--- title: "People | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 436.74 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/294733112.md" datetime: "2026-08-03T20:15:23.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294733112.md) - [en](https://longbridge.com/en/news/294733112.md) - [zh-HK](https://longbridge.com/zh-HK/news/294733112.md) generator: "portal-rs" --- # People | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 436.74 M Revenue: As of FY2026 Q2, the actual value is USD 436.74 M, beating the estimate of USD 433.29 M. EPS: As of FY2026 Q2, the actual value is USD 6.68, beating the estimate of USD -0.316. EBIT: As of FY2026 Q2, the actual value is USD 11.58 M. ### Overall Company Performance (Q2 2026 vs. Q2 2025) - Total revenue was $436.7 million in Q2 2026, a -1% decrease from $443.2 million in Q2 2025. Operating loss was -$14.3 million in Q2 2026, representing a -91% increase in loss from -$7.5 million in Q2 2025. Net earnings significantly increased by 140% to $506.9 million in Q2 2026, compared to $211.5 million in Q2 2025. Adjusted EBITDA grew by 15% to $55.9 million in Q2 2026, up from $48.7 million in Q2 2025. Unrealized gain on investment in MGM Resorts International increased by 135% to $721.7 million in Q2 2026, from $307.4 million in Q2 2025. ### People Incorporated Segment Performance (Q2 2026 vs. Q2 2025) - Total People Incorporated revenue decreased by -2% to $416.7 million in Q2 2026. - Digital revenue increased 6% to $289.9 million, with non-sessions-based revenue growing 16% (including 23% growth in Licensing and other revenue), performance marketing revenue increasing 13% (driven by 11% affiliate commerce growth), and advertising revenue remaining flat year-over-year. - Print revenue declined by -16% to $132.6 million. - Total People Incorporated operating income was $33.8 million, a -3% decrease. - Digital operating income increased 27% to $48.7 million. - Print operating income decreased -58% to $4.5 million. - Total People Incorporated Adjusted EBITDA increased 5% to $73.3 million. - Digital Adjusted EBITDA increased 18% to $74.5 million, with margins expanding to 26% from 23%. - Print Adjusted EBITDA declined -45% to $9.1 million. ### Emerging & Other Segment Performance (Q2 2026 vs. Q2 2025) - Revenue increased 26% to $20.0 million, with The Daily Beast revenue growing 53% and Vivian Health revenue growing 12%. - Operating income increased to $2.5 million from a loss of -$9.2 million. - Adjusted EBITDA increased by $2.7 million to $2.9 million. ### Corporate Segment Performance (Q2 2026 vs. Q2 2025) - Corporate operating loss increased by $17.6 million to -$50.6 million. - Corporate Adjusted EBITDA losses decreased -4% to -$20.3 million. ### Cash Flow (Six Months Ended June 30, 2026 vs. 2025) - Net cash provided by operating activities attributable to continuing operations increased $90.1 million to $55.6 million. - Free Cash Flow increased $79.1 million to $36.5 million. - Capital expenditures were -$19.1 million in 2026, compared to -$8.2 million in 2025. ### Liquidity and Capital Resources (As of June 30, 2026) - People Incorporated had $1.1 billion in cash and cash equivalents, with $330 million held at People Incorporated. - The company had $1.4 billion in long-term debt. - The company owned 66.8 million shares of MGM, valued at $3.0 billion as of July 31, 2026. ### Other Key Metrics - Total Sessions decreased -23% to 1,891 million in Q2 2026, and Core Sessions decreased -22% to 1,707 million in Q2 2026. - The income tax provision for Q2 2026 was $177.3 million, with an effective tax rate of 26%. - The Board of Directors authorized the repurchase of an additional 10 million shares of common stock. ### Full Year 2026 Outlook People Incorporated expects total Adjusted EBITDA for fiscal year 2026 to be between $255 million and $290 million, with operating income projected to be between $15 million and $80 million. The company anticipates mid-to-high single-digit growth for both Digital revenue and Digital Adjusted EBITDA in the People Incorporated segment. ### Related Stocks - [PPLI.US](https://longbridge.com/en/quote/PPLI.US.md) ## Related News & Research - [People Incorporated to Participate in the Goldman Sachs Communicopia + Technology Conference 2026 | PPLI Stock News](https://longbridge.com/en/news/297825418.md) - [People Incorporated to Participate in the Citi 2026 Global TMT Conference | PPLI Stock News](https://longbridge.com/en/news/297825024.md) - [People Incorporated CFO Quinn to speak at Oppenheimer Technology, Internet & Communications Conference](https://longbridge.com/en/news/295015162.md) - [Blackledge Boosts People Incorporated Price Target to $70 on Strong EBITDA Momentum and Digital Growth, Reaffirming Buy Rating](https://longbridge.com/en/news/294882327.md) - [People Incorporated Shareholders Back Directors and Governance Actions](https://longbridge.com/en/news/293076440.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**