People Inc (IAC) Form 8-K — Aug 3, 2026
People Incorporated reported Q2 2026 revenue of $436.7 million, a 1% decrease from the prior year, with a widening operating loss of $14.3 million. However, net earnings surged 140% to $506.9 million, or $6.68 per share, driven primarily by a $721.7 million unrealized gain on its investment in MGM Resorts International. Adjusted EBITDA increased 15% to $55.9 million, reflecting growth in the Digital segment which saw revenue rise 6% to $290 million. The company announced significant capital allocation moves, including a Board authorization to repurchase an additional 10 million shares and an agreement to sell a Limited Partner stake in a third-party fund for approximately $189 million.
Key figures
- Eps
- $6.68
- Revenue
- $436.7 million
- Net Income
- $506.9 million
- Revenue Yoy
- -1%
- Cash Position
- $1.1 billion
- Deal Value Usd
- $189 million
- Ceo Base Salary
- $1,000,000
- Cfo Base Salary
- $600,000
- Adjusted Ebitda
- $55.9 million
- Shares Repurchase Authorization
- 10 million
- Print Revenue
- $132.6 million
- Mgm Stake Value
- $3.0 billion
- Digital Revenue
- $289.9 million
- Mgm Unrealized Gain
- $721.7 million
- Core Sessions Decline
- -22%
Price after filing
Close on the filing date to close N calendar days later (from $41.45). Historical, not a forecast.
AI analysis
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