IAC - W/I

Q3 FY2026 EarningsFY26 Q3 results missed revenue expectations, coming in at $430.8M vs. $442.4M consensus, primarily due to a 26% decline in Core Sessions at People Inc. driven by AI-oriented search experiences. Despite the top-line miss, operational efficiency improved with an operating loss of -$3.0M vs. the -$7.3M EBIT consensus, and a significant beat in Cash from Operations at $106M. Management reaffirmed FY26 Adjusted EBITDA guidance of $263-$283M, aligning with the consolidation of corporate functions into People Inc.