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FTI Consulting Tops Q2 Estimates
The Motley Fool· 2025-07-25 23:22
Core Insights - FTI Consulting reported Q2 2025 earnings that exceeded Wall Street expectations despite a mild decline in revenue and earnings per share compared to the previous year [1][2] - The company generated GAAP revenue of $943.7 million, surpassing estimates by $21.7 million, and GAAP earnings per share of $2.13, exceeding the $2.10 estimate [1][2] - The performance varied significantly across different business segments, with some experiencing growth while others faced challenges due to macroeconomic factors [1] Financial Performance - Q2 2025 GAAP revenue was $943.7 million, a decrease of 0.6% year-over-year from $949.2 million in Q2 2024 [2] - GAAP earnings per share fell by 9.0% from $2.34 in Q2 2024 to $2.13 in Q2 2025 [2] - Adjusted EBITDA decreased by 3.7% to $111.6 million from $115.9 million in the prior year [2] - Net income dropped 14.5% to $71.7 million from $83.9 million in Q2 2024 [2] - Operating margin was 10.5%, down from 11.0% in the previous year [2] Business Segments Overview - Corporate Finance & Restructuring segment reported $379.2 million in GAAP revenue, up 9.0% year-over-year, driven by increased demand for restructuring services [5] - Forensic and Litigation Consulting generated $186.5 million in GAAP revenue, a 10.0% increase, benefiting from higher bill rates [6] - Economic Consulting saw a significant decline in GAAP revenue to $191.7 million, down 17.0% due to reduced deal volume [7] - Technology unit's revenue fell 27.9% to $83.6 million, impacted by lower demand for merger-related projects [8] - Strategic Communications achieved strong growth with revenue up 20.8% to $102.7 million, driven by increased demand for reputation management services [10] Cash Flow and Balance Sheet - Cash generated from operations decreased to $55.7 million from $135.2 million in Q2 2024, primarily due to higher forgivable loan issuances and increased compensation payments [11] - Net debt rose to $317.2 million from a net cash position of $166.4 million a year earlier [11] - Total liabilities increased to $1.59 billion, reflecting higher long-term debt and commitments to retain talent [12] Future Guidance - Management updated FY2025 revenue guidance to a range of $3.66 billion to $3.76 billion, indicating flat growth compared to FY2024 [13] - Full-year GAAP earnings per share is projected between $7.24 and $7.84, with adjusted EPS forecasted between $7.80 and $8.40 [13] - The company highlighted potential declines in adjusted EPS for the first time in a decade due to ongoing weakness in certain segments [13]
Galaxy Executes One of the Largest Notional Bitcoin Transactions Ever
Prnewswire· 2025-07-25 20:30
Core Viewpoint - Galaxy Digital Inc. has successfully executed one of the largest notional bitcoin transactions in crypto history, selling over 80,000 bitcoin valued at over $9 billion for a Satoshi-era investor as part of an estate planning strategy [1][2]. Company Overview - Galaxy Digital Inc. is a global leader in digital assets and data center infrastructure, providing solutions that enhance progress in finance and artificial intelligence [3]. - The company's digital assets platform offers institutional access to various services including trading, advisory, asset management, staking, self-custody, and tokenization technology [3]. - Galaxy also invests in and operates advanced data center infrastructure to support AI and high-performance computing, addressing the increasing demand for scalable energy and computing solutions in the U.S. [3]. - The company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia [3].
OSL Group Secures $300 Million to Expand Digital Asset Platform
PYMNTS.com· 2025-07-25 15:48
Core Insights - OSL Group secured $300 million in equity financing to accelerate global expansion [1][2] - The new capital will be used for licensing, acquisitions, partnerships, and developing new payment and stablecoin initiatives [2][5] - OSL Group is expanding its regulated services across Japan, Australia, Europe, and potentially Southeast Asia [3][4] Company Expansion Plans - OSL Group has acquired regulated platforms in Japan, Indonesia, and Canada, with plans to expand into Vietnam, Thailand, Turkey, and Latin America [4] - The company is exploring partnerships with stablecoin issuers ahead of Hong Kong's stablecoin licensing regime launch [4][5] Services and Infrastructure - OSL Group offers regulated services including OTC brokerage, custody, retail trading channels, and wealth management solutions [3] - The company’s payments division, OSL Pay, aims to enhance regulated fiat-to-crypto infrastructure [5][6] - OSL Wealth, launched in April, focuses on traditional investors managing crypto assets, providing access to tokenized treasury assets and crypto-structured products [6]
X @Ivan on Tech 🍳📈💰
Personnel Change - BlackRock's head of digital assets leaves the company [1] - The individual joins SharpLink Gaming, the second-biggest Ethereum treasury company [1]
X @Crypto Rover
Crypto Rover· 2025-07-25 14:52
💥BREAKING:BLACKROCK’S HEAD OF DIGITAL ASSETS LEAVES THE COMPANY TO JOIN SECOND-BIGGEST ETHEREUM TREASURY COMPANY, SHARPLINK GAMING. ...
X @Wendy O
Wendy O· 2025-07-25 13:12
$15,000 ETHEREUM now that BlackRock is here.SharpLink (SBET) (@SharpLinkGaming):NEW: Joseph Chalom, former Head of Digital Assets Strategy @BlackRock, joins SharpLink as Co-CEOAfter two decades at BlackRock, where he helped launch IBIT ($87B+ AUM), ETHA ($10B+ AUM), and BUIDL (the first tokenized Treasury fund on Ethereum), @joechalom is now joining https://t.co/utOa76AhwE ...
X @TylerD 🧙‍♂️
TylerD 🧙‍♂️· 2025-07-25 12:34
Huge news out of SBET 📢SharpLink has appointed Joseph Chalom as Co-CEOJoseph is the former Head of Digital Assets Strategy at BlackRock and helped launch IBIT, ETHA and BUIDL.Incredible track record and another big vote of confidence for SBET https://t.co/cgGE6vWZ4C ...
SharpLink Welcomes BlackRock Digital Assets Pioneer Joseph Chalom as Newly Appointed Co-CEO
GlobeNewswire News Room· 2025-07-25 12:00
Core Insights - SharpLink Gaming, Inc. has appointed Joseph Chalom, a former senior executive at BlackRock, as its new Co-CEO, effective July 24, 2025, bringing significant experience in digital finance and institutional adoption of digital assets [3][4][5] - Chalom's leadership is expected to enhance SharpLink's strategy in aligning with the Ethereum ecosystem, which is seen as a transformative opportunity for the company's future [6][10] Company Overview - SharpLink Gaming, Inc. is recognized as one of the largest corporate holders of Ether (ETH) and is a prominent advocate for Ethereum adoption [3][10] - The company has adopted Ether as its primary treasury reserve asset, providing investors with direct exposure to Ethereum, the second-largest digital asset [10][11] - SharpLink is focused on innovating the online gaming industry by developing scalable, secure, and transparent solutions [11] Leadership Transition - Rob Phythian, the current CEO, will transition to the role of President and remain on the Board of Directors [4] - Joseph Chalom has a distinguished 20-year career at BlackRock, where he held multiple senior leadership roles and was instrumental in the firm's entry into digital assets [7][8] Strategic Vision - Chalom's appointment is viewed as a validation of SharpLink's ETH treasury strategy and its vision for Ethereum's role in the digital economy [5][6] - The company aims to leverage Ethereum's unique value proposition to drive innovation in financial technologies [6]
SharpLink Welcomes BlackRock Digital Assets Pioneer Joseph Chalom as Newly Appointed Co-CEO
Globenewswire· 2025-07-25 12:00
Company Overview - SharpLink Gaming, Inc. is one of the world's largest corporate holders of Ether (ETH) and a prominent advocate for Ethereum adoption [1][8] - The company is headquartered in Minneapolis, Minnesota, and is publicly traded on Nasdaq under the ticker SBET [8] Leadership Changes - Joseph Chalom, a former senior executive at BlackRock, has been appointed as the new Co-Chief Executive Officer of SharpLink, effective July 24, 2025 [1] - Rob Phythian, the current CEO, will transition to the role of President and remain on the Board of Directors [2] Strategic Vision - Joseph Chalom's appointment is seen as a validation of SharpLink's ETH treasury strategy and its vision for Ethereum to drive transformative change in the digital economy [3] - Chalom expressed enthusiasm for shaping the future of financial infrastructure and decentralized finance, aligning SharpLink's strategic direction with the Ethereum ecosystem [4] Chalom's Background - Chalom has over 20 years of experience at BlackRock, where he led digital finance innovations and was instrumental in launching the iShares Ethereum Trust (ETHA), which has over $10 billion in assets [1][5] - He held multiple senior leadership roles at BlackRock, including interim Deputy Chief Operating Officer and Chief Operating Officer of BlackRock Solutions [6] Industry Position - SharpLink is positioned as a leader in the online gaming sector, aiming to innovate and challenge outdated models through scalable, secure, and transparent solutions [9]
X @Binance
Binance· 2025-07-24 20:00
RT Binance VIP & Institutional (@BinanceVIP)#Binance now supports tokenized real-world assets in its off-exchange custody infrastructure, enabling institutions to access digital assets with control, yield, security, and capital efficiency.What this means 👉https://t.co/70CkoMKBAs https://t.co/ceMK7mlgmr ...