People Inc (IAC) Form 10-Q — Nov 2, 2026
People Inc reported Q3 2026 revenue of $430.8 million, down 3.6% year over year, with a net loss of $685.1 million ($9.15 per share) driven almost entirely by a $1.12 billion unrealized pre-tax loss on its 26.6% stake in MGM Resorts International. Excluding investment marks, operations were mixed: Segment Adjusted EBITDA was $74.2 million versus $77.1 million a year ago, with Digital growing (EBITDA $196.5M for nine months, up from $177.9M) while Print declined (EBITDA $23.97M vs $43.07M). Cash stands at $1.32 billion after the $300.2 million Care.com sale and a $174.9 million fund-stake sale gain.
Key figures
- Revenue
- 430820000
- Revenue Yoy
- -3.6% (Q3: $430.8M vs $447.1M)
- Cash Position
- 1318784000
- Shares Outstanding
- 75044165
- Mgm shares owned
- 66.8 million (approx. 26.6% of MGM outstanding)
- Fund stake sale gain
- $174.9 million pre-tax
- Mgm investment value
- $2,074,834 thousand
- Care com net proceeds
- $300.2 million
- Q3 unrealized mgm loss
- $1.12 billion
- Mgm stake ownership cap
- 29.9% under Amended MGM Voting Agreement
- Shares remaining buyback
- 12.5 million
- Segment adjusted ebitda q3
- $74.2 million vs $77.1 million
AI analysis
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