Earnings Releases·Nov 2, 2026, 4:07 PM ET

People Incorporated — Q3 2026 Earnings Summary

Total revenue decreased 4% year-over-year to $430.8 million, driven by a 5% decline in People Inc. revenue, while operating loss narrowed 89% to $3.0 million and People Inc. operating income rose 30% to $37.2 million.
Net loss widened significantly to $687.5 million due to a $1.12 billion unrealized loss on the MGM investment, though free cash flow increased $93 million to $80 million for the nine-month period.
Full-year 2026 Adjusted EBITDA guidance remains $263–$283 million, with Digital revenue expected to grow mid-single digits and Emerging & Other segments accelerating growth.
Strategic focus continues on simplifying around People Inc. and the MGM investment, with corporate expenses targeted at a $45 million run-rate by Q1 2027 and $15–$20 million in severance costs expected in Q4 2026.