Financial Data and Key Metrics Changes - The company achieved record quarterly revenue, net effective spread, and core earnings in Q1 2025, with core earnings increasing by 6% year-over-year to $46 million [4][15] - Gross new business volume reached $1.8 billion, with outstanding business volume growing by $232 million to $29.8 billion [5][15] - Net effective spread reached a record of $90 million or 117 basis points, with sequential and year-over-year improvements of $2.5 million and $6.9 million respectively [15][22] Business Line Data and Key Metrics Changes - The infrastructure finance line of business grew by approximately $750 million, with significant contributions from the power and utility segment and broadband infrastructure segment growing by 22% [6][8] - Renewable energy segment grew by nearly $200 million, a 14% increase since year-end 2024 [8] - Farm and ranch loan purchases saw a net increase of $86 million despite $500 million in scheduled maturities [9][10] Market Data and Key Metrics Changes - The company noted a strong demand for farm and ranch assets, with a focus on liquidity and working capital needs due to tightening agricultural economic conditions [60] - The overall credit profile remained strong, with 90-day delinquencies at 54 basis points, up from 37 basis points at year-end 2024 [18][19] Company Strategy and Development Direction - The company continues to focus on mission-based profitable growth, diversifying its portfolio to create opportunities in various interest rate environments [5][12] - Strategic investments and talent acquisition in infrastructure finance and renewable energy are prioritized to build expertise and capacity [8][12] - The company plans to enhance its securitization program to optimize the balance sheet and target new asset opportunities [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating broader market uncertainties related to interest rates, regulatory shifts, and government actions [5][12] - The company anticipates continued growth in the farm and ranch segment due to ongoing agricultural economic tightening and potential government support programs [10][61] - Management highlighted a strong liquidity position with 289 days of liquidity and approximately $1 billion in cash and short-term instruments [22][23] Other Important Information - Operating expenses increased by 8% year-over-year due to investments in infrastructure technology and higher licensing fees [16] - The company’s core capital of $1.5 billion exceeded statutory requirements by $601 million or 65% as of March 31, 2025 [19][20] Q&A Session Summary Question: Impact of tariffs on agricultural shipments to China - Management discussed historical support programs for farmers during tariff disruptions and noted current shifts in trade patterns towards Mexico [28][30] Question: Dynamics of net effective spread across business lines - Management explained that the net effective spread increase was driven by strong loan activity in the farm and ranch segment, while broadband and renewable energy segments experienced slight declines [34][36] Question: Changes in funding costs and upcoming securitization - Management indicated improved funding dynamics from Q4 to Q1 and expressed optimism about the upcoming securitization transaction [48][50] Question: Outlook for renewable energy and tax credits - Management confirmed no new tax credit activity in Q1 but remains optimistic about future opportunities [54][55] Question: Applications of AI within the company - Management highlighted the focus on using AI to improve internal processes, particularly in loan document management [70][72]

Financial Data and Key Metrics Changes - In Q1 2025, the company's revenue was $534 million, a decrease of 7.4% from $577 million in the prior year, but exceeded the forecasted plan [16] - Adjusted EBITDA increased to $56 million, representing 10.6% of revenue, compared to $55 million or 9.5% in the prior year [16] - Operating income rose to $41 million, or 7.8% of revenue, up from $38 million or 6.6% in the prior year [16] - Earnings per share decreased to $0.28 from $0.27 in the prior year [16] - Free cash flow improved to $16 million from a negative $29 million in the prior year [22] Business Segment Data and Key Metrics Changes - In the Digital segment, Q1 revenue was $108 million, down 3.6% year-over-year, but grew 2.8% excluding one-time product sales [17] - Recurring managed service offerings in Digital increased by 2.7%, representing approximately 66% of total revenue [17] - In the Engage segment, revenue decreased by 8.3% to $426 million, but operating income remained flat at $29 million, with a 70 basis point improvement as a percentage of revenue [20] - The Engage backlog was $1.59 billion, or 101% of the 2025 revenue guidance, up from 94% in the same period of 2024 [21] Market Data and Key Metrics Changes - The last twelve month revenue retention rate for Engage was 88%, down from 94% in the prior year, but adjusted for a large client loss, it was 93% [22] - Digital's first quarter operating income was $12 million, or 11.2% of revenue, compared to $9 million or 8.3% in the prior year [18] Company Strategy and Development Direction - The company is focused on three priorities: increasing diversification across clients and solutions, transforming experiences through digital innovation, and strengthening financial performance [4] - The strategy includes co-investing and collaborating with hyperscalers to build AI-enabled capabilities [4][9] - The company aims to enhance operational excellence and agility while managing costs effectively [26] Management's Comments on Operating Environment and Future Outlook - Management noted that clients are adopting a cautious approach due to economic uncertainties, impacting their investment decisions [2][31] - Despite the cautious environment, the company is encouraged by new client acquisitions and growth in existing client relationships [2][5] - The outlook for the second half of 2025 remains cautious due to potential macroeconomic impacts on client demand [25][26] Other Important Information - The company has made significant investments in proprietary technology and has a strong track record in customer experience (CX) technology [3][12] - The normalized tax rate increased to 37.9% in Q1 2025 from 32.7% in the prior year, primarily due to a valuation allowance against US pretax losses [25] Q&A Session Summary Question: Client adoption challenges - Management indicated that clients are excited about new technologies but are hesitant due to reliability concerns and economic uncertainties impacting their CapEx spending [31][32] Question: Differentiation from peers - The company believes it can differentiate itself through extensive experience and strong relationships with hyperscalers, focusing on digital CX transformation [39][41] Question: Cost optimization efforts - Management confirmed ongoing cost optimization efforts and emphasized the importance of balancing cost savings with investments in technology and AI [46][72] Question: Demand environment and contract sizes - Management noted that while there is a strong pipeline, contract sizes are starting smaller, reflecting caution in the market [78][79] Question: Pricing pressures - Management acknowledged competitive pricing pressures but expressed confidence in maintaining discipline in pricing strategies [82][84]

Financial Data and Key Metrics Changes - For Q1 2025, GAAP revenue increased by 3.2% year over year, while on a pro forma basis, revenue grew by 7.4% year over year [8][17] - Adjusted EBITDA was $44.9 million, representing a margin of 31.6%, with a year-over-year margin expansion of nearly 360 basis points [9][18] - Total payment volume (TPV) for Q1 was approximately $12.7 billion, reflecting nearly 9% year-over-year growth [16] Business Line Data and Key Metrics Changes - Subscription and transaction revenue grew by 8.1% year over year, with adjusted gross profit of $111.1 million and an adjusted gross margin of 78.1% [11][19] - Payments revenue, excluding fitness solutions, grew by 8.4% year over year, accounting for approximately 21% of overall revenue [15][16] - The number of customers enabled for more than one solution grew by 20% year over year, reaching 240,000 [13] Market Data and Key Metrics Changes - The company serves over 725,000 customers across its three major verticals: EverPro, EverHealth, and EverWell, with the first two representing 95% of consolidated revenue [10] - Annualized net revenue retention (NRR) was 97%, indicating strong customer retention [15] Company Strategy and Development Direction - The company is focusing on integrating AI capabilities into its customer-facing software to enhance innovation and maintain a competitive edge [12] - Strategic investments are being made in the payments platform to drive adoption and revenue acceleration [16] - The company is prioritizing payment attachment at the point of initial SaaS sale as a core strategy [25] Management's Comments on Operating Environment and Future Outlook - Management has not observed any degradation in key metrics despite macroeconomic volatility, indicating a stable operating environment [32] - The guidance for Q2 and full year 2025 remains unchanged, reflecting confidence in the business's resilience [33][22] Other Important Information - The Board of Directors approved a $50 million increase to the share repurchase program, extending it to year-end 2026 [9][21] - Cash flow from operations for Q1 was $30.7 million, more than double the previous year's figure [20] Q&A Session Summary Question: How has prioritizing payment attachment at the point of sale impacted sales teams? - Management noted an increase in payment attachment with new customers in Q1, indicating positive results from this strategy [25][26] Question: What are the biggest upsell opportunities within EverPro, EverHealth, and EverWell? - Management highlighted payments as the largest opportunity, along with additional product integrations to enhance customer experience [27][28] Question: Any changes in pipeline activity or expansion metrics due to macroeconomic factors? - Management confirmed no degradation in key metrics, maintaining a "business as usual" stance [32] Question: Is there potential tariff exposure on the EverPro side of the business? - Management indicated that most EverPro business is break-fix, suggesting limited direct exposure to tariffs [41] Question: Any surprises or areas of improvement identified in the EverPro business? - Management expressed optimism about growth opportunities in payments and cross-selling other products [44]

Financial Data and Key Metrics Changes - In Q1 2025, the company added over 6,000 net locations, with total locations reaching approximately 40,000, a 25% year-over-year increase [6][22] - Recurring gross profit streams grew 37% year-over-year, with adjusted EBITDA increasing to $133 million and GAAP operating income at $43 million [6][22] - Annual Recurring Revenue (ARR) grew 31%, with SaaS ARR increasing by 32% year-over-year [22][24] - Total gross payment volume (GPV) was $42 billion, growing 22% year-over-year, although GPV per location decreased by 3% [26] Business Line Data and Key Metrics Changes - Subscription revenue increased by 38%, and gross profit grew by 45%, benefiting from improved ARR to revenue conversion [24][25] - Payments ARR grew 31%, while fintech gross profit increased by 32% in Q1 [26] - Non-payment fintech solutions, particularly Toast Capital, contributed $47 million in gross profit, with solid growth in originations [27] Market Data and Key Metrics Changes - The company is deepening its penetration in the core U.S. market while also expanding into new geographies and verticals [7][22] - International markets are expected to cross 10,000 locations in 2025, with strong momentum in customer adoption [13][16] - Customer sentiment remains strong, with the average gross profit per location in international markets being higher than industry averages [59] Company Strategy and Development Direction - The company aims to scale locations and market share in the U.S. restaurant business while demonstrating that new markets can drive material growth [8][12] - Focus on increasing customer adoption of the platform and driving differentiation through data and AI [16][18] - The company plans to continue investing in high-priority areas while gradually expanding margins [19][30] Management's Comments on Operating Environment and Future Outlook - Management remains confident in navigating the macro environment, with stable consumer trends observed [22][43] - The company has raised its full-year outlook based on strong Q1 performance and anticipates record net adds in Q2 [8][30] - Management is prepared to manage costs effectively in the event of a recession while continuing to invest in growth [72][73] Other Important Information - The company repurchased $17 million in shares in Q1 and expects free cash flow to broadly mirror adjusted EBITDA for the full year [29][30] - The company is focused on building an AI-first culture to enhance customer impact and drive future monetization [57][92] Q&A Session Summary Question: Can you discuss the payback periods on large enterprise wins like Applebee's? - Management expressed excitement about the Applebee's deal, noting that payback periods for enterprise deals are attractive due to large ARR booked [33][36] Question: How is the macro environment affecting same-store sales and new business formation? - Management indicated that same-store sales remain stable and new business formations are also stable, contributing to confidence in future net adds [42][43] Question: What is the strategy regarding pricing in the current macro environment? - Management emphasized a balanced approach to pricing, focusing on ARR growth while being mindful of customer needs during economic fluctuations [47][48] Question: Can you provide an update on the rollout of AI solutions like Sous Chef and Toast IQ? - Management stated that it is early in the rollout process, but they are focused on driving customer impact and expect monetization to follow over time [51][57] Question: How is the company managing costs in light of potential tariff impacts? - Management noted that incremental costs from tariffs are manageable and that they have diversified their supply chain to mitigate risks [110][112] Question: What is the outlook for location growth and market share? - Management indicated that the core business continues to drive the majority of growth, with new segments expected to contribute more over time [115][102]

Financial Data and Key Metrics Changes - In Q1 2025, Expedia Group reported a 43% increase in bookings and revenue, which was at the lower end of their guidance range due to weaker travel demand in the U.S. [6][7] - EBITDA grew by 16%, and earnings per share increased by 90% [7][22] - Booked room nights grew by 6%, with low single digits growth in the U.S., mid single digits in Europe, and mid-teens growth in the rest of the world [7][22] - Total gross bookings reached $31.5 billion, up 4%, while revenue grew by 3% to $3 billion [24][26] Business Line Data and Key Metrics Changes - The B2B business saw a 14% increase in bookings, significantly outperforming the industry [8][22] - The advertising business delivered a robust 20% revenue growth, with a record number of deals signed [9][15] - Brand Expedia was the fastest-growing consumer brand with room nights up 7%, while Vrbo grew modestly and Hotels.com experienced a decline due to softer U.S. demand [9][10] Market Data and Key Metrics Changes - U.S. demand was soft, with inbound travel bookings down 7%, particularly from Canada, which fell nearly 30% [25][60] - The average daily rates (ADR) were $214, down 1%, although up 1% on an FX neutral basis [24][30] - The B2B segment benefited from strong international performance, particularly in APAC, which grew by 30% [23][30] Company Strategy and Development Direction - The company is focused on three strategic priorities: delivering more value for travelers, investing in growth opportunities, and driving operational efficiencies [10][19] - AI is being leveraged to enhance product offerings, improve marketing effectiveness, and streamline operations [13][80] - The company aims to improve its loyalty program and has made adjustments to better serve travelers [108][110] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the uncertainty in the macroeconomic environment but expressed confidence in the company's ability to adapt and continue delivering value [21][121] - The company expects Q2 gross bookings growth of 2% to 4% and revenue growth of 3% to 5%, with EBITDA margin expansion of 75 to 100 basis points [35][36] - Management highlighted the importance of maintaining a diversified B2B business to mitigate risks from macro headwinds [49][117] Other Important Information - The company ended the quarter with $6.1 billion in unrestricted cash and short-term investments [33][34] - A quarterly dividend of $0.40 per share was reinitiated, and share repurchases were accelerated [34] Q&A Session Summary Question: Marketing spend and ROI - Management indicated that they spent about $1 billion on marketing in Q1, slightly deleveraging, and will focus on profitable growth opportunities [39][42] Question: Hotels.com turnaround - Management expressed optimism about Hotels.com, noting recent brand relaunch efforts and positive momentum [40][41] Question: Managing macro headwinds - Management highlighted the strength and diversity of the B2B business, which is well-positioned to handle macroeconomic challenges [48][49] Question: Monthly trends and consumer behavior - Management noted a slowdown in April compared to March, with a shift towards lower ADR rate plans and increased discounts from hotel partners [60] Question: Experiences and attractions investment - Management acknowledged the growing importance of experiences and attractions but did not provide specific investment details [65][69] Question: AI investments - Management discussed the strategic importance of AI in enhancing products, driving traffic, and improving team effectiveness [75][80] Question: Booking curve and international rollout - Management noted a mixed picture in booking windows and highlighted strong growth in the B2B segment, particularly in Asia [89][90] Question: B2B performance and advertising impact - Management confirmed that while B2B experienced some pressure, it remained diversified and continued to grow, with advertising business prospects remaining strong [115][117]

Financial Performance - Amazon reported Q1 2025 earnings of $1.59 per share, exceeding estimates by 17.78% and showing a year-over-year increase of 40.7% [1] - Net sales for the quarter reached $155.7 billion, a 9% increase from the previous year, slightly above expectations [1] - The Zacks Consensus Estimate for 2025 net sales is $693.74 billion, indicating an 8.74% growth from the prior year [2] Future Guidance - For Q2 2025, Amazon expects net sales between $159.0 billion and $164.0 billion, representing a growth of 7-11% compared to Q2 2024 [1] - The company's operating income guidance for Q2 is between $13.0 billion and $17.5 billion, which is below the market expectation of $17.7 billion, leading to a 5% drop in after-hours trading [1] Market Challenges - The cautious second-quarter guidance is attributed to uncertainties surrounding tariffs on Chinese imports, affecting pricing strategies and consumer demand [6] - Despite these challenges, management noted that they have not yet observed a decline in demand, with some categories experiencing increased buying [6] Business Segments Performance - Amazon Web Services (AWS) continues to show strong growth, with a 17% year-over-year increase, reaching a $117 billion annualized revenue run rate [8] - AWS operating income rose 23% to $11.5 billion, with operating margins of 39.5% [8] - Advertising services also performed well, growing 19% year-over-year to $13.9 billion, showcasing Amazon's ability to monetize its consumer base [9] AI Investments - Amazon's investments in artificial intelligence (AI) are accelerating, with the AI business achieving a multi-billion dollar annual revenue run rate and triple-digit percentage growth year-over-year [11] - The company has introduced new AI models and expanded access to its Nova foundation models, positioning itself competitively in the AI space [12][13] Competitive Landscape - Competition in the AI sector is intensifying, with advancements from major tech companies like Microsoft, Nvidia, and Google [14] - Amazon's stock has underperformed year-to-date, declining 12.9%, compared to the broader Zacks Retail-Wholesale sector and S&P 500 [15] Valuation Concerns - Amazon's forward 12-month Price-to-Sales ratio is 2.79X, significantly higher than the Zacks Internet - Commerce industry average of 1.86X, raising questions about near-term upside potential [19] - Free cash flow has decreased to $25.9 billion for the trailing 12 months, down from $50.1 billion the previous year, reflecting aggressive capital investments [20][21] Investment Perspective - Maintaining positions in Amazon shares is considered prudent for current investors due to the company's long-term growth trajectory and leadership in cloud computing [24] - Prospective investors may consider waiting for a better entry point, especially with tariff concerns potentially causing volatility [24][25]

Financial Data and Key Metrics Changes - The company generated total revenue of $2.7 billion in the first quarter, with adjusted net earnings of $213 million or $0.78 per diluted share, compared to $206 million or $0.76 per share in the prior year [14][15][17] - Adjusted pretax title earnings were $211 million, with an adjusted pretax title margin of 11.7%, an increase of 100 basis points from 10.7% in the prior year [5][17] - Net earnings were reported at $83 million, including net recognized losses of $287 million, compared to net earnings of $248 million with $275 million of net recognized gains in the prior year [14][15] Business Line Data and Key Metrics Changes - The title segment generated $1.8 billion in total revenue, up from $1.6 billion in the prior year, with direct premiums increasing by 16% and agency premiums by 15% [16][17] - The F and G segment's assets under management (AUM) grew to $67.4 billion, a 16% increase year-over-year, driven by strong indexed annuity sales [11][19] - F and G's gross sales were $2.9 billion, down 17% compared to the prior year, primarily due to lower MYGA sales, but net sales retained were $2.2 billion [19][20] Market Data and Key Metrics Changes - Total orders opened averaged 5,600 per day in the first quarter, with a slight decrease to 5,800 per day in April, down 5% from March [9] - Daily refinance orders opened were 1,300 in the first quarter, up 33% year-over-year, while purchase orders opened were down 3% in April due to mortgage rate volatility [6][7][9] - Commercial revenue reached $293 million, up 23% year-over-year, marking the second-best commercial first quarter in history [8][19] Company Strategy and Development Direction - The company is focused on a dynamic capital allocation strategy, returning capital to shareholders through dividends and share repurchases while investing in technology and growth [6][10] - The management emphasized the importance of technology investments, including AI capabilities, to enhance operational efficiency and productivity [10] - The company aims to maintain its ownership stake in F and G above 80% to preserve options for potential future spin-offs [12][46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate various economic scenarios, highlighting a proven track record of managing business trends [9] - The outlook for the remainder of 2025 remains cautiously optimistic, with expectations for modestly better purchase activity and continued strength in commercial orders [56] - Management noted that while there are near-term headwinds affecting margins, the long-term growth potential for F and G remains strong [21][39] Other Important Information - The company repurchased 390,000 shares at an average price of $63.42 per share during the first quarter, viewing repurchases as opportunistic [23] - The consolidated debt outstanding was $4.4 billion, with a debt to capitalization ratio in line with long-term targets [22] - The InHERE digital transaction platform has been fully rolled out, enhancing customer experience and operational efficiency [72] Q&A Session Summary Question: Inquiry about April purchase orders and interest rates - Management noted that April purchase orders were down 3% year-over-year, with little variation week to week, but improved towards the end of the month [28] Question: Commercial open order activity in April - Total commercial orders were up 4% year-over-year, with national orders up 15% and local orders down 3% [29] Question: Expectations for quarterly investment income - The expected investment income was adjusted to $85-$90 million, driven by anticipated Fed funds rate cuts [30][31] Question: Buyback cadence for the remainder of the year - Management indicated a regular cadence for buybacks, with expectations for stronger activity than in the first quarter [36] Question: Headwinds affecting F and G's spreads - Management discussed pressures on spreads starting to abate, with strong sales in April and a focus on deploying cash at attractive rates [39] Question: Decision to invest in F and G's capital raise - The investment was driven by growth opportunities in F and G and the desire to maintain an ownership stake above 80% [46] Question: Opportunities in M&A activity - Management expects more M&A activity in the title sector compared to the previous year, with a focus on smaller transactions [48] Question: Regulatory changes impact on the title business - Management noted minimal impact from federal regulations and discussed a recent 10% rate reduction in Texas [64][68]

Investors came in to Upstart's (UPST 5.53%) first-quarter earnings report hoping the company would maintain its momentum from the end of last year.Its growth has accelerated thanks to a new artificial intelligence (AI) model, Model 18 or M18, that has significantly improved its conversion rate thanks to an even broader prediction set that includes approximately 1 million predictions per applicant, or six times its prior model.With those tailwinds behind it, Upstart's results in Q1 did not disappoint. Revenu ...

Financial Data and Key Metrics Changes - In Q1 2025, net revenues were RMB 1,450 million, with media services revenues at RMB 242 million, lead generation services revenues at RMB 645 million, and online marketplace revenues at RMB 566 million, reflecting a 2% year-over-year increase [19] - Cost of revenue was RMB 316 million, with a gross margin of 78.3%, down from 81.3% in the same period last year [19] - Operating profit was RMB 233 million, compared to RMB 276 million in the previous year, and adjusted net income attributable to Autohome was RMB 421 million, down from RMB 494 million [20] - Non-GAAP basic and diluted earnings per share were both 0.88, compared to 1.02 in the same period of 2024 [20] - As of March 31, 2025, cash, cash equivalents, and short-term investments totaled RMB 21,930 million [20] Business Line Data and Key Metrics Changes - Revenues from new energy vehicles (NEVs) and the new retail business increased by 72.6% year-over-year [14] - Revenues from data products grew by over 5% year-over-year [17] - The average mobile daily active users (DAUs) reached 76.92 million in March 2025, up 10.8% from the previous year [13] Market Data and Key Metrics Changes - Overall new car sales in Q1 2025 increased by 6% year-over-year, with NEV sales growing by 36%, although this was a slowdown from over 40% growth in the second half of the previous year [26] - The average profit margin in China's auto industry was only 3.9%, significantly lower than the 5.6% average for downstream industrial enterprises [26] Company Strategy and Development Direction - The company is focused on enhancing user experience and expanding its new retail network, aiming to establish nearly 200 space stores and satellite stores nationwide [10][30] - Autohome is evolving from a pure automotive media vertical into a comprehensive auto lifestyle ecosystem, integrating online and offline services [18] - The company is committed to technological innovation, particularly in AI applications, to improve operational efficiency and user experience [9][15] Management Comments on Operating Environment and Future Outlook - Management noted ongoing structural adjustments in the auto market, with NEVs becoming the main growth driver and continued policy support expected to lead to steady growth [28] - The company anticipates that the price war in the auto industry will continue in the short term but believes that the room for further price declines is limited [39] - Management emphasized the importance of transforming dealership operations to adapt to the decline in internal combustion engine vehicle sales and the rise of NEVs [40] Other Important Information - The company has authorized a share repurchase program of up to USD 200 million, with approximately USD 128 million already executed as of May 2025 [21] - The company plans to maintain a stable dividend payout of no less than RMB 1.5 billion for the year [49] Q&A Session Summary Question: What is the implication of the auto industry performance in Q1 for Autohome and the outlook for 2025? - Management noted that while new car sales grew, NEVs stood out despite a slowdown in growth rate, and they expect ongoing structural adjustments with NEVs as the main growth driver [25][28] Question: What is the progress on the new retail model and future plans? - Management reported the establishment of 29 space stores and 170 franchise satellite stores, with plans to exceed 500 locations by the end of 2025 [30][32] Question: What is the status of the Harris acquisition and its impact on Autohome's strategy? - The acquisition is still pending regulatory approval, and management reiterated their commitment to the O2O model and NEV development [37] Question: When will OEM pricing stabilize and what is the impact of dealer bankruptcies on lead generation? - Management expects the price war to continue in the short term but believes the market will stabilize after inventory clearance and subsidy transitions [39] Question: What updates are there on the new retail model and shareholder return plans? - The new retail strategy has evolved to enhance buyer experience and reduce transaction costs, with a commitment to maintain stable shareholder returns including dividends and share repurchases [48][49] Question: How will trade tensions impact the car market and Autohome's business? - Management believes the impact of trade tensions will be limited, as the domestic market is primarily driven by NEVs and has a low market share of US brands [53]

Kaltura (KLTR) Q1 2025 Earnings Call May 08, 2025 08:00 AM ET Speaker0 Good morning, everyone, and welcome to the Kaltura First Quarter twenty twenty five Earnings Call. All material contained in the webcast is the sole property and copyright of Kaltura with all rights reserved. For opening remarks and introductions, I will now turn the call over to Ericka Mannion at Sapphire Investor Relations. Please go ahead, Ericka. Thank you, operator, and good morning. I am joined by Ron Yucatiel, Kaltura's Co Founder ...