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VEON 1Q25 Earnings Release: Strong Start to 2025, Digital Revenues Surge 50%, Driving Growth
GlobeNewswire News Room· 2025-05-15 04:04
Core Insights - VEON reported a total revenue growth of 8.9% year-on-year to USD 1,026 million for Q1 2025, with underlying local currency growth at 12.9% [2][9] - EBITDA increased by 13.7% year-on-year to USD 439 million, with a 10.4% increase in underlying local currency terms [4][9] - Direct digital revenue grew significantly by 50.2% year-on-year to USD 147 million, representing 14.3% of total revenues for the quarter [4][9] Financial Performance - The company achieved a year-on-year revenue growth of 8.9% in reported currency and 12.9% in local currency, adjusted for the impact of a cyberattack in Ukraine and the deconsolidation of TNS+ in Kazakhstan [2][3] - EBITDA for the quarter was USD 439 million, reflecting a 13.7% increase in reported currency and a 10.4% increase in underlying local currency terms [4][9] - Total cash and cash equivalents as of March 31, 2025, amounted to USD 1,775 million, with net debt to LTM EBITDA declining to 1.23x [5][9] Capital Expenditure and Outlook - Capex increased by 8.3% year-on-year, with a capex intensity of 13.1% [5] - The company maintains its FY25 outlook, expecting underlying local currency revenue growth of 12% to 14% and EBITDA growth of 13% to 15% [6] Share Buyback Program - VEON commenced the second phase of its share buyback program in March 2025, amounting to up to USD 35 million, following the completion of the first phase [7] Strategic Focus - The company emphasizes disciplined execution and innovation, aiming to enhance customer experiences through technology-driven services [10][11]
Tripadvisor Announces Cancun & Las Vegas as the Top Destinations For Travelers with Release of Annual Summer Travel Index
Prnewswire· 2025-05-15 04:01
New Report Suggests an Increased Interest in International Travel Among US Travelers and Gen ZNEEDHAM, Mass., May 15, 2025 /PRNewswire/ -- Tripadvisor, the world's largest travel guidance platform, predicts a busy travel season according to the brand's annual Summer Travel Index, released today, with 63% indicating excitement for the upcoming travel season. Top 5 Destinations for Global Travelers according to the Tripadvisor Summer Travel Index 2025. Tripadvisor's Summer Travel Index uncovers the top a ...
Dividend payment ex-date of AS Harju Elekter Group
GlobeNewswire· 2025-05-15 04:00
Dividend Payment Information - AS Harju Elekter Group will close the list of shareholders for dividend payment on 21 May 2025 at the end of the working day of the Nasdaq CSD Estonian settlement system [1] - The ex-date, or the day of change of the rights related to the shares, is set for 20 May 2025, meaning new owners of the shares from that date will not be entitled to dividends for the year 2024 [1] - The company will pay a dividend of 0.15 euros per share on 28 May 2025 [1]
Accel Entertainment: A Quarter With Horsepower
Seeking Alpha· 2025-05-15 03:35
Group 1 - Accel Entertainment's stock is currently facing challenges despite potential upside linked to Fairmount Park, a historic property in the St. Louis metro area [1] - The company specializes in analyzing restaurant stocks across various segments, including QSR, fast casual, casual dining, fine dining, and family dining [1] - Advanced analytical models and specialized valuation techniques are employed to provide detailed insights and actionable strategies for investors [1] Group 2 - The founder of Goulart's Restaurant Stocks actively engages in academic and journalistic initiatives, contributing to institutions that promote individual and economic freedom [1] - Previous contributions included discussions on monetary policy, financial education, and financial modeling aimed at making these subjects accessible to a broader audience [1]
Sitio Royalties: Strong Start To 2025 With Total Production Results
Seeking Alpha· 2025-05-15 03:27
Core Insights - Sitio Royalties (NYSE: STR) reported strong Q1 2025 total production results, although there was a decline in oil cut [2] - The oil production for Q1 2025 was 2% above the midpoint of the company's full-year guidance [2] Company Overview - Sitio Royalties focuses on value opportunities and distressed plays, particularly in the energy sector [2] - The company has a beneficial long position in its shares, indicating confidence in its future performance [2]
flyExclusive, Inc. (FLYX) Q1 2025 Earnings Conference Call Transcript
Seeking Alpha· 2025-05-15 03:27
Core Points - flyExclusive reported its first quarter 2025 financial results, which were announced after market close [2] - The company continues to undergo a transformation that began in 2024, with benefits now becoming evident [5] Financial Information - The company filed its Form 10-Q for the quarter ended March 31, 2025, which includes important disclosures and reconciliations of non-GAAP information [2][3] - Non-GAAP information will be discussed during the earnings call, with a reference to the SEC filings for detailed reconciliations [3] Leadership and Participation - The earnings call featured key participants including Jim Segrave, the Founder and CEO, and Brad Garner, the CFO [2][4] - Kyle Nagarkar from Solebury Strategic Communications facilitated the call [1]
Primega Group Holdings Limited Announces Ticker Symbol Change to ZDAI
GlobeNewswire· 2025-05-15 03:27
Company Overview - Primega Group Holdings Limited is changing its ticker symbol from "PGHL" to "ZDAI" on the Nasdaq Stock Market, effective May 16, 2025, reflecting its evolving identity and strategic vision [1][3] - The company is based in the Cayman Islands and operates through its Hong Kong subsidiary, Primega Construction Engineering Co. Limited, focusing on environmentally friendly transportation services and minimizing construction waste [5] Strategic Focus - Primega Group Holdings Limited is venturing into technological advancements, including hotel marketing software development, digitized supply chain platforms, AI and IoT integration, cloud computing, and intelligent engineering equipment [2] - The new ticker symbol "ZDAI" symbolizes the company's commitment to innovation, growth, and excellence [1][3] Leadership Statement - Tan Yu, Chairman of Primega Group Holdings Limited, expressed excitement about the new ticker symbol, indicating it aligns with the company's corporate objectives and future trajectory, marking an important milestone for growth and success [3]
Applied Optoelectronics Reports Improved Q1 2025 Financial Performance As It Ramps Up Production
Seeking Alpha· 2025-05-15 03:17
Group 1 - Applied Optoelectronics (NASDAQ: AAOI) reported Q1-2025 earnings and provided an outlook for Q2-2025, indicating higher revenue due to increased demand for data center and CATV products [1] - The company has experienced revenue growth for the last two quarters and forecasts continued revenue growth moving forward [1]
Universal Music Group: Reaffirm Buy Rating As Earnings Growth Profile Got Better
Seeking Alpha· 2025-05-15 03:03
Core Insights - The article emphasizes a strong foundation in fundamental analysis and the identification of undervalued companies with long-term growth potential [1] - The investment approach combines value investing principles with a focus on long-term growth, advocating for the purchase of quality companies at a discount to their intrinsic value [1] Investment Strategy - The strategy involves holding investments for the long term to allow for compounding of earnings and shareholder returns [1]
FDA Provides Seven Years of Orphan-Drug Exclusive Approval for Ryoncil®
GlobeNewswire· 2025-05-15 02:57
Core Insights - Mesoblast has received seven years of orphan-drug exclusive approval from the FDA for Ryoncil (remestemcel-L) to treat steroid-refractory acute graft versus host disease (SR-aGvHD) in pediatric patients aged 2 months and older [1][5] - The FDA's approval grants Mesoblast statutory exclusivity, preventing the approval of other mesenchymal stromal or stem cell products for this indication during the exclusivity period [2] - Mesoblast holds biologic exclusivity that prevents other sponsors from referencing the Ryoncil biologic license application until December 2036, providing a barrier against biosimilar market entry [2] - The company has a strong U.S. intellectual property position on MSC composition, manufacturing, and indications, providing commercial protection against competitors through 2044 [3][7] Company Overview - Mesoblast is a leader in developing allogeneic cellular medicines for severe inflammatory conditions, utilizing proprietary mesenchymal lineage cell therapy technology [4] - Ryoncil is the first FDA-approved MSC therapy for SR-aGvHD in pediatric patients [5] - The company is also developing additional cell therapies for other inflammatory diseases and has established commercial partnerships in Japan, Europe, and China [6] Intellectual Property and Manufacturing - Mesoblast has over 1,000 granted patents or patent applications covering various aspects of MSC technology, expected to provide commercial protection through at least 2044 [7] - The company's proprietary manufacturing processes yield industrial-scale, cryopreserved, off-the-shelf cellular medicines, ensuring availability to patients worldwide [8]