Nov 2, 4:07 PM ET
People Incorporated (NASDAQ: PPLI) reported third-quarter 2026 revenue of $430.8 million, down 4% from $447.1 million a year earlier, and a net loss attributable to shareholders of $687.5 million, or $9.15 per diluted share, versus a loss of $21.9 million, or $0.27 per share, in Q3 2025. The loss was driven mainly by a $1,119.9 million unrealized loss on its MGM Resorts investment, while the operating loss narrowed to $3.0 million from $27.2 million and Adjusted EBITDA was $54.8 million, down 1%.
- Q3 2026 revenue was $430.8 million, down 4%; Digital revenue rose 2% to $288.5 million while Print revenue fell 16% to $127.6 million.
- Net loss attributable to shareholders was $687.5 million, or $9.15 per diluted share, compared with $21.9 million, or $0.27 per share, in Q3 2025.
- Full-year 2026 Total Adjusted EBITDA outlook is $263-$283 million, and the company had 12.5 million shares remaining under its repurchase authorizations as of October 30, 2026.
Read the filing on SEC.gov ↗
Oct 28, 9:11 AM ET
People Incorporated, Barry Diller and MGM Resorts International amended their April 3, 2026 Voting Agreement on October 27, 2026. The amendment caps People and Mr. Diller's combined MGM ownership at 29.9% of common stock, adds voting and anti-defense commitments, and clarifies when a change of control occurs.
- Covered Entities may hold up to 29.9% of MGM's outstanding common stock, with exceptions for MGM-driven share reductions
- Voting obligation applies above a 25.73% voting power threshold on non-change-of-control matters
- MGM agreed not to adopt defensive measures primarily aimed at the Covered Entities, and a majority-stake acquisition by them is not a change of control unless the Board approves it
Read the filing on SEC.gov ↗
Aug 3, 4:09 PM ET
People Incorporated reported Q2 2026 revenue of $436.7 million, down 1% from a year earlier, and an operating loss of $14.3 million, wider than the $7.5 million loss in Q2 2025. Net earnings attributable to shareholders rose to $506.9 million, or $6.68 per diluted share, mainly because of a $721.7 million unrealized gain on its MGM Resorts stake. The company also named Neil Vogel as CEO and Timothy Quinn as CFO, effective August 5, 2026.
- Revenue was $436.7 million, down 1% from $443.2 million in Q2 2025; Adjusted EBITDA rose 15% to $55.9 million.
- Operating loss was $14.3 million, compared with $7.5 million in Q2 2025.
- Net earnings attributable to shareholders were $506.9 million, or $6.68 per diluted share, versus $2.57 a year earlier, including a $721.7 million unrealized MGM gain.
- Board approved 10 million additional share repurchases on June 16, 2026; 12.5 million shares remained under the authorization as of July 31, 2026.
Read the filing on SEC.gov ↗
Jun 22, 4:06 PM ET
On June 22, 2026, People entered a Voting Agreement with Barry Diller, Diane von Furstenberg and Alexander von Furstenberg, who have or may be deemed to have the right to direct voting of about 46.4% of People's outstanding voting power. The agreement requires shares above 48.5% of voting power to be voted in the same proportion as other stockholders, and the Board approved authorization to repurchase an additional 10 million shares, though People is not currently repurchasing shares.
- Voting Agreement parties have or may be deemed to have voting control over about 46.4% of People's voting power; shares above 48.5% must vote proportionally with other holders.
- The agreement terminates automatically if the parties and their affiliates own less than 30% of voting power or if a change of control occurs.
- The Board authorized repurchase of an additional 10 million shares of People Common Stock; People is not currently conducting repurchases.
- Christopher Currier was appointed Chief Accounting Officer effective June 16, 2026, succeeding Michael H. Schwerdtman, who retired.
Read the filing on SEC.gov ↗
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