IAC Inc. Q1 2024 10-Q Filing Released
Ticker: IAC · Form: 10-Q · Filed: 2024-05-07T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
IAC Q1 24 10-Q is in. Financials look steady, watch expenses.
AI Summary
IAC Inc. filed its 10-Q for the period ending March 31, 2024. The filing details financial performance and operational updates for the first quarter of 2024. Key financial data and expenses are reported, providing insight into the company's financial health and strategic direction.
Why It Matters
This filing provides investors with a detailed look at IAC Inc.'s financial performance and operational status for the first quarter of 2024, influencing investment decisions.
Risk Assessment
Risk Level: medium — The filing contains standard financial disclosures for a public company, but the absence of specific performance highlights or significant changes necessitates a medium risk assessment.
Key Numbers
- 20240331 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
- 20240507 — Filing Date (The date the 10-Q report was officially submitted to the SEC.)
Key Players & Entities
- IAC Inc. (company) — Filer of the 10-Q
- 20240331 (date) — End of reporting period
- 20240507 (date) — Filing date
- 555 WEST 18TH STREET (location) — Company's business and mail address
- NEW YORK (location) — Company's business and mail city
- 10011 (location) — Company's business and mail zip code
- (212) 314-7300 (phone_number) — Company's business phone number
FAQ
What were IAC Inc.'s total revenues for the first quarter of 2024?
The filing does not explicitly state the total revenues for the first quarter of 2024 in the provided snippet. It lists expense categories like Cost of Sales, Selling and Marketing Expense, and General and Administrative Expense for Q1 2024 and Q1 2023.
How do the Cost of Sales for Q1 2024 compare to Q1 2023?
The filing indicates that Cost of Sales for the period January 1, 2024 to March 31, 2024 and the period January 1, 2023 to March 31, 2023 are reported, but specific comparative dollar amounts are not provided in this snippet.
What is the company's primary business address?
The company's primary business address is 555 WEST 18TH STREET, NEW YORK, NY 10011.
When was IAC Inc. formerly known as IAC/InterActiveCorp?
The company was formerly known as IAC/InterActiveCorp, with a date of name change on 20200702.
What is the SEC file number for IAC Inc.?
The SEC file number for IAC Inc. is 001-39356.
From the Filing
0001800227-24-000024.txt : 20240507 0001800227-24-000024.hdr.sgml : 20240507 20240507161633 ACCESSION NUMBER: 0001800227-24-000024 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 82 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240507 DATE AS OF CHANGE: 20240507 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IAC Inc. CENTRAL INDEX KEY: 0001800227 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] ORGANIZATION NAME: 06 Technology IRS NUMBER: 843727412 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-39356 FILM NUMBER: 24922139 BUSINESS ADDRESS: STREET 1: 555 WEST 18TH STREET CITY: NEW YORK STATE: NY ZIP: 10011 BUSINESS PHONE: (212) 314-7300 MAIL ADDRESS: STREET 1: 555 WEST 18TH STREET CITY: NEW YORK STATE: NY ZIP: 10011 FORMER COMPANY: FORMER CONFORMED NAME: IAC/InterActiveCorp DATE OF NAME CHANGE: 20200702 FORMER COMPANY: FORMER CONFORMED NAME: IAC Holdings, Inc. DATE OF NAME CHANGE: 20200115 10-Q 1 iaci-20240331.htm 10-Q iaci-20240331 0001800227 12/31 2024 Q1 false 0001800227 2024-01-01 2024-03-31 0001800227 us-gaap:CommonClassAMember 2024-05-03 xbrli:shares 0001800227 us-gaap:CommonClassBMember 2024-05-03 0001800227 2024-03-31 iso4217:USD 0001800227 2023-12-31 0001800227 us-gaap:CommonClassAMember 2023-12-31 iso4217:USD xbrli:shares 0001800227 us-gaap:CommonClassAMember 2024-03-31 0001800227 us-gaap:CommonClassBMember 2024-03-31 0001800227 us-gaap:CommonClassBMember 2023-12-31 0001800227 2023-01-01 2023-03-31 0001800227 us-gaap:CostOfSalesMember 2024-01-01 2024-03-31 0001800227 us-gaap:CostOfSalesMember 2023-01-01 2023-03-31 0001800227 us-gaap:SellingAndMarketingExpenseMember 2024-01-01 2024-03-31 0001800227 us-gaap:SellingAndMarketingExpenseMember 2023-01-01 2023-03-31 0001800227 us-gaap:GeneralAndAdministrativeExpenseMember 2024-01-01 2024-03-31 0001800227 us-gaap:GeneralAndAdministrativeExpenseMember 2023-01-01 2023-03-31 0001800227 us-gaap:ResearchAndDevelopmentExpenseMember 2024-01-01 2024-03-31 0001800227 us-gaap:ResearchAndDevelopmentExpenseMember 2023-01-01 2023-03-31 0001800227 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2024-03-31 0001800227 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2023-03-31 0001800227 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2024-03-31 0001800227 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2023-03-31 0001800227 iaci:RedeemableNoncontrollingInterestsMember 2023-12-31 0001800227 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2023-12-31 0001800227 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2023-12-31 0001800227 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001800227 us-gaap:RetainedEarningsMember 2023-12-31 0001800227 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001800227 us-gaap:TreasuryStockCommonMember 2023-12-31 0001800227 us-gaap:ParentMember 2023-12-31 0001800227 us-gaap:NoncontrollingInterestMember 2023-12-31 0001800227 iaci:RedeemableNoncontrollingInterestsMember 2024-01-01 2024-03-31 0001800227 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001800227 us-gaap:ParentMember 2024-01-01 2024-03-31 0001800227 us-gaap:NoncontrollingInterestMember 2024-01-01 2024-03-31 0001800227 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0001800227 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001800227 us-gaap:CommonStockMember srt:ParentCompanyMember us-gaap:CommonClassAMember 2024-01-01 2024-03-31 0001800227 srt:ParentCompanyMember us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001800227 srt:ParentCompanyMember us-gaap:ParentMember 2024-01-01 2024-03-31 0001800227 srt:ParentCompanyMember 2024-01-01 2024-03-31 0001800227 us-gaap:AdditionalPaidInCapitalMember srt:SubsidiariesMember 2024-01-01 2024-03-31 0001800227 srt:SubsidiariesMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0001800227 srt:SubsidiariesMember us