IAC (IAC) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Tue, May 5, 2026 astatine 11:31 AM CDT 46 min read

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Date

Tuesday, May 5, 2026 astatine 8:30 a.m. ET

Call participants

• Chairman and Senior Executive — Barry Diller

• Chief Executive Officer, People Inc. — Neil Vogel

• Chief Financial Officer, People Inc. — Tim Quinn

• Chief Legal Officer — Kendall Handler

• Chief Financial Officer — Christopher Halpin

Full Conference Call Transcript

Barry Diller, Chairman and Senior Executive of IAC; Neil Vogel, CEO of People Inc.; and Tim Quinn, CFO of People Inc. IAC has published a presumption connected the Investor Relations conception of our website contiguous entitled Q1 Earnings Presentation arsenic good arsenic a missive from our Chairman published past week. On this call, Barry, Neil, Tim and I volition supply immoderate introductory remarks referencing that presumption and missive and past unfastened it up to Q&A. Before we get to that, I'd similar to punctual you that during this presentation, we whitethorn marque definite statements that are considered forward-looking nether the national securities laws.

These forward-looking statements whitethorn see statements related to our outlook, strategy and aboriginal show and are based connected existent expectations and connected accusation presently disposable to us. Actual outcomes and results whitethorn disagree materially from the aboriginal results expressed oregon implied successful these statements owed to a fig of risks and uncertainties, including those contained successful our astir caller yearly study connected Form 10-K and successful the consequent reports we filed with the SEC. The accusation provided connected this league telephone should beryllium considered successful airy of specified risks. We'll besides sermon definite non-GAAP measures, which, arsenic a reminder, see adjusted EBITDA, which we'll notation to contiguous arsenic EBITDA for simplicity during the call.

I'll besides notation you to our net release, capitalist presentations, our nationalist filings with the SEC and again to the Investor Relations conception of our website for each comparable GAAP measures and afloat reconciliations for each worldly non-GAAP measures. And present I volition crook it implicit to Barry.

Barry Diller: Thank you, Chris. Good morning, everyone. I wrote a missive that I anticipation everyone has work due to the fact that it says it acold amended than I tin accidental astir this modulation that we're undergoing. A batch of radical inquire wherefore now? Well, the information is this is truly been going connected for the past mates of years arsenic we simplified -- privation to simplify our operations. We've been done -- since this enactment started 30 years ago. We've been done 4 cycles. Each clip we've gone done 1 of those cycles, we've been a smaller endeavor due to the fact that we spun disconnected truthful galore nationalist entities. I similar that due to the fact that I deliberation that gives america benignant of vigor and absorption to physique up again.