Business Separation and Structure - Comcast completed the separation of Versant Media Group, Inc. on January 2, 2026, distributing 100% of Versant's common stock to Comcast shareholders[13]. Connectivity and Broadband Services - The Connectivity & Platforms business includes broadband, wireless, video, and wireline voice services, with multigigabit downstream broadband speeds available to approximately 60% of residential customers[40]. - Comcast's domestic broadband offerings include speeds up to gigabit-plus, with fiber-to-the-premises services offering symmetrical speeds up to 10 gigabits per second for residential customers and up to 400 gigabits per second for certain business customers[40]. - The company is executing a multi-year strategy to evolve its existing HFC network, including the rollout of DOCSIS 4.0 in select markets[40]. - Comcast's Business Services Connectivity segment offers broadband, wireline voice, and wireless services, with enterprise solutions providing ethernet network services and advanced voice services[36]. - The company offers low-income broadband services through Internet Essentials, providing discounted rates with speeds of up to 75 and 100 megabits per second[20]. - Comcast's international broadband services include fiber-to-the-premises and fiber-to-the-cabinet offerings, utilizing third-party networks in the U.K. and Italy[23]. - The company plans to extend its network to new homes and businesses, partnering with local and federal agencies to serve unserved and underserved communities[40]. - Comcast's domestic wireless services will utilize T-Mobile's network under an MVNO agreement starting in 2026, in addition to existing services using Verizon's network[40]. - The company maintains a flexible and scalable HFC network in the U.S. to support future technology requirements and service growth[37]. - Comcast continues to enhance its network capabilities, including deploying technology for multigigabit symmetrical broadband speeds in select markets[21]. Video and Streaming Services - Comcast's video services are provided primarily through the X1 platform in the U.S. and Sky Q in the U.K. and Italy, integrating various content and streaming services[28]. - Peacock, the DTC streaming service, offers multiple subscription tiers and features a mix of original and licensed content, enhancing customer engagement[67]. - The company holds significant sports rights agreements, including the NBA and NFL, with contracts extending into the next decade, ensuring a steady content pipeline[72]. - The agreement with the NFL includes rights to produce and distribute a specified number of regular season games, including Sunday Night Football and three remaining Super Bowl games, with the next Super Bowl scheduled for February 2026[73]. - NBA and WNBA broadcasting rights secured until the 2035-36 season and 2036 WNBA season, including a specified number of games on Peacock starting from the 2025-26 season[72]. Advertising and Media Revenue - The advertising business sells advertising on Comcast's networks and digital platforms, leveraging technology and data-driven services for effective audience engagement[31]. - Advertising revenue is influenced by audience ratings and competition from digital platforms, affecting pricing strategies for advertising units[58]. - The Media segment generates revenue from advertising sales and distribution fees from multichannel video providers, with a focus on subscriber-based revenue models[59]. - The Media segment's advertising revenue is cyclical, peaking in the fourth quarter due to holiday advertising and during even-numbered years due to political advertising[93]. - Comcast's advertising revenue is influenced by audience ratings and the competitive landscape, including digital properties and DTC streaming services[52]. Studios and Content Licensing - The Studios segment generates revenue primarily from worldwide licensing of owned film and television content, with over 6,500 movies in its library available for licensing[77]. - The company engages in film co-financing arrangements with third-party studios to jointly finance or distribute certain film productions[78]. - Original television content is produced and distributed, with financial success reliant on obtaining additional licenses after initial airing[82]. - The company licenses its brand and intellectual property to third parties, including the Universal Studios Singapore theme park, enhancing revenue streams[85]. Theme Parks and Guest Experience - The Theme Parks segment has significant investments planned for new attractions, including Universal Horror Unleashed opening in Las Vegas in August 2025 and a new theme park in the UK projected to open in 2031[83]. - Revenue from theme parks is primarily generated from guest spending, including ticket sales and in-park purchases, and is influenced by travel and tourism trends[84]. - Theme park attendance and revenue are seasonal, peaking during spring holidays, summer months, and winter holidays[95]. Competition and Market Landscape - Competition in broadband services includes major companies like AT&T and Verizon, which are expanding fiber-based networks to offer higher data transmission speeds[46]. - The company faces competition from various wireless providers offering 4G and 5G services, impacting its market share in internet services[47]. - The company competes for content acquisition and audience share with various media providers, including DTC streaming services and traditional television networks[86]. - The company is subject to various federal, state, and local regulations that may impact its ability to compete, particularly against DTC streaming service providers[105]. Regulatory and Compliance Factors - Legislative and regulatory changes, particularly regarding broadband services, may significantly impact the company's operations and compliance costs[99]. - The FCC's spectrum auction authority has been restored until September 2034, which could affect the company's operations and competitive landscape[111]. - The company pays a specified percentage of revenue to a federal copyright royalty pool for retransmitting copyrighted material, which is subject to audits and regulatory changes[114]. - The company is subject to international telecommunications and media-specific regulations, which may impact its operations in various jurisdictions[112]. Employee Engagement and Workforce - As of December 31, 2025, the company had approximately 179,000 full-time and part-time employees, with about 30% located outside the United States[120]. - The company offers a 401(k) retirement plan with a company match in the U.S. and has employee stock purchase plans available in multiple countries[128]. - The company provides comprehensive health care coverage options and emotional wellbeing resources for employees and their families[128]. - The company has engaged in employee engagement surveys to create a proactive and constructive dialogue with its workforce[122]. - The company is committed to fostering a work environment that promotes respect, integrity, and trust among its diverse workforce[121].

Revenue Performance - Total revenue for the three months ended December 27, 2025, was $1,025 million, a decrease of 4% compared to $1,068 million for the same period in 2024[167]. - Michael Kors revenue for the nine months ended December 27, 2025, was $2,218 million, down 4% from $2,322 million in the prior year[167]. - Jimmy Choo revenue for the three months ended December 27, 2025, increased by 5% to $167 million from $159 million in the same period last year[167]. - Total revenue decreased by $43 million, or 4.0%, to $1.025 billion for the three months ended December 27, 2025, compared to $1.068 billion for the same period in 2024[175]. - Total revenue decreased by $116 million, or 4.2%, to $2.678 billion for the nine months ended December 27, 2025, compared to $2.794 billion for the same period in 2024[195]. - Michael Kors revenue decreased by $104 million, or 4.5%, to $2.218 billion for the nine months ended December 27, 2025, with a constant currency decrease of 6.0%[199]. - Jimmy Choo revenue decreased by $12 million, or 2.5%, to $460 million for the nine months ended December 27, 2025, with a constant currency decrease of 5.5%[199]. Cost and Expenses - Total cost of goods sold for the three months ended December 27, 2025, was $402 million, compared to $394 million for the same period in 2024, reflecting a 2% increase[167]. - Gross profit decreased by $51 million, or 7.6%, to $623 million, with a gross profit margin of 60.8% for the three months ended December 27, 2025, down from 63.1% in 2024[177]. - Total operating expenses decreased by $71 million, or 11.0%, to $577 million, which is 56.3% of total revenue for the three months ended December 27, 2025, down from 60.7% in 2024[178]. - Selling, general and administrative expenses decreased by $2 million, or 0.4%, to $535 million, with an increase in percentage to 52.2% of total revenue for the three months ended December 27, 2025[180]. - Selling, general and administrative expenses decreased by $54 million, or 3.5%, to $1.471 billion for the nine months ended December 27, 2025, compared to $1.525 billion for the same period in 2024[201]. - Total operating expenses decreased by $128 million, or 7.4%, to $1.597 billion for the nine months ended December 27, 2025, representing 59.6% of total revenue[198]. Income and Profitability - Income from continuing operations for the three months ended December 27, 2025, was $46 million, compared to $26 million for the same period in 2024, representing a significant increase[167]. - Income from continuing operations increased by $20 million, or 76.9%, to $46 million, representing 4.5% of total revenue for the three months ended December 27, 2025[174]. - Net income from continuing operations was $57 million for the three months ended December 27, 2025, compared to $6 million for the same period in 2024[192]. - Income from continuing operations was $50 million for the nine months ended December 27, 2025, compared to $31 million for the same period in 2024, representing a 61.3% increase[206]. - Michael Kors recorded income from operations of $255 million for the nine months ended December 27, 2025, down from $309 million for the same period in 2024, with an operating margin decrease from 13.3% to 11.5%[210]. - Jimmy Choo operating margin improved from a loss of 3.8% to an income of 1.8% due to leveraging operating expenses on higher revenues[188]. Store and Asset Management - The number of full-price retail stores for Michael Kors decreased to 368 as of December 27, 2025, from 435 as of December 28, 2024[169]. - The total number of retail stores decreased from 971 as of December 28, 2024, to 908 as of December 27, 2025[169]. - Impairment of assets during the nine months ended December 27, 2025, primarily related to operating lease right-of-use assets at certain Michael Kors store locations[168]. - No asset impairment charges were recognized for the three months ended December 27, 2025, compared to $81 million in the same period of 2024[182]. - The company recognized asset impairment charges of $21 million for the nine months ended December 27, 2025, down from $101 million for the same period in 2024[203]. - Restructuring expenses of $12 million were recorded for the three months ended December 27, 2025, primarily related to lease termination costs[183]. Financial Position and Cash Flow - Net cash provided by operating activities was $258 million during the nine months ended December 27, 2025, compared to $441 million for the same period in 2024, reflecting a decrease due to timing of payments[216]. - Net cash used in investing activities was $45 million during the nine months ended December 27, 2025, compared to $25 million for the same period in 2024, primarily due to capital expenditures[217]. - Net cash used in financing activities increased to $1.344 billion during the nine months ended December 27, 2025, compared to $212 million for the same period in 2024, mainly due to higher net debt repayments[218]. - As of December 27, 2025, total borrowings outstanding amounted to $234 million, a significant decrease from $1,490 million on March 29, 2025[219]. - The company has a total availability of $1,500 million under its Revolving Credit Facility, with remaining availability of $1,278 million as of December 27, 2025[219]. - The company is in compliance with all covenants related to its debt agreements, which require a maximum net leverage ratio of 4.0 to 1.0[219]. Corporate Developments - The merger agreement with Tapestry was terminated, with Tapestry agreeing to reimburse the company approximately $45 million for certain expenses[157]. - The company expects to spend approximately $100 million in Fiscal 2026 on capital expenditures, including store renovations and IT enhancements[214]. - The share repurchase program approved on November 4, 2025, allows for the repurchase of up to $1.0 billion of outstanding ordinary shares, expected to begin in Fiscal 2027[223]. - The company has not repurchased any ordinary shares during the pendency of the Merger Agreement through the expiration date of the previous share repurchase program[222]. Risk Management - The company faced macroeconomic challenges, including inflation and geopolitical factors, impacting consumer spending and overall financial performance[158]. - The company is exposed to interest rate risk related to $221 million borrowings outstanding under its 2022 Credit Facility as of December 27, 2025[234]. - The company has multiple fixed to fixed cross-currency swap agreements with aggregate notional amounts of $3.5 billion to hedge net investments in CHF denominated subsidiaries[231]. - A 10% appreciation or devaluation of the United States dollar would result in a net increase or decrease of approximately $390 million in the fair value of the cross-currency swap agreements for CHF[231]. - The company has 17 financial institutions participating in its credit facilities, with none maintaining a maximum commitment percentage in excess of 10%[220].

Enphase Energy Reports Financial Results for the Fourth Quarter of 2025 FREMONT, Calif., Feb. 3, 2026 - Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, announced today financial results for the fourth quarter of 2025, which included the summary below from its President and CEO, Badri Kothandaraman. We reported quarterly revenue of $343.3 million in the fourth quarter of 2025, along with 46.1% for non-GAAP gross margin. We shipped approximately 1.55 million microinverters, or 682.6 m ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ___________ Commission File Number: 001-38247 AYTU BIOPHARMA, INC. (Exact name of registrant as specified in its charter) | Delaware | 47-0883144 | | -- ...

OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________________ to __________________ Commission file number 1-278 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2025 8027 Forsyth Blvd (Address of principal executive offices) (Zip Code) S ...

Financial Performance - Net bookings for the quarter totaled $3.046 billion, up 38% year-over-year[3] - Net revenue was $1.901 billion for the quarter, compared to $1.883 billion in the same quarter last year[4] - Net income for the quarter was $88 million, down from $293 million year-over-year[4] - Total net revenue for the trailing twelve months was $7.306 billion, slightly down from $7.347 billion year-over-year[5] - GAAP operating income decreased by 66% to $127 million from $377 million year-over-year[28] - Non-GAAP operating income fell by 37% to $358 million from $566 million year-over-year[28] - The company reported a diluted earnings per share of $0.35, a decrease of 68% from $1.11 in the same quarter of the previous year[22] Cash Flow and Dividends - Operating cash flow for the quarter was $1.826 billion, compared to $1.176 billion in the prior year[4] - Cash and cash equivalents at the end of the period were $2,784 million, a slight increase from $2,776 million at the end of the previous year[25] - Net cash provided by operating activities for the three months ended December 31, 2025, was $1,826 million, up from $1,176 million in the same period of 2024[25] - Total cash flow from financing activities was a net outflow of $136 million, significantly reduced from a net outflow of $504 million in the previous year[25] - EA declared a quarterly cash dividend of $0.19 per share, payable on March 18, 2026[2] Game Performance - EA SPORTS FC™ net bookings increased high single digits year-over-year, driven by strength in Ultimate Team™ and FC Mobile[3] - Apex Legends™ net bookings were up double-digits year-over-year, supported by innovative new features and events[3] - Full game downloads revenue increased by 22% to $546 million compared to $446 million in the same quarter of the previous year[24] Share Repurchase and Acquisitions - The value of shares repurchased in the trailing twelve months was $2.125 billion, up from $1.450 billion in the previous year[5] - The company has entered into a definitive agreement for acquisition by an investor consortium valued at approximately $55 billion[7] Deferred Revenue and Financial Measures - The change in deferred net revenue from online-enabled games was $1,145 million, a significant increase compared to a decrease of $373 million in the previous year[24] - The Company presents non-GAAP financial measures, including non-GAAP operating margin and free cash flow, as a supplement to GAAP measures[29] - Non-GAAP measures exclude acquisition-related expenses, stock-based compensation, restructuring charges, and capital expenditures, providing a clearer view of core business performance[30] - The Company uses a tax rate of 19% for internal evaluations and forecasts, applying the same rate to management reporting financial results[31]

Aviat Networks Announces Fiscal 2026 Second Quarter and Six Month Financial Results Total Q2 Revenues of $111.5 million Q2 Operating Income of $7.3 million; Q2 Non-GAAP Operating Income of $9.6 million Q2 Net Income of $5.7 million; Q2 Adjusted EBITDA of $11.3 million Q2 Diluted Earnings per Share of $0.44; Q2 Non-GAAP Diluted Earnings per Share of $0.54 AUSTIN, Texas, February 3, 2026 -- Aviat Networks, Inc. ("Aviat Networks," "Aviat," or the "Company"), (Nasdaq: AVNW), the leading expert in wireless trans ...

Exhibit 99.1 INNOVAGE ANNOUNCES FINANCIAL RESULTS FOR THE FISCAL SECOND QUARTER ENDED DECEMBER 31, 2025 DENVER, CO., February 3, 2026 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. ("InnovAge" or the "Company") (Nasdaq: INNV), an industry leader in providing comprehensive healthcare programs to frail, predominantly dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE), today announced financial results for its fiscal second quarter ended December 31, 2025. Full Fiscal Year 2026 ...

Exhibit 99.1 News Release For Immediate Release: February 3, 2026 H&R Block Reports Fiscal 2026 Second Quarter Results — Revenue Increased 11% — — Reaffirms Full Year Outlook — KANSAS CITY, Mo. - H&R Block, Inc. (NYSE: HRB) (the "Company") today released financial results for its fiscal 2026 second quarter ended December 31, 2025. 1 "Across the business, we've made tangible improvements this season, whether receiving assistance from a tax professional or filing using our award-winning online tax product," s ...

Exhibit 99.1 NEWS RELEASE Transcat, Inc. 35 Vantage Point Drive • Rochester • NY • 14624 • Phone: (585) 352-7777 Transcat Reports Strong Fiscal Third Quarter 2026 Financial Results with a Return to High Single-Digit Service Organic Revenue Growth* ROCHESTER, NY, February 3, 2026 – Transcat, Inc. (Nasdaq: TRNS) ("Transcat" or the "Company"), a leader in test measurement, control and calibration, has reported its financial and operational results for its fiscal third quarter ended December 27, 2025 (the "thir ...