People (PPLI)
Market Price (11/5/2026): $41.9 | Market Cap: $3.1 BilSector: Communication Services | Industry: Interactive Media & Services
People (PPLI)
Market Price (11/5/2026): $41.9Market Cap: $3.1 BilSector: Communication ServicesIndustry: Interactive Media & Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Low stock price volatilityVol 12M is 35% | Weak multi-year price returns2Y Excs Rtn is -48%, 3Y Excs Rtn is -83% Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 11.04, Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 15% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.9%, Rev Chg QQuarterly Revenue Change % is -3.6% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -16% Key risksPPLI key risks include [1] intense competition across its diverse portfolio of digital businesses and [2] the operational and integration challenges inherent in its strategy of managing a complex portfolio through acquisitions and divestitures. |
| Low stock price volatilityVol 12M is 35% |
| Weak multi-year price returns2Y Excs Rtn is -48%, 3Y Excs Rtn is -83% |
| Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 11.04, Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 15% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.9%, Rev Chg QQuarterly Revenue Change % is -3.6% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -16% |
| Key risksPPLI key risks include [1] intense competition across its diverse portfolio of digital businesses and [2] the operational and integration challenges inherent in its strategy of managing a complex portfolio through acquisitions and divestitures. |
Qualitative Assessment
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People (PPLI) stock has remained largely at the same level since 7/31/2026 because of the following key factors:
1. Massive Unrealized Loss from MGM Resorts Investment.
People Incorporated reported a net loss of $687.5 million in fiscal Q3 2026, a significant increase from the $21.9 million loss in Q3 2025. This substantial loss was primarily driven by a $1.12 billion unrealized loss on its investment in MGM Resorts International during the quarter. This non-cash charge significantly impacted the company's reported earnings per share, which was a GAAP loss of $9.15, well below the analysts' consensus estimate of -$0.19.
2. Underperforming Core Media Business with AI Headwinds.
The company's core media business faced significant headwinds, with total revenue declining 4% year-over-year to $430.8 million in fiscal Q3 2026, falling short of analyst estimates. This decline was largely attributed to accelerated pressure on session-based digital advertising revenue, as core web sessions dropped 26% year-over-year. Management linked this decline to the growing impact of AI-oriented search and content discovery, particularly Google's AI Overviews, affecting a substantial portion of search queries.
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People (PPLI) stock has remained largely at the same level since 7/31/2026 because of the following key factors:
1. Massive Unrealized Loss from MGM Resorts Investment.
People Incorporated reported a net loss of $687.5 million in fiscal Q3 2026, a significant increase from the $21.9 million loss in Q3 2025. This substantial loss was primarily driven by a $1.12 billion unrealized loss on its investment in MGM Resorts International during the quarter. This non-cash charge significantly impacted the company's reported earnings per share, which was a GAAP loss of $9.15, well below the analysts' consensus estimate of -$0.19.
2. Underperforming Core Media Business with AI Headwinds.
The company's core media business faced significant headwinds, with total revenue declining 4% year-over-year to $430.8 million in fiscal Q3 2026, falling short of analyst estimates. This decline was largely attributed to accelerated pressure on session-based digital advertising revenue, as core web sessions dropped 26% year-over-year. Management linked this decline to the growing impact of AI-oriented search and content discovery, particularly Google's AI Overviews, affecting a substantial portion of search queries.
3. Strategic Financial Maneuvers and Capital Returns.
Despite operational and investment losses, People Incorporated undertook strategic financial actions that likely provided some stability to the stock. On August 4, 2026, the company completed a fund-stake sale, generating $185.1 million in net proceeds and recording a $174.9 million pre-tax gain. Additionally, management has been actively repurchasing shares, with 12.5 million shares remaining under authorization as of September 30, 2026, and initiated a 6% workforce reduction in October 2026 aimed at improving cost efficiency.
4. Mixed Analyst Sentiment and Valuation Perception.
Following the fiscal Q3 2026 earnings report, several analysts revised their price targets downward for People Incorporated. However, many maintained "Buy" or "Hold" ratings, with an average price target still implying potential upside from the stock's prevailing levels. This mixed analyst sentiment, alongside the perception by some that the company's non-MGM private holdings are undervalued, contributed to preventing a more severe downturn in the stock's price despite the challenging quarterly results.
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Stock Movement Drivers
Fundamental Drivers
The 1.0% change in PPLI stock from 7/31/2026 to 11/4/2026 was primarily driven by a 2.2% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 7312026 | 11042026 | Change |
|---|---|---|---|
| Stock Price ($) | 41.57 | 41.99 | 1.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,405 | 2,382 | -0.9% |
| P/S Multiple | 1.3 | 1.3 | -0.2% |
| Shares Outstanding (Mil) | 77 | 75 | 2.2% |
| Cumulative Contribution | 1.0% |
Market Drivers
7/31/2026 to 11/4/2026| Return | Correlation | |
|---|---|---|
| PPLI | 1.0% | |
| Market (SPY) | 2.6% | 39.5% |
| Sector (XLC) | -3.0% | 39.0% |
Fundamental Drivers
The -5.8% change in PPLI stock from 4/30/2026 to 11/4/2026 was primarily driven by a -6.0% change in the company's P/S Multiple.| (LTM values as of) | 4302026 | 11042026 | Change |
|---|---|---|---|
| Stock Price ($) | 44.56 | 41.99 | -5.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,464 | 2,382 | -3.3% |
| P/S Multiple | 1.4 | 1.3 | -6.0% |
| Shares Outstanding (Mil) | 78 | 75 | 3.7% |
| Cumulative Contribution | -5.8% |
Market Drivers
4/30/2026 to 11/4/2026| Return | Correlation | |
|---|---|---|
| PPLI | -5.8% | |
| Market (SPY) | 7.0% | 25.4% |
| Sector (XLC) | -9.7% | 41.5% |
Fundamental Drivers
The 30.3% change in PPLI stock from 10/31/2025 to 11/4/2026 was primarily driven by a 17.3% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 11042026 | Change |
|---|---|---|---|
| Stock Price ($) | 32.22 | 41.99 | 30.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,288 | 2,382 | 4.1% |
| P/S Multiple | 1.1 | 1.3 | 17.3% |
| Shares Outstanding (Mil) | 80 | 75 | 6.8% |
| Cumulative Contribution | 30.3% |
Market Drivers
10/31/2025 to 11/4/2026| Return | Correlation | |
|---|---|---|
| PPLI | 30.3% | |
| Market (SPY) | 13.4% | 34.1% |
| Sector (XLC) | -7.8% | 41.2% |
Fundamental Drivers
The -1.3% change in PPLI stock from 10/31/2023 to 11/4/2026 was primarily driven by a -49.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 10312023 | 11042026 | Change |
|---|---|---|---|
| Stock Price ($) | 42.55 | 41.99 | -1.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,743 | 2,382 | -49.8% |
| P/S Multiple | 0.7 | 1.3 | 77.7% |
| Shares Outstanding (Mil) | 83 | 75 | 10.6% |
| Cumulative Contribution | -1.3% |
Market Drivers
10/31/2023 to 11/4/2026| Return | Correlation | |
|---|---|---|
| PPLI | -1.3% | |
| Market (SPY) | 89.7% | 44.7% |
| Sector (XLC) | 67.3% | 43.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| PPLI Return | -31% | -66% | 18% | -18% | -9% | 7% | -78% |
| Peers Return | 13% | -25% | 42% | -4% | 9% | -5% | 19% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 102% |
Monthly Win Rates [3] | |||||||
| PPLI Win Rate | 33% | 25% | 58% | 33% | 50% | 64% | |
| Peers Win Rate | 60% | 42% | 68% | 52% | 55% | 51% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 36% | |
Max Drawdowns [4] | |||||||
| PPLI Max Drawdown | -53% | -70% | -40% | -28% | -37% | -25% | |
| Peers Max Drawdown | -26% | -42% | -23% | -27% | -26% | -34% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: NYT, NWSA, YELP, BFAM, SCHL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/4/2026 (YTD)
How Low Can It Go
| Event | PPLI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -29.9% | -18.8% |
| % Gain to Breakeven | 42.6% | 23.1% |
| Time to Breakeven | 450 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -44.6% | -33.7% |
| % Gain to Breakeven | 80.7% | 50.9% |
| Time to Breakeven | 47 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -21.7% | -19.2% |
| % Gain to Breakeven | 27.7% | 23.8% |
| Time to Breakeven | 48 days | 105 days |
In The Past
People's stock fell -29.9% during the 2025 US Tariff Shock. Such a loss loss requires a 42.6% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | PPLI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -29.9% | -18.8% |
| % Gain to Breakeven | 42.6% | 23.1% |
| Time to Breakeven | 450 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -44.6% | -33.7% |
| % Gain to Breakeven | 80.7% | 50.9% |
| Time to Breakeven | 47 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -21.7% | -19.2% |
| % Gain to Breakeven | 27.7% | 23.8% |
| Time to Breakeven | 48 days | 105 days |
In The Past
People's stock fell -29.9% during the 2025 US Tariff Shock. Such a loss loss requires a 42.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About People (PPLI)
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The key risks for People (symbol: PPLI), which operates as a diversified media and internet company, are primarily driven by the highly competitive and dynamic nature of its various digital segments, its reliance on digital advertising, and the complexities inherent in managing a broad portfolio of businesses.
- Intense Competition Across Diversified Digital Segments: People operates across numerous highly competitive digital markets, including digital publishing (e.g., PEOPLE, Food & Wine), home services (Angi), care services (Care.com), and search (Ask.com). Each of these segments faces intense competition from established players, numerous startups, and evolving consumer preferences, which can challenge market share, user acquisition, and pricing power across its diverse offerings.
- Sensitivity to Digital Advertising Market Fluctuations and Platform Changes: A substantial portion of People's revenue, particularly from its digital content, publishing, and search properties, is derived from advertising and performance marketing. This exposes the company to risks associated with macroeconomic downturns impacting advertising spending, changes in internet search engine algorithms that can affect traffic and visibility, and evolving data privacy regulations that may limit ad targeting capabilities and effectiveness.
- Operational and Integration Risks Associated with its Multi-Faceted Business Strategy: People, formerly IAC/InterActiveCorp, has a history of building and managing a diverse portfolio of businesses through acquisitions and divestitures, as exemplified by its significant minority stake in MGM Resorts International. This strategy carries inherent risks related to successfully integrating new businesses, effectively allocating capital across varied segments, and making sound strategic decisions, such as large acquisition bids that can impact investor confidence and financial performance.
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The rapid integration of generative artificial intelligence (AI) into dominant search engines and content creation platforms poses a significant threat. This could fundamentally alter how users find information, potentially making IAC's traditional search properties (Ask.com, Reference.com, Consumersearch.com) less relevant. Concurrently, the increasing capability of AI to generate high-quality content could intensify competition and devalue human-created content, thereby threatening IAC's digital content publishing arm (articles, illustrations, videos, magazines, The Daily Beast).
Another emerging threat comes from large retail chains, particularly in the home improvement sector, increasingly expanding their direct-to-consumer home service offerings. By leveraging their established customer base and brand trust, these retailers can provide competing services directly to consumers, thereby bypassing and threatening the marketplace model of IAC's Angi (Angi Ads, Angi Leads, Angi Services) brands.
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For the public company People (symbol: PPLI), which operates as IAC/InterActiveCorp, the addressable markets for its main products and services are sized as follows:
- Home Services (Angi): The total addressable market for home services in the U.S. was estimated at $657 billion in 2022 by Angi's own report. More recently, in February 2026, U.S. spending on home services was approximately $700 billion. The U.S. home services market was valued at USD 842.04 billion in 2026 and is projected to reach USD 989.22 billion by 2031.
- Family Care Services (Care.com): The addressable market for family care in the U.S. was estimated at $300 billion as of 2020.
- Digital Content and Media (publishing, content sites like The Daily Beast): The global digital media market size was valued at USD 1,120 billion in 2025 and is expected to reach USD 3,850 billion by 2035. North America accounted for approximately 38% of the global digital media market.
- Online Staffing and Recruitment (Bluecrew, Vivian Health): The global online recruitment market size was valued at USD 40.57 billion in 2025 and is expected to reach USD 103.33 billion by 2035. The global on-demand staffing market was valued at $74.6 billion in 2025 and is projected to reach $178.4 billion by 2034. The global gig economy market, a broader category, is valued at $674.1 billion in 2026.
- Subscription Mobile Applications: Global consumer spending on subscription apps is estimated at around $205–210 billion in 2026. The global mobile application market size is estimated to reach $378 billion in 2026.
- Feature Film Production: The global film and video production market stood at USD 316.37 billion in 2026 and is projected to reach USD 443.67 billion by 2035.
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Expected Drivers of Future Revenue Growth for People Incorporated (PPLI)
People Incorporated (PPLI), formerly IAC/InterActiveCorp, is focusing on several key areas to drive revenue growth over the next 2-3 years, including the strategic expansion of its digital publishing arm, a significant transformation within its home services segment, and increased strategic involvement with MGM Resorts International.
1. Expansion of Dotdash Meredith's Digital Revenue
People Incorporated's publishing segment, Dotdash Meredith, is projected to achieve mid- to high-single-digit digital revenue growth in 2026. This growth is expected to be driven by a sharpened focus and increased investment in its core digital brands, such as People, Allrecipes, Health, InStyle, Martha Stewart, and Verywell Mind. The company's strategy emphasizes high-quality, fast-loading content and a business model that prioritizes user engagement by reducing intrusive advertisements. Furthermore, the innovative, cookie-independent ad targeting solution, D/Cipher, is enhancing ad performance and expanding audience reach, contributing significantly to digital advertising revenue. Social-first storytelling and branded entertainment are also playing a role in scaling these core brands.
2. Angi's Strategic Pivot to Transactional Services and AI-Driven Efficiencies
Angi, the company's home services marketplace, is undergoing a significant strategic shift from a lead-referral model to a transactional services model, aiming to capture more of the overall project value in categories like cleaning and HVAC. This pivot is expected to contribute to a return to mid-single-digit revenue growth, projected to begin in 2025 or 2026. Key initiatives include scaling marketplace liquidity, implementing AI-driven matching for improved efficiency, and rolling out recurring maintenance subscriptions to boost customer lifetime value. Angi is also adopting an "AI-first" operating model to automate workflows for professionals, with an ambitious long-term goal to reach $5 billion in revenue. Strategic retail partnerships, such as those with Walmart and Lowe's, for point-of-sale booking of installation services, are also anticipated to drive growth.
3. Increased Strategic Involvement with MGM Resorts International
People Incorporated holds a significant minority stake in MGM Resorts International and recently made a non-binding proposal to acquire a controlling interest, aiming for just over 50.1% ownership. This increased strategic involvement is based on the belief that MGM's "real world assets" are resilient to AI disruption and offer "exceptional digital growth opportunities," particularly in online gaming through ventures like BetMGM. While the direct revenue impact on People Incorporated depends on the finalization of any acquisition, a controlling stake would lead to a larger share of MGM's financial performance being reflected in People Incorporated's results, leveraging MGM's strong revenue performance, including its record net revenue in Q1 2026.
4. Cost Reduction and Operational Streamlining
The company is undergoing a corporate consolidation and streamlining of its operations, focusing on core assets and divesting non-core businesses like Care.com and the search segment. These actions are expected to generate over $40 million in annual operating expense savings and reduce stock-based compensation by $20-$25 million. By simplifying its structure and concentrating resources on its most promising segments, People Incorporated aims to improve overall profitability and free up capital for reinvestment in key growth drivers, ultimately enhancing revenue generation from its core operations.
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Share Repurchases
- Since the beginning of 2025, People Incorporated (formerly IAC) repurchased 13% of its equity, with cumulative spending reaching $448 million by Q1 2026.
- Between August 6, 2025, and October 31, 2025, the company repurchased 7.3 million common shares for an aggregate of $300 million.
- As of October 31, 2025, the company had 6.4 million shares remaining in its share repurchase authorization.
Share Issuance
No information available.
Inbound Investments
No information available.
Outbound Investments
- In Q1 2026, People Incorporated purchased an additional 1 million MGM shares for $37 million.
- As of October 31, 2025, the company held 64.7 million shares of MGM, valued at $2.1 billion, representing a 24% stake.
- On June 1, 2026, People Incorporated proposed to acquire all remaining outstanding shares of MGM Resorts International that it does not already own for $48.30 per share in cash, aiming to take MGM private with over 50% control.
Capital Expenditures
- Capital expenditures for the trailing twelve months amounted to approximately -$19.20 million.
Peer Outperformance in Interactive Media & Services
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| PPLI | People | -4.9% | -9.6x | 31.2% | -6.3% | -72.0% | — |
| CARG | CarGurus | -1.8% | 18.7x | 7.5% | 95.6% | 2.2% | +74pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Wireless Telecommunication Services | 3 | -8.2% | 13.5% | 36.5% | ECHO 280% · TMUS 36% |
| Publishing | 5 | 19.3% | 9.4% | 12.5% | NYT 37% · NWSA 36% |
| Movies & Entertainment | 23 | 17.3% | 48.9% | -28.0% | IMAX 163% · CNK 102% · BATRA 83% |
| Integrated Telecommunication Services | 21 | -14.5% | 11.9% | -28.3% | GSAT 234% · AD 122% · TDS 111% |
| Interactive Media & Services ← | 33 | -28.1% | -30.1% | -68.6% | GOOGL 97% · META 89% · CARG 2% |
| Broadcasting | 14 | -7.0% | -19.9% | -70.1% | FOXA 79% · NXST 35% · SIRI -37% |
| Interactive Home Entertainment | 8 | -40.8% | -58.4% | -70.2% | TTWO 8% · RBLX -40% · PINS -51% |
| Alternative Carriers | 4 | -33.4% | 16.5% | -70.4% | IRDM 11% · LUMN -64% |
| Advertising | 18 | -30.7% | -7.3% | -74.1% | APP 176% · OMC 55% · STGW 12% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 40.15 |
| Mkt Cap | 2.9 |
| Rev LTM | 2,714 |
| Op Inc LTM | 233 |
| FCF LTM | 275 |
| FCF 3Y Avg | 259 |
| CFO LTM | 353 |
| CFO 3Y Avg | 328 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.8% |
| Rev Chg 3Y Avg | 4.7% |
| Rev Chg Q | 3.1% |
| QoQ Delta Rev Chg LTM | 0.8% |
| Op Inc Chg LTM | 18.7% |
| Op Inc Chg 3Y Avg | 21.1% |
| Op Mgn LTM | 10.6% |
| Op Mgn 3Y Avg | 10.4% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 12.7% |
| CFO/Rev 3Y Avg | 11.7% |
| FCF/Rev LTM | 8.6% |
| FCF/Rev 3Y Avg | 8.7% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| People Inc. | 1,793 | 1,798 | 1,716 | 1,958 | 459 |
| Care.com | 347 | 370 | 375 | 363 | |
| Search | 213 | 388 | 629 | 731 | 873 |
| Emerging & Other | 71 | 89 | 229 | 461 | 753 |
| Intersegment eliminations | -31 | -23 | -30 | -42 | -5 |
| Angi Inc. | 1,764 | 1,619 | |||
| Total | 2,393 | 2,622 | 2,919 | 5,235 | 3,700 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| People Inc. | 357 | 295 | 223 | 152 | 7 |
| Care.com | 47 | 45 | 56 | 47 | |
| Search | 10 | 18 | 44 | 83 | 108 |
| Emerging & Other | -28 | -36 | -11 | -70 | -31 |
| Stock-based compensation expense | -32 | -78 | -74 | -123 | |
| Depreciation | -38 | -41 | -81 | -131 | |
| Amortization of intangibles | -93 | -142 | -288 | -308 | |
| Corporate Adjusted EBITDA loss | -113 | -90 | -98 | -80 | -153 |
| Goodwill impairment | -207 | 0 | -9 | -113 | |
| Acquisition-related contingent consideration fair value adjustments | 1 | ||||
| Angi Inc. | 66 | -68 | |||
| Total | -97 | -29 | -238 | -475 | -137 |
Price Behavior
| Market Price | $41.99 | |
| Market Cap ($ Bil) | 3.2 | |
| First Trading Date | 03/11/2016 | |
| Distance from 52W High | -11.8% | |
| 50 Days | 200 Days | |
| DMA Price | $38.84 | $40.49 |
| DMA Trend | down | indeterminate |
| Distance from DMA | 8.1% | 3.7% |
| 3M | 1YR | |
| Volatility | 41.5% | 35.3% |
| Downside Capture | 92.33 | 84.84 |
| Upside Capture | 31.44 | 94.80 |
| Correlation (S&P 500) | 15.4% | 31.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.11 | 0.64 | 1.34 | 0.69 | 0.87 | 1.06 |
| Up Beta | 3.49 | 1.18 | 3.11 | 1.78 | 1.22 | 1.20 |
| Down Beta | 0.26 | 0.90 | 0.32 | 0.51 | 0.61 | 0.94 |
| Up Capture | -152% | 21% | 71% | 10% | 78% | 65% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 6 | 16 | 24 | 56 | 130 | 366 |
| Down Capture | 98% | 77% | 161% | 83% | 87% | 105% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 16 | 27 | 40 | 68 | 119 | 378 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PPLI | |
|---|---|---|---|---|
| PPLI | 30.8% | 35.4% | 0.81 | - |
| Sector ETF (XLC) | -6.8% | 16.7% | -0.60 | 41.3% |
| Equity (SPY) | 13.2% | 12.9% | 0.68 | 34.0% |
| Gold (GLD) | 1.0% | 28.8% | 0.03 | 7.1% |
| Commodities (DBC) | 35.9% | 21.2% | 1.34 | -28.6% |
| Real Estate (VNQ) | 14.3% | 14.1% | 0.70 | 20.3% |
| Bitcoin (BTCUSD) | -28.2% | 43.4% | -0.65 | 13.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PPLI | |
|---|---|---|---|---|
| PPLI | -22.5% | 40.5% | -0.52 | - |
| Sector ETF (XLC) | 6.7% | 21.1% | 0.23 | 55.4% |
| Equity (SPY) | 12.5% | 17.2% | 0.55 | 52.6% |
| Gold (GLD) | 17.3% | 19.1% | 0.73 | 5.4% |
| Commodities (DBC) | 8.0% | 19.6% | 0.29 | 3.0% |
| Real Estate (VNQ) | 1.8% | 18.9% | -0.01 | 41.7% |
| Bitcoin (BTCUSD) | 5.5% | 51.5% | 0.29 | 28.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PPLI | |
|---|---|---|---|---|
| PPLI | -4.5% | 46.2% | 0.11 | - |
| Sector ETF (XLC) | 8.6% | 22.1% | 0.42 | 47.2% |
| Equity (SPY) | 15.4% | 18.0% | 0.73 | 45.1% |
| Gold (GLD) | 11.9% | 16.5% | 0.59 | 6.8% |
| Commodities (DBC) | 7.4% | 18.1% | 0.33 | 9.1% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.23 | 34.8% |
| Bitcoin (BTCUSD) | 61.0% | 66.2% | 1.01 | 15.1% |
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Earnings Returns History
Updated 11/5/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/2/2026 | 4.4% | ||
| 8/3/2026 | 10.4% | -3.3% | -8.4% |
| 5/4/2026 | -8.4% | -7.9% | -6.5% |
| 2/3/2026 | -3.0% | -0.9% | 5.3% |
| 11/3/2025 | -1.7% | 4.5% | 11.1% |
| 8/4/2025 | -13.0% | -13.8% | -8.2% |
| 5/5/2025 | -3.6% | 11.3% | 3.5% |
| 2/11/2025 | 5.8% | 13.7% | 6.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 13 | 10 |
| # Negative | 14 | 11 | 14 |
| Median Positive | 5.8% | 9.1% | 8.1% |
| Median Negative | -3.4% | -7.9% | -9.8% |
| Max Positive | 11.9% | 13.7% | 21.7% |
| Max Negative | -16.3% | -21.4% | -31.4% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/2/2026 | 4.4% | ||
| 8/3/2026 | 10.4% | -3.3% | -8.4% |
| 5/4/2026 | -8.4% | -7.9% | -6.5% |
| 2/3/2026 | -3.0% | -0.9% | 5.3% |
| 11/3/2025 | -1.7% | 4.5% | 11.1% |
| 8/4/2025 | -13.0% | -13.8% | -8.2% |
| 5/5/2025 | -3.6% | 11.3% | 3.5% |
| 2/11/2025 | 5.8% | 13.7% | 6.2% |
| 11/12/2024 | -12.6% | -14.3% | -16.0% |
| 8/6/2024 | 6.5% | 11.2% | 13.2% |
| 5/7/2024 | -2.3% | 2.3% | -11.1% |
| 2/13/2024 | 5.6% | 11.9% | -0.1% |
| 11/7/2023 | 0.0% | 7.1% | 7.0% |
| 8/8/2023 | -16.3% | -15.8% | -19.5% |
| 5/9/2023 | 11.9% | 9.1% | 9.2% |
| 2/13/2023 | 5.1% | 1.6% | -1.0% |
| 11/8/2022 | -2.1% | 13.7% | 4.8% |
| 8/9/2022 | -5.7% | 0.5% | -17.4% |
| 5/9/2022 | 8.9% | 10.2% | 21.7% |
| 2/15/2022 | -10.3% | -21.4% | -23.2% |
| 11/4/2021 | -3.2% | -8.8% | -13.9% |
| 8/4/2021 | -0.5% | -6.2% | -0.7% |
| 5/6/2021 | 4.6% | -4.8% | -31.4% |
| 2/3/2021 | -0.9% | 7.2% | -1.1% |
| 11/5/2020 | 7.0% | -0.1% | 9.7% |
| SUMMARY STATS | |||
| # Positive | 11 | 13 | 10 |
| # Negative | 14 | 11 | 14 |
| Median Positive | 5.8% | 9.1% | 8.1% |
| Median Negative | -3.4% | -7.9% | -9.8% |
| Max Positive | 11.9% | 13.7% | 21.7% |
| Max Negative | -16.3% | -21.4% | -31.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 11/02/2026 | 10-Q |
| 06/30/2026 | 08/03/2026 | 10-Q |
| 03/31/2026 | 05/04/2026 | 10-Q |
| 12/31/2025 | 02/20/2026 | 10-K |
| 09/30/2025 | 11/03/2025 | 10-Q |
| 06/30/2025 | 08/04/2025 | 10-Q |
| 03/31/2025 | 05/05/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 11/02/2026 | 10-Q |
| 06/30/2026 | 08/03/2026 | 10-Q |
| 03/31/2026 | 05/04/2026 | 10-Q |
| 12/31/2025 | 02/20/2026 | 10-K |
| 09/30/2025 | 11/03/2025 | 10-Q |
| 06/30/2025 | 08/04/2025 | 10-Q |
| 03/31/2025 | 05/05/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
| 12/31/2021 | 03/01/2022 | 10-K |
| 09/30/2021 | 11/05/2021 | 10-Q |
| 06/30/2021 | 08/06/2021 | 10-Q |
| 03/31/2021 | 05/10/2021 | 10-Q |
| 12/31/2020 | 02/17/2021 | 10-K |
| 09/30/2020 | 11/06/2020 | 10-Q |
| 06/30/2020 | 08/10/2020 | 10-Q |
| 03/31/2020 | 06/03/2020 | 10-Q |
Recent Forward Guidance
Updated 11/3/2026Latest: Q3 2026 Earnings Reported 11/2/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Severance and employee separation benefits expense | Reported | 15.00 Mil | 17.50 Mil | 20.00 Mil | ||||
| Q4 2026 Digital Revenue Growth | Reported | |||||||
| 2026 Stock-based compensation expense | Reported | 85.00 Mil | 87.50 Mil | 90.00 Mil | -200.0% | Raised | Guidance: -87.50 Mil for 2026 | |
| 2026 Depreciation | Reported | 30.00 Mil | 31.00 Mil | 32.00 Mil | -212.7% | Raised | Guidance: -27.50 Mil for 2026 | |
| 2026 Amortization of intangibles | Reported | 70.00 Mil | 72.50 Mil | 75.00 Mil | -200.0% | Raised | Guidance: -72.50 Mil for 2026 | |
| 2026 Restructuring costs, including certain severance and employee separation benefits | Reported | 30.00 Mil | 32.50 Mil | 35.00 Mil | -360.0% | Raised | Guidance: -12.50 Mil for 2026 | |
| 2026 Transaction-related costs | Reported | 7.00 Mil | 8.50 Mil | 10.00 Mil | -213.3% | Raised | Guidance: -7.50 Mil for 2026 | |
| 2026 Litigation matters | Reported | 12.00 Mil | 13.50 Mil | 15.00 Mil | -177.1% | Raised | Guidance: -17.50 Mil for 2026 | |
| 2026 Digital Revenue Growth | Reported | |||||||
| 2026 Total Operating income | Reported | 6.00 Mil | 27.50 Mil | 49.00 Mil | -42.1% | Lowered | Guidance: 47.50 Mil for 2026 | |
| 2026 Adjusted EBITDA - People Inc. | Reported | 330.00 Mil | 337.50 Mil | 345.00 Mil | -0.7% | Lowered | Guidance: 340.00 Mil for 2026 | |
| 2026 Adjusted EBITDA - Emerging & Other | Reported | 13.00 Mil | 14.00 Mil | 15.00 Mil | 12.0% | Raised | Guidance: 12.50 Mil for 2026 | |
| 2026 Adjusted EBITDA - Corporate | Reported | -80.00 Mil | -78.50 Mil | -77.00 Mil | -1.9% | Raised | Guidance: -80.00 Mil for 2026 | |
| 2026 Total Adjusted EBITDA | Reported | 263.00 Mil | 273.00 Mil | 283.00 Mil | 0.2% | Raised | Guidance: 272.50 Mil for 2026 | |
Prior: Q2 2026 Earnings Reported 8/3/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Stock-based compensation expense | Reported | -90.00 Mil | -87.50 Mil | -85.00 Mil | 0 | Affirmed | Guidance: -87.50 Mil for 2026 | |
| 2026 Depreciation | Reported | -30.00 Mil | -27.50 Mil | -25.00 Mil | 0 | Affirmed | Guidance: -27.50 Mil for 2026 | |
| 2026 Amortization of intangibles | Reported | -75.00 Mil | -72.50 Mil | -70.00 Mil | -3.3% | Raised | Guidance: -75.00 Mil for 2026 | |
| 2026 Restructuring costs | Reported | -15.00 Mil | -12.50 Mil | -10.00 Mil | ||||
| 2026 Transaction-related costs | Reported | -10.00 Mil | -7.50 Mil | -5.00 Mil | ||||
| 2026 Litigation matters | Reported | -20.00 Mil | -17.50 Mil | -15.00 Mil | ||||
| 2026 Digital Revenue Growth | Reported | 5.0% | 7.0% | 9.0% | 0 | Affirmed | Guidance: 7.0% for 2026 | |
| 2026 Total Operating income | Reported | 15.00 Mil | 47.50 Mil | 80.00 Mil | 5.6% | Raised | Guidance: 45.00 Mil for 2026 | |
| 2026 Adjusted EBITDA (People Inc.) | Reported | 325.00 Mil | 340.00 Mil | 355.00 Mil | 4.6% | Raised | Guidance: 325.00 Mil for 2026 | |
| 2026 Adjusted EBITDA (Emerging & Other) | Reported | 10.00 Mil | 12.50 Mil | 15.00 Mil | 25.0% | Raised | Guidance: 10.00 Mil for 2026 | |
| 2026 Adjusted EBITDA (Corporate) | Reported | -80.00 Mil | -20.0% | Raised | Guidance: -100.00 Mil for 2026 | |||
| 2026 Total Adjusted EBITDA | Reported | 255.00 Mil | 272.50 Mil | 290.00 Mil | 16.0% | Raised | Guidance: 235.00 Mil for 2026 | |
| 2026 Digital Adjusted EBITDA Growth | Reported | 5.0% | 7.0% | 9.0% | ||||
| 2027 Corporate annual stock-based compensation expense | Reported | 30.00 Mil | ||||||
| 2027 Corporate annual run-rate operating expense | Reported | 45.00 Mil | ||||||
Q1 2026 Earnings Reported 5/4/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Stock-based compensation expense | Reported | -90.00 Mil | -87.50 Mil | -85.00 Mil | ||||
| 2026 Depreciation | Reported | -30.00 Mil | -27.50 Mil | -25.00 Mil | ||||
| 2026 Amortization of intangibles | Reported | -80.00 Mil | -75.00 Mil | -70.00 Mil | ||||
| 2026 Digital Revenue Growth | Reported | 5.0% | 7.0% | 9.0% | ||||
| 2026 Total Operating income | Reported | 10.00 Mil | 45.00 Mil | 80.00 Mil | -68.4% | -68.4% | Lowered | Guidance: 142.50 Mil for 2026 |
| 2026 People Inc. Adjusted EBITDA | Reported | 310.00 Mil | 325.00 Mil | 340.00 Mil | 0 | Affirmed | Guidance: 325.00 Mil for 2026 | |
| 2026 Emerging & Other Adjusted EBITDA | Reported | 5.00 Mil | 10.00 Mil | 15.00 Mil | 1 | Raised | Guidance: 5.00 Mil for 2026 | |
| 2026 Corporate Adjusted EBITDA | Reported | -105.00 Mil | -100.00 Mil | -95.00 Mil | 17.6% | Lowered | Guidance: -85.00 Mil for 2026 | |
| 2026 Total Adjusted EBITDA | Reported | 210.00 Mil | 235.00 Mil | 260.00 Mil | -21.0% | Lowered | Guidance: 297.50 Mil for 2026 | |
Q4 2025 Earnings Reported 2/3/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Operating Income | Reported | 95.00 Mil | 142.50 Mil | 190.00 Mil | 61.0% | Higher New | Actual: 88.50 Mil for 2025 | |
| 2026 Adjusted EBITDA | Reported | 260.00 Mil | 297.50 Mil | 335.00 Mil | 20.9% | Higher New | Actual: 246.00 Mil for 2025 | |
| 2026 People Inc. Adjusted EBITDA | Reported | 310.00 Mil | 325.00 Mil | 340.00 Mil | -2.3% | Lower New | Actual: 332.50 Mil for 2025 | |
| 2026 Care.com Adjusted EBITDA | Reported | 45.00 Mil | 50.00 Mil | 55.00 Mil | 5.3% | Higher New | Actual: 47.50 Mil for 2025 | |
| 2026 Search Adjusted EBITDA | Reported | -5.00 Mil | 2.50 Mil | 10.00 Mil | -79.2% | Lower New | Actual: 12.00 Mil for 2025 | |
| 2026 Emerging & Other Adjusted EBITDA | Reported | 0 | 5.00 Mil | 10.00 Mil | Higher New | Actual: -31.00 Mil for 2025 | ||
| 2026 Corporate Adjusted EBITDA | Reported | -90.00 Mil | -85.00 Mil | -80.00 Mil | Higher New | Actual: -115.00 Mil for 2025 | ||
Insider Activity
Updated 7/20/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Schwerdtman, Michael H | SVP and CAO | Direct | Sell | 6012026 | 40.54 | 6,878 | 278,801 | 1,165,103 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Schwerdtman, Michael H | SVP and CAO | Direct | Sell | 6012026 | 40.54 | 6,878 | 278,801 | 1,165,103 | Form |
Industry Resources
| Communication Services Resources |
| Variety |
| The Hollywood Reporter |
| Adweek |
| Interactive Media & Services Resources |
| Social Media Today |
| Search Engine Land |
| Nieman Journalism Lab |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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