IAC Inc. (IAC) on Monday reported first-quarter results with revenue declining from last year, while its net loss narrowed.
The company reported a net loss of $71.9 million, or $0.94 per share, compared with a net loss of $216.8 million, or $2.64 per share, in the year-ago period.
Revenue decreased to $422.9 million from $481.7 million in the same period last year, reflecting softer performance across its portfolio.
IAC is currently trading after hours at $42.75, down $2.42 or 5.36 percent on the Nasdaq.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.