Summary of IAC Inc.

Company Overview:
IAC Inc. is a publicly traded company listed on the Nasdaq Stock Market LLC under the ticker symbol "IAC." It is incorporated in Delaware and has a federal Employer Identification Number of 84-3727412.

Business Operations:
IAC operates as a conglomerate with a diverse portfolio of digital consumer businesses, including online marketplaces, media, and advertising platforms, as well as interests in entertainment and technology sectors. The company focuses on building and investing in internet brands that have the potential for long-term growth.

Corporate Size and Financials:

• Employees: 8,448 worldwide as of October 1, 2024 (excluding certain international employees in Ireland), used for pay ratio and other disclosures.
• Shares Outstanding: Total of 83,283,336 shares as of February 7, 2025, consisting of 77,493,837 shares of common stock and 5,789,499 shares of Class B common stock.
• Market Value: The aggregate market value of voting common stock held by non-affiliates was approximately $3.56 billion as of June 30, 2024.
• Revenue and Income: Specific revenue and income figures are not explicitly provided in the excerpt. However, noted financial details include:
  • Operating income and Adjusted EBITDA improved in 2024 compared to 2023 despite revenue declines across some businesses.
  • IAC held approximately $1.8 billion in cash and marketable debt securities at the end of 2024, indicating significant liquidity for growth and investment.

Business Segments and Stakeholders:

• The company has significant investments and stakes in multiple aligned businesses, including MGA, Turo, Vimeo, and MGM.
• It is involved in strategic arrangements such as aircraft and cost-sharing agreements with Expedia Group, following its spin-offs and business separations (e.g., Vimeo, Angi, and Match Group).
• IAC’s portfolio includes internet and digital media companies, and it emphasizes innovation in digital advertising, e-commerce, and subscription-based content.

Board and Leadership:

• The company’s Board of Directors comprises 11 members, including high-profile industry leaders and public figures with expertise in media, entertainment, investment, and public policy.
• The leadership structure includes a Chairman and Senior Executive, Barry Diller, who has held this role since December 2010, and an Executive Vice President, Christopher Halpin, who also acts as the CFO and COO.

Other Key Details:

• IAC’s corporate governance includes standing committees such as Audit, Compensation and Human Capital, Nominating, and an Executive Committee.
• The company’s policies focus on risk management, internal control, executive compensation, stock ownership, and insider trading controls.
• No specific revenue, profitability, or customer numbers are disclosed in this excerpt.

Summary:
IAC Inc. is a holding company with a focus on internet-based platforms, digital entertainment, and media services, with a large employee base, substantial cash reserves, and a diverse portfolio of investments, with a strategic focus on long-term growth through innovation, acquisitions, and portfolio management.