IAC missed earnings estimates in Q3 2025 despite adjusted EBITDA beat, citing declining revenue and weak profitability.

IAC reported third-quarter 2025 earnings with a GAAP loss of $0.27 per share, missing estimates by $0.03, and revenue of $589.8 million, an 8.1% drop from last year and below the $602 million expected. Adjusted EBITDA beat forecasts, but operating margin turned negative, and free cash flow margin plunged. The company’s long-term profitability remains weak, with flat EPS and declining revenue trends, though analysts expect a full-year earnings turnaround.