---
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)
---

# 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)

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