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IAC Inc. (IAC)
NASDAQCommunication ServicesInternet Content & InformationSnapshot 2026-06-16
Watch· this month
$42.24-1.45%
Close 2026-06-03 · 1-day change
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
The bottom line
Recent financial performance is weak, and earnings quality is neutral. Management's recent track record has been steady, but the capital stance is capital unfriendly. Risk is moderate, and the sector backdrop is a headwind, which may impact growth. The read is provisional.
as of 2026-06-16
Quick facts
- Exchange
- NASDAQ
- Sector
- Communication Services
- Industry
- Internet Content & Information
- Market cap
- $3.19B
- Employees
- —
- IPO date
- 2020-06-03
- Next earnings
- 2026-08-03
Price
Daily closes. Earnings/event dots are placed inline.
Adjusted daily closes (split & dividend). Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event
What's priced in
(what the market already expects)What it's worth (estimated)
A consensus fair price across 0 valuation methods, at three horizons. Current price $42.24. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
12-month· primary—
—consensus
Range — – —
vs price: —
Method agreement —
No-growth: today's peer multiple on trailing earnings. The headline read.
3-year—
—consensus
Range — – —
vs price: —
Method agreement —
Embeds projected growth. Leans optimistic by design. Upside context.
5-year—
—
How much to trust our fair value
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
Optionality premiumlow confidence
At $42, IAC's earnings are too small for P/E to mean much; on sales it trades at 59× p/e (4.9× the 12× p/e peer median, and 1.8× even its own history). At a normal multiple the price implies ~279% near-term growth vs our ~5% forecast. That gap is an optionality premium a financial-multiple model can't price — our $11 fair value covers only the as-is business, low confidence. Analysts: $44–$57. Not investment advice.
Multiple (P/E)
58.7x
peer 12.0x · own history 33.1x
Premium
4.9x peer
1.8x its own history
Growth the price needs
279%
our forecast 5%
Our fair value
$11.16
range $8.69 – $21.22
Analyst range
How this stock is priced
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Long-term · 1–3 yr
no read12-month view
What's priced inUnjustified
The market is pricing in roughly 279% near-term growth, well above our forecast of about 5%. This describes what's priced in, not a forecast of the move.
Low fragilityrisk posture, not a price call
Only expensive valuation — not the full expensive x weak x turbulent stack. Regime (Crisis) does not concentrate fragility.
Historical context
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Compared to peers
Not enough peers to compare yet.
How strong is the business
(quality & execution)Factor signals
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Recent financial performance
weakOperating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Communication Services names rated weak grew net income 59% of the time over the next year (vs 53% for the rest of the cohort, n=701).
1st pctl · Communication Services
Earnings quality
neutralOver the trailing year it converted 2.48x of net income into operating cash flow. Historically, Communication Services names rated neutral grew net income 54% of the time over the next year (vs 48% for the rest of the cohort, n=690).
52nd pctl · Communication Services
Macro sensitivity
Most sensitive to the broad stock market.
- the broad stock market: This stock moves with the broad market (high beta).
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity.
Management & capital allocation
stableEarnings setup & market context
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
Earnings setup · pre-print positioning
forward-looking
Strongly bearishEPS revised -113.0% / 30d, n=8for period ending 2026-06-30
Why this setup
Consensus revisions
EPS estimate $-0.15 → $-0.33 (-113.0% / 30d). 0 raised, 6 cut, 8 covering analysts.
Rating actions
0 upgrades, 0 downgrades / 30d. 67% of analysts rate Buy.
Sector context
Intermediate · WeeklySector phase: communication services is in declining, with may be transitioning (~0.2 years in phase).
Sector regime (90d momentum): headwind.Secular epoch: Mature by revenue growth · theme streaming/OTT.Management scorecard
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Long-term · 1–3 yr
Overall: weak
- Capital allocation
- weak
- Earnings discipline
- weak
- Margin discipline
- neutral
- Balance sheet
- strong
- Post-call reaction
- weak
A guidance track record builds as the company issues and delivers on guidance.
How bumpy is the path
(risk while you hold it)Risk: how this stock moves
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
Intermediate · WeeklyLong-term · 1–3 yr
On a typical day, $10k can swing ±$146.
How much price usually moves either way.
On a bad day, this stock has moved -$261.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $2,436.
Deepest peak-to-trough drop in the last year.
moderateas of 2026-06-16
Past results, not a forecast. Not investment advice.
What would change the read
(catalysts & re-read triggers)What changed
The most important moves since the prior daily snapshot.
Short-term · Daily
- No material changes since the prior snapshot.
No material changes since the prior snapshot.
as of 2026-06-16
What to watch next
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Intermediate · Weekly
- UpsideHigh confidenceMonthsactive 4d
Watch for Q2 2026 earnings to confirm cost savings from restructuring
Why it matters: Confirming cost savings will show that IAC's restructuring is working. This will affect future profits.
What confirms / what disproves
Confirms:Q2 2026 earnings show operating expense savings of at least $40 million as projected.
Disproves:Q2 2026 earnings report shows no big cost savings or higher expenses.
Sector context
News catalysts
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for IAC yet.
This sector is also watching
- Watch for revenue growth cooling below 10% YoY
What could change this view
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Intermediate · Weekly
Upside triggers
- If sector bellwethers like GOOGL, GOOG, and META keep beating earnings and guiding higher, the Communication Services sector momentum should keep lifting IAC and other Communication Services names. Worth watching these names for early signals.
- If the Fed starts cutting rates from the current 3.62%, that would be a tailwind for IAC and other Communication Services names, since rate-sensitive parts of the market tend to rally when the Fed eases.
- If IAC raises forward guidance on the next earnings call (currently NEW as of 2026-05-04), that's a momentum boost. Street estimates typically follow guidance up and the stock tends to re-rate higher.
Downside triggers
- If IAC cuts guidance on the next call (currently NEW as of 2026-05-04), that's a meaningful negative. The Street tends to walk down estimates and the stock usually takes a leg lower.
- If sector bellwethers like GOOGL, GOOG, and META start missing or guiding lower, the Communication Services tailwind helping IAC and other Communication Services names could fade. Watch these names for early warning.
Recent events
(material 8-K / filing activity)Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
- 2026-05-041mo agoItem 2.02
Results of Operations and Financial Condition.
Earnings preannouncementnegative
Score history
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
+8.0 vs last weeklatest as of 2026-06-16
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.