FTAI Infrastructure (FIP) Q1 2025 Earnings Call May 09, 2025 08:00 AM ET Company Participants Alan Andreini - Head - Investor RelationsKenneth Nicholson - CEO & PresidentGiuliano Bologna - Managing DirectorKen Nicholson - Chief Executive OfficerBrian Mckenna - Director - Equity ResearchGregory Lewis - Managing Director Operator Good day, and welcome to the First Quarter twenty twenty five FTAI Infrastructure Earnings Conference Call. At this time, all participants are in a listen only mode. After the speake ...

FTAI Infrastructure (FIP) Q1 2025 Earnings Call May 09, 2025 08:00 AM ET Speaker0 Good day, and welcome to the First Quarter twenty twenty five FTAI Infrastructure Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. Instructions will be given at that time. As a reminder, this call is being recorded. I would now like to turn the call over to Alan Andrini, Investor Relations. Please go ahead. Speaker ...

Financial Data and Key Metrics Changes - The combined group achieved a record first quarter total revenue of $517 million, growing 25% year over year [9] - Adjusted EBITDA also reached a record of $111 million, increasing by 120% year over year, with a combined margin of approximately 22% [9] - Total revenue excluding the U.S. was $502 million, growing 24% year over year, while adjusted EBITDA excluding the U.S. grew 62% to $121 million with a margin of 24% [10] Business Line Data and Key Metrics Changes - Sports betting revenue increased by 7% year over year, while casino revenue grew by 23% year over year [9] - In Africa, revenue grew by 54% year over year, with casino and sports up 31% and 38% respectively [11] - Europe saw a 53% year-over-year increase, with the UK up 87% and Spain up 20% [12] Market Data and Key Metrics Changes - Canada grew 13% year over year, with Ontario up 2% and the rest of Canada up 16% [12] - APAC was down 13% year over year due to currency weakness and market closures, with New Zealand showing a 7% decline in dollar terms [13] Company Strategy and Development Direction - The company is focused on enhancing technology and product offerings while maintaining a disciplined cost structure to drive sustainable margin expansion [14] - The U.S. iGaming business is progressing with plans for breakeven expected in 2027, and the introduction of new brands like Spin Palace Casino [15][16] - The company is maintaining its guidance for fiscal year group revenue of greater than $2 billion and adjusted EBITDA of greater than $421 million [17] Management's Comments on Operating Environment and Future Outlook - Management expressed satisfaction with the progress in the U.S. market and highlighted the importance of product and marketing efficiencies [21][24] - The company sees significant growth potential in Africa, particularly in new markets like Botswana, Nigeria, and others [30][32] - Management emphasized the importance of maintaining a strong marketing budget to compete effectively in various markets [58] Other Important Information - The company ended the quarter with unrestricted cash of $351 million and no debt, highlighting a strong free cash flow profile [16] - A quarterly dividend of $0.04 per share was declared, resulting in $20 million paid to shareholders [16] Q&A Session Summary Question: What is working in sports betting and how does the company view competition in the U.S.? - The company highlighted product development and effective marketing as key drivers of engagement, noting that 80% of the business is casino-related [21][22][24] Question: How does the company plan to approach the Alberta market? - The company plans to apply lessons learned from the Ontario launch and is prepared for potential regulatory changes [26] Question: What is the growth outlook for Africa and the competitive landscape in Nigeria? - Management noted strong growth across various African markets and emphasized the need for localized products in Nigeria [30][32] Question: How does the company differentiate its brands like Jackpot City? - Jackpot City has a strong brand presence and resonates well with customers, differentiating it from other offerings [35] Question: What is the company's strategy regarding new market entries and potential M&A? - The company is open to both organic growth and acquisitions, emphasizing the need for the right fit and pricing [86]

Core Insights - Yelp Inc. reported a strong first-quarter 2025 performance with earnings jumping 80% to 36 cents per share, exceeding the Zacks Consensus Estimate by 16.1% [1] - The company's revenues increased 8% year over year to $359 million, surpassing the consensus mark by 1.8%, primarily driven by growth in advertising revenues from Services businesses [2] Financial Performance - Advertising revenues, which constitute 95.2% of total revenues, rose 8% year over year to $342 million, mainly due to increased revenues from Yelp ad products and the RepairPal Network [3] - Advertising revenues from the Services business grew 14% year over year to $232 million, while the RR&O division saw a decline of 3% to $110 million due to macroeconomic challenges [4] - Total costs and expenses increased 2% year over year to $322 million, with adjusted EBITDA climbing 32% year over year to $85 million, resulting in an adjusted EBITDA margin increase to 24% from 19% [6] Balance Sheet and Cash Flow - As of March 31, 2025, Yelp had cash, cash equivalents, and short-term marketable securities totaling $324 million with no debt [7] - The company generated an operating cash flow of $98 million and free cash flow of $87.5 million in the first quarter [7] Guidance - Yelp updated its full-year 2025 revenue guidance to a range of $1.465 billion to $1.485 billion, with adjusted EBITDA expected between $345 million and $365 million [8] - For the second quarter of 2025, Yelp anticipates revenues between $362 million and $367 million, with adjusted EBITDA projected in the range of $84 million to $89 million [9]

Sales of $456.5 Million vs. $497.6 Million in Prior Year Quarter Net (loss) income attributable to Koppers of $(13.9) Million vs. $13.0 Million in Prior Year Quarter Diluted EPS of $(0.68) vs. $0.59 in Prior Year Quarter Adjusted EPS of $0.71 vs. $0.62 in Prior Year Quarter Adjusted EBITDA of $55.5 Million vs. $51.5 Million in Prior Year Quarter Capital expenditures of $14.3 Million vs. $26.3 Million in Prior Year Quarter Capital expenditures, net of insurance proceeds and sale of assets, of $10.0 Million ...

Group 1 - The core viewpoint of the report is that due to the continuous increase in market share, the adjusted EBITDA forecasts for Melco International Development for 2025 and 2026 have been raised by 2% to HKD 14.01 billion and HKD 13.45 billion respectively [1] - The current stock price corresponds to a 5x EV/adjusted EBITDA for 2025, indicating a potential upside of 48% compared to the current stock price [1] Group 2 - In Q1 2025, Melco Resorts reported net revenue of USD 1.232 billion, an increase of 11% year-on-year and 3% quarter-on-quarter, recovering to 89% of Q1 2019 levels [2] - The adjusted property EBITDA for Q1 2025 was USD 341 million, up 14% year-on-year and 15% quarter-on-quarter, exceeding Bloomberg's consensus estimate of USD 315 million [2] - The performance is attributed to the increase in market share at City of Dreams and Studio City in Macau [2] Group 3 - Management indicated that the market share in Macau reached 15.7% in April 2025, with high-end mass gaming continuing to drive performance growth [3] - The show "The House of Dancing Water" premiered at City of Dreams on May 7, 2025 [3] - Management expects the reinvestment rate in the Macau gaming industry to stabilize compared to a year ago [3] Group 4 - During the May Day Golden Week in 2025, the betting volume in Macau properties was strong, with a 20% year-on-year increase in mass gaming at City of Dreams, supported by a 30% increase in property foot traffic [4] - The win amount from rated customers in Macau properties increased by 12% year-on-year [4]

Group 1 - AppLovin reported strong Q1 performance with revenue of $1.48 billion, a 40% year-over-year increase, exceeding market expectations [1] - The adjusted earnings per share for Q1 were $1.67, also surpassing market forecasts [1] - The company agreed to sell its mobile gaming division to Tripledot Studios to focus on its advertising technology business [1] Group 2 - Morgan Stanley raised its target price for AppLovin from $350 to $420, maintaining an "overweight" rating due to optimism about future growth [1] - Morgan Stanley is more optimistic about AppLovin's execution in core advertising products, estimating non-gaming products contributed approximately $150 million in revenue in Q2 [1] - UBS also raised its target price for AppLovin from $450 to $475, maintaining a "buy" rating based on profit growth outlook [1] Group 3 - UBS increased its EBITDA forecast for AppLovin for FY2026 by 7.4% to $6.1 billion, reflecting faster growth in web-based advertising revenue [2] - The faster transition to self-service advertising platforms is expected to stimulate new advertiser demand, although it may not guarantee sustained revenue acceleration [2] - UBS noted the willingness to meet advertiser needs, which should help further stimulate demand from new advertisers [2]

Core Insights - Source Energy Services Ltd. reported strong financial results for Q1 2025, achieving record sand sales volumes and revenue, driven by increased demand and operational efficiency [1][4][7]. Financial Performance - Sand volumes reached 1,041,223 metric tonnes (MT), up from 874,849 MT in Q1 2024, representing a 19% increase [3][4]. - Sand revenue was $162.9 million, a 22% increase from $132.9 million in Q1 2024 [3][4]. - Total revenue for the quarter was $208.6 million, an increase of $39.0 million or 23% compared to the previous year [4][7]. - Net income surged to $23.6 million, up from $1.9 million in Q1 2024, reflecting improved business performance and a legal settlement [4][7]. - Adjusted EBITDA increased by 5% to $33.8 million, compared to $32.0 million in Q1 2024 [11][28]. Cost and Margin Analysis - Gross margin was $36.8 million, a slight increase from $35.6 million in Q1 2024 [4][9]. - Adjusted Gross Margin was $46.2 million, up 7% from $43.2 million in the same quarter last year [4][31]. - Cost of sales increased due to higher sand sales volumes and transportation costs, with a notable impact from the weakening Canadian dollar [8][9]. Operational Highlights - The company achieved 88% utilization across its eleven-unit Sahara fleet, indicating strong operational efficiency [4]. - The initial phase of the Peace River facility expansion was completed, with a new rotary dryer fully operational [4][17]. - The first phase of operations at the Taylor transload facility commenced, enhancing logistics capabilities [4][17]. Business Outlook - Source anticipates continued strong customer activity levels in the Montney basin through Q2 2025, supported by recent expansions and operational improvements [17][20]. - The company is focused on increasing its logistics services in response to customer demand, aiming to enhance its service offerings [21][20].

Bridger Aerospace Group (BAER) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Eric Gerratt - Chief Financial OfficerSam Davis - CEO and PresidentJohn Founders - Senior Vice President of Finance & Capital MarketsAustin Moeller - Director - Equity Research Operator Greetings, and welcome to Breacher Aerospace First Quarter Fiscal twenty twenty five Investor Conference Call. As a reminder, today's call is being recorded. It is now my pleasure to introduce your host, Eric Jarrett, chief fin ...

Research Solutions (RSSS) Q3 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Good afternoon, everyone, and thank you for participating in today's conference call to discuss Research Solutions' financial and operating results for its fiscal twenty twenty five third quarter ended 03/31/2025. As a reminder, this call is being recorded. I would now like to turn the conference over to your host, John Beisler, Investor Relations. Please go ahead. Speaker1 Thank you, operator, and good afternoon, everyone. Th ...