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BIGG Digital Assets Inc. Reports Audited Financial Results for 2024
Globenewswire· 2025-05-01 01:42
Core Insights - BIGG Digital Assets Inc. reported a net loss of CAD 25.83 million for fiscal 2024, compared to CAD 11.07 million in 2023, with a normalized net loss of CAD 1.29 million before tax liabilities and goodwill impairment [3] - The company achieved gross operating revenue of CAD 12.43 million in 2024, a significant increase from CAD 6.5 million in 2023, driven primarily by Netcoins [4] - Netcoins revenues surged by 112% year-over-year to CAD 10.56 million, with a trading volume of CAD 831 million, while active users increased by 30% to approximately 42,406 [4][6] - Blockchain Intelligence Group's revenues rose by 11% year-over-year to CAD 1.67 million, although its margin rate decreased to 69% due to higher costs [4] - TerraZero generated CAD 0.2 million in revenue, focusing on the development of its Intraverse platform, which is expected to launch revenue-generating activities in fiscal 2025 [3][4] Financial Performance - The company recorded a tax liability provision of CAD 8.46 million related to a GST/HST reassessment by CRA, which it is contesting [4] - A goodwill impairment of CAD 16 million was recorded due to the acquisition of TerraZero, attributed to the nascent nature of the industry and lack of comparable companies [4] - As of December 31, 2024, BIGG's cash and crypto holdings were approximately CAD 25.1 million, with no debt [4] Business Developments - The launch of TerraZero's Intraverse platform is anticipated to generate revenues in fiscal 2025, targeting a young user base familiar with Web3 [3][8] - Blockchain Intelligence Group introduced two new products: TokenEyes, a consumer-focused security app, and QLUE Express, a streamlined investigative tool [7] - The company aims to integrate blockchain and crypto into the Intraverse platform, creating a creator economy and social network [8] Market Position - BIGG Digital Assets operates across three segments: immersive metaverse experiences (TerraZero), a cryptocurrency trading platform (Netcoins), and big data/blockchain technology solutions (Blockchain Intelligence Group) [9] - Netcoins currently has customer assets under custody of approximately CAD 174 million, with a treasury of fiat and crypto assets valued at around CAD 30 million [11]
扛住关税压力加码AI!Meta Q1广告收入仍两位数增长 大幅上调今年支出指引
Hua Er Jie Jian Wen· 2025-04-30 21:42
美东时间4月30日周三,Meta公布截至2025年3月31日的公司第一季度财务数据,以及二季度及全年的业绩指引。 今年一季度,经营Facebook等社交媒体的数字广告巨头Meta扛住了特朗普政府关税风暴将至的冲击,营收和盈利增长放缓程度没有华尔街预期的严重,"现 金牛"广告的收入总体稳健。Meta还大幅提高了今年的资本支出预期规模,进一步加码人工智能(AI)相关投入。 财报公布后,收跌近1%的Meta股价周三盘后拉升,盘后一度涨6%。 1)主要财务数据 营收:一季度营收423.1亿美元,同比增长约16%,分析师预期413.8亿美元,四季度增长21%。 EPS:一季度稀释后每股收益(EPS)为6.43美元,同比增长约37%,分析师预期5.25美元,四季度增长50.5%。 资本支出:包括融资租赁的本金支付在内,一季度资本支出136.9亿美元,同比增长103.7%,分析师预期142.39亿美元,四季度同比增长87.8%。 营业利润:一季度营业利润为175.6亿美元,同比增长约27%,四季度增长43%。 净利润:一季度净利润166.4亿美元,同比增长约35%,四季度增长49%。 2)细分业务数据 广告:一季度广告收入 ...
Meta lays off Reality Labs employees while continuing to hire hundreds more
Business Insider· 2025-04-24 20:29
Core Insights - Meta has laid off an undisclosed number of employees in its Reality Labs division, which focuses on hardware and virtual reality, as part of a restructuring effort [1] - The layoffs specifically impact Oculus Studios and the Supernatural team, which is responsible for the VR fitness app [1][2] - Despite the layoffs, Meta remains committed to investing in mixed reality experiences, including fitness and gaming [2] Restructuring and Layoffs - The recent layoffs follow a broader reduction earlier in the year, where nearly 4,000 roles were eliminated, including at least 560 employees from Reality Labs [3] - Meta's CTO Andrew Bosworth emphasized that 2025 is a critical year for Reality Labs, determining the future of the company's metaverse ambitions [4] - The Reality Labs division has undergone reorganization, with new leadership and a focus on integrating with Meta's main business [5] Employment Opportunities - Despite the layoffs, there are still 495 open roles within Reality Labs, and affected employees are encouraged to apply for internal opportunities [6] - An internal email indicated that employees who do not seek new roles or are unsuccessful will have a termination date set for May 23, 2025 [6]
Apple iSports Enters into Strategic and Financial Agreement with Pacifico Financial Group
Globenewswire· 2025-04-23 12:30
IRVINE, Calif., April 23, 2025 (GLOBE NEWSWIRE) -- Apple iSports (OTC-QB: AAPI) ("Company" or "Apple iSports" or "AiS"), a digital gaming, entertainment, and technology company, is pleased to announce it has entered into a strategic and financial agreement with Pacifico Financial Group ("PFG"), a respected leader in investment and capital advisory services. This agreement marks a significant milestone for both organizations and represents a shared commitment to long-term growth, innovation, and market expan ...
⁠Best Way To Advertise A Business (2025): Meta For Business Named Top Marketing Platform by Better Business Advice
GlobeNewswire News Room· 2025-04-21 10:00
Core Insights - Meta for Business has been recognized as a top marketing platform for its comprehensive suite of advertising and marketing solutions, empowering businesses of all sizes in a digital landscape [1][12] Group 1: Marketing Solutions - Meta for Business offers a robust set of tools designed to help businesses grow, engage audiences, and optimize advertising across Meta technologies [2][3] - The platform provides an integrated approach to digital marketing, including targeted advertising, performance tracking, and AI-enabled automation [3] Group 2: Key Tools and Features - Meta Ads Manager serves as the primary tool for creating, managing, and analyzing advertising campaigns across various Meta platforms, allowing real-time adjustments to targeting strategies [4][7] - Meta Business Suite offers a centralized dashboard for managing marketing efforts across Facebook and Instagram, enhancing efficiency through integrated content management and analytics [5][8] - Meta Pixel is an analytics tool that tracks visitor actions on websites, enabling data-driven advertising strategies and improving return on ad spend [9] Group 3: Advertising Capabilities - Businesses can choose from six campaign objectives, including awareness, traffic, engagement, leads, app promotion, and sales, providing flexibility in campaign management [7] - Advanced targeting tools and automated audience targeting help businesses reach relevant audiences and optimize ad spend [7][15] - Meta Advantage is a suite of AI-enabled tools designed to automate and optimize ad performance, allowing businesses to achieve better results with less manual effort [11][15] Group 4: Customer Engagement - Facebook Pages serve as a foundational digital presence for businesses, allowing them to share updates, engage with followers, and promote products or services [10][14] - The platform enables businesses to respond to customer inquiries and track performance metrics in real time, improving engagement and response times [8][10] Group 5: Accessibility and Cost - Meta Business Suite is available at no cost, making it accessible for businesses of all sizes [8] - Businesses can easily set up a Facebook Page for free and manage it from both desktop and mobile devices [14]
Taiwan Semiconductor Set to Report Q1 Earnings: How to Play the Stock?
ZACKS· 2025-04-15 20:00
Taiwan Semiconductor Manufacturing Company Ltd. (TSM) is scheduled to report its first-quarter 2025 results on Thursday.The Zacks Consensus Estimate for first-quarter earnings is pegged at $2.02 per share, implying a 46.4% increase from the year-ago quarter’s reported number. The estimate has been revised a penny downward over the past 60 days.Image Source: Zacks Investment ResearchTaiwan Semiconductor expects revenues between $25 billion and $25.8 billion. The Zacks Consensus Estimate is pegged at $25.2 bi ...
2 Unstoppable Artificial Intelligence (AI) Stocks to Buy in April and 1 to Avoid
The Motley Fool· 2025-04-02 08:51
Core Insights - The article discusses the current landscape of artificial intelligence (AI) stocks, highlighting two strong investment opportunities and one stock to avoid [1][3]. Group 1: AI Market Overview - The AI market is projected to reach a $15.7 trillion addressable market by the end of the decade, indicating significant growth potential [2]. - Historical trends suggest that not all stocks associated with emerging technologies will succeed, emphasizing the need for careful selection [3]. Group 2: Recommended Stocks - **Alphabet (GOOGL)**: - Alphabet is highlighted as a strong buy due to its dominant position in internet search, holding an 89% to 93% market share over the past decade [5]. - The company is expected to benefit from economic cycles, as recessions are typically short-lived, allowing ad-driven models to thrive [6]. - Alphabet's integration of generative AI into Google Cloud, which became profit-generating in 2023, is anticipated to enhance cash flow from this high-margin segment [7]. - The company ended 2024 with approximately $95.7 billion in cash and equivalents, allowing for aggressive reinvestment and share repurchases, with shares trading at a 33% discount to their historical average [8]. - **Meta Platforms (META)**: - Meta is also recommended as a strong buy, leveraging its vast user base of 3.35 billion daily active users across its platforms [10]. - The company generates nearly 98% of its $164.5 billion in net sales from advertising, positioning it well for economic expansions [11]. - The incorporation of AI into its marketing platforms is expected to enhance revenue and profits, with potential growth in the metaverse as a future revenue stream [12][13]. - Meta's stock is considered reasonably priced, with a forward P/E ratio of 20, which is 6% below its five-year average [14]. Group 3: Stock to Avoid - **Nvidia (NVDA)**: - Nvidia is identified as a stock to avoid, despite its previous success and market dominance in AI GPUs [15][16]. - The company faces increasing competition from rivals like AMD and from customers developing their own AI-GPUs, which could erode Nvidia's market share and pricing power [18]. - Historical patterns suggest that new technologies often experience early bubbles, and Nvidia may be particularly vulnerable if the AI bubble bursts, as it derived over 88% of its net sales from data centers in fiscal 2025 [20]. - Nvidia's valuation remains concerning, with a price-to-sales ratio that peaked at 42, indicating potential overvaluation compared to its peers [21].
4 No-Brainer "Magnificent Seven" Stocks to Buy Right Now
The Motley Fool· 2025-04-02 08:25
The so-called "Magnificent Seven" stocks have helped power the market higher for the past few years. However, just like other stocks, these names have pulled back in recent weeks over macroeconomic concerns affecting earnings, some angst about the potential for diminishing returns related to artificial intelligence (AI), and uncertainty over tariff actions by the Trump administration. But pullbacks tend to be short-term setbacks for great companies that eventually find ways to recover. Let's look at the bes ...
4 Top Tech Stocks to Buy Right Now
The Motley Fool· 2025-03-30 08:20
Group 1: Meta Platforms - Meta Platforms is a leading digital advertising platform with significant user engagement through its apps like Facebook, Instagram, and WhatsApp, leveraging AI to enhance advertising effectiveness [2][3] - The company reported a 6% increase in ad impressions and a 14% rise in average ad price in the last quarter, showcasing its strong monetization capabilities with an ARPU of $14.25 [2][3] - Meta's new platform, Threads, is rapidly growing, adding approximately 1 million users daily, with projections of reaching 320 million monthly active users by the end of 2024 [4] Group 2: Pinterest - Pinterest operates an online vision board with over 550 million monthly active users, predominantly female, and has a strong international presence [6] - The company has been enhancing its platform to be more shoppable, introducing features like in-app checkout and AI recommendations, and partnering with Amazon [7] - Pinterest aims to close the ARPU gap with competitors, particularly in its rest-of-world market, which constitutes 56% of its MAUs but had an ARPU of only $0.19 last quarter [8] Group 3: Netflix - Netflix remains the leader in the streaming media sector, continuing to grow its subscriber base while phasing out lower-tier subscription plans [9] - The company is focusing on ad-supported subscription tiers, with 55% of new signups in ad-supported countries opting for this option last quarter [10] - Netflix is expanding its ad offerings, including ads for live events, which could enhance its revenue streams as it builds its ad-supported user base [11] Group 4: Adobe - Adobe is a leader in creative software and digital marketing solutions, with a solid revenue growth of 10% last quarter [12][13] - The company is at the forefront of AI with its Adobe Firefly generative AI models, which enhance creative processes [13] - Adobe's future growth potential lies in monetizing its AI solutions more effectively, moving towards a subscription model rather than a credit-based system [14][15]
Meta Platforms Stock: Buy, Hold, or Sell?
The Motley Fool· 2025-03-29 12:45
Core Business Performance - Meta's advertising business has shown solid performance, with revenue growth of 22% and operating income growth of 39% in the last year [2][3] - The company generated $133 billion in revenue and $63 billion in operating profit in 2023, marking a significant turnaround from challenges faced in 2022 [3][4] - Daily active users (DAU) reached 3.35 billion, growing by 5% year over year, indicating strong user engagement across its platforms [4][5] Advertising Business Dynamics - In 2024, ad impressions and pricing increased by 11% and 10% respectively, highlighting the attractiveness of Meta's advertising business [5] - The integration of artificial intelligence (AI) into its applications is expected to enhance user engagement and sustain advertising growth [6][7] Reality Labs Investment - Despite the success of its core business, Meta's Reality Labs continues to incur significant losses, with operating losses increasing from $16 billion to $18 billion in 2024 [8] - Revenue from Reality Labs remained stagnant at $2 billion, indicating challenges in monetizing this segment [8][9] - The potential market size for the metaverse is projected to reach $508 billion by 2030, prompting Meta to invest early despite current losses [9][10] Stock Valuation and Investor Considerations - Meta's stock currently has a price-to-earnings (P/E) ratio of 28, which is on the higher end of its historical range, suggesting that it may not be a bargain at this valuation [12] - The company ended 2024 with strong advertising growth, but the ongoing losses from Reality Labs could impact overall profitability [13] - While the stock is not recommended for selling, potential investors are advised to wait for a more favorable entry point [14]