People (PPLI) FY2025 results: revenue $2.4 billion, down 8.7% on the year
People Inc. (PPLI) reported revenue of $2.4 billion for fiscal 2025, the year ended 31 December 2025, down 8.7% on the year before. Net income was -$104 million, and diluted earnings per share $-1.30. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2026.
Revenue
$2.4 billion
-8.7% on the year
FY2018FY2025
Operating margin
-4.1%
-1.1% a year earlier
FY2018FY2025
Net income
-$104 million
FY2018FY2025
Diluted EPS
-$1.30
FY2018FY2025
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
Guidance figures: 12 new.
Digital revenue grew 14%: People Inc. Digital revenue rose 14% to $355 million, the highest growth in five quarters, while People Inc. total revenue fell 2%.
Care.com operating loss on impairment: Care.com revenue fell 9% to $85.7 million, and a $207.5 million goodwill impairment produced an operating loss of $191.1 million.
Search revenue fell 68%: Search revenue fell 68% to $29.0 million, with Ask Media Group down 71% on Google algorithm changes and policy updates.
Core Sessions fell 13%: Programmatic revenue fell on lower impressions, as Core Sessions declined 13%, which management attributed mainly to Google AI Overviews, partly offset by higher rates.
Search future described as uncertain: Management called the future of Search uncertain, citing disruption in the search ecosystem and possible changes to the Google contract.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
61.3
355
190
-82.7%
Capital expenditure
19.2
15.0
93.6
+27.9%
Free cash flow
42.1
340
95.9
-87.6%
Free cash flow margin
1.8%
12.9%
3.3%
Cash from investing
n/a
277
-87.5
Cash from financing
n/a
-129
-223
Depreciation and amortisation
131
183
369
-28.5%
Share-based compensation
32.3
77.7
73.6
-58.4%
Buybacks
315
0.0
166
Diluted shares, weighted
80m
83m
86m
-3.7%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
4,734
5,578
6,078
-15.1%
Non-controlling interest
29.9
701
677
-95.7%
Redeemable equity
25.3
25.4
33.4
-0.6%
Debt
1,441
1,480
2,040
-2.6%
Operating lease liabilities
160
309
350
-48.1%
Other liabilities
740
1,595
1,325
-53.6%
Total liabilities and equity
7,131
9,689
10,503
-26.4%
Fixed assets
287
313
346
-8.2%
Goodwill
1,791
1,993
2,138
-10.1%
Intangible assets
466
554
704
-16.0%
Investments
0.0
0.0
149
Cash and equivalents
960
1,382
933
-30.5%
Receivables
449
483
486
-7.1%
Other assets
3,177
4,963
5,747
-36.0%
Total assets
7,131
9,689
10,503
-26.4%
10-K for the year ended 31 December 2025, filed 20 February 2026: the filing.