Core Insights - Yelp Inc. (YELP) shares increased by 2.5% after reporting better-than-expected Q3 2025 results, with earnings rising 8.9% year over year to 61 cents per share, surpassing the Zacks Consensus Estimate by 29.79% [1][10] Financial Performance - Yelp's revenues grew by 4% year over year to $376 million, exceeding the consensus estimate by 2.29%, primarily driven by growth in advertising revenues from Services businesses [2][10] - Advertising revenues, which constitute 94.9% of total revenues, rose 4% year over year to $357 million, supported by increased revenues from Yelp ad products and the RepairPal Network [3] - Advertising revenues from the Services business increased by 6.9% year over year to $243.8 million, while revenues from the Restaurants, Retail & Other (RR&O) division decreased by 2.4% to $113.5 million due to macroeconomic challenges [4] - Total costs and expenses rose by 3% year over year to $323 million, with adjusted EBITDA falling by 3% to $98 million, resulting in a margin decrease from 28% to 26% [6] Balance Sheet & Cash Flow - As of September 30, 2025, Yelp held $334 million in cash and short-term marketable securities with no debt, generating an operating cash flow of $131.5 million and free cash flow of $118.9 million in Q3 [7] Guidance - Yelp updated its full-year 2025 revenue guidance to a range of $1.460 billion to $1.465 billion, while adjusted EBITDA is now expected to be between $360 million and $365 million [8] - For Q4 2025, Yelp anticipates revenues between $355 million and $360 million, with adjusted EBITDA projected in the range of $77 million to $82 million [9]

Financial Performance - Array Digital Infrastructure, Inc. reported total operating revenues of $47.1 million for Q3 2025, an increase from $25.7 million in Q3 2024, representing an 83% year-over-year growth [1][13] - Net income attributable to Array shareholders for Q3 2025 was $108.8 million, compared to a loss of $95.9 million in the same period last year, resulting in diluted earnings per share of $1.25 versus a loss of $1.12 [1][14] - Site rental revenue increased by 79% year-over-year, driven by a new Master Lease Agreement (MLA) with T-Mobile that commenced on August 1, 2025 [2][9] Spectrum Monetization - Array has made significant progress in monetizing its spectrum, having closed or signed agreements to monetize 70% of its spectrum portfolio [2] - Additional agreements with T-Mobile for 700 MHz spectrum licenses and AWS are expected to yield $178 million in proceeds, pending regulatory approvals [2][9] Leadership Transition - Anthony Carlson will succeed Doug Chambers as President and CEO of Array, effective November 16, 2025, marking a new phase in the company's leadership [5][9] Operational Highlights - As of September 30, 2025, Array owned approximately 4,449 towers and had a tower tenancy rate of 1.02, indicating a strong demand for its infrastructure [11] - The company reported capital expenditures of $7.9 million for Q3 2025 [11] Cash Flow and Financial Position - Array's cash and cash equivalents increased to $325.6 million as of September 30, 2025, up from $159.1 million at the beginning of the period [15] - The company generated $402.9 million in cash from operating activities, with a significant portion attributed to discontinued operations [15]

Core Insights - Delek Logistics Partners reported record financial results for the third quarter of 2025, with a net income of $45.6 million, or $0.85 per diluted common limited partner unit, marking an increase from $33.7 million, or $0.71 per diluted unit, in the same quarter of 2024 [4][14] - The company has increased its full-year EBITDA guidance to between $500 million and $520 million due to strong operational performance [2][14] - Delek Logistics has achieved a 51st consecutive quarterly increase in its cash distribution, now at $1.120 per common limited partner unit, reflecting a 0.4% increase from the previous quarter and a 1.8% increase year-over-year [6][14] Financial Performance - The third quarter 2025 EBITDA was reported at $102.0 million, up from $69.2 million in the third quarter of 2024, with Adjusted EBITDA reaching $136.0 million compared to $106.8 million in the prior year [5][8] - Net cash provided by operating activities was $54.9 million in Q3 2025, significantly higher than $24.9 million in Q3 2024 [4][29] - Distributable cash flow, as adjusted, was $74.1 million in Q3 2025, compared to $62.0 million in Q3 2024 [4][29] Operational Highlights - The company reported record crude gathering volumes in its Delaware Business, contributing to the overall increase in operational efficiency [2][14] - Progress has been made on the development of sour gas gathering and acid gas injection capabilities at the Libby Complex, which is expected to enhance service offerings to producer customers [3][14] - The Gathering and Processing segment saw an Adjusted EBITDA of $82.8 million in Q3 2025, up from $55.0 million in Q3 2024, primarily due to acquisitions [9][14] Debt and Liquidity - As of September 30, 2025, Delek Logistics had total debt of approximately $2.3 billion and cash of $6.9 million, resulting in a leverage ratio of approximately 4.44x [7][14] - The company has an additional borrowing capacity of $1.0 billion under its $1.2 billion revolving credit facility [7][14] Segment Performance - The Wholesale Marketing and Terminalling segment reported Adjusted EBITDA of $21.4 million in Q3 2025, down from $24.7 million in Q3 2024, primarily due to the assignment of a marketing agreement [10][14] - The Investments in Pipeline Joint Ventures segment saw income from equity method investments increase to $21.9 million in Q3 2025, compared to $15.6 million in Q3 2024 [12][14]

基于第三季业绩，该行微调2025至27年EBITDA预测1-2%，目标价由53.2港元微升至53.7港元，重申"买 入"评级，并认为第四季EBITDA有潜在上行空间。 高盛发表研究报告指，银河娱乐第三季EBITDA按季跌6%至33亿港元，符合市场及该行预期。业绩受到 不同因素拖累，包括建材业务贡献减少、9月份台风桦加沙吹袭澳门，以及VIP赢率偏高。净赢率正常 化后，经调整EBITDA则按年升7%，按季升5%；利润率维持稳定于27.4%，因博彩量增长加速足以抵销 额外成本。 ...

VANCOUVER, British Columbia, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Glacier Media Inc. (TSX: GVC) (“Glacier” or the “Company”) reported revenue and earnings for the period ended September 30, 2025. Summary Results (thousands of dollars) Three months ended September 30, Nine months ended September 30,except share and per share amounts 2025 2024 <td style="max-width:10%; width:10%; min-width:10%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ; vertical ...

Financial Performance Highlights - Subscription Revenue increased by 14.3% [9] - Adjusted EBITDA reached R$494 million [10], while Free Cash Flow amounted to R$316 million [10] - Net revenue increased by 13.6% compared to cycle 2024 [11] - Adjusted Net Loss improved by 38.8% in 3Q25 [35] - Free Cash Flow increased by 66.9% in 3Q25 [40] ACV Bookings - ACV Bookings reached R$1,552 million, meeting expectations [11] - ACV 2025 Bookings increased by 14.3% compared to 2024 [14] - Complementary solution expansion grew by 25.3% compared to 2024 [11] Margin Analysis - Adjusted EBITDA Margin was 28.4%, a decrease of 1.0 percentage point compared to 2024 (29.4%) [12, 25] - LTM FCF / LTM Adjusted EBITDA conversion was 64.0%, a 31.5 percentage point improvement [13] - Provision for Doubtful Accounts (PDA) decreased to 3.1% of net revenue [45, 47] Debt Management - Net Debt decreased by R$177 million cycle to date [56] - Net Debt/LTM Adjusted EBITDA ratio decreased to 1.75 [60]

Core Insights - Farmer Brothers Coffee Co. reported a net loss of $4 million for the first quarter of fiscal 2026, an improvement from a net loss of $5 million in the same period last year [8][14] - Net sales decreased by 4.1% year-over-year to $81.6 million, down from $85.1 million [8][14] - The gross margin decreased by 400 basis points year-over-year to 39.7%, compared to 43.9% in the first quarter of fiscal 2025 [8][14] Financial Performance - Adjusted EBITDA remained flat at $1.4 million for the first quarter of fiscal 2026, consistent with the previous year [8][14] - Operating expenses were reduced to $35.6 million, or 43.6% of net sales, down from $40.1 million, or 47.2% of net sales, in the first quarter of fiscal 2025 [8][14] - The company achieved a gross profit of $32.4 million in the first quarter of fiscal 2026, compared to $37.3 million in the same quarter of fiscal 2025 [8][14] Operational Highlights - The company realized a nearly $4 million improvement in sales, general, and administrative (SG&A) expenses compared to the first quarter of fiscal 2025 [8] - Farmer Brothers announced a partnership with Eurest to open 50 Sum>One Coffee Roasters-branded cafes across the country [8] - The company emphasized its focus on driving top-line revenue and customer growth in fiscal 2026 [3][8] Balance Sheet and Liquidity - As of September 30, 2025, Farmer Brothers had $3.8 million in unrestricted cash and cash equivalents, with an additional $31.2 million available under its revolving credit facility [5][8] - Total current assets amounted to $87.3 million, while total liabilities were reported at $118.8 million [16][17] Market Position - Farmer Brothers Coffee Co. is a national coffee roaster and distributor, serving a diverse range of customers including independent restaurants, foodservice operators, and large institutional buyers [9] - The company's product lines include organic, Direct Trade, and sustainably produced coffee, as well as tea and culinary products [9]

Financial Data and Key Metrics Changes - In Q3 2025, adjusted EBITDAre was $319 million, a decrease of 3.3% year-over-year, while adjusted FFO per share was $0.35, down 2.8% compared to Q3 2024 [4][5] - Year-to-date, adjusted EBITDAre and adjusted FFO per share increased by 2.2% and 60 basis points, respectively, compared to 2024 [4] - Comparable hotel total RevPAR improved by 80 basis points compared to Q3 2024, driven by better-than-expected transient demand and higher rates [5][6] Business Line Data and Key Metrics Changes - Comparable hotel EBITDA margin declined by 50 basis points year-over-year to 23.9%, primarily due to increased wages and benefits [5][24] - Transient revenue grew by 2%, with double-digit growth at resort properties, particularly in Maui, San Francisco, New York, and Miami [6][21] - Group room revenue decreased approximately 5% year-over-year, attributed to renovation disruptions and the Jewish holiday calendar shift [7][22] Market Data and Key Metrics Changes - Maui experienced a 20% RevPAR growth, driven by increased occupancy and strong out-of-room spending [6][7] - Total group revenue pace in Maui is up 13% for 2026, indicating continued recovery momentum [7] - San Francisco's total group revenue pace for 2026 is up over 20%, with group rate pacing up 10% [56] Company Strategy and Development Direction - The company is focusing on capital allocation decisions that enhance long-term shareholder value, including transformational renovations and strategic asset sales [10][11] - A second agreement with Marriott for transformational renovations at four properties is expected to enhance long-term performance [11] - The company aims to leverage its investment-grade balance sheet and diversified portfolio to outperform in the current environment [16][27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the continued recovery of leisure travel and the affluent consumer's prioritization of premium experiences [58] - The company raised its full-year 2025 guidance for comparable hotel RevPAR and total RevPAR to approximately 3% and 3.4%, respectively, reflecting strong performance [15][24] - Management noted that the bifurcation of the consumer market is likely to benefit upper-upscale and luxury hotels [16] Other Important Information - The company collected $5 million in business interruption proceeds for Hurricanes Helene and Milton, totaling $24 million for the year [9] - Capital expenditure guidance for 2025 is set at $605-$640 million, including significant investments for redevelopment and repositioning projects [13][26] - The company has a strong liquidity position with $2.2 billion available, facilitating strategic capital allocation decisions [27] Q&A Session Summary Question: Can we expect more asset trading in the market based on current performance? - Management indicated they will be opportunistic with capital allocation regarding dispositions and acquisitions, highlighting successful asset sales this year [33][34] Question: How are you selecting hotels and markets for investment? - The company screens assets to determine capital allocation, focusing on transformational renovations that reposition properties for better performance [42][44] Question: What are the expectations for group booking pace in 2026? - Group revenue pace for 2026 is up 5%, with strong performance expected in key markets like San Francisco and Maui [49][56] Question: How is the company managing wage and benefits increases? - Wage rate growth is expected to be lower in 2026, with New York being the only major market with upcoming labor contract negotiations [82] Question: What are the tailwinds for growth potential in 2026? - The absence of major storms on the Gulf Coast and strong performance from properties like The Don CeSar are expected to contribute positively to growth [88][90]

Financial Data and Key Metrics Changes - Adjusted EBITDAre for Q3 2025 was $319 million, a decrease of 3.3% year-over-year, while adjusted FFO per share was $0.35, down 2.8% compared to Q3 2024 [4] - Year-to-date, adjusted EBITDAre and adjusted FFO per share were up 2.2% and 60 basis points, respectively, compared to 2024 [4] - Comparable hotel total RevPAR improved by 80 basis points compared to Q3 2024, driven by better-than-expected transient demand and higher rates [5] Business Line Data and Key Metrics Changes - Comparable hotel EBITDA margin for Q3 declined by 50 basis points year-over-year to 23.9%, primarily due to increased expenses in wages and benefits [5][23] - Transient revenue grew by 2%, with double-digit growth at resort properties, particularly in Maui, San Francisco, New York, and Miami [5][20] - F&B revenue was flat, with outlet revenue growth offset by declines in banquet and catering revenue [18] Market Data and Key Metrics Changes - Maui experienced a 20% RevPAR growth driven by increased occupancy and strong out-of-room spending [6] - Business transient revenue was down 2% in Q3, primarily due to a reduction in government room nights [21] - Total group revenue pace for 2026 is up 13% for Maui, indicating continued recovery momentum [6][41] Company Strategy and Development Direction - The company is focusing on capital allocation decisions that enhance long-term shareholder value, including transformational renovations and strategic asset sales [30][32] - A second agreement with Marriott for transformational renovations at four properties is expected to enhance long-term performance [11] - The company anticipates continued outperformance in upper-upscale and luxury hotels due to its diversified portfolio and ongoing reinvestment [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of leisure travel and the affluent consumer's prioritization of premium experiences [47] - The company raised its full-year 2025 guidance for comparable hotel RevPAR and total RevPAR to approximately 3% and 3.4%, respectively, reflecting strong performance [16][24] - Management noted that the bifurcation of the consumer market is likely to benefit the company due to its higher-end properties [17] Other Important Information - The company collected $5 million in business interruption proceeds for Hurricanes Helene and Milton, totaling $24 million for the year [9] - Capital expenditure guidance for 2025 is set at $605-$640 million, including significant investments for redevelopment and repositioning projects [13] - The company has a strong balance sheet with $2.2 billion in total available liquidity and a leverage ratio of 2.8 times [26] Q&A Session Summary Question: Can we expect more asset trading in the market based on current observations? - Management indicated they will be opportunistic with capital allocation regarding dispositions and acquisitions, highlighting successful asset sales this year [30] Question: How are you selecting hotels and markets for investment? - The company screens assets to determine where to invest capital, focusing on transformational renovations that provide clear returns [35] Question: What is the outlook for group bookings in 2026? - Group revenue pace for 2026 is up 5%, with strong performance expected in key markets like San Francisco and Washington, D.C. [46] Question: What is driving the growth in out-of-room spending? - Increased spending on amenities such as spa and golf, along with successful repositioning of outlets, is driving growth in out-of-room spending [50] Question: What are the expectations for wage and benefits increases in 2026? - Wage rate growth is expected to be lower in 2026, with New York being the only major market with upcoming labor contract negotiations [57]

Core Insights - Minerva Foods reported record financial results for the third quarter of 2025, with free cash flow reaching R$ 2.5 billion, the highest level recorded in a single quarter [2][11] - The company achieved net revenue of R$ 15.5 billion, marking an 82.5% increase year over year and an 11.5% increase compared to the previous quarter [3][5] - Net leverage decreased to 2.5x, the lowest level since 2022, indicating improved financial stability [2][5] Financial Performance - Free cash flow for the third quarter of 2025 was R$ 2.5 billion, contributing to a total of R$ 10.9 billion since 2018 [2] - Consolidated net revenue for the quarter was R$ 15.5 billion, with a total of R$ 51.3 billion over the last 12 months, reflecting a 73.9% increase year over year [3] - EBITDA for the third quarter was R$ 1.4 billion, with an EBITDA margin of 8.9%, up 70.8% year over year [4] Operational Highlights - Consolidated gross revenue reached R$ 16.3 billion, an increase of 80.1% compared to the same period in 2024, with exports accounting for 61% of the total [5] - Sales volume grew by 10% and revenue increased by 11% compared to the previous quarter, leading to a lower SG&A-to-revenue ratio of 9.3% [6] - The integration of new assets progressed consistently, contributing to solid operational and financial results [6] Capital Structure - The company exercised 5,847,096 subscription bonuses from a capital increase, totaling R$ 30.2 million, with R$ 969.3 million in remaining subscription bonuses expected to strengthen capital structure [7] - Minerva Foods announced the repurchase and cancellation of USD 75.7 million related to the 2031 Bond, totaling approximately R$ 402.6 million [8]