Paramount Global (PARA) Q1 2025 Earnings Call May 08, 2025 04:30 PM ET Company Participants Jaime Morris - EVP - IRChris McCarthy - CEO and President & CEO - SHOWTIME & MTV Entertainment StudiosGeorge Cheeks - CEO and President & CEO - CBSBrian Robbins - CEO and President & CEO - Paramount Pictures and NickelodeonNaveen Chopra - Executive VP & CFORic Prentiss - Managing DirectorKutgun Maral - Director Conference Call Participants Steven Cahall - Managing Director, Senior Analyst - Media, Advertising & Cable ...

Financial Data and Key Metrics Changes - Revenue for Q1 2025 increased to $1,577,000, up from $1,114,000 in Q1 2024, representing a 42% increase driven by heightened demand for bit solutions and mobile systems [11] - Product-based revenues totaled $1,000,000 in Q1 2025, reflecting a 35% growth compared to Q1 2024 [11] - Service revenues generated $577,000, a 56% increase from the same prior year period [11] - BIT solution sales reached approximately $300,000, marking nearly a 200% increase from just over $100,000 in Q1 2024 [12] - Operating loss for the quarter was approximately $754,000, an improvement from the operating loss of $1,226,000 in the same quarter last year [12] - Net loss was approximately $256,000 or $0.01 per share compared to $1,310,000 or 7% loss per share in the prior year [12] - Cash and cash equivalents stood at approximately $674,000, with working capital of $3,800,000 [13] Business Line Data and Key Metrics Changes - Total sales in February 2025 saw a 42% increase compared to February 2024, with a 21% increase in April 2025 compared to April 2024 [6] - Year-to-date, there was a 169% surge in bit solution sales compared to the same period last year [6] - The company welcomed several new customers, including a division of the US Army and a children's hospital, indicating expansion in various sectors [8] Market Data and Key Metrics Changes - The company reported an increase in open sales log from approximately $877,000 at the end of 2024 to $1,600,000 by the end of Q1 2025 [10] - The IHP corporate service deployment pipeline currently stands at $1,000,000 in open proposals for 2025 [22] Company Strategy and Development Direction - The company is focused on expanding its product line and distribution strategy, with new service offerings launched in 2024 [5] - There is a commitment to educating the market on the importance of protective disinfection through the SteraMist Pro certified program [7] - The company aims to enhance its sales infrastructure by establishing new distribution channels and recruiting qualified business developers [21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about sustaining sales momentum and anticipated a positive trend in sales throughout the year [14] - The company is encouraged by significant progress made in Q1 2025, showcasing the effectiveness of its strategies and product offerings [23] - Management noted that they are not experiencing significant problems due to government budget cuts and expect increased demand from government sectors [28] Other Important Information - The company is actively seeking strong global partners and is focused on rebuilding brand presence in various international markets [21] - The partnership with AlgaFeed has opened a new aquaculture market for SteriMist IHP [8] Q&A Session Summary Question: Do you have any financial goals for the year 2025? - Management is confident that 2025 will be a great year and expects to improve on last year's numbers [25] Question: Do you anticipate any effects from the tariffs trade policy? - Management indicated that they have had minor issues with tariffs but are not experiencing significant problems with international sales [26][27] Question: Do you anticipate significant problems due to government budget cuts? - Management believes there will be an increase in demand from government sectors that utilize their products [28] Question: Any new developments on food safety? - Management reported a surge in interest and requests related to food safety, indicating a growing market [30] Question: Any updates on SteraMist for prevention of bird flu transmission? - Management noted that there is increased interest in using their products for bird flu disinfection, but no significant developments have materialized recently [31][32] Question: Any new developments on Ceramist as an ethylene oxide replacement? - Management confirmed ongoing negotiations with companies looking to replace ethylene oxide with Ceramist [33] Question: Was the order for treating pacemakers used in replacement of ethylene oxide? - The order was not a replacement but helped develop a new protocol for the medical device manufacturer [34][35] Question: Have any new ways been developed to educate the market? - The SteraMist Pro certified program was launched to educate the market and improve product usage [37][38]

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $22 million, representing a 21% sequential increase but an 11% year-over-year decline [17] - Adjusted EBITDA loss for Q1 was $50 million, an improvement from a loss of $90 million in Q4 2024 [18] - Net loss for Q1 was $15 million, compared to a net loss of $27 million in the prior year [18] - Cash position at the end of Q1 was $264 million, including $254 million in cash and cash equivalents [18] Business Line Data and Key Metrics Changes - Paid Monthly Active Users (MAU) increased to 123,000 in Q1 from 110,000 in Q4 2024, indicating growth in user engagement [13] - The paid user conversion rate rose to 16.2% in Q1 from 14.6% in Q4 2024 [17] Market Data and Key Metrics Changes - The company is actively involved in litigation against international competitors, alleging unfair practices that harm its business [7][9] - The ongoing legal actions are aimed at protecting consumer interests and ensuring fair competition in the skill-based gaming industry [6][10] Company Strategy and Development Direction - The company is focusing on enhancing its platform to improve consumer and developer engagement, with a commitment to invest up to $75 million over the next three years to support new game development [11] - The strategy includes expanding beyond casual skill games into new genres to broaden competitive gaming offerings [12] - The company aims to achieve positive adjusted EBITDA and sustainable growth while managing expenses [15] Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of building trust in the industry and protecting players from deceptive practices [6][10] - The company remains confident in its ability to compete against legitimate skill-based gaming providers and is focused on returning to consistent top-line growth [10][15] Other Important Information - The company is working to comply with NYSE listing standards after receiving a notice of non-compliance [3][4] - The company has received a $7.5 million payment from AviGames as part of a settlement, contributing to its cash position [19] Q&A Session Summary - No questions were registered during the Q&A session, leading to the conclusion of the call [20]

Core Viewpoint - Franco-Nevada reported its best financial results ever, driven by elevated gold prices, strong production from energy interests, and a robust deal pipeline, while remaining debt-free and well-capitalized [1][4]. Financial Highlights - Revenue reached $368.4 million, a 43% increase compared to Q1 2024, with 126,585 GEOs sold, up 3% year-over-year [4][6]. - Operating cash flow was $288.9 million, marking a 62% increase from Q1 2024, and adjusted EBITDA was $321.9 million, a 49% increase [4][36]. - Net income was $209.8 million, or $1.09 per share, reflecting a 45% increase compared to the previous year [4][38]. Portfolio and Production - The precious metals segment accounted for 79% of total revenue, with gold contributing 67% [6][18]. - The company sold 100,623 GEOs from precious metal assets, an 8% increase from Q1 2024, primarily due to higher sales from Candelaria and Hemlo [9][18]. - Diversified assets generated $74.8 million in revenue, a 21.4% increase from Q1 2024, despite a 13.1% decrease in GEOs contributed by these assets [18][22]. Growth and Strategic Initiatives - Franco-Nevada completed a $448.6 million financing package for the Porcupine Complex, expecting to receive approximately 6,000 GEOs in 2025 [10]. - The company acquired a precious metals stream from Sibanye Stillwater's Western Limb Mining Operations for $500 million, enhancing its portfolio [10]. - The company is committed to ESG initiatives, funding various community projects and maintaining high ratings from ESG agencies [8][18]. Dividend and Shareholder Information - A quarterly dividend of $0.38 per share was declared, representing a 5.6% annual increase [23][24]. - The company has a Dividend Reinvestment Plan (DRIP) allowing shareholders to reinvest dividends for additional shares [24].

Q1 2025 Results - Paid tickets reached 19.6 million, a 7.7% year-over-year decrease, showing a 250 basis points improvement from Q4 2024's 10.2% decline[19] - Gross ticket sales totaled $775 million, down 9% year-over-year[11] - Net revenue was $73.8 million, a 14% decrease year-over-year, attributed to lower marketplace revenue (-48% Y/Y) and ticketing revenue (-9% Y/Y)[27] - Net loss amounted to $6.6 million, compared to a $4.5 million net loss in the prior year[31] - Adjusted EBITDA was $4.6 million, with an Adjusted EBITDA margin of 6.2%[34] - Operating expenses decreased by 14% year-over-year to $59.2 million[37] User Engagement - Average Monthly Active Users (MAUs) reached 87.6 million, a 3% year-over-year increase, driven by app MAUs growth after the rebrand and app refresh[23] - Average app monthly active users increased 13% year-over-year[21] Financial Position - Available liquidity stood at $241 million after repaying $120 million principal of 2025 notes[43, 42] - Total debt outstanding is $358 million[42] - Stock-based compensation decreased by 27% year-over-year[40] Business Outlook - The company anticipates Q2 2025 net revenue to be in the range of $70 million to $73 million with an Adjusted EBITDA margin in the 3% to 4% range[46] - The company expects fiscal year 2025 net revenue in the range of $295 million to $310 million with an Adjusted EBITDA margin in the mid-single digit percentage range[47]

Core Insights - Farmer Bros. Coffee Co. reported third quarter fiscal 2025 net sales of $82.1 million, a decrease from $85.4 million in the same period last year [7] - The company achieved a gross margin of 42.1%, an increase of 200 basis points year-over-year [1][7] - A net loss of $5 million was reported, which included a $2.4 million loss related to asset disposals, compared to a net loss of $700,000 in the third quarter of fiscal 2024 [7] - Adjusted EBITDA improved to $1.7 million, up from $271,000 in the prior year [1][7] Financial Performance - Net sales for the third quarter of fiscal 2025 were $82.1 million, down from $85.4 million in the third quarter of fiscal 2024 [7] - Gross profit was $34.5 million, or 42.1%, compared to $34.2 million, or 40.1%, in the prior year [7] - Operating expenses increased to $38.1 million from $34.7 million in the prior year, primarily due to a decrease in net gains related to asset disposals [7] - The company reported a net loss of $5 million, which included a $2.4 million loss from asset disposals [7] Strategic Initiatives - The launch of the Sum>One specialty coffee brand marked the completion of a 12-month brand pyramid and SKU rationalization initiative [3][7] - The company has implemented a tiered go-to-market strategy, allowing customers to navigate the value chain more effectively [3] Balance Sheet and Liquidity - As of March 31, 2025, Farmer Bros. had $4.1 million in unrestricted cash and cash equivalents, $200,000 in restricted cash, and $23.3 million in outstanding borrowings under its credit facility [5] - The company has an additional borrowing capacity of $22.1 million [5] Management Commentary - The CEO highlighted the third quarter as a solid performance, noting the third consecutive quarter of positive adjusted EBITDA and maintained gross margins above 42% [2] - The management emphasized ongoing efforts to streamline operations and improve cost structures in a challenging market environment [2]

Royal Gold (RGLD) Q1 2025 Earnings Call May 08, 2025 12:00 PM ET Company Participants Alistair Baker - Senior Vice President of Investor Relations and Business DevelopmentWilliam Heissenbuttel - President, CEO & DirectorMartin Raffield - Senior Vice President of OperationsPaul Libner - Senior VP & CFOCosmos Chiu - Executive Director & Institutional Equity Research - Precious MetalsDan Breeze - SVP - Corporate Development, RGLD Gold AG Conference Call Participants Tanya Jakusconek - AnalystDerick Ma - Equity ...

Royal Gold (RGLD) Q1 2025 Earnings Call May 08, 2025 12:00 PM ET Speaker0 Everyone to the Royal Gold twenty twenty five First Quarter Conference Call. My name is Lauren, and I'll be moderating your call today. There will be an opportunity for questions at the end of the presentation. I would now like to pass the conference call over to Alastair Baker to begin. Please go ahead. Speaker1 Thank you, operator. Good morning, and welcome to our discussion of Royal Gold's first quarter twenty twenty five results. ...

Core Viewpoint - Disney demonstrated strong growth in parks and streaming, leading to raised guidance after a resilient first-quarter performance despite macroeconomic challenges [2][3]. Group 1: Financial Performance - Revenue, operating income, earnings per share, and free cash flow all exceeded expectations, indicating robust financial health [2]. - Disney raised its full-year earnings per share guidance, which is seen as encouraging amid recent macro volatility [2][5]. - The direct-to-consumer (DTC) segment achieved its fourth consecutive profitable quarter, with full-year DTC operating profit expected to exceed $1 billion [6]. Group 2: Parks and Streaming Growth - Future bookings for Walt Disney World are strong, with bookings up 4% in Q3 and 7% in Q4 [2]. - Analysts highlighted the reacceleration of the Parks business as a near-term catalyst for growth [3]. - The launch of ESPN's flagship streaming platform in Q4 is anticipated to enhance bundled offerings with Hulu and Disney+ [5]. Group 3: Analyst Ratings and Price Action - Bank of America analyst Jessica Reif Ehrlich reiterated a Buy rating with a price target of $140, while Guggenheim's Michael Morris lowered his target from $130 to $120, maintaining a Buy rating [1]. - Disney stock rose 3.1% to $105.27, with a 52-week trading range of $80.10 to $118.63, although it is down 5% year-to-date in 2025 [6].

Playtika Holding (PLTK) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Company Participants Tae Lee - SVP - Corporate Finance & Investor RelationsRobert Antokol - CO-Founder, Chairman & CEOCraig Abrahams - President & CFODoug Creutz - Managing DirectorMatthew Cost - Executive Director, Equity ResearchAlbert Kim - Equity Research Associate Operator Good day, and thank you for standing by. Welcome to the Playtica Q1 twenty twenty five Earnings Call. At this time, all participants are in listen only mode. Afte ...