Loading financials from SEC filings…
Internet content & information · Communication Services · Fiscal year ends Dec 31
People reported revenue of $2.4B in the fiscal year ended Dec 2025, down 8.7% from the year before. Operating income was −$97M, an operating margin of −4.1%, and net income was −$104M. Operating cash flow of $64M less capital expenditure of $19M left free cash flow of $45M. Net debt was $485M.
Ranks among the 18 internet content & information companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 3,700 | 5,235 | 2,919 | 2,622 | 2,393 |
| Cost of revenue | 1,296 | 1,934 | 1,219 | 1,002 | 810 |
| Gross profit | 2,403 | 3,302 | 1,700 | 1,620 | 1,583 |
| Research & development | 231 | 318 | 238 | 228 | 196 |
| Selling, general & admin | 2,160 | 2,907 | 1,322 | 1,237 | 1,147 |
| Operating income | −137 | −475 | −238 | −28.7 | −97.4 |
| Interest expense | 34.3 | 110 | 158 | 136 | 120 |
| Pre-tax income | 730 | −1,526 | 393 | −715 | −81.9 |
| Income tax | 139 | −331 | 98.2 | −142 | 34.8 |
| Net income | 598 | −1,170 | 266 | −540 | −104 |
| Diluted EPS | 6.31 | −13.55 | 2.97 | −6.49 | −1.30 |
| Diluted shares | 91.8 | 86.4 | 86.5 | 83.1 | 80.1 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 2,119 | 1,096 | 933 | 1,364 | 941 |
| Receivables | 696 | 608 | 537 | 483 | 410 |
| Inventory | 30.7 | – | – | – | – |
| Current assets | 3,076 | 2,561 | 2,241 | 2,485 | 1,545 |
| Net PP&E | 571 | 511 | 455 | 313 | 284 |
| Goodwill | 3,227 | 3,030 | 2,138 | 1,993 | 1,508 |
| Total assets | 12,303 | 10,394 | 10,371 | 9,689 | 7,195 |
| Payables | 203 | 133 | 106 | 53.7 | 29.9 |
| Deferred revenue | 166 | 157 | 93.6 | 56.6 | 19.0 |
| Current liabilities | 1,382 | 1,080 | 950 | 886 | 561 |
| Short-term debt | 30.0 | 30.0 | 30.0 | 35.0 | 24.5 |
| Long-term debt | 2,046 | 2,020 | 1,993 | 1,435 | 1,401 |
| Total liabilities | 4,554 | 3,821 | 3,616 | 3,410 | 2,431 |
| Shareholders' equity | 7,175 | 5,932 | 6,078 | 5,578 | 4,734 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 119 | −82.8 | 190 | 355 | 64.0 |
| Capital expenditure | 90.2 | 140 | 93.6 | 15.0 | 19.2 |
| Free cash flow | 28.7 | −223 | 95.9 | 340 | 44.8 |
| Depreciation & amortisation | 75.0 | 131 | 80.9 | 40.8 | 37.5 |
| Stock-based compensation | 79.5 | 123 | 73.6 | 77.7 | 32.3 |
| Acquisitions | 2,700 | 0.0 | 0.0 | – | – |
| Share buybacks | 35.4 | – | 166 | 0.0 | 315 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 41.5% | −44.2% | −10.2% | −8.7% |
| EPS growth (YoY) | – | −314.7% | – | −318.5% | – |
| Gross margin | 65.0% | 63.1% | 58.2% | 61.8% | 66.2% |
| Operating margin | −3.7% | −9.1% | −8.1% | −1.1% | −4.1% |
| Net margin | 16.2% | −22.4% | 9.1% | −20.6% | −4.3% |
| Return on equityBlank when equity is negative | 8.3% | −19.7% | 4.4% | −9.7% | −2.2% |
| ROCEEBIT ÷ (assets − current liabilities) | −1.3% | −5.1% | −2.5% | −0.3% | −1.5% |
| Free cash flow margin | 0.8% | −4.3% | 3.3% | 12.9% | 1.9% |
| Cash conversion (CFO ÷ net income) | 0.20x | 0.07x | 0.71x | −0.66x | −0.62x |
| Receivable days | 69 | 42 | 67 | 67 | 63 |
| Inventory days | 9 | – | – | – | – |
| Payable days | 57 | 25 | 32 | 20 | 13 |
| Interest cover | −4.00x | −4.31x | −1.51x | −0.21x | −0.81x |
| Debt ÷ equity | 0.29x | 0.35x | 0.33x | 0.26x | 0.30x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | −42.5 | 954 | 1,090 | 106 | 485 |
| Current ratio | 2.23x | 2.37x | 2.36x | 2.80x | 2.75x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.