People Inc (IAC) Form 8-K — Nov 2, 2026
People Incorporated (NASDAQ: PPLI) reported a Q3 2026 net loss of $687.5 million, or $9.15 per diluted share, driven almost entirely by a $1.12 billion unrealized loss on its 66.8-million-share stake in MGM Resorts. Revenue fell 4% to $430.8 million while Adjusted EBITDA was essentially flat at $54.8 million. Underlying operations improved: People Inc. segment operating income rose 30% to $37.2 million, nine-month free cash flow swung to positive $80.2 million, and Emerging & Other revenue grew 21% on 39% growth at The Daily Beast and 18% at Vivian Health.
Key figures
- Revenue
- 430800000
- Guidance
- FY 2026 Total Adjusted EBITDA of $263-$283 million; Total Operating income $6-$49 million; expects Q4 2026 Digital revenue growth of low-to-mid single digits
- Total Debt
- 1400000000
- Cash Position
- 1300000000
- Mgm value
- 2000000000
- Mgm shares
- 66800000
- Digital revenue
- 288500000
- Operating loss q3
- -3000000
- Adjusted ebitda q3
- 54800000
- Shares outstanding
- 75000000
- Severance q4 estimate
- $15-$20 million
- Buyback shares remaining
- 12500000
- Corporate run rate target
- $45 million by end of Q1 2027
- Free cash flow nine months
- 80200000
- Fund stake sale pretax gain
- 174900000
- Fund stake sale net proceeds
- 185100000
AI analysis
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