v3.26.1
CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenue $ 1,833,074 $ 1,865,039 $ 1,915,550
Operating costs and expenses:      
Cost of revenue (exclusive of depreciation shown separately below) 653,982 685,427 721,364
Selling and marketing expense 524,443 531,514 543,325
General and administrative expense 333,214 390,588 443,569
Product development expense 133,335 161,412 165,343
Depreciation 34,999 34,777 77,614
Amortization of intangibles 89,209 136,426 280,249
Goodwill impairment 0 0 9,000
Total operating costs and expenses 1,769,182 1,940,144 2,240,464
Operating income (loss) 63,892 (75,105) (324,914)
Interest expense (120,027) (135,719) (137,495)
Unrealized gain (loss) on investment in MGM Resorts International 119,175 (649,178) 721,668
Other income, net 16,136 98,227 46,225
Earnings (loss) from continuing operations before income taxes 79,176 (761,775) 305,484
Income tax (provision) benefit (28,079) 149,941 (72,821)
Net earnings (loss) from continuing operations 51,097 (611,834) 232,663
(Loss) earnings from discontinued operations, net of tax (152,567) 78,504 25,654
Net (loss) earnings (101,470) (533,330) 258,317
Net (earnings) loss attributable to noncontrolling interests (2,556) (6,567) 7,625
Net (loss) earnings attributable to People Incorporated shareholders $ (104,026) $ (539,897) $ 265,942
Per share information from continuing operations:      
Basic (loss) earnings per share (in USD per share) $ 0.63 $ (7.36) $ 2.71
Diluted (loss) earnings per share (in USD per share) 0.62 (7.36) 2.62
Per share information attributable to People Incorporated common stock and Class B common stock shareholders:      
Basic (loss) earning per share (in USD per share) (1.30) (6.49) 3.07
Diluted (loss) earning per share (in USD per share) $ (1.27) $ (6.49) $ 2.97
Stock-based compensation expense by function:      
Total stock-based compensation expense $ 27,904 $ 73,159 $ 69,062
Cost of revenue      
Stock-based compensation expense by function:      
Total stock-based compensation expense 1,631 2,156 1,516
Selling and marketing expense      
Stock-based compensation expense by function:      
Total stock-based compensation expense 3,464 2,701 2,168
General and administrative expense      
Stock-based compensation expense by function:      
Total stock-based compensation expense 19,842 64,961 61,152
Product development expense      
Stock-based compensation expense by function:      
Total stock-based compensation expense $ 2,967 $ 3,341 $ 4,226