Vertiqal Studios Expands North American Sales Leadership with Strategic Hires in West Coast and CanadaJune 19, 2025 7:15 AM EDT | Source: Vertiqal StudiosToronto, Ontario--(Newsfile Corp. - June 19, 2025) - Vertiqal Studios Corp. (TSX: VRTS) (OTC Pink: VERTF) (FSE: 9PY0) ("the Company") — Vertiqal Studios, the digital media company behind some of the largest and most engaged Gen Z and Millennial-facing social channels, today announced the addition of two industry veterans - Pano Rongakos and S ...

Core Viewpoint - Vertiqal Studios has successfully completed the acquisition of digital media assets from Offbeat Media Group, enhancing its position in the digital media landscape and expanding its reach among Gen Z and Millennial audiences [1][2][3] Acquisition Details - The final payment related to the acquisition of Offbeat Media Group was completed, marking the full satisfaction of payment obligations and demonstrating Vertiqal's reliability as an acquirer [1] - The acquisition has proven to be highly accretive, significantly increasing reach and monetization of Offbeat's assets through Vertiqal's operational infrastructure and data-driven optimization [2] Strategic Vision - Vertiqal aims to create a leading digital network for Gen Z and Millennial audiences by integrating culturally relevant media brands and advanced technologies for scalable content solutions [4] - The company is focused on a buy-and-build strategy, targeting acquisitions that enhance its media assets and technology capabilities [4] M&A Focus - Vertiqal is actively seeking new acquisition opportunities to expand its network of owned and operated digital properties and to incorporate innovative technology solutions, including proprietary AI tools [3][5] Integration and Growth - The integration of Offbeat's assets has been seamless, with a focus on personalized founder support and a proven strategy for driving revenue and audience growth [6] - Vertiqal's commitment to building the future of digital media is reflected in its approach to acquisitions and technology integration [6] Future Outlook - With the completion of the Offbeat acquisition, Vertiqal is positioned to pursue further acquisitions in digital media brands, content studios, technology providers, and AI solutions [9] Annual Meeting Results - The results of the annual and special meeting of shareholders showed strong support for the elected directors and the appointment of auditors, indicating shareholder confidence in the company's direction [10][11]

Vertiqal Studios Announces AI-Enabled Model that Fuses Creativity with Cutting-Edge Tech - Offering a Human-Centered Alternative to Zuckerberg's Vision for AI-Only Content CreationMay 20, 2025 7:15 AM EDT | Source: Vertiqal StudiosToronto, Ontario--(Newsfile Corp. - May 20, 2025) - Vertiqal Studios Corp. (TSX: VRTS) (OTC Pink: VERTF) (FSE: 9PY0) ("the Company") - Vertiqal Studios, the digital media company behind some of the most engaged Gen Z and Millennial-facing social channels, is official ...

Core Viewpoint - Vertiqal Studios anticipates long-term growth driven by its strategic partnerships and a strong audience base, particularly in light of Snapchat's renewed focus on its Discover ecosystem [2][9]. Financial Performance - For the three months ended March 31, 2025, Vertiqal Studios reported revenues of $705,845, a decrease of 16% from $842,909 in the same period in 2024 [4][7]. - Gross profit for Q1 2025 was $567,186, down from $654,845 in Q1 2024, while total expenses increased to $1,880,599 from $1,250,090 [4]. - The net loss for Q1 2025 was ($1,313,413), compared to a net loss of ($513,047) in Q1 2024 [4]. - EBITDA for the quarter was ($561,547), worsening from ($213,754) in the previous year [4]. Revenue Composition and Trends - The company experienced a significant revenue increase of 101% on Snapchat in March 2025, despite an overall year-over-year revenue decline [7]. - The gross margin improved to 80% in Q1 2025 from 77% in Q1 2024, indicating operational efficiency [7]. Strategic Partnerships and Market Position - Vertiqal Studios has formed a strategic partnership with CrossMedia, enhancing its media planning capabilities [2][8]. - The company has a substantial audience of 52 million across TikTok, Snapchat, and Instagram, with 75% of this audience located in the US, solidifying its market position [2]. Outlook for Fiscal 2025 - Following Snapchat's reversal of its decision to merge Discover and Spotlight, Vertiqal Studios expects renewed momentum in demand and performance on the platform [9]. - The company anticipates that Snapchat revenue will meet or exceed forecasts for the remainder of 2025, driven by increased advertiser confidence [10].

Group 1 - Virtus Investment Partners, Inc. (VRTS) reported preliminary assets under management (AUM) of $163.7 billion for April 2025, reflecting a 2.2% decrease from March 31, 2025, primarily due to net outflows in various fund categories [1] - The company's open-end fund balance decreased by 1.6% to $52.7 billion, while closed-end fund balance slightly declined to $10.2 billion [2] - Institutional accounts balance fell 2.1% to $55.5 billion, and retail separate accounts decreased by 3.4% to $45.3 billion [2] Group 2 - The integrated multi-boutique business model of the company is expected to support its performance in a growing industry, but the decline in AUM raises concerns about future profitability [3] - Elevated operating expenses are anticipated to negatively impact the company's bottom line in the near term [3] - Over the past six months, shares of Virtus Investment have decreased by 26.8%, compared to a 9.4% decline in the industry [4] Group 3 - The company currently holds a Zacks Rank of 4 (Sell) [5] - In comparison, Franklin Resources, Inc. reported a preliminary AUM of $1.53 trillion, showing a marginal decrease due to long-term net outflows [6] - T. Rowe Price Group, Inc. announced a preliminary AUM of $1.56 trillion, reflecting a slight decrease, with equity products totaling $767 billion and fixed income growing by 1% to $198 billion [8]

Financial Performance - Total sales in Q1 2025 were $6.2 billion, a decrease of $1.3 billion, or 17.7%, from $7.6 billion in Q1 2024[95] - Total revenues decreased by 1.9% to $217.9 million for the three months ended March 31, 2025, compared to $222.0 million in the same period of 2024[108] - Net income attributable to Virtus Investment Partners, Inc. decreased by $1.2 million, or 4.1%, to $28.6 million for the three months ended March 31, 2025[108] - Net income per diluted share in Q1 2025 was $4.05, a decrease of $0.05, or 1.2%, from $4.10 in Q1 2024[98] - Operating income in Q1 2025 was $36.6 million, an increase of $4.3 million, or 13.3%, compared to $32.3 million in Q1 2024[98] Assets and Management - Total assets under management as of March 31, 2025, were $167.5 billion, a decrease of $11.8 billion, or 6.6%, from $179.3 billion as of March 31, 2024[96] - Average assets under management for all products in Q1 2025 were $173.6 billion, a slight increase of $232 million, or 0.1%, from $173.4 billion in Q1 2024[104] - Assets under management by product showed a decrease in Open-End Funds by $4.2 billion, or 7.3%, and Institutional Accounts by $7.9 billion, or 12.3%[97] - Market performance negatively impacted total assets under management by $4.1 billion in Q1 2025[100] Expenses - Total operating expenses decreased by $8.4 million, or 4.4%, to $181.3 million for the three months ended March 31, 2025[114] - Employment expenses decreased by $6.1 million, or 5.3%, to $109.1 million for the three months ended March 31, 2025, primarily due to a decrease in profit- and sales-based compensation[115] - Distribution and service fees decreased by $1.3 million, or 9.1%, to $12.8 million for the three months ended March 31, 2025, primarily due to lower sales and average assets under management[111] Cash Flow - Net cash used in operating activities improved by 89.0%, decreasing to $3.8 million for the three months ended March 31, 2025, from $34.5 million in the prior year[138] - Net cash used in investing activities increased by 21.3% to $3.0 million for the three months ended March 31, 2025, compared to $2.5 million in the same period of 2024[139] - Net cash used in financing activities surged by 210.7% to $174.5 million for the three months ended March 31, 2025, up from $56.1 million in the prior year, driven by increased payments on borrowings[140] Tax and Compliance - The estimated effective tax rate for the three months ended March 31, 2025, was 30.6%, up from 18.9% in the same period of 2024, primarily due to changes in valuation allowances related to investment losses[131] - The company remains compliant with all minimum net capital requirements as of March 31, 2025[136] Other Financial Metrics - Interest income increased by $2.6 million, or 28.8%, to $11.4 million for the three months ended March 31, 2025, compared to $8.9 million in the prior year[126] - Other income (expense), net decreased by $13.1 million, or 238.9%, to $(7.6) million for the three months ended March 31, 2025, compared to $5.5 million in the prior year[122] - The average fee earned for Open-End Funds decreased from 49.9 basis points in 2024 to 47.8 basis points in 2025[104] - Average fee rates earned on all products decreased slightly for the three months ended March 31, 2025, compared to the same period in the prior year[106] Equity and Investments - Total equity decreased slightly by 0.6% to $896.2 million as of March 31, 2025, from $901.6 million at December 31, 2024[132] - Investments increased marginally by 0.6% to $119.9 million as of March 31, 2025, from $119.2 million at December 31, 2024[132] - The company had $231.7 million outstanding under a term loan as of March 31, 2025, after repaying $0.7 million during the quarter[141] - The company paid $158.4 million in annual incentive compensation in the first quarter of 2025, compared to $146.1 million in the same period of 2024[134] Investment Strategy - The company operates a multi-manager, multi-style investment strategy, appealing to a diverse range of investors across various asset classes[91]

Our forward-looking statements are based on a series of expectations, assumptions and projections about the company and the markets in which we operate, are not guarantees of future results or performance, and involve substantial risks and uncertainty, including assumptions and projections concerning our assets under management, net asset inflows and outflows, operating cash flows, business plans and ability to borrow, for all future periods. All of our forward-looking statements are as of the date of this ...

Virtus Investment Partners (VRTS) Q1 2025 Earnings Call April 25, 2025 10:00 AM ET Company Participants Sean Rourke - Vice President, Investor RelationsGeorge Aylward - President & Chief Executive OfficerMichael Angerthal - Executive VP, CFO & TreasurerBen Budish - Director Conference Call Participants William (Bill) katz - Senior Equity Analyst Operator Good morning. My name is Didi, and I will be your conference operator today. I would like to welcome everyone to the Virtus Investment Partners Quarterly C ...

Company Performance - Virtus Investment Partners (VRTS) reported quarterly earnings of $5.73 per share, exceeding the Zacks Consensus Estimate of $5.33 per share, but down from $5.41 per share a year ago, representing an earnings surprise of 7.50% [1] - The company posted revenues of $197.61 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 0.41% and down from $200.24 million year-over-year [2] - Over the last four quarters, Virtus has surpassed consensus EPS estimates three times but has not beaten consensus revenue estimates [2] Stock Performance - Virtus shares have declined approximately 28.9% since the beginning of the year, compared to a decline of 6.8% for the S&P 500 [3] - The current Zacks Rank for Virtus is 4 (Sell), indicating expectations for the stock to underperform the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $6.16 on revenues of $190 million, and for the current fiscal year, it is $24.51 on revenues of $764.11 million [7] - The estimate revisions trend for Virtus is currently unfavorable, which may impact future stock performance [6] - The Financial - Investment Management industry, to which Virtus belongs, is ranked in the bottom 9% of over 250 Zacks industries, suggesting potential challenges ahead [8]

News Release Virtus Investment Partners Announces Financial Results for First Quarter 2025 Hartford, CT, April 25, 2025 - Virtus Investment Partners, Inc. (NYSE: VRTS) today reported financial results for the three months ended March 31, 2025. Financial Highlights (Unaudited) (in millions, except per share data or as noted) | | | | | | | | Three Months | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | Three Months Ended | | | | Ended | | | | | 3/31/2025 | | 3/31/2024 | Change | | 12/31/202 ...