People Incorporated Q2 net earnings more than double to $506.9 million; revenue falls 1% to $436.7 million
Reuters2026/08/03 20:09- People Incorporated posted Q2 GAAP net earnings of USD 506.9 million, more than doubled, with diluted EPS of USD 6.68.
- GAAP operating loss widened to USD 14.3 million, while revenue dipped 1% to USD 436.7 million.
- Non-GAAP adjusted EBITDA rose 15% to USD 55.9 million; Digital revenue increased 6% to USD 289.9 million, while Print revenue fell 16% to USD 132.6 million.
- Core Sessions dropped 22% to 1,707 million, citing the growing prominence of Google AI Overviews in search results.
- Board authorized repurchase of an additional 10 million shares; CEO transition to Neil Vogel and CFO transition to Timothy Quinn set for Aug. 5.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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