People Inc. Q1: Digital Growth, Cost Cuts, New Launches

People Inc., IACs publishing division, reported robust first-quarter results with 8% digital revenue growth and 20% adjusted EBITDA margins. Theyre expanding off-platform audiences on platforms like TikTok and Instagram, driving non-session revenue up by 24%. Despite a dip in core web traffic due to Google changes, premium brand strength keeps sessions monetizing well. IAC consolidated corporate layers, cutting staff and reducing stock comp, resulting in annual op ex savings. They plan to launch new products and expand brand spins, with a strong ad market and share buybacks. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/6819540384b61777

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