People Inc 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION13 OR15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the Quarterly Period Ended June 30, 2026Or People Incorporated (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction ofincorporation or organization) 555 West 18thStreet, New York, New York 10011(Address of registrant’s principal executive offices)(212)314-7300(Registrant’s telephone number, including area code) Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or15(d) of the Securities Exchange Act of1934 during thepreceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of RegulationS-T(§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growthcompany. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smallerreporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No☒ As of July31, 2026, the following shares of the registrant’s common stock were outstanding: Common Stock68,674,426Class B common stock5,789,499Total74,463,925 TABLE OF CONTENTS PART I Item1.Consolidated Financial StatementsConsolidated Balance SheetConsolidated Statement of OperationsConsolidated Statement of Comprehensive OperationsConsolidated Statement of Shareholders' EquityConsolidated Statement of Cash FlowsNotes to Consolidated Financial StatementsNote 1—The Company and Summary of Significant Accounting PoliciesNote 2—Financial Instruments and Fair Value MeasurementsNote 3—Long-term DebtNote 4—Shareholders' EquityNote 5—Accumulated Other Comprehensive LossNote 6—Segment InformationNote 7—Pension and Post-Retirement Benefit PlansNote 8—Income TaxesNote 9—Earnings (Loss) Per ShareNote 10—Financial Statement DetailsNote 11—ContingenciesNote 12—Related Party TransactionsNote 13—Discontinued OperationsNote 14—People Inc. Financial InformationNote 15—Subsequent EventItem 2.Management's Discussion and Analysis of Financial Condition and Results of OperationsItem3.Quantitative and Qualitative Disclosures About Market RiskItem4.Controls and ProceduresPART IIItem 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 5.Other InformationItem 6.ExhibitsSignatures PEOPLE INCORPORATED AND SUBSIDIARIESCONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITYThree and six months ended June30, 2025(Unaudited) PEOPLE INCORPORATED AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) NOTE 1—THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Company Overview On June 4, 2026, IAC Inc. changed its name to People Incorporated (NASDAQ: PPLI), which is the owner of publisher, People Inc.Group. People Incorporated also holds a significant minority stake in MGM Resorts International (“MGM”). On June 30, 2026, Dotdash Meredith Inc. amended and restated its certificate of incorporation to change its name to People Inc. Group.As used herein, “People Inc.” refers to People Inc. Group. As used herein, “People Incorporated,” the “Company,” “we,” “our,” “us” and other similar terms refer to People Incorporated and itssubsidiaries (unless the context requires otherwise). Proposed Acquisition of MGM On June 1, 2026, the Company announced that it submitted a non-binding proposal to the board of directors of MGM to acquire alloutstanding shares of MGM that the Company does not already own for $48.30 per share in cash. The Company reserves the right to withdrawor modify the proposal at any time, or to terminate discussions and negotiations at any time in our sole discretion. No legal obligation withrespect to our proposal or any other matter will arise unless and until we have executed definitive transaction documentation with MGM. Corporate Restructuring On April 28, 2026, the Company initiated a plan to consolidate its corporate functions with those of People Inc. through a reduction inworkforce, technology integrations and other cost-saving