Core Insights - Taboola has partnered with BuzzFeed Asia to launch DeeperDive, a Gen AI answer engine designed to enhance user engagement and create new revenue streams for publishers [1][4][5] Group 1: Product Overview - DeeperDive integrates AI search capabilities directly on publisher websites, utilizing high-quality content from journalists to provide instant answers to user inquiries [2][7] - The service will initially be available in Singapore, Malaysia, and the Philippines, targeting key Southeast Asian markets [1] Group 2: User Engagement and Experience - The platform encourages users to ask questions and receive immediate, relevant answers, fostering a more interactive and engaging experience [3][7] - By offering multifaceted answers and links to related articles, DeeperDive aims to increase time spent on site and enhance reader loyalty [7] Group 3: Revenue Opportunities - DeeperDive presents a new monetization channel for publishers by allowing contextually relevant ads to be integrated into AI-generated results, capturing search-like advertising revenue [7] - This innovation positions publishers to leverage user inquiries as commercial opportunities while maintaining a seamless user experience [7]

Core Insights - Uber Technologies Inc. is currently viewed as one of the most profitable large-cap stocks, with RBC Capital raising its price target to $110 from $100 while maintaining an Outperform rating [1] - The company's Q3 2025 earnings report showed strong performance, particularly in light of high expectations, with consistent core fundamentals and positive investor sentiment driven by advancements in Autonomous Vehicle technology [1][3] Financial Performance - In Q3, Uber reported a 22% increase in Total Trips, marking the fastest growth rate since 2023, supported by a 21% surge in Mobility Trips [2] - Overall Gross Bookings grew by 21%, leading to $13.47 billion in revenue, which represents a year-over-year increase of 20.37% [2] - The company earned $3.11 per share, exceeding Wall Street estimates by $2.42 [2] Business Expansion - Beyond ride-sharing, Uber is expanding into new verticals, with the Grocery Retail segment achieving a Gross Bookings Run Rate of approximately $12 billion, growing faster than traditional restaurant delivery [3] - Future growth investments include Autonomous Vehicles, local commerce, and Generative AI solutions, highlighted by a partnership with NVIDIA to develop a reference architecture for AVs [3] Company Structure - Uber operates through three main segments: Mobility, Delivery, and Freight, utilizing proprietary technology applications on a global scale [4]

Financial Performance - Total revenue grew by 16% year-over-year to $423 million[99] - Sales-led subscription revenue increased by 18% year-over-year to $349 million[99] - Elastic Cloud revenue grew by 22% year-over-year to $206 million[99] - Non-GAAP operating margin was 165%[97] - The company has 1,600 customers with ACV (Annual Contract Value) greater than $100K[98] - Net Expansion Rate is 112%[109] Market and Product Positioning - 90% of enterprise data is unstructured, highlighting the need for solutions like Elasticsearch[14] - Elasticsearch is positioned as a comprehensive platform for building search, AI, observability, and security solutions[20, 24] - The company emphasizes its ability to deliver relevant results in real-time across various data sources and deployment environments[25, 27] Community and Adoption - 17% of all professional developers use Elasticsearch[77] - 19% of all AI developers use Elasticsearch[77] - Total downloads of Elasticsearch have reached 55 billion[77] Future Outlook - The company projects total revenue of $1715 billion - $1721 billion for the full fiscal year 2026, representing 16% year-over-year growth[113]

Summary of Perfect Corp Conference Call Company Overview - **Company Name**: Perfect Corp - **Ticker Symbol**: PERF - **Market Capitalization**: $175 million with 101 million shares outstanding at $1.75 per share [3] - **Cash Position**: $170 million with no debt [3] - **Founded**: 2015, based in Taipei, Taiwan [3] - **Employee Count**: Approximately 410, with about half in R&D [3] - **Revenue Distribution**: 50% from the US, 25% from the EU, and 20% from Japan [3] Business Model - **B2B and B2C Segments**: - B2B: Provides beauty and fashion software solutions to major brands (e.g., Estée Lauder, Shiseido) [3][5] - B2C: Offers apps available on iOS and Android, focusing on virtual try-on and photo/video editing [3][5] - **Revenue Shift**: - B2B revenue was approximately 75%-80% at the end of 2022, projected to drop to about 30% by the end of 2025 due to faster growth in B2C [5][29] Financial Performance - **Revenue Growth Guidance**: Expected growth of 13%-14.5% for the year, with a positive outlook for surpassing this guidance [26] - **Operating Income**: First positive operating income of $500,000 reported in the third quarter [27] - **Net Income**: Approximately $5 million with margins around 10% [28] - **Subscriber Count**: 940,000 paying subscribers, primarily from developed countries [11] - **Average Selling Price (ASP)**: Increased by $20 due to the introduction of a premium model [9] Technology and Innovation - **Focus on GenAI**: GenAI technology for photo and video editing is a key growth driver [4][20] - **Patents**: Over 55 patents related to their technology [13] - **AI Integration**: Plans to embed AI agents in all apps by 2026, focusing on personalized beauty and fashion advice [18] Market Dynamics - **B2B Challenges**: Financial pressures on brand clients due to macroeconomic factors have slowed B2B growth [5][6] - **B2C Growth**: Rapid growth in B2C driven by changing consumer habits, especially during the pandemic [5] - **Competitive Landscape**: Limited large competitors in the B2B space, with many smaller players in the B2C segment [34] Strategic Initiatives - **M&A Activity**: Recent acquisition of Wannabe, enhancing virtual try-on capabilities for luxury brands [21] - **API Business Growth**: Increased interest from non-beauty companies integrating Perfect Corp's API for virtual try-on solutions [26] Customer Engagement - **User Demographics**: 75%-80% of users are female, primarily in their teens to 20s [34] - **Retention Rate**: High retention rate of over 90% for B2B clients [12][25] Future Outlook - **Growth Avenues**: Continued focus on GenAI technology, skincare analysis, and virtual try-on for accessories [30] - **Potential for Dividends or Buybacks**: Management is considering options based on cash availability [30] Key Risks - **B2B Revenue Dependency**: Slower growth in B2B could impact overall revenue if not offset by B2C growth [6][29] - **Market Competition**: Potential for larger players to enter the market or acquire the company [34] This summary encapsulates the key points discussed during the conference call, highlighting the company's current status, market dynamics, financial performance, and future strategies.

Summary of Perfect Corp (NYSE: PERF) FY Conference Call - November 19, 2025 Company Overview - Perfect Corp is a software company focused on beauty and fashion, founded in 2015 and based in Taipei, Taiwan - Current share price is approximately $1.75 with a market cap of $175 million and $170 million in cash, no debt [1][25] - The company has around 410 employees, with about half in R&D [1][12] Revenue Breakdown - Revenue distribution: approximately 50% from the US, 25% from the EU, and 20% from Japan [2] - Business model includes B2B (providing software solutions to major brands) and B2C (consumer apps available on iOS and Android) [2][3] - Shift in revenue sources: B2B accounted for 75%-80% of revenue at the end of 2022, projected to drop to about 30% by the end of 2025 due to faster growth in B2C [3][36] Growth Drivers - GenAI technology for photo and video editing is a key growth driver for both B2B and B2C segments [3][8] - B2C apps have seen significant growth due to changing consumer habits, especially during the pandemic [4] - The introduction of a premium model for B2C apps has increased average selling price (ASP) by approximately $20 [7] B2B Segment Challenges - B2B growth has slowed due to financial pressures on brand clients from macroeconomic factors like inflation and interest rates [4][5] - Retention rate for B2B clients is over 90%, but cross-selling has become challenging due to client financial constraints [11][22] B2C Segment Insights - B2C apps have approximately 940,000 paying subscribers, primarily from developed countries [9] - Monetization model includes a freemium approach with various subscription options ranging from $5 to $70.99 annually [6][7] - Despite a slight decrease in the number of paid subscribers, ASP continues to grow [28] Technology and Innovation - The company holds over 55 patents and has developed technology in-house for over a decade [12] - Future plans include embedding AI agents in all apps by 2026 to enhance user experience [16][19] Financial Performance - Guidance for revenue growth is between 13%-14.5% for the year, with expectations to surpass this [25] - Operating cash flow is positive, with a net income of about $5 million and margins around 10% [26][27] - The company has increased its workforce by about a third over the past two years to support technology development [26] Market Position and Competition - The company is a leader in the B2B beauty and fashion software market, with limited large competitors [34] - There is potential for M&A activity, as seen with past interest from companies like Alibaba and L'Oréal [30][34] Future Outlook - Continued focus on GenAI technology and skincare analysis, with plans for potential dividends or buybacks depending on management decisions [28][29] - The company aims to leverage its existing data and technology to enhance both B2B and B2C offerings [35] Key Takeaways - Perfect Corp is positioned for growth in the beauty and fashion tech space, with a strong emphasis on AI-driven solutions - The shift from B2B to B2C revenue highlights changing consumer preferences and market dynamics - Financial health appears stable, with positive cash flow and strategic plans for future growth and innovation [25][26][27]

Group 1 - The company is optimistic about the potential of GenAI, believing it will significantly enhance efficiency and create new product opportunities for clients [2][3] - There is a focus on the integration of standard leading products into various workflows, indicating a long-term commitment to embedding advanced technologies [3] - The discussion highlights concerns about disintermediation risks associated with GenAI, suggesting a need for careful consideration of proprietary data and workflow integration [1]

Core Insights - The primary focus of the discussion is on the implications of Generative AI (GenAI) for the company, particularly concerning disintermediation risks and monetization opportunities [1][2] Group 1: Disintermediation Risk - There are concerns regarding disintermediation risk associated with GenAI, prompting inquiries about the proprietary nature of the company's data and its integration into client workflows [1] - The company asserts that AI will not displace its operations, emphasizing the unique position it holds due to its proprietary data [2] Group 2: Monetization Opportunities - The company views GenAI as a significant opportunity for monetization, suggesting that it will enable new ways to generate revenue [1][2] - The discussion indicates that the company is well-positioned to thrive in the AI era due to the unique characteristics of its data [2]

Financial Data and Key Metrics Changes - Third-quarter net sales decreased by 1.5% compared to the previous year, slightly better than year-to-date performance but about 60 basis points softer than Q2 [35] - GAAP EPS for Q3 was $1.51, down from $1.85 a year ago, while adjusted EPS was $1.78, approximately 4% lower than the previous year [40] - Gross margin rate for Q3 was 28.2%, about 10 basis points lower than last year, with pressures from higher markdowns offset by lower inventory shrink [38][39] Business Line Data and Key Metrics Changes - Comparable sales in discretionary categories like home and apparel were down 2.7%, while food and beverage saw growth, particularly in beverages, which were up nearly 7% [26][27] - Digital comparable sales grew by 2.4%, driven by over 35% growth in same-day delivery [26] - The FUN 101 category delivered strong performance, with nearly 10% comp growth in toys and double-digit growth in music and video games [26] Market Data and Key Metrics Changes - Consumer sentiment is at a three-year low, with concerns about jobs and affordability impacting spending behavior [28] - The company is experiencing volatility in sales, with net sales close to flat in August and October but down about 4% in September [38] - The company is reaching around 80% of the U.S. population with same-day delivery, with sales growing more than 35% in this segment [21] Company Strategy and Development Direction - The company is focused on three priorities: solidifying design-led merchandising authority, enhancing the shopping experience, and leveraging technology for efficiency [9][10] - Plans for next year include increasing capital expenditures to about $5 billion, which is $1 billion more than the current year, to support store experience and remodel programs [23][45] - The company is committed to making investments that drive growth, particularly in technology and store experience [64] Management's Comments on Operating Environment and Future Outlook - Management acknowledges that the business has not been performing up to its potential and is focused on returning to sustainable growth [6][9] - The company is actively making changes to improve merchandising authority and guest experience, with a strong emphasis on technology [10][48] - Management expresses confidence in the company's direction and the steps being taken to navigate the current challenging environment [46][49] Other Important Information - The company has eliminated approximately 1,800 roles at headquarters, about 8% of its footprint, to enhance agility and decision-making [10] - The company is introducing 20,000 new items into its holiday assortment, twice as many as last year, with over half exclusive to Target [33] Q&A Session Summary Question: Can we rule out a reset of margin during this investment phase? - Management is committed to making the right investments to achieve desired outcomes in merchandising authority and guest experience [51] Question: What are the most urgent gaps and capabilities? - Management is excited about the momentum in categories like FUN 101 and the focus on creating a consistently elevated experience [55] Question: How does the company view the $5 billion CapEx investment? - Investments will focus on areas that drive growth, including new stores, remodels, and technology enhancements [60][64] Question: How is the company addressing the need for change? - Management emphasizes the importance of driving change to achieve different outcomes and is focused on clear priorities [66]

以下文章来源于十点人物志 ，作者吕一含、灯灯 十点人物志 . 在这里，遇见每一个值得被记录的人 詹妮弗很疑惑：一个如此常见且有杀伤力的疾病，怎么能被医学忽视了？ 从哈佛退学后，她在床上拍摄了纪录片《起身》 （Unrest） ，记录自己与这种被医学遗忘的疾病作斗争的故事。在一场Ted演讲上，她讲述了这种疾 病是如何被隐形、被污名化甚至被错误地归结于精神问题的过程，"如果你是女性，你会被告知你夸大了症状。如果你是男性，人们会告诉你要坚强， 要振作"。 Jennifer 在Ted演讲 对确诊慢性疲劳综合症的患者而言，身体的疲劳、虚弱、疼痛只是一部分，伴随而来的，还有孤独和自我怀疑。 这是一场难以治愈、看不到终点的持 久战。 身体像是一节用了很久的电池 本文来自微信公众号： 十点人物志 ，作者：吕一含、灯灯，题图来自：视觉中国 一次40度高烧后，28岁的哈佛博士生詹妮弗 （Jennifer Brea） 察觉自己的身体出现了异样的虚弱：退烧后，整整三周她的身体都疲软无力，无法出 门，紧贴着墙壁才能走到卫生间；有时她会累到说不出话，身体无法动弹，甚至画不出完整的圆。 然而，各项检查都显示她的身体无比正常，只有詹妮弗能感到 ...

Core Insights - The article discusses the significant decoupling of labor and capital, highlighting how companies like Nvidia have achieved unprecedented market valuations with minimal employee growth [1][4][30] - It emphasizes that this trend is not limited to tech companies, as seen in Walmart's revenue growth without an increase in full-time employees [30] Group 1: Nvidia and Market Valuation - Nvidia reached a market valuation of $4 trillion with only 36,000 employees, creating a historical record for market value per employee [1][4] - The comparison of Nvidia's market value to the GDP of 1.5 billion Indians illustrates the scale of its economic impact [1] Group 2: Labor and Capital Decoupling - The article notes that in 2007, HP became the first tech company to surpass $100 billion in annual revenue with 172,000 employees, while current tech giants show a stark contrast in employee growth relative to revenue [4][5] - Companies like Apple, Google, Microsoft, and Meta have significantly reduced the number of employees needed to achieve new revenue milestones, indicating a trend of increasing productivity without proportional labor growth [12][16][19][22] Group 3: Amazon's Unique Position - Amazon's recent growth in revenue did not follow the same pattern as other tech companies, as it added 36,000 employees to achieve a $200 billion revenue increase, reflecting a misjudgment of post-pandemic market conditions [25] - The CEO of Amazon indicated that the introduction of AI technologies could lead to a reduction in workforce while increasing efficiency [25][27] Group 4: Future Implications of AGI - The article posits that the next trillion-dollar revenue increase may require even fewer employees, suggesting a long-term trend of labor and capital decoupling that has been ongoing for years [30] - The discussion around AGI is framed as a gradual evolution rather than a sudden event, with AI accelerating the transition towards this new economic reality [30][31] Group 5: Economic Structure and Market Dynamics - The article suggests a future economic landscape characterized by a "smile curve," where large tech companies operate with minimal employee growth while empowering smaller entities like individual sellers and content creators [38] - This evolving structure indicates that the middle segment of the economy may face increasing pressure, highlighting the need for adaptation in the workforce [38]