People Inc's digital revenue grew 2% in Q3, its 12th straight quarter of growth but slower than the 6% in Q2, as web sessions fell 26% and total digital advertising declined 8%. Non-sessions-based revenue rose 15% and licensing revenue grew 49%, while legacy sessions-based revenue fell 6%, which the company attributed mainly to lower Google referrals. The sale of its Care limited partner stake closed in Q3, and together with smaller asset sales generated nearly $0.5 billion of after-tax cash. The company is also cutting 195 employees (about 6% of its workforce) and expects corporate expenses to reach a run rate of about $45 million by the end of Q1 next year. For the year, it guided People Inc EBITDA to $330 million to $345 million and total PPLI EBITDA to $263 million to $283 million.
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