IAC Reports $71.9 Million Q1 Loss, Cuts 2026 Outlook After Print Slump
IAC posted a first-quarter loss of $71.9 million, or $0.94 per share, and missed revenue forecasts with $422.9 million in sales versus expectations of $514.8 million. The slump in its People’s Print division prompted management to cut its full-year 2026 outlook.
1. Q1 Results
IAC reported a first-quarter net loss of $71.9 million, or $0.94 per share, with adjusted losses of $0.05 per share, beating the consensus estimate of a $0.34 per-share loss. Revenue of $422.9 million fell short of the $514.8 million consensus forecast.
2. Print Segment Headwinds
The People’s Print division experienced a significant downturn, weighing on overall revenue as advertising demand in traditional print media remained weak. This segment underperformance was cited as the primary factor behind the quarter’s top-line miss.
3. Outlook Revision
In response to ongoing print business challenges, management lowered its full-year 2026 outlook, signaling expectations for continued pressure on revenues and margins throughout the remainder of the year.