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IAC: What’s Inside The People App Launch And How It Could Diversify The Business!

InterActiveCorp (IAC) reported its third-quarter financial results for 2025 with several strategic updates and notable performances across its business segments. One of the key highlights of the call was IAC’s focus on slimming down its operations, focusing primarily on two core components: People Inc. and its investment in MGM Resorts International. The company’s management is keen on reducing overhead costs, divesting non-core assets, and potentially increasing its ownership stake in MGM due to perceived undervaluation. IAC’s People Inc., formerly known as Dotdash Meredith, represents a significant portion of the company’s focus. It continues to drive forward with digital transformation efforts. The division achieved its eighth consecutive quarter of digital revenue growth, posting a 9% increase year-over-year. This growth was driven by diversifying revenue streams, emphasizing performance marketing and licensing, alongside a strong off-platform audience expansion.