CONSOLIDATED BALANCE SHEET - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
ASSETS
Cash and cash equivalents	$ 1,093,866	$ 1,381,736
Accounts receivable, net	376,192	483,020
Other current assets	131,519	125,208
Current assets of discontinued operations	0	495,072
Total current assets	1,601,577	2,485,036
Buildings, land, equipment, leasehold improvements and capitalized software, net	304,742	313,197
Goodwill	1,993,302	1,993,302
Intangible assets, net of accumulated amortization	507,532	554,473
Investment in MGM Resorts International	2,225,844	2,242,672
Long-term investments	409,574	438,534
Other non-current assets	317,824	324,901
Non-current assets of discontinued operations	0	1,336,529
TOTAL ASSETS	7,360,395	9,688,644
LIABILITIES:
Current portion of long-term debt	21,000	35,000
Accounts payable, trade	47,859	53,672
Deferred revenue	65,059	56,560
Accrued expenses and other current liabilities	424,730	509,299
Current liabilities of discontinued operations	0	231,661
Total current liabilities	558,648	886,192
Long-term debt, net	1,412,332	1,435,007
Deferred income taxes	134,824	153,850
Other long-term liabilities	291,809	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	5,920,478	6,380,700
Accumulated deficit	(544,327)	(538,974)
Accumulated other comprehensive loss	(11,102)	(11,396)
Treasury stock, 8,838 shares and 4,350 shares at June 30, 2025 and December 31, 2024, respectively	(453,966)	(252,441)
Total IAC shareholders' equity	4,911,092	5,577,898
Noncontrolling interests	26,411	701,075
Total shareholders' equity	4,937,503	6,278,973
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	7,360,395	9,688,644
Common stock, $0.0001 par value; authorized 1,600,000 shares; 82,946 and 84,831 shares issued and 74,108 and 80,481 shares outstanding at June 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 June 30, 2025 and December 31, 2024
SHAREHOLDERS' EQUITY:
Common stock, value	$ 1	$ 1