IAC to Rebrand as People Inc. and Lay Off Staff
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 28 2026
0mins
Should l Buy IAC?
Source: stocktwits
- Name Change Plan: IAC expects to complete its rebranding to People Inc. by its second-quarter earnings in August, aiming to enhance operational efficiency through corporate function consolidation, with completion targeted for Q1 2027 and projected annual cost savings of $40 million.
- Layoffs and Cost Savings: The company plans to achieve cost savings through layoffs and technology integrations, anticipating total restructuring costs of approximately $63 million, including $14 million in severance and $48 million in non-cash stock-based compensation expenses.
- Management Changes: IAC announced executive changes, with Christopher Halpin stepping down as COO and CFO, Neil Vogel becoming the new CEO, and Tim Quinn taking over as CFO, aiming to sharpen focus on its investment in MGM Resorts.
- Market Reaction: Retail sentiment around IAC remains bullish, with shares rising over 12% year-to-date, indicating positive market expectations regarding the company's restructuring and rebranding efforts.
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Analyst Views on IAC
Wall Street analysts forecast IAC stock price to rise
9 Analyst Rating
7 Buy
2 Hold
0 Sell
Strong Buy
Current: 42.250
Low
39.00
Averages
48.11
High
60.00
Current: 42.250
Low
39.00
Averages
48.11
High
60.00
About IAC
IAC Inc. is engaged in building companies. The Company's segments include Dotdash Meredith, Care.com, Search, and Emerging & Other. Its Dotdash Meredith segment consists of its digital and print businesses. Through its digital businesses, it provides original and engaging digital content in a variety of formats, including articles, illustrations, videos, and images. Its print business is a magazine publisher, which has published over 18 magazines, as well as 370 special interest publications. Its Search segment consists of Ask Media Group, a collection of Websites providing general search services and information, and a Desktop business, which includes business-to-business partnership operations and direct-to-consumer downloadable desktop applications. Its Care.com primarily provides online consumer matching and consumer payment solutions for families searching for care, among others. Its Emerging & Other segment includes Vivian Health, The Daily Beast and IAC Films.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Upgraded Outlook: The company raised its fiscal 2026 profit outlook, reflecting confidence in future performance, which is likely to further boost investor sentiment and stock price.
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- Positive Market Reaction: Other companies like DuPont and Waters Corp also saw stock price increases due to better-than-expected earnings, indicating a recovering market confidence in the manufacturing and technology sectors.
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See More
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- Conference Call Scheduled: A conference call is set for May 5, 2026, at 8:30 a.m. EST, where the company will discuss its financial results and answer investor questions, enhancing engagement with stakeholders.
- Executive Participation: The call will feature Barry Diller, Chairman of IAC, along with other executives, ensuring a thorough analysis and interpretation of financial performance, which is likely to bolster investor confidence.
- Company Background: Since its inception nearly three decades ago, IAC has evolved into 10 independent publicly traded companies, showcasing its ongoing ability to innovate and acquire new products and brands, reflecting its core principles of financially disciplined opportunism.
See More
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- Financial Results Release: IAC posted its first quarter financial results on May 4, 2026, available on its investor relations website, demonstrating the company's commitment to financial transparency.
- Conference Call Scheduled: A conference call is set for May 5, 2026, at 8:30 a.m. EST, where IAC executives will discuss financial results and answer investor questions, enhancing engagement with stakeholders.
- Executive Participation: The call will feature Barry Diller, Chairman, and other executives, ensuring investors receive direct insights into the company's strategy and financial performance, thereby improving the effectiveness of information dissemination.
- Company Background: Founded nearly three decades ago, IAC has evolved into multiple independent publicly traded companies, including People Inc., showcasing its ongoing efforts in brand and product innovation and adaptability in the market.
See More
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- Earnings Announcement Date: IAC is set to release its Q1 2023 earnings results on May 5 before the market opens, with consensus EPS estimates at -$0.00 and revenue estimates at $429.64 million, reflecting a 24.7% year-over-year decline.
- Performance Expectations: Over the past year, IAC has only beaten EPS estimates 50% of the time and revenue estimates 25% of the time, indicating significant volatility in its performance that may affect investor confidence.
- Revision Trends: In the last three months, there have been no upward revisions to EPS estimates, with one downward revision, while revenue estimates also saw no upward revisions and two downward revisions, reflecting a cautious market outlook on IAC's future performance.
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