People Incorporated — Q3 2026 Earnings Summary

People Incorporated reported a 4% decline in total revenue to $430.8 million for the third quarter of 2026, driven by a 5% drop in People Inc. revenue offset by a 21% increase in Emerging & Other segments. The company posted a net loss of $687.5 million, significantly impacted by a $1.12 billion unrealized loss on its investment in MGM Resorts International, while Adjusted EBITDA remained relatively stable at $54.8 million. On October 29, 2026, the company executed staffing reductions expected to incur $15-$20 million in severance expenses in the fourth quarter. As of September 30, 2026, the company held $1.3 billion in cash and cash equivalents and had 12.5 million shares remaining under its share repurchase authorization.