Reading the tape
NASDAQ: IAC
IAC InterActive Corp.
Technology · Internet Content & Information
Market Cap
$3.10B
52w High
$45.82
52w Low
$29.56
P/E
80.01
Volume
4.01M
Outstanding Shares
74.88M
Price vs Fundamentals
Why The Stock Is Moving
Momentum disconnected from fundamentalsHigh confidence
1Y Price: 17%Revenue (TTM): -20.82%FCF (TTM): -79%P/FCF: 81st pct
What changed
The stock rose 17% over the last year. Revenue declined 20.82% over the trailing twelve months. Operating margin moved from 2.58% to 1.52%. Free cash flow declined 79% over the trailing twelve months.
What the market seems to be pricing
The stock is rising despite deteriorating fundamentals and now sits at the 81st percentile of its historical P/FCF range. This is a momentum-driven move — the market may be front-running a recovery that has not yet appeared in reported numbers.
What would invalidate this read
Operating margin (currently 1.52%) would need to stabilize or improve to justify the move. Revenue is declining 20.82% — a trend reversal in the next report would be the key signal to watch. This read is wrong if the next period shows operating metrics turning the corner. At that point the price would be anticipating real improvement rather than running ahead of it.
Company profile
IAC/InterActiveCorp operates as a media and internet company worldwide.
CEOBarry Diller
SectorTechnology
IndustryInternet Content & Information
Employees9,500
IPO dateJan 19, 1993
Valuation
Forward P/E—
EV/EBITDA12.24
Enterprise value$3.5B
Stock splits
Apr 1, 2025↑ Forward
Every 1000 shares became 1219
May 25, 2021↑ Forward
Every 1000 shares became 1503
Jul 1, 2020↑ Forward
Every 500 shares became 1527
Aug 21, 2008↑ Forward
Every 500 shares became 573
Aug 9, 2005↓ Reverse
Every 10 shares became 9
Feb 25, 2000↑ Forward
Every 1 shares became 2
Mar 27, 1998↑ Forward
Every 1 shares became 2
Profitability & growth
Revenue growth-25.87%
Gross margin64.57%▼7.41%vs FY2024
Operating margin1.52%▼3551.69%vs FY2024
ROE-2.2%▲77.30%vs FY2024
Analyst consensus
RatingBuy
Target price$48.75▲17.87%
29
Buy
4
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 3, 2026
Q3 FY26 · EPS est -$0.18 · Revenue est $550.16M
View