IAC - W/I

Q2 FY2026 EarningsQ2 FY26 results presented a significant beat on the bottom line, with Diluted EPS of $6.68 far exceeding the expected -$0.33 mean estimate, primarily driven by a massive $721.7M unrealized gain on MGM investment. Revenue of $436.7M was slightly above the $433.3M consensus, while the Digital segment maintained momentum with 6% growth despite search traffic headwinds. Total Adjusted EBITDA of $55.9M beat expectations, though the company reported a GAAP operating loss of $14.3M due to one-time corporate consolidation costs.