Financial Data and Key Metrics Changes - For Q4 2025, Trip.com Group reported net revenue of RMB 15.4 billion, a 21% increase year-over-year, driven by robust travel demand during the winter holiday [24] - For the full year 2025, gross bookings reached RMB 1.1 trillion, with net revenue totaling RMB 62.4 billion, reflecting a 17% year-over-year increase [24][9] - Income from operations for 2025 was RMB 15.8 billion, an 11% increase year-over-year, while net income attributable to Trip.com Group Limited was RMB 13.4 billion [24][9] - Adjusted EBITDA for Q4 was RMB 3.4 billion, compared to RMB 3.0 billion in the same period last year, with full-year adjusted EBITDA at RMB 18.9 billion, an 11% growth year-over-year [28] Business Line Data and Key Metrics Changes - Accommodation reservation revenue for Q4 was RMB 6.3 billion, a 21% increase year-over-year, while full-year revenue was RMB 26.1 billion, also a 21% increase [25][26] - Transportation ticketing revenue for Q4 was RMB 5.4 billion, a 12% increase year-over-year, with full-year revenue at RMB 22.5 billion, an 11% increase [26] - Package tour revenue for Q4 was RMB 1.1 billion, a 21% increase year-over-year, and full-year revenue was RMB 4.7 billion, an 8% increase [26] - Corporate travel revenue for Q4 was RMB 808 million, a 15% increase year-over-year, with full-year revenue at RMB 2.8 billion, a 13% increase [27] Market Data and Key Metrics Changes - APAC remained the largest source of inbound travelers, with demand from Western markets expanding, reflecting rising international interest in China as a travel destination [10] - The international OTA platform saw gross bookings increase by approximately 60% year-over-year, with international business contributing about 40% of total revenue in 2025, up from around 35% in 2024 [13][53] Company Strategy and Development Direction - The company focuses on three key investment areas: inbound tourism, social responsibility initiatives, and AI innovation, viewing inbound travel as a significant growth driver [4][6] - A $100 million tourism innovation fund was launched to support commercial innovation across the travel ecosystem, alongside initiatives to enhance service quality and sustainability [6][19] - The company aims to create a seamless travel experience by integrating technology and enhancing service capabilities, particularly for inbound travelers [5][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth of inbound tourism, projecting significant growth potential as it currently accounts for only about 0.5% of China's GDP [45] - The company remains committed to fostering a transparent and sustainable travel ecosystem while focusing on long-term value creation for shareholders [23][35] Other Important Information - The company is cooperating with the State Administration for Market Regulation regarding a regulatory investigation, emphasizing its commitment to compliance and transparency [23] - In 2025, the company invested approximately RMB 2.9 billion to enhance the overall travel experience, including customer protections and service enhancements [20] Q&A Session Summary Question: Update on the recent SAMR investigation - The company is actively cooperating with the State Administration for Market Regulation and remains committed to transparency and sustainable practices [32][34] Question: Impact of AI disintermediation on OTA business model - Management views AI advancements as a catalyst for their strategy, emphasizing the importance of their transactional and service layers in the travel industry [37][39] Question: Future growth trajectory for inbound tourism - Management believes inbound tourism in China is at the start of a significant growth cycle, with potential for 5-10 times growth compared to current levels [45][46] Question: Booking trends during Chinese New Year - The extended holiday stimulated strong travel demand, with double-digit growth in domestic hotel and outbound business [50][52] Question: Competition in the domestic travel market - Management acknowledges dynamic competition but emphasizes their focus on high service levels, comprehensive product offerings, and global coverage as competitive advantages [55][59] Question: Operational highlights and outlook for 2026 - The international OTA platform achieved around 60% year-over-year growth, with a focus on expanding presence in APAC and improving profitability [64][66] Question: Update on shareholder return program - The company fully utilized its share repurchase quota in 2025 and remains committed to delivering long-term shareholder value [73][74]

Key Takeaways CRWD integrated Falcon Shield with Qualtrics to expand SaaS security into sensitive business apps.CrowdStrike made Falcon available on Microsoft Marketplace, easing cloud procurement and deployment.CRWD's deals with NordVPN and Aramco extend its platform into consumer security and critical infrastructure.CrowdStrike Holdings (CRWD) is using partnerships to support growth and expand its reach. The company’s recent partnerships with Qualtrics, Microsoft, NordVPN and Saudi Aramco demonstrate how ...

Earnings season comes calling for three popular stocks.Don't let this holiday-shortened trading week lull you into a sense of financial slumber. Earnings season continues, and more than a few stocks will be on the move after their respective companies' latest quarterly numbers come out.A few of the stocks I hope will step up nicely this week include Palo Alto Networks (PANW +2.52%), Booking Holdings (BKNG 0.52%), and Walmart (WMT +0.19%). They have a lot to prove in the next four trading days. Let's take a ...

Fiscal 2026 First Quarter Earnings Call Bruce Caswell President & Chief Executive Officer February 5, 2026 1 | Maximus: Q1 FY26 Earnings Presentation Forward-looking Statements & Non-GAAP Information These slides should be read in conjunction with our most recent quarterly earnings press release, along with listening to or reading a transcript of management comments from our most recent quarterly earnings conference call. This document contains non-GAAP financial information. Management uses this informatio ...

Core Viewpoint - ReelTime Media, Inc. has successfully reduced its outstanding debt by over 50% through strategic renegotiations, enhancing its balance sheet and positioning for long-term growth and shareholder value [1][6]. Debt Reduction Strategy - The company reached an agreement with its largest debt holder to retire a note with an outstanding balance of approximately $2.86 million at a 15% interest rate, replacing it with a new note of approximately $286,000 at a reduced 5% interest rate, maturing on February 1, 2028 [4]. - Additionally, ReelTime extinguished approximately $63,000 in legacy debt, resulting in a 20% reduction in potential dilution relative to prior conversion terms [5]. - This marks the second major debt reduction in the past year, with a total debt reduction exceeding 64%, including a previous reduction of approximately $1.2 million in April [5]. Financial Position and Strategy - The company's CEO emphasized a disciplined strategy to improve financial position while protecting shareholder interests, focusing on reducing high-interest obligations and eliminating legacy liabilities [6]. - ReelTime is currently negotiating with remaining long-term note holders to modify and restart multiple outstanding notes, aiming to further reduce potential dilution and streamline its capital structure [6]. Industry Context - Unlike many leading AI infrastructure companies that are increasing leverage for capital-intensive expansions, ReelTime is prioritizing balance-sheet strength and disciplined capital management [7][8]. - The company believes its approach provides a unique financial advantage in a market that rewards capital efficiency and sustainable growth [8]. Company Overview - ReelTime Media, based in the Seattle area, is a multimedia production and AI innovation company, known for its flagship Reel Intelligence platform that offers tools for creating various media content [9].

Core Insights - Blackbaud will report its fourth quarter and full year 2025 financial results on February 10, 2026, at 8:00 a.m. ET, which will include guidance for 2026 and discussions on long-term aspirational goals and AI innovation [1][2] Company Overview - Blackbaud is recognized as the world's leading provider of AI-powered solutions for social impact, serving various sectors including nonprofits, educational institutions, and companies focused on corporate social responsibility [3] - The company aims to enhance impact at scale through intelligent solutions for fundraising, financial management, digital giving, grant making, and education management, leveraging the largest philanthropic data set [3] - Blackbaud operates in multiple countries including the United States, Australia, Canada, Costa Rica, India, and the United Kingdom, supporting users in over 100 countries [3]

Core Insights - HPE has announced a strategic collaboration with 2degrees to develop a private AI platform aimed at enhancing AI-driven innovation and modernizing 2degrees' technology environment [1][2][4] Group 1: Collaboration and Technology - The partnership focuses on creating a purpose-built private AI platform using HPE Private Cloud AI, which will enable 2degrees to deliver more agile and scalable solutions while ensuring data sovereignty [1][2][4] - The new AI platform will allow 2degrees to dynamically allocate resources across various AI use cases, optimizing network operations and reducing internal development cycles [2][3] Group 2: Benefits and Applications - The collaboration is expected to improve network performance, making it more resilient and predictable, while also enabling faster development and release of new products and features [3][5] - Initial AI use cases include autonomous network operations, predictive maintenance, and AI-powered capacity planning, which will enhance the overall customer experience [5][6] Group 3: Commitment to Data Sovereignty - 2degrees emphasizes its commitment to data sovereignty, ensuring that customer and operational data remain under New Zealand jurisdiction, which is increasingly important amid complex global data regulations [4][6] - The partnership with HPE is seen as a benchmark for how New Zealand organizations can responsibly utilize AI while maintaining control over their data [4][6]

Financial Data and Key Metrics Changes - In the fourth quarter of 2025, GAAP net income was $75.3 million, with diluted earnings per share at $1.52, resulting in a 1.20% return on assets and an 8.38% return on average common equity [12] - Adjusted operating net income for the quarter was $84.4 million, or $1.70 diluted EPS, representing a 1.34% return on assets and a 9.38% return on average common equity [12] - Operating EPS increased by 60% and operating ROAA rose by 40 basis points compared to the first quarter of 2025 [2] Business Line Data and Key Metrics Changes - C&I loans increased 9% organically in 2025, now representing 25% of total loans, up from 22% at year-end 2024 [6] - Total commercial loans closed were $789 million in the fourth quarter, up from $754 million in the previous quarter [6] - Non-time deposits grew organically by 4.2% in 2025, with DDAs representing 28% of overall deposits [7] Market Data and Key Metrics Changes - The cost of total deposits was 1.46% in the fourth quarter, reflecting the value of the deposit franchise [7] - Legacy Rockland Trust branches generated record new business relationships, totaling 6,921, with 97% of branches achieving positive net new growth in business relationships [8] Company Strategy and Development Direction - The company aims to focus on organic growth, expense management, and capital optimization moving into 2026 [10] - Plans include hiring more commercial lenders and aligning incentive structures to emphasize both loan and deposit growth [9] - The company is not currently focused on M&A, prioritizing organic growth and successful integration of the enterprise acquisition [32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning across markets, driven by product strength and employee dedication [10] - The overall asset quality remains stable, with no significant loss exposures currently in workout status [22] - Management anticipates continued margin expansion from cash flow repricing dynamics in both loan and securities portfolios [22] Other Important Information - The company returned $164 million of capital to shareholders in 2025, including the repurchase of 913,000 shares for $61 million [8] - The fourth quarter results benefited from a lower tax rate due to one-time adjustments associated with the corporate tax return [14] Q&A Session Summary Question: Can you walk through the dynamics with the criticized classified loans? - Management noted that the increase in non-performing assets was primarily due to one specific loan that is now in the first quarter 2026 maturity bucket, which is expected to be resolved early in 2026 [27][29] Question: What is the outlook on deposit betas with potential rate cuts? - Management indicated that they expect to maintain a 20% beta on non-CD deposits and 80% on CDs, reflecting their deposit franchise structure [30][31] Question: What is the outlook on M&A? - Management stated that they are not focused on M&A at the moment, prioritizing organic growth and successful integration of the enterprise acquisition [32] Question: What are the plans for hiring additional commercial loan officers? - Management mentioned that they are in a good position with new hires from the previous year and expect inherent C&I growth from these new team members [57] Question: Can you provide guidance on capital targets? - Management indicated long-term capital targets for CET1 in the high 11%-12% range, suggesting a focus on returning capital to shareholders through buybacks [39]

NEW YORK: Finn Partners has hired Andrea Delafield as head of digital and data strategy.In the newly created role, Delafield leads Finn Partners’ core technical disciplines, including SEO, UX, development, martech and data science, while supporting AI innovation initiatives, the agency said in a statement.She started in the position in late October and reports to Finn Partners global head of digital Alexis Pratsides. Delafield’s remit includes about 20 staff across the agency’s SEO, data, conversion rate op ...

Core Insights - Faraday Future has commenced assembly production of the FX Super One MPV pre-production vehicles at its Hanford, California factory, with a ceremony for the first vehicle scheduled for December 21, 2025 [1][3] - This production milestone signifies the near completion of the Company's Bridge strategy, which aims to create a closed loop of supply chain, testing, logistics, customs clearance, and production [1][8] Production Details - The assembly process follows the arrival of nearly 3,000 parts per vehicle needed for the first batch of FX Super One vehicles, which will be utilized for testing and marketing in the U.S. [3][6] - The Hanford facility, named "FF aiFactory California," has seen approximately $300 million invested and is expected to produce over 30,000 FX vehicles annually with further investment [7] Vehicle Features - The FX Super One is designed as an affordable mass-market MPV, featuring a spacious interior with high-end materials, advanced technology, and multiple rows for passenger comfort [9] - It will offer all-wheel drive (AWD) and two powertrain options: battery electric and an AI hybrid extended range configuration to be introduced later [9] Strategic Goals - The production of the FX Super One is a critical step towards achieving the Company's broader goals, including ensuring operational efficiency and compliance with various standards [8] - The Company is also focused on comprehensive engineering efforts, including safety testing and validation, to meet high standards of quality and performance for the FX Super One [8]