People Inc. Q2 net earnings $507 million on MGM gain; operating loss widens to $14 million
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:49 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 03, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.