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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 1,005,496 $ 1,381,736
Accounts receivable, net 397,402 483,020
Other current assets 112,549 125,208
Current assets of discontinued operations 0 495,072
Total current assets 1,515,447 2,485,036
Buildings, land, equipment, leasehold improvements and capitalized software, net 299,290 313,197
Goodwill 1,993,302 1,993,302
Intangible assets, net of accumulated amortization 484,123 554,473
Investment in MGM Resorts International 2,243,320 2,242,672
Long-term investments 409,574 438,534
Other non-current assets 242,596 324,901
Non-current assets of discontinued operations 0 1,336,529
TOTAL ASSETS 7,187,652 9,688,644
LIABILITIES:    
Current portion of long-term debt 22,750 35,000
Accounts payable, trade 42,676 53,672
Deferred revenue 64,120 56,560
Accrued expenses and other current liabilities 462,127 509,299
Current liabilities of discontinued operations 0 231,661
Total current liabilities 591,673 886,192
Long-term debt, net 1,406,840 1,435,007
Deferred income taxes 106,579 153,850
Other long-term liabilities 238,867 372,950
Non-current liabilities of discontinued operations 0 536,257
Redeemable noncontrolling interests 25,279 25,415
Commitments and contingencies
SHAREHOLDERS' EQUITY:    
Additional paid-in-capital 5,923,410 6,380,700
Accumulated deficit (566,206) (538,974)
Accumulated other comprehensive loss (11,879) (11,396)
Treasury stock, 11,605 shares and 4,350 shares at September 30, 2025 and December 31, 2024, respectively (554,848) (252,441)
Total IAC shareholders' equity 4,790,486 5,577,898
Noncontrolling interests 27,928 701,075
Total shareholders' equity 4,818,414 6,278,973
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 7,187,652 9,688,644
Common stock, $0.0001 par value; authorized 1,600,000 shares; 83,239 and 84,831 shares issued and 71,634 and 80,481 shares outstanding at September 30, 2025 and December 31, 2024, respectively    
SHAREHOLDERS' EQUITY:    
Common stock, value 8 8
Class B common stock, $0.0001 par value; authorized 400,000 shares; 5,789 shares issued and outstanding at September 30, 2025 and December 31, 2024    
SHAREHOLDERS' EQUITY:    
Common stock, value $ 1 $ 1