People Inc. Q2 rev up 9%, op inc $22 mln, adj EBITDA 15% YoY.

• IAC rebrands as People Inc. after Q2 digital revenue growth of 9%. • Q2 operating income improved by $22 million and Adjusted EBITDA grew 15%. • FY2025 guidance: $82-$140 million operating income and $247-$285 million Adjusted EBITDA.

IAC Inc. (NASDAQ: IAC), the New York City-based media and internet holding company, has rebranded as People Inc. following a strong second quarter. The company reported a profit of $211.5 million, or $2.57 per share, compared to a loss of $142.2 million, or $1.71 per share, in the prior-year quarter [1].

Revenue for the quarter fell 7% to $586.9 million, below analyst expectations of $601 million, according to FactSet. However, the company's operating income improved by $22 million, and Adjusted EBITDA grew by 15%. These improvements were driven by a 1% increase in sales at People Inc. and a 9% increase in digital revenue, which reached $260.4 million [1].

The rebranding to People Inc. is a nod to the company's signature publication, People magazine. The digital revenue growth was driven by higher revenue in advertising, performance marketing, licensing, and other categories. Print revenue declined by 9%, while search and Care.com revenue fell by 39% and 6%, respectively [1].

For fiscal year 2025, IAC has adjusted its earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance to be between $247 million and $285 million. The company has also lowered its upper-end revenue guidance for People Inc. to $330 million to $340 million, compared to its previous upper-end of $350 million. The company expects People Inc. digital revenue growth of 7% to 10% given the ongoing volatility in the macroeconomic environment [1].

References:
[1] https://www.marketwatch.com/story/iac-swings-to-profit-posts-lower-revenue-in-2q-54f11a94
[2] https://seekingalpha.com/news/4476620-iac-q2-2025-earnings-preview