Company research
People Inc
CIK 1800227Updated Sep 24, 2026
SecurityPPLI · NASDAQ · equity
Name history
IAC Inc. · through Jun 2, 2026IAC/InterActiveCorp · through Aug 9, 2022IAC Holdings, Inc. · through Jul 1, 2020
PPLI price & chart
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NASDAQ:PPLI on TradingView ↗About the company
People Incorporated is the owner of America’s largest publisher, People Inc., home to more than 40 celebrated brands including PEOPLE, Food & Wine, Travel + Leisure, InStyle, Better Homes & Gardens, and Southern Living, attracting a total of 175 million consumers each month. The company also holds a significant minority stake in MGM Resorts International, reflecting our belief in the power and potential of businesses built around enduring consumer brands and iconic, real-world experiences.
In the news
IAC is Now People Incorporated with New Ticker Symbol ↗
Recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 7,130,729,000Source | 9,547,160,000Source | 10,371,177,000Source | 10,393,635,000Source |
| Property, Plant and Equipment, NetUSD | 287,393,000Source | 392,761,000Source | 455,281,000Source | 510,614,000Source |
| GoodwillUSD | 1,791,475,000Source | 2,877,078,000Source | 3,024,266,000Source | 3,030,168,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 465,860,000Source | 722,135,000Source | 874,705,000Source | 1,170,041,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 960,211,000Source | 1,798,170,000Source | 1,297,445,000Source | 1,417,390,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 448,814,000Source | 519,690,000Source | 536,650,000Source | 607,809,000Source |
| Assets, CurrentUSD | 1,544,750,000Source | 2,485,035,000Source | 2,240,592,000Source | 2,561,135,000Source |
| Operating Lease, Right-of-Use AssetUSD | 158,630,000Source | 255,177,000Source | 299,597,000Source | 428,160,000Source |
| Other Assets, NoncurrentUSD | 230,153,000Source | 388,945,000Source | 473,267,000Source | 625,774,000Source |
| LIABILITIES AND EQUITY | ||||
| Stockholders’ equity: | ||||
| Retained Earnings (Accumulated Deficit)USD | -643,000,000Source | -538,974,000Source | 923,000Source | -265,019,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -11,842,000Source | -11,396,000Source | -10,942,000Source | -13,133,000Source |
| Stockholders' Equity Attributable to ParentUSD | 4,733,827,000Source | 5,577,898,000Source | 6,077,861,000Source | 5,931,614,000Source |
| Additional Paid in Capital, Common StockUSD | 5,959,692,000Source | 6,380,700,000Source | 6,340,312,000Source | 6,295,080,000Source |
| Liabilities and EquityUSD | 7,130,729,000Source | 9,547,160,000Source | 10,371,177,000Source | 10,393,635,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 560,867,000Source | 886,192,000Source | 950,490,000Source | 1,079,988,000Source |
| Operating Lease, Liability, CurrentUSD | 39,506,000Source | 62,055,000Source | 68,126,000Source | 67,192,000Source |
| Operating Lease, Liability, NoncurrentUSD | 160,451,000Source | 344,654,000Source | 401,118,000Source | 518,851,000Source |
| Deferred Income Tax Liabilities, NetUSD | 148,602,000Source | 13,867,000Source | 164,612,000Source | 76,276,000Source |
| Other Liabilities, NoncurrentUSD | 230,913,000Source | 410,866,000Source | 474,540,000Source | 617,842,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 29,932,000Source | 701,075,000Source | 677,142,000Source | 640,920,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 448,533,000Source | 680,633,000Source | 671,527,000Source | 759,759,000Source |
| Deferred Tax Liabilities, NetUSD | 147,105,000Source | — | 162,936,000Source | 74,739,000Source |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 24,500,000Source | 35,000,000Source | 30,000,000Source | 30,000,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 1,401,324,000Source | 1,931,847,000Source | 1,993,154,000Source | 2,019,760,000Source |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | 25,264,000Source | 25,415,000Source | 33,378,000Source | 27,235,000Source |
| Short-term InvestmentsUSD | — | 0Source | 148,998,000Source | 239,373,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -101,470,000Source | -533,330,000Source | 258,317,000Source | -1,192,455,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -14,166,000Source | 51,783,000Source | 37,296,000Source | 66,706,000Source |
| Deferred Income Tax Expense (Benefit)USD | 27,596,000Source | -181,037,000Source | 88,792,000Source | -337,758,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | 354,518,000Source | — | — |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | 0Source | 0Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | 276,825,000Source | — | — |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 1,591,000Source | -985,000Source | -9,902,000Source | -15,901,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 19,201,000Source | 65,506,000Source | 141,364,000Source | 139,753,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 79,996,000Source | — | — | — |
| Payments for Repurchase of Common StockUSD | 315,041,000Source | — | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | -129,099,000Source | — | — |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | 43,000Source | -1,921,000Source | -8,000Source | 4,975,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -820,424,000Source | 501,014,000Source | -119,828,000Source | -695,795,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 986,831,000Source | 1,807,255,000Source | 1,306,241,000Source | 1,426,069,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 115,584,000Source | 150,610,000Source | 156,172,000Source | 98,150,000Source |
| Income Taxes Paid, NetUSD | 9,504,000Source | — | — | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 32,313,000Source | 112,523,000Source | 117,181,000Source | 123,476,000Source |
| Amortization of Intangible AssetsUSD | 93,115,000Source | 144,506,000Source | 295,970,000Source | 307,718,000Source |
| DepreciationUSD | 37,510,000Source | 126,890,000Source | 175,096,000Source | 130,986,000Source |
| Depreciation, NonproductionUSD | 37,510,000Source | 126,890,000Source | 175,096,000Source | 130,986,000Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | — | — | 0Source | 0Source |
| Equity Securities, FV-NI, Unrealized Gain (Loss)USD | — | — | -300,000Source | 20,300,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | -2,588,000Source | 1,528,000Source | -8,503,000Source |
| Gain (Loss) on Disposition of AssetsUSD | — | 29,200,000Source | — | — |
| Gain (Loss) on Termination of LeaseUSD | -100,000Source | 2,200,000Source | -200,000Source | 3,300,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | 0Source | 0Source |
| General and Administrative ExpenseUSD | 418,523,000Source | 817,658,000Source | 891,958,000Source | 977,274,000Source |
| GoodwillUSD | 1,791,475,000Source | 2,877,078,000Source | 3,024,266,000Source | 3,030,168,000Source |
| Goodwill, Impairment LossUSD | 207,451,000Source | 0Source | 9,000,000Source | 112,753,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -116,757,000Source | -533,330,000Source | 258,317,000Source | -1,195,149,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 15,287,000Source | 0Source | 0Source | 2,694,000Source |
| Income Tax Expense (Benefit)USD | 34,848,000Source | -159,069,000Source | 108,818,000Source | -331,087,000Source |
| InterestExpenseNonoperatingUSD | 120,027,000Source | 155,888,000Source | — | — |
| Inventory Write-downUSD | — | — | 400,000Source | 400,000Source |
| Net Income (Loss) Attributable to ParentUSD | -104,026,000Source | -539,897,000Source | 265,942,000Source | -1,170,170,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 2,556,000Source | 6,567,000Source | -7,625,000Source | -22,285,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -104,026,000Source | -539,897,000Source | 256,726,000Source | -1,170,170,000Source |
| Nonoperating Income (Expense)USD | 16,359,000Source | 116,897,000Source | 63,862,000Source | -217,785,000Source |
| Operating Lease, Impairment LossUSD | — | 7,200,000Source | 48,900,000Source | 2,300,000Source |
| Other Nonoperating Income (Expense)USD | 7,216,000Source | -100,000Source | 7,595,000Source | -4,238,000Source |
| Payments of Financing CostsUSD | 12,937,000Source | — | — | — |
| Proceeds from Stock Options ExercisedUSD | — | 0Source | 130,000Source | 0Source |
| Restructuring CostsUSD | — | -201,000Source | -525,000Source | 80,238,000Source |
| Restructuring Costs and Asset Impairment ChargesUSD | — | — | — | 80,200,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | 0Source | 20,393,000Source | 2,832,000Source | -62,495,000Source |
| Unrealized Gain (Loss) on InvestmentsUSD | 119,175,000Source | -649,178,000Source | 721,668,000Source | -723,515,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 2,393,189,000Source | 3,807,233,000Source | 4,365,235,000Source | 5,235,280,000Source |
| Cost of RevenueUSD | 809,765,000Source | 1,059,990,000Source | 1,343,254,000Source | 1,922,697,000Source |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Operating Income (Loss)USD | -97,416,000Source | -4,230,000Source | -260,763,000Source | -474,771,000Source |
| Other Nonoperating Income (Expense)USD | 7,216,000Source | -100,000Source | 7,595,000Source | -4,238,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -81,909,000Source | -692,399,000Source | 367,135,000Source | -1,526,236,000Source |
| Income Tax Expense (Benefit)USD | 34,848,000Source | -159,069,000Source | 108,818,000Source | -331,087,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 2,556,000Source | 6,567,000Source | -7,625,000Source | -22,285,000Source |
| Net Income (Loss) Attributable to ParentUSD | -104,026,000Source | -539,897,000Source | 265,942,000Source | -1,170,170,000Source |
| Earnings Per Share, BasicUSD per share | -1.3Source | -6.49Source | 3.07Source | -13.55Source |
| Earnings Per Share, DilutedUSD per share | -1.3Source | -6.49Source | 2.97Source | -13.55Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 80,077,000Source | 83,130,000Source | 83,569,000Source | 86,350,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 80,077,000Source | 83,130,000Source | 86,464,000Source | 86,350,000Source |
| Interest Expense (non-operating)USD | 120,027,000Source | 155,888,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 93,115,000Source | 144,506,000Source | 295,970,000Source | 307,718,000Source |
| Costs and ExpensesUSD | 2,490,605,000Source | 3,811,463,000Source | 4,625,998,000Source | 5,710,051,000Source |
| Current Income Tax Expense (Benefit)USD | 7,252,000Source | 21,968,000Source | 20,026,000Source | 6,671,000Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | — | — | 0Source | 0Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | -2,588,000Source | 1,528,000Source | -8,503,000Source |
| General and Administrative ExpenseUSD | 418,523,000Source | 817,658,000Source | 891,958,000Source | 977,274,000Source |
| Goodwill, Impairment LossUSD | 207,451,000Source | 0Source | 9,000,000Source | 112,753,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -85,000,000Source | -719,791,000Source | 353,188,000Source | -1,320,332,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -116,757,000Source | -533,330,000Source | 258,317,000Source | -1,195,149,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | -1.46Source | -6.49Source | 3.07Source | -13.58Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | -1.46Source | -6.49Source | 2.97Source | -13.58Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 15,287,000Source | 0Source | 0Source | 2,694,000Source |
| Interest ExpenseUSD | — | — | 157,632,000Source | 110,165,000Source |
| Interest Income, OtherUSD | 46,580,000Source | 86,495,000Source | 71,114,000Source | 24,916,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -104,026,000Source | -539,897,000Source | 256,726,000Source | -1,170,170,000Source |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, BasicUSD | -117,065,000Source | -539,897,000Source | 256,726,000Source | -1,172,864,000Source |
| Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost ComponentUSD | — | -5,656,000Source | -139,000Source | 206,422,000Source |
| Nonoperating Income (Expense)USD | 16,359,000Source | 116,897,000Source | 63,862,000Source | -217,785,000Source |
| Research and Development ExpenseUSD | 196,021,000Source | 323,687,000Source | 334,491,000Source | 332,873,000Source |
| Restructuring CostsUSD | — | -201,000Source | -525,000Source | 80,238,000Source |
| Selling and Marketing ExpenseUSD | 728,220,000Source | 1,338,732,000Source | 1,576,229,000Source | 1,925,750,000Source |
Filing attachments
tm2626049d1_ex99-1.htm · 8-K · 2026-09-24
Exhibit 99.1 PEOPLE INCORPORATED WITHDRAWS PROPOSAL TO PURCHASE ALL PUBLIC SHARES OF MGM RESORTS INTERNATIONAL NEW YORK - September 23, 2026 - Today People Incorporated (NASDAQ: PPLI) announced it has withdrawn its proposal to purchase all public shares of MGM Resorts International. People Incorporated Chairman and Senior Executive Barry Diller said, “There are lots of ingredients that go into a proposal of this kind on its way to completion. We didn’t feel the mix was coming together in the …
Read attachment ↗tm2618180d1_ex99-1.htm · 8-K · 2026-06-22
EX-99.1 2 tm2618180d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 STRICTLY CONFIDENTIAL VOTING AGREEMENT This Voting Agreement (this “ Agreement ”) is made and entered into as of June 22, 2026 by and among People Incorporated, a Delaware corporation (the “ Company ”), Barry Diller, an individual (“ Mr. Diller ”), Alexander von Furstenberg, an individual (“ Mr. von Furstenberg ”), Diane von Furstenberg, an individual (“ Ms. von Furstenberg ” and, together with Mr. Diller and Mr. von Furstenberg, …
Read attachment ↗tm2616766d1_ex99-1.htm · 8-K · 2026-06-04
EX-99.1 4 tm2616766d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 IAC is Now People Incorporated with New Ticker Symbol Shares will begin trading under new Nasdaq stock symbol “PPLI” effective at market open today NEW YORK - June 4, 2026 - Today People Incorporated, formerly IAC (Nasdaq: IAC), announced its legal name change and that the Company’s common stock, listed on the Nasdaq Capital Market, will begin trading under the new ticker symbol PPLI, effective at market open today June 4, 2026. P…
Read attachment ↗tm2616473d3_ex99-1.htm · 8-K · 2026-06-01
EX-99.1 2 tm2616473d3_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 PEOPLE INCORPORATED PROPOSES TO ACQUIRE MGM RESORTS INTERNATIONAL FOR $48.30 PER SHARE IN CASH NEW YORK, June 1, 2026 - People Incorporated, previously IAC (NASDAQ: IAC), announced today that it has submitted a non-binding proposal to the Board of Directors of MGM Resorts International (NYSE: MGM) to acquire all outstanding shares of MGM that People Incorporated does not already own for $48.30 per share in cash. This proposal repr…
Read attachment ↗tm2612831d1_ex99-1.htm · 8-K · 2026-04-28
EX-99.1 4 tm2612831d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Letter from Barry Diller to IAC Shareholders: IAC Announces Name Change to People Incorporated NEW YORK - April 28, 2026―IAC (NASDAQ: IAC) today announced the company is changing its name to People Incorporated as it continues to sharpen its focus on its People Inc. publishing business and its investment in MGM Resorts International. The name change is expected to occur by the company’s second quarter earnings in August. IAC Chai…
Read attachment ↗tm2611031d2_ex99-1.htm · 8-K · 2026-04-07
EX-99.1 2 tm2611031d2_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Execution Version VOTING AGREEMENT This Voting Agreement (this “Agreement”) is made and entered into as of April 3, 2026 by and among MGM Resorts International, a Delaware corporation (the “Company”), IAC Inc., a Delaware corporation (“IAC”), and Barry Diller, an individual (“Mr. Diller”). Each of the Company, IAC and Mr. Diller is referred to herein as a “Party” and, collectively, as the “Parties”. WHEREAS, as of the date hereof…
Read attachment ↗