People Inc PPLI
IAC today is comprised of category leading businesses, including People Inc. and Care.com, among others, and holds strategic equity positions in MGM Resorts International and Turo Inc.
IAC began as a hybrid media/electronic retailing company over twenty-five years ago. Since then, IAC (directly and through predecessor entities) has transformed itself into a leading Internet company through the development, building, acquisition and distribution to its stockholders of a number of businesses and continues to build companies and invest opportunistically.
From and after the late 1990s, we acquired a number of e-commerce companies, including Ticketmaster Group (later renamed Ticketmaster), Hotel Reservations Network (later renamed Hotels.com), Expedia.com, Match.com, LendingTree (later renamed Tree.com, Inc.), TripAdvisor, HomeAdvisor and Ask Jeeves, as well as Interval International (later renamed Interval Leisure Group, Inc.).
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- All other countries
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| United States | $2.22B | $2.32B | $2.47B |
| All other countries | $168.8M | $303.2M | $450.4M |
As the company reported it, from the “SEGMENT INFORMATION - Revenue and Long-Lived Assets (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.39B | $2.62B | $2.92B | $3.34B | $3.70B | $2.76B | $2.51B | $2.37B | $1.95B |
| Cost of revenue | $809.8M | $1.00B | $1.22B | $1.50B | $1.30B | $745.4M | $547.7M | $437.8M | $362.6M |
| Gross profit | $1.58B | $1.62B | $1.70B | $1.85B | $2.40B | $2.02B | $1.96B | $1.94B | $1.59B |
| R&D | $196.0M | $228.3M | $237.9M | $244.2M | $230.8M | $185.3M | $132.6M | $140.3M | $148.0M |
| SG&A | $418.5M | $499.1M | $518.7M | $518.2M | $797.4M | $745.2M | $573.1M | $538.5M | $528.3M |
| Total operating expenses | $2.49B | $2.65B | $3.16B | $3.70B | $3.84B | $3.30B | $2.50B | $2.30B | $2.12B |
| Operating income | -$97.4M | -$28.7M | -$237.8M | -$355.1M | -$137.1M | -$537.7M | $5.7M | $75.3M | -$164.6M |
| Interest expense | $120.0M | $135.7M | $137.5M | $90.1M | $34.3M | $16.2M | $11.9M | $13.1M | $2.2M |
| Pre-tax income | -$81.9M | -$715.0M | $393.0M | -$1.39B | $729.8M | $244.2M | $34.3M | $344.9M | -$130.8M |
| Income tax | $34.8M | $141.9M | $98.2M | $311.3M | $139.0M | $45.7M | $47.3M | $22.6M | $155.4M |
| Net income | -$104.0M | -$539.9M | $265.9M | -$1.17B | $597.5M | $269.7M | $22.9M | $246.8M | $24.6M |
| EPS, basic | -1.30 | -6.49 | 3.07 | -13.55 | 6.70 | 3.16 | 0.27 | 2.90 | — |
| EPS, diluted | -1.30 | -6.49 | 2.97 | -13.55 | 6.31 | 2.97 | 0.27 | 2.90 | — |
| Shares, diluted (wtd. avg.) | 80.1M | 83.1M | 86.5M | 86.3M | 91.8M | 90.9M | 85.1M | 85.1M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $960.2M | $1.38B | $933.4M | $1.10B | $2.12B | $3.37B | $837.9M | $884.0M | $757.2M |
| Short-term investments | $0 | $0 | $149.0M | $239.4M | $19.8M | $225.0M | — | — | — |
| Receivables | $448.8M | $483.0M | $536.6M | $607.8M | $695.5M | $257.7M | $181.9M | — | — |
| Inventory | — | — | — | — | $30.7M | $317.0K | — | — | — |
| Total current assets | $1.54B | $2.49B | $2.24B | $2.56B | $3.08B | $4.12B | $1.23B | — | — |
| Property, plant and equipment | $287.4M | $313.2M | $455.3M | $510.6M | $570.5M | $274.9M | $305.4M | — | — |
| Goodwill | $1.79B | $1.99B | $2.14B | $3.03B | $3.23B | $1.66B | $1.40B | $1.48B | — |
| Other intangibles | $465.9M | $554.5M | $874.7M | $1.17B | $1.41B | $395.0M | $350.1M | — | — |
| Total assets | $7.13B | $9.69B | $10.37B | $10.39B | $12.30B | $9.16B | $4.10B | — | — |
| Short-term debt | $24.5M | $35.0M | $30.0M | $30.0M | $30.0M | $0 | $13.8M | — | — |
| Total current liabilities | $560.9M | $886.2M | $950.5M | $1.08B | $1.38B | $750.9M | $585.3M | — | — |
| Long-term debt | $1.40B | $1.44B | $1.99B | $2.02B | $2.05B | $712.3M | $231.9M | — | — |
| Retained earnings | -$643.0M | -$539.0M | $923.0K | -$265.0M | $905.2M | $694.0M | $0 | — | — |
| Total equity | $4.73B | $5.58B | $6.76B | $6.57B | $7.75B | $7.15B | $3.01B | $2.68B | $2.26B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $64.0M | $192.5M | $77.3M | -$115.9M | $118.9M | $113.4M | $275.3M | $377.0M | $140.4M |
| Depreciation and amortisation | $37.5M | $40.8M | $80.9M | $52.7M | $75.0M | $68.8M | $55.5M | $41.2M | $40.8M |
| Stock-based compensation | — | — | — | — | — | $189.0M | $130.2M | $144.6M | $192.0M |
| Capital expenditure | $19.2M | $15.0M | $93.6M | $23.4M | $90.2M | $60.7M | $95.1M | $54.5M | $46.2M |
| Investing cash flow | -$404.6M | $327.2M | -$41.2M | -$378.7M | -$2.91B | -$1.87B | -$249.7M | -$44.2M | -$161.0M |
| Financing cash flow | -$451.0M | -$76.9M | -$206.0M | -$95.4M | $1.12B | $4.20B | $127.0M | -$197.7M | $246.8M |
| Buybacks | $315.0M | $0 | $165.6M | $85.3M | $35.4M | $63.7M | $56.9M | $0 | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-251426.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.95B | $2.37B | $2.51B | $2.76B | $3.70B | $3.34B | $2.92B | $2.62B | $2.39B |
| Gross profit | $1.59B | $1.94B | $1.96B | $2.02B | $2.40B | $1.85B | $1.70B | $1.62B | $1.58B |
| Net income | $24.6M | $246.8M | $22.9M | $269.7M | $597.5M | -$1.17B | $265.9M | -$539.9M | -$104.0M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Officer or director change Item 5.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Restructuring or exit costs A restructuring: layoffs, a plant closure, a business being wound down. Item 2.05
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 7370
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|---|---|---|---|---|
| GOOGL | Alphabet Inc. | $3.89T | 29.6x | 15.1% |
| META | Meta Platforms, Inc. | $1.63T | 27.4x | 22.2% |
| APP | AppLovin Corp | $87.39B | 26.7x | 70.0% |
| ZM | Zoom Communications, Inc. | $28.05B | 15.5x | 4.4% |
| FLUT | Flutter Entertainment plc | $13.90B | — | 16.6% |
| PINS | PINTEREST, INC. | $12.56B | 36.6x | 15.8% |
| FDS | FACTSET RESEARCH SYSTEMS INC | $11.78B | 21.3x | 5.4% |
| DOCN | DigitalOcean Holdings, Inc. | $10.96B | 37.0x | 15.5% |