clientes ativos
Grupo de Match	Plataformas de namoro	Mais de 13 milhões de assinantes pagos
Dotdash Meredith	Publicação digital	95 milhões de visitantes únicos mensais

Plataformas proprietárias de software e tecnologia

A infraestrutura tecnológica da IAC inclui:

• Algoritmos de recomendação avançada
• Tecnologias de correspondência movidas por aprendizado de máquina
• Plataformas de integração de serviços baseadas em nuvem

Equipes de engenharia e criativos talentosos

Composição da força de trabalho da IAC:

Categoria	Número de funcionários
Total de funcionários	4,800
Engenharia	1,200
Desenvolvimento de produtos	800

Recursos extensivos de dados e análises de usuário

Métricas e recursos de dados:

• Mais de 2 petabytes de dados de interação do usuário
• Processamento de análise em tempo real
• Sistemas avançados de rastreamento de comportamento do usuário

Infraestrutura digital robusta e tecnologias em nuvem

Detalhes da infraestrutura de tecnologia:

Componente de infraestrutura	Especificação
Serviços em nuvem	Arquitetura de várias nuvens
Data centers	3 centers de dados globais primários
Investimento de tecnologia anual	US $ 180 milhões

IAC Inc. (IAC) - Modelo de Negócios: Proposições de Valor

Diverso Entertainment and Services EcoSystem

O portfólio da IAC inclui várias marcas digitais gerando US $ 3,47 bilhões em receita para 2023, abrangendo várias categorias de serviços digitais:

Categoria de marca	Contribuição da receita
Serviços de namoro	US $ 1,85 bilhão
Mídia digital	US $ 836 milhões
Publicação digital	US $ 475 milhões
Publicidade digital	US $ 279 milhões

Experiências personalizadas de usuário em várias plataformas

As plataformas da IAC atendem aproximadamente 48,3 milhões de usuários ativos mensais em vários serviços digitais.

• Match Group Platforms: 24,7 milhões de usuários ativos
• Plataforma de serviços domésticos da ANGI: 8,6 milhões de usuários ativos
• Dotdash Meredith Digital Publishing: 15 milhões de visitantes únicos mensais

Tecnologias inovadoras de namoro e conexão de relacionamento

As plataformas de grupo de match geraram US $ 3,01 bilhões em receita de serviço de namoro em 2023, com 2,1 milhões de assinantes pagos em plataformas globais.

Plataforma de namoro	Assinantes pagos
Inflamável	1,2 milhão
Dobradiça	350,000
Match.com	350,000
Outras plataformas	200,000

Conteúdo digital direcionado de alta qualidade

O Dotdash Meredith gera 1,1 bilhão de interações mensais de conteúdo com publicações digitais direcionadas.

• Receita de publicação digital: US $ 475 milhões
• 15 milhões de visitantes únicos mensais
• 28 marcas de mídia digital

Interface de usuário sem costura e integração de plataforma cruzada

A IAC investiu US $ 287 milhões em tecnologia e desenvolvimento de produtos durante 2023 para aprimorar a experiência do usuário e a integração da plataforma.

Área de investimento em tecnologia	Gastos
Design da experiência do usuário	US $ 95 milhões
Integração da plataforma	US $ 112 milhões
AI e aprendizado de máquina	US $ 80 milhões

IAC Inc. (IAC) - Modelo de Negócios: Relacionamentos do Cliente

Plataformas digitais de autoatendimento

As plataformas digitais da IAC em marcas como Tinder, Match.com e Vimeo oferecem extensos recursos de autoatendimento para os usuários. A partir do quarto trimestre 2023, Tinder relatou 75,4 milhões de assinantes globais, permitindo direto profile Criação, correspondência e interação sem intervenção manual.

Plataforma	Recursos de autoatendimento	Usuários ativos mensais
Inflamável	Profile Criação, combinação, mensagens	84 milhões
Match.com	Profile Configuração, pesquisa, comunicação	6,5 milhões
Vimeo	Upload de vídeo, gerenciamento de canais	280 milhões

Engajamento da comunidade através de recursos sociais

As plataformas da IAC integrem mecanismos robustos de interação social.

• Tinder: sistema de correspondência baseado em furto
• Bumble: Modelo de Comunicação Primeira Mulher
• Vimeo: comunidades de criadores e ferramentas de colaboração

Algoritmos de recomendação personalizados

A IAC emprega sistemas de recomendação sofisticados em suas propriedades digitais. O algoritmo do Tinder processa 2,4 bilhões de furtos diariamente, gerando sugestões de correspondência personalizadas com precisão de 75%.

Suporte ao cliente via canais digitais

O IAC fornece suporte ao cliente digital multicanal:

Canal de suporte	Tempo de resposta	Taxa de resolução
Suporte no aplicativo	4-6 horas	82%
Suporte por e -mail	24-48 horas	76%
Bate -papo ao vivo	15-20 minutos	88%

Conteúdo gerado pelo usuário e experiências interativas

As plataformas IAC enfatizam as interações orientadas pelo usuário:

• Vimeo: 280 milhões de criadores gerando conteúdo de vídeo
• Match Group Dating Apps: 75% gerado pelo usuário profile contente
• Recursos interativos que impulsionam 65% de envolvimento do usuário em plataformas

IAC Inc. (IAC) - Modelo de Negócios: Canais

Aplicativos móveis

A IAC opera vários aplicativos móveis em seu portfólio, incluindo:

Inflamável	75 milhões de usuários ativos mensais a partir do terceiro trimestre de 2023
Dobradiça	2 milhões de usuários ativos em 2023
Corresponder	Aproximadamente 6,5 milhões de assinantes pagantes

Plataformas baseadas na Web

O IAC mantém várias plataformas da Web:

• Match.com
• Okcupid
• Sites do Dotdash Meredith

Dotdash Meredith

152 milhões de visitantes únicos mensais em 2023

Redes de mídia social

O IAC aproveita as mídias sociais para aquisição e engajamento de usuários:

Seguidores de mídia social do Tinder	Instagram: 1,2 milhão de seguidores
Mídia social do grupo de partidas	Twitter: 500.000 seguidores

Publicidade digital

Os canais de publicidade digital incluem:

• Google anúncios
• Publicidade no Facebook
• Plataformas de publicidade programática

Receita de publicidade digital

US $ 1,3 bilhão em 2022

Lojas de aplicativos e mercados digitais

Canais de distribuição para aplicativos móveis:

Apple App Store	10 principais classificações na categoria de namoro
Google Play Store	Mais de 50 milhões de downloads para Tinder

IAC Inc. (IAC) - Modelo de Negócios: Segmentos de Clientes

Jovens adultos que buscam conexões de namoro e relacionamento

Tinder relatou 75,7 milhões de usuários ativos mensais no terceiro trimestre de 2023. Hinge, outra plataforma de namoro IAC, viu 3 milhões de assinantes pagantes em 2023. A receita total de aplicativos de namoro do Match Group atingiu US $ 3,04 bilhões em 2022.

Plataforma	Usuários ativos mensais	Faixa etária
Inflamável	75,7 milhões	18-34 anos
Dobradiça	2,5 milhões	25-40 anos

Consumidores de conteúdo digital

A Vimeo, uma subsidiária da IAC, gerou receita de US $ 108,4 milhões no terceiro trimestre de 2023. A plataforma serve aproximadamente 260 milhões de usuários em todo o mundo.

• Criadores de conteúdo de vídeo
• Profissionais de negócios
• Cineastas independentes

Usuários de tecnologia de primeiro celular

Os aplicativos móveis da IAC entre plataformas atingiram 45,3 milhões de usuários ativos mensais em 2023.

Plataforma móvel	Base de usuários
Aplicativos de namoro	35,6 milhões
Vimeo Mobile	9,7 milhões

Entusiastas da mídia digital

A Dotdash Meredith gerou US $ 235 milhões em receita de publicidade digital em 2022.

• Consumidores de conteúdo de estilo de vida
• Leitores de interesse de nicho
• Buscadores de desenvolvimento profissional

Buscadores de serviços on -line em toda a demografia

O portfólio diversificado da IAC atende usuários em vários grupos etários e interesses. A receita total para o IAC em 2022 foi de US $ 1,93 bilhão.

Demográfico	Plataformas -chave	Base de usuário estimada
18-24 anos	Tinder, dobradiça	28,5 milhões
25-45 anos	Match, Vimeo, Dotdash	42,6 milhões
45 anos ou mais	Match, Investobedia	15,2 milhões

IAC Inc. (IAC) - Modelo de Negócios: Estrutura de Custo

Desenvolvimento e manutenção de tecnologia

Para o ano fiscal de 2023, a IAC registrou US $ 410,6 milhões em despesas de tecnologia e desenvolvimento.

Categoria de despesa	Valor (2023)
Engenharia de software	US $ 215,3 milhões
Infraestrutura em nuvem	US $ 95,7 milhões
Pesquisa em tecnologia	US $ 99,6 milhões

Produção de conteúdo e licenciamento

As despesas relacionadas ao conteúdo da IAC em 2023 totalizaram aproximadamente US $ 287,4 milhões.

• Licenciamento de conteúdo de streaming: US $ 142,6 milhões
• Produção de conteúdo original: US $ 98,3 milhões
• Direitos de aquisição de conteúdo: US $ 46,5 milhões

Marketing e aquisição de usuários

As despesas de marketing para IAC em 2023 atingiram US $ 336,2 milhões.

Canal de marketing	Gastos (2023)
Publicidade digital	US $ 187,5 milhões
Marketing de desempenho	US $ 89,7 milhões
Marketing de marca	US $ 59 milhões

Talento e compensação de funcionários

A compensação total dos funcionários pela IAC em 2023 foi de US $ 512,8 milhões.

• Salários base: US $ 298,6 milhões
• Compensação baseada em ações: US $ 114,2 milhões
• Benefícios e bônus: US $ 100 milhões

Despesas de infraestrutura e computação em nuvem

Os custos de infraestrutura e computação em nuvem da IAC para 2023 totalizaram US $ 156,3 milhões.

Componente de infraestrutura	Custo (2023)
AWS Cloud Services	US $ 87,5 milhões
Manutenção do data center	US $ 38,9 milhões
Infraestrutura de rede	US $ 29,9 milhões

IAC Inc. (IAC) - Modelo de Negócios: Fluxos de Receita

Receita de publicidade digital

No terceiro trimestre de 2023, a IAC registrou receita de publicidade digital de US $ 202,1 milhões para seu segmento de publicação.

Serviços baseados em assinatura

Serviço	Receita anual (2023)
Angi (Serviços domésticos)	US $ 579,4 milhões
Serviços de assinatura do grupo em mosaico	US $ 387,2 milhões

Taxas de transação de plataformas de namoro

Grupo de partidas (de propriedade da maioria por IAC) gerada US $ 3,04 bilhões na receita total de 2023, com parte significativa das taxas de transação.

Acordos de licenciamento e parceria

• Receita de licenciamento do Dotdash Meredith: US $ 94,3 milhões no terceiro trimestre de 2023
• Contratos de licenciamento de conteúdo digital, gerando aproximadamente US $ 45,7 milhões anualmente

Monetização do recurso premium

Plataforma	Receita de recurso premium (2023)
Dobradiça	US $ 127,6 milhões
Match.com	US $ 468,3 milhões

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.