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Goodyear and GameStop Take Gaming to New Heights for 100th Anniversary Showdown in the Sky
Prnewswire· 2025-08-07 17:00
LOS ANGELES, Aug. 7, 2025 /PRNewswire/ -- As part of Goodyear's 100th anniversary celebration, history was made over the skies of Los Angeles as the Goodyear Blimp, Wingfoot Three, teamed up with GameStop to host the world's first Pokémon battle 1,000 feet above the city.At the center of this aerial showdown was famed YouTuber Casey Neistat, who took the battle sky-high using pioneering technologist Palmer Luckey's passion project: ModRetro's Chromatic handheld gaming console. As part of Goodyear’s 100t ...
Sports.com Studios and GOATS Entertainment Forge Strategic Partnership to Monetize Iconic Sports IP
Globenewswire· 2025-08-07 17:00
A Media Snippet accompanying this announcement is available by clicking on this link. LOS ANGELES, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Sports.com Studios Ltd, the original content division of SEGG Media Corporation (Nasdaq: SEGG, LTRYW), has entered into a revenue-driven co-production partnership with GOATS Entertainment (Greatest Of All Time)(“GOATS”) — the premium storytelling brand co-founded by award-winning filmmaker Kevin Kaufman and veteran entertainment executive Joe DiMuro. This high-value alliance ...
Marriott International Declares Quarterly Cash Dividend and Increases Share Buyback Authorization
Prnewswire· 2025-08-07 17:00
BETHESDA, Md., Aug. 7, 2025 /PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) today announced that its board of directors declared a quarterly cash dividend of 67 cents per share of common stock. The dividend is payable on September 30, 2025, to shareholders of record as of the close of business on August 21, 2025. The company also announced that its board has increased the authorization to repurchase the company's Class A common stock by an additional 25 million shares, which are in addition to th ...
Baltic Horizon Fund consolidated unaudited results for Q2 2025
Globenewswire· 2025-08-07 17:00
Management Board of Northern Horizon Capital AS has approved the unaudited financial results of Baltic Horizon Fund (the Fund) for the six months of 2025. Challenges in Executing our Strategy Our strategy emphasizes developing governmental and social tenant concepts and centrally located, multi-functional properties with adaptable spaces designed to inspire, uplift, and enhance the lives of modern citizens and communities that holds potential for long-term value appreciation. We believe, that central locati ...
Press release specifying the procedures for the release of the first amendment to the 2024 Universal Registration Document of Banque Fédérative du Crédit Mutuel and Crédit Mutuel Alliance Fédérale (French version)
Globenewswire· 2025-08-07 16:57
Group 1 - The first amendment to the 2024 Universal Registration Document of Banque Fédérative du Crédit Mutuel and Crédit Mutuel Alliance Fédérale was filed on August 7, 2025, with the AMF under number D.25-0241-A01 [2] - The interim financial report of BFCM is included in the document and is also available on the AMF website [3] - Crédit Mutuel Alliance Fédérative is one of France's leading banking and insurance providers, employing 79,000 staff and serving 31 million customers through 4,100 branches [4][6] Group 2 - Crédit Mutuel Alliance Fédérative is the first French banking group to adopt the status of a mission-driven company, comprising various federations across France [5] - The group includes Caisse Fédérale de Crédit Mutuel, Banque Fédérative du Crédit Mutuel (BFCM), and several subsidiaries such as CIC, Euro-Information, and Assurances du Crédit Mutuel [6]
Sempra Energy's Q2 Earnings Beat Estimates, Revenues Decline Y/Y
ZACKS· 2025-08-07 16:55
Core Insights - Sempra Energy reported second-quarter 2025 adjusted earnings per share (EPS) of 89 cents, exceeding the Zacks Consensus Estimate of 83 cents by 7.2% and matching the prior year's figure [1][7] - The company's total revenues for the quarter were $3 billion, a decrease of 0.4% from $3.01 billion in the same quarter last year, and fell short of the Zacks Consensus Estimate of $3.15 billion by 4.8% [2] Revenue Breakdown - Sempra California segment earnings were $259 million, down from $316 million in the prior-year quarter [3] - Sempra Texas Utility segment earnings increased to $208 million from $202 million year-over-year [3] - Sempra Infrastructure reported earnings of $72 million, significantly lower than $291 million in the same quarter last year [3] - The Parent and Other segment reported a loss of $78 million, an improvement from a loss of $96 million in the prior-year period [3] Financial Position - As of June 30, 2025, Sempra Energy's cash and cash equivalents were $0.16 billion, a decrease from $1.57 billion as of December 31, 2024 [4] - Long-term debt and finance leases increased to $34.94 billion from $31.56 billion as of December 31, 2024 [4] - Cash flow from operating activities decreased from $2.52 billion at the end of Q2 2024 to $2.27 billion at the end of Q2 2025 [4] Future Guidance - The company reaffirmed its 2025 adjusted EPS guidance in the range of $4.30-$4.70, with the Zacks Consensus Estimate at $4.68 per share [5] - For 2026, Sempra Energy expects earnings to be in the range of $4.80-$5.30 per share, with the Zacks Consensus Estimate at $5.17 per share [5] - The company anticipates long-term EPS growth to be at the high end or above the previously projected range of 7-9% through 2029 [6][7]
DASH Q2 Earnings Beat Estimates, Revenues Increase Y/Y, Shares Rise
ZACKS· 2025-08-07 16:55
Core Insights - DoorDash (DASH) reported Q2 2025 earnings of $0.65 per share, a significant improvement from a loss of $0.38 per share in the same quarter last year, exceeding the Zacks Consensus Estimate by 54.76% [1][8] - Revenues for the quarter increased by 24.9% year over year to $3.28 billion, surpassing the consensus mark by 3.80% [1][8] - The net revenue margin improved to 13.5% from 13.3% in Q2 2024 [1] Q2 Performance Details - Total orders rose by 20% year over year to 761 million, beating the Zacks Consensus Estimate by 1.36% [3][8] - Marketplace Gross Order Value (GOV) increased by 23% year over year to $24.2 billion, exceeding the consensus by 2.67% [3][8] - Adjusted gross profit reached $1.71 billion, up 32.4% year over year, with an adjusted gross margin of 52.2%, expanding by 300 basis points [3][4] Financial Metrics - Contribution margin improved to 34.9% from 31.4% in the previous year [4] - Adjusted sales and marketing expenses rose by 20.9% year over year to $568 million [4] - Adjusted EBITDA was $655 million, reflecting a 52.3% year-over-year increase, with an adjusted EBITDA margin of 19.9%, up 360 basis points [4] Balance Sheet and Cash Flow - As of June 30, 2025, DoorDash had $7.74 billion in cash and cash equivalents and short-term marketable securities [5] - Cash flow from operations was $504 million in Q2, down from $635 million in the previous quarter [5] - Free cash flow decreased to $355 million from $494 million in the previous quarter [5] Q3 Guidance - For Q3 2025, DoorDash anticipates Marketplace GOV to be between $24.2 billion and $24.7 billion [6] - Adjusted EBITDA is expected to range from $680 million to $780 million [6] - The company projects stock-based compensation expenses between $1 billion and $1.1 billion for 2025 [6]
Can Unity Software's AI Engine Vector Fuel Long-Term Growth?
ZACKS· 2025-08-07 16:55
Core Insights - Unity Software Inc. launched Unity Vector, an AI-powered advertising platform, in early 2025, enhancing its digital platform capabilities [1] - The launch resulted in a 15-20% increase in app installations and in-app purchase value, indicating strong initial performance [2] - Unity Software anticipates long-term revenue growth and improved margins from Vector, despite short-term instability during the phased rollout [3] Digital Platform Expansion - Unity Vector, along with other digital tools like Unity Ad Network and Unity Mediation, is expected to improve revenue visibility and profitability [2] - The company is investing in Vector to ensure efficiency and real-time processes, which are crucial for its long-term success [3] Growth Solutions Segment - The Grow Solution segment is projected to benefit from Vector's capabilities, with expectations of mid-single-digit sequential revenue growth in Q3 2025 [4] Competitive Landscape - Unity Software faces competition from major players like Microsoft and AppLovin in the advertising and gaming sectors [5][7] - Microsoft offers development toolkits and has a strong presence in the gaming ecosystem, while AppLovin competes directly in mobile advertising [6][7] Stock Performance and Valuation - Unity Software's stock has increased by 50% year-to-date, outperforming industry benchmarks [8][9] - The stock is trading at a forward 12-month price-to-sales ratio of 7.04, indicating a premium valuation compared to industry peers [10] Earnings Estimates - EPS estimates for 2025 and 2026 have been revised to a loss of 80 cents and 65 cents, respectively, but still reflect year-over-year growth of 52.4% and 18.1% [11]
Reddit vs. Snap: Which Social Media Ad Stock is the Smarter Buy Now?
ZACKS· 2025-08-07 16:55
Core Insights - Reddit (RDDT) and Snap (SNAP) are competing for digital ad budgets, with Reddit focusing on community engagement and Snap on visual messaging and AR experiences [1][2] - Both platforms are investing in AI to enhance ad targeting and campaign performance [1][2] Digital Advertising Market - The global social media ad market is expected to grow from $228.18 billion in 2024 to $406.64 billion by 2029, at a CAGR of 12.25% [2] - Brands are increasingly seeking platforms with personalized reach and engaged audiences, benefiting both Reddit and Snap [2] Reddit's Position - Reddit has over 100,000 active subreddits, with Reddit Answers reaching 6 million weekly active users in Q2 2025, a 5x increase sequentially [4][11] - Ad revenues for Reddit grew 84% year over year to $465 million in Q2 2025, with a consensus estimate of $438.33 million for Q3 2025 [6][12] - Daily Active Uniques (DAUq) rose 21% year over year to 110.4 million in Q2 2025, with a consensus estimate of 113.17 million for Q3 2025 [7] Snap's Position - Snap's global user base reached 469 million DAUs in Q2 2025, an 8.6% year-over-year increase [8] - The Snapchat+ subscriber base approached 16 million, supported by new offerings like Lens+ [9][11] - Commerce-driven ad volume grew 39% year over year in Q2 2025, with newer ad formats like Sponsored Snaps showing stronger conversion outcomes [10][12] Financial Performance and Valuation - RDDT shares have increased by 30.2% year-to-date, while SNAP shares have declined by 27.7% [13] - RDDT trades at 17.35X forward Price/Sales, significantly higher than SNAP's 2.09X [11][16] - The Zacks Consensus Estimate for Reddit's Q3 2025 earnings is 34 cents per share, a 112.5% increase year over year, while SNAP's estimate is 4 cents per share, a 50% decline year over year [18] Investment Outlook - Reddit is building momentum through community engagement and improving ad tools, but its monetization model is still evolving [19] - Snap offers a more mature platform with a broader global footprint and deeper youth traction, making it a more attractive investment option [20]
Palantir: As Revenues Rise, Controversy Grows
Forbes· 2025-08-07 16:55
WASHINGTON, DC - APRIL 30: Alex Karp (R), CEO of Palantir Technologies, speaks on a panel with Jacob Helberg, Co-Founder, Hill & Valley Forum, titled Power, Purpose, and the New American Century at the Hill and Valley Forum at the U.S. Capitol on April 30, 2025 in Washington, DC. The Hill and Valley Forum brings together lawmakers, tech CEO and venture capitalists for discussion on technology and national security. (Photo by Kevin Dietsch/Getty Images)Getty ImagesThe battle between big legacy firms like Loc ...