PPLI

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PEOPLE INCORPORATED REPORTS Q3 2026

•People Inc. drove its 12th consecutive quarter of Digital revenue growth with total operating income of $37 million and Adjusted EBITDA of $70 million

•On October 29, 2026, People Inc. executed staffing reductions to better align the business with strategic growth priorities and expects to incur an estimated $15-$20 million in severance and employee separation benefits expense in Q4 2026

•People Incorporated (the “Company”) year-to-date net cash from continuing operations increased $105 million to $106 million and Free Cash Flow increased $93 million to $80 million; $1.3 billion cash and cash equivalents as of September 30, 2026

•The Company has 12.5 million shares remaining under its share repurchase authorizations

•Emerging & Other revenue increased 21% driven by 39% growth at The Daily Beast and 18% at Vivian Health

•The Company completed the sale of its Limited Partner stake in a third-party fund generating $185 million of net proceeds in the quarter and continues to make progress toward reducing annual Corporate operating expense to approximately $45 million on a run-rate basis by the end of Q1 2027

NEW YORK— November 2, 2026—People Incorporated (NASDAQ: PPLI) released its third quarter results today and separately posted a Q3 2026 earnings presentation. These materials can be found in the Financials section of its website at ir.people-incorporated.com.

“We’re continuing the course we laid out last year: simplify the company around People Inc. and our MGM Resorts investment. With ample capital, we’re well positioned to invest in our own stock and pursue opportunities for value creation,” said Barry Diller, Chairman and Senior Executive of People Incorporated.

Continued Mr. Diller, “People Inc. continues to be a durable generator of cash flow, focused on turning the power of its brands into vibrant new businesses. Our conviction in MGM is undiminished.”

PEOPLE INCORPORATED SUMMARY RESULTS

($ in millions except per share amounts)

Q3 2026Q3 2025Growth

Revenue$430.8 $447.1 -4 %

Operating loss(3.0)(27.2)89 %

Unrealized (loss) gain on investment in MGM Resorts International(1,119.9)17.5 NM

Net loss(687.5)(21.9)NM

Diluted loss per share(9.15)(0.27)NM

Adjusted EBITDA54.8 55.1 -1 %

See reconciliations of GAAP to non-GAAP measures beginning on page 16.

Q3 2026 SUMMARY

•People Inc.

◦Q3 2026 Digital revenue increased 2% to $289 million driven by 15% Non-session-based revenue growth (including 49% Licensing and other growth), partially offset by 6% Session-based revenue declines reflecting an accelerated impact from AI-oriented search and content discovery experiences during the quarter.

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◦Q3 2026 Digital operating income increased 27% to $49 million and Adjusted EBITDA decreased 2% to $72 million with Adjusted EBITDA margins of 25%.

◦Q3 2026 Total People Inc. operating income was $37 million and Adjusted EBITDA was $70 million.

◦For the nine months ended September 30, 2026, People Inc. net cash from operations increased $95 million to $152 million and Free Cash Flow increased $83 million to $127 million.

•Capital Allocation

◦For the nine months ended September 30, 2026, the Company’s net cash from operations attributable to continuing operations increased $105 million to $106 million and Free Cash Flow increased $93 million to $80 million.

◦As of September 30, 2026, the Company had $1.3 billion in cash and cash equivalents, of which $372 million was held at People Inc.

◦As of October 30, 2026, the Company had 12.5 million shares remaining under its share repurchase authorizations.

◦On August 4, 2026, the Company completed the sale of its Limited Partner stake in a third-party fund for approximately $185 million, net of transaction costs, resulting in a pre-tax gain of $175 million.

•Emerging & Other

◦Q3 2026 revenue increased 21% to $21 million due to 39% growth at The Daily Beast and 18% growth at Vivian Health (accelerating from 12% in Q2 2026).

◦Q3 2026 operating income improved to $4 million versus a loss of $21 million in Q3 2025 driven by the inclusion of $21 million in legal fees and settlement expenses related to a legacy business legal matter in Q3 2025 and $2 million higher Adjusted EBITDA driven by The Daily Beast and Vivian Health.

•See the FY 2026 outlook detail and commentary on page 15.

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DISCUSSION OF FINANCIAL AND OPERATING RESULTS

($ in millions, rounding differences may occur)Q3 2026Q3 2025Growth

Revenue

People Inc. $409.9 $429.8 -5 %

Emerging & Other21.0 17.3 21 %

Total Revenue$430.8 $447.1 -4 %

Operating income (loss)

People Inc. $37.2 $28.5 30 %

Emerging & Other3.6 (20.8)NM

Corporate(43.9)(35.0)-26 %

Total Operating loss$(3.0)$(27.2)89 %

Adjusted EBITDA

People Inc. $70.4 $75.7 -7 %

Emerging & Other3.8 1.3 187 %

Corporate(19.4)(22.0)12 %

Total Adjusted EBITDA$54.8 $55.1 -1 %

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People Inc.

Revenue

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PEOPLE INCORPORATED REPORTS Q2 2026

•People Inc. drove its 11th consecutive quarter of Digital growth with Q2 Digital revenue increasing 6% to $290 million; People Inc. total operating income of $34 million and Adjusted EBITDA of $73 million with expanding Digital margins

•Board of Directors approved an authorization to repurchase an additional 10 million shares of People Incorporated’s (“the Company”) common stock

•The Company entered into agreement to sell its Limited Partner stake in a third party fund for approximately $189 million in aggregate

•The Company revised its definition of Adjusted EBITDA in Q2 2026 with prior periods recast for conformity

•The Company to complete leadership transition, appointing Neil Vogel as Chief Executive Officer and Timothy Quinn as Chief Financial Officer, effective August 5, 2026; Barry Diller continues as Chairman and Senior Executive

•The Company’s consolidation of its corporate functions with People Inc. remains on track with estimated Corporate annual run-rate operating expense of approximately $45 million and annual stock-based compensation expense of approximately $30 million following consolidation completion in Q1 2027

•The Company’s Q2 2026 operating loss was $14 million and Adjusted EBITDA increased 15% to $56 million

NEW YORK— August 3, 2026—People Incorporated (NASDAQ: PPLI) released its second quarter results today and separately posted a Q2 2026 earnings presentation. These materials can be found in the Financials section of its website at ir.people-incorporated.com.

PEOPLE INCORPORATED SUMMARY RESULTS

($ in millions except per share amounts)

Q2 2026Q2 2025Growth

Revenue$436.7 $443.2 -1 %

Operating loss(14.3)(7.5)-91 %

Unrealized gain on investment in MGM Resorts International721.7 307.4 135 %

Net earnings506.9 211.5 140 %

Diluted earnings per share6.68 2.57 160 %

Adjusted EBITDA55.9 48.7 15 %

See reconciliations of GAAP to non-GAAP measures beginning on page 15.

Q2 2026 SUMMARY

•On June 4, 2026, the Company, formerly IAC Inc. (NASDAQ: IAC), completed its legal name change and commenced trading under the ticker symbol PPLI.

•The Company will complete its leadership transition effective August 5, 2026 with Barry Diller continuing as Chairman, Neil Vogel serving as Chief Executive Officer and Timothy Quinn as Chief Financial Officer. Former IAC officers Christopher Halpin, Executive Vice President, Chief Operating Officer and Chief Financial Officer, and Kendall Handler, Executive Vice President, Chief Legal Officer and Secretary, will transition to advisor roles through the end of March 2027.

•Beginning in Q2 2026, the Company revised its definition of Adjusted EBITDA to exclude certain items that are not indicative of core ongoing operating performance and certain items that affect comparability between periods. As a result of this change, previously reported Adjusted EBITDA for prior periods has been recast to conform to the current period presentation.

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•People Inc.

◦Q2 2026 Digital revenue increased 6% to $290 million driven by 16% Non-sessions-based revenue growth (23% Licensing and other growth, growth in Non-sessions-based performance marketing and advertising, including the ramp of D/Cipher+).

◦Q2 2026 Digital operating income increased 27% to $49 million and Adjusted EBITDA increased 18% to $74 million with Adjusted EBITDA margins expanding nearly 300bps to 26%.

◦Q2 2026 Total People Inc. operating income was $34 million and Adjusted EBITDA was $73 million.

◦For the six months ended June 30, 2026, People Inc. net cash from operations increased $88 million to $98 million and Free Cash Flow increased $76 million to $79 million.

•Capital Allocation

◦On June 16, 2026, the Board of Directors approved an authorization for the Company to repurchase an additional 10 million shares of its common stock. As of July 31, 2026, the Company had 12.5 million shares remaining under its share repurchase authorization.

◦The Company entered into agreement to sell its Limited Partner stake in a third party fund to a group of private investors for approximately $189 million in aggregate. We expect the transaction to close in Q3.

◦For the six months ended June 30, 2026, the Company’s net cash from operations attributable to continuing operations increased $90 million to $56 million and Free Cash Flow increased $79 million to $36 million.

◦As of June 30, 2026, the Company had $1.1 billion in cash and cash equivalents, of which $330 million was held at People Inc.

•Emerging Other

◦Q2 2026 revenue increased 26% to $20 million due to 53% growth at The Daily Beast (accelerating from 36% in Q1 2026) and 12% growth at Vivian Health (accelerating from 8% in Q1 2026).

◦Q2 2026 operating income increased $12 million to $3 million driven by the elimination of costs related to a legacy business legal matter settled in Q3 2025 and $3 million higher Adjusted E

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IAC REPORTS Q1 2026

•IAC streamlining structure ahead of People Incorporated transition, realigning around core assets People Inc. and its investment in MGM Resorts International in a plan expected to generate approximately $40 million in annual run-rate operating expense savings and approximately $20-$25 million in reduced stock-based compensation expense

•People Inc. drove Q1 Digital revenue growth of 8% to $253 million; People Inc. total operating income of $10 million and Adjusted EBITDA of $44 million

•IAC returned capital through share repurchases of 2.9 million for $111 million since Q4 2025 earnings; purchased an additional 1 million shares of MGM for $37 million

•Completed the sale of Care.com with net proceeds of $296 million; Care.com reflected as discontinued operations in Q1 2026 results

NEW YORK— May 4, 2026—IAC (NASDAQ: IAC) released its first quarter results today and separately posted a Q1 2026 earnings presentation. A letter to shareholders from Chairman and Senior Executive Barry Diller was also published on April 28, 2026. All of these materials can be found on the Investor Relations section of its website at ir.iac.com.

“As we transition to a new simplified structure, as outlined in my Shareholder letter, I want to thank our many loyal employees who have made IAC’s success possible through the years”, said Barry Diller, Chairman and Senior Executive of IAC. “In particular, IAC officers Christopher Halpin and Kendall Handler, whose leadership has been instrumental in shaping and executing this plan to transition from our holding company roots to IAC’s next chapter as People Incorporated, both of whom I am certain will find continued success following their departures in August.”

IAC SUMMARY RESULTS

($ in millions except per share amounts)

Q1 2026Q1 2025Growth

Revenue$422.9 $481.7 -12 %

Operating (loss) income(40.1)24.1 NM

Unrealized gain (loss) on investment in MGM Resorts International34.0 (324.3)NM

Net loss(71.9)(216.8)67 %

Diluted loss per share(0.94)(2.64)64 %

Adjusted EBITDA2.7 36.4 -93 %

See reconciliations of GAAP to non-GAAP measures beginning on page 16.

Q1 2026 SUMMARY

•IAC previously announced it will change its name to People Incorporated and is expected to trade under the ticker (NASDAQ: PPLI) on or before Q2 2026 earnings. Given the Company’s narrowed focus on core assets People Inc. and its investment in MGM, IAC is consolidating its corporate functions with those of its People Inc. business through a reduction in workforce, technology integration, and other cost-saving measures over the coming quarters that are expected to generate annual run-rate operating expense savings of $40 million and approximately $20-$25 million in reduced stock-based compensation expense.

•IAC expects to incur $14 million in severance and related expenses ($10 million recognized in Q1 2026), $48 million in stock-based compensation expense and $0.5 million to $1 million in other costs.

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•As part of the transition away from a holding company structure, IAC officers Christopher Halpin (Executive Vice President, Chief Operating Officer and Chief Financial Officer) and Kendall Handler (Executive Vice President and Chief Legal Officer) will depart the company in August, following a transition period and will serve as advisors to People Incorporated through March 2027.

•Barry Diller will continue as Chairman and following Q2 2026 earnings, Neil Vogel is expected to become Chief Executive Officer and Tim Quinn Chief Financial Officer of the simplified entity that will be People Incorporated.

•People Inc.

◦Q1 2026 Digital revenue increased 8% to $253 million reflecting 1% Advertising growth, 15% Performance marketing growth and 26% Licensing and other growth.

▪Q1 2026 Digital revenue reflects the reclassification of the digital portion of a legacy agency business between the Print and Digital segments due to a change in the internal management reporting structure to better align and support People Inc.’s D/Cipher advertising capabilities. All prior periods have been recast to conform to the current presentation.

◦Q1 2026 Digital operating income increased 56% to $28 million and Adjusted EBITDA increased 20% to $50 million.

◦Q1 2026 Total People Inc. operating income was $10 million and Adjusted EBITDA was $44 million.

◦Q1 2026 People Inc. net cash from operations increased $39 million to $56 million and Free Cash Flow increased $35 million to $48 million.

•Capital Allocation

◦Between February 3, 2026 and May 1, 2026, IAC repurchased 2.9 million of its common shares for $111 million in aggregate.

◦In Q1 2026, IAC purchased an additional 1.0 million shares of MGM for $37 million in aggregate and now holds 66.8 million shares of MGM.

◦Dispositions

▪IAC completed the sale of Care.com to Pacific Avenue Capital Partners with net proceeds of $296 million received on March 16, 2026. As a res