IAC Revenue Slides on Print Weakness as Company Cuts 2026 Outlook

IAC reported a decline in total revenue, primarily driven by persistent weakness in the print business of its flagship People magazine. Financial results revealed a 2% drop in revenue for People, which remains the most significant contributor to the company's overall top line. This downturn underscores the ongoing challenges facing traditional media outlets amid a rapid shift toward digital consumption. In response to these results, the company has lowered its financial guidance for the fiscal year 2026. Analysts suggest that the cut to long-term targets reflects structural hurdles that could impede future growth. Market participants are now closely monitoring IAC's ability to offset print losses through its diverse digital portfolio.