Financial Performance - Gray Media's 1Q25 total revenue exceeded guidance, reporting $782 million compared to the guidance of $764-$775 million[9] - Retransmission revenue in 1Q25 also surpassed guidance, reaching $379 million against a guidance of $375-$377 million[9] - Core revenue for 1Q25 aligned with guidance at $344 million[9] - Broadcasting expenses for 1Q25 were below the low end of guidance at $577 million, compared to the guidance of $582-$587 million[9] - Production companies' expenses for 1Q25 were also below the low end of guidance at $20 million, versus a guidance of $21-$22 million[9] - Corporate expenses for 1Q25 were below the low end of guidance at $32 million, compared to the guidance of $33-$35 million[9] - Adjusted EBITDA for the quarter ending March 31, 2025, was $160 million[12] - Net loss for the quarter ending March 31, 2025, was $9 million, compared to a net income of $88 million for the same period in 2024[12] - Total revenue for the year ending December 31, 2024, was $3644 million, compared to $3281 million in 2023[12] Debt and Leverage - Gray Media reduced debt principal by $17 million in 1Q25 and $520 million in 2024[13, 15] - As of March 31, 2025, the company had $240 million remaining under its debt repurchase authorization[15] - The leverage ratio at 1Q25 was 548x, with a leverage ratio denominator of $998 million[13] - First lien leverage ratio at 1Q25 was 292x[13] - Total outstanding principal including current portion was $5673 million as of March 31, 2025[20]

Strategic Decisions & Financial Performance - Genesis Energy successfully exited its soda ash business for $1425 billion, receiving ~$1 billion in net proceeds[6, 9] - The transaction significantly reduced annual cash costs by >$120 million[9] - Reported Adjusted EBITDA of $1317 million in the first quarter[9] - The company maintains a clear path to Adjusted EBITDA growth in 2025 and increasing cash flow[9] Offshore Pipeline Transportation - Shenandoah and Salamanca developments remain on schedule for first oil in mid-2025, with a combined capacity of ~200k/d[9] - A new 105-mile SYNC pipeline connecting to Shenandoah FPS is in progress, with commissioning scheduled for late-May 2025[9] - Offshore Pipeline Transportation segment margin was $76548 thousand in 1Q 2025[14] Capital Allocation & Credit Profile - Annual cash costs to run the business are ~$425 - $450 million per year[9] - The company has a credit facility with $800 million in commitments[9] - The leverage ratio was 549x at the end of the first quarter, with a target of maintaining it at or near 40x[9, 14]

Cautionary Note Regarding Forward–Looking Information This presentation includes "forward-looking information" and "forward-looking statements" within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, "forward looking information"). All information, other than statements of historical facts, included in this presentation that address activities, events or developments Hut 8 Corp. ("Hut 8" or the "Company") expects or anticipates will or may occur in the f ...

Core Viewpoint - Qualstar Corporation reported earnings of $0.13 per share for Q1 2025, highlighting a commitment to growth and shareholder value [4]. Financial Performance - Revenues for the three months ended March 31, 2025, were $1.659 million, a decrease of 28% compared to $2.287 million in the same period of 2024 [2][7]. - Gross profit for Q1 2025 was $609,000, down from $700,000 in Q1 2024, reflecting a 27.5% decline [2][7]. - Gross margin improved to 36.7% in Q1 2025 from 30.6% in Q1 2024, attributed to changes in product and customer mix [2][7]. - Net income for Q1 2025 was $183,000, compared to a net loss of $100,000 in Q1 2024 [2][7]. - Adjusted EBITDA for Q1 2025 was $62,000, a significant improvement from a negative $144,000 in Q1 2024 [2][7]. Operational Insights - The decrease in revenue was primarily due to lower shipments of power supply products and data storage products, influenced by the loss of a large customer in 2024 [7]. - The company ended the quarter with $2.3 million in cash and cash equivalents, indicating a stable liquidity position [7]. Strategic Focus - Qualstar is actively pursuing acquisitions and partnerships in the data management software and hardware systems sectors, aiming to enhance its market position [7].

Financial Performance - Q1 2025 - Total Operating Revenues increased to $162 million, a 7.7% increase compared to $150 million in Mar'24 [4] - Revenue from casino contracts grew to $76 million, a 13.5% increase from $67 million in Mar'24 [4] - Non-Gaming revenue reached $86 million, a 3.0% increase from $83 million in Mar'24 [4] - Total Operating Costs & Expenses increased to $(146) million, a 9.2% increase from $(134) million in Mar'24 [4] - Operating Income decreased to $15 million, a 5.0% decrease from $16 million in Mar'24 [4] - Net Loss increased to $(17) million, a 9.6% increase from $(16) million in Mar'24 [4] - Adjusted EBITDA increased to $70 million, a 5.6% increase from $66 million in Mar'24 [4] Key Operating Metrics - Q1 2025 - Mass Table Drop was $924 million, a 4% increase compared to 4Q'24 and 0% compared to 1Q'24 [13] - Mass Table Hold was 32.8%, a 68 bps increase compared to 4Q'24 and a 335 bps increase compared to 1Q'24 [13] - Mass GGR was $303 million, a 6% increase compared to 4Q'24 and 11% increase compared to 1Q'24 [13] - Slots GGR was $33 million, a 12% increase compared to 4Q'24 and 23% increase compared to 1Q'24 [13] - Total GGR was $336 million, a 4% increase compared to 4Q'24 and 6% increase compared to 1Q'24 [13]

Company Overview - Kimbell Royalty Partners offers a unique annualized cash distribution yield of 15.2%[10] - Kimbell has interests in over 131,000 gross wells across over 17 million gross acres in the US[17] - Since its IPO in 2017, Kimbell has completed over $2 billion in M&A transactions and grown run-rate average daily production by over 8x[17] - Kimbell has returned 68% of the $18 per unit IPO price via quarterly cash distributions since 2017[17] Financial Highlights - Kimbell's Net Debt / TTM Adjusted EBITDA is 0.9x as of March 31, 2025[20] - Q1 2025 run-rate oil, natural gas and NGL revenues reached a record of $88.6 million[25, 29] - Q1 2025 consolidated Adjusted EBITDA was a record $75.5 million[23, 29] Asset Base and Drilling Inventory - Kimbell has a shallow PDP decline rate of approximately 14%[19] - The company possesses a net royalty acre position of approximately 158,350 acres[19] - Kimbell has identified 11,510 gross / 77.71 net total upside locations on major properties alone as of December 31, 2024[45] - Kimbell estimates that only 6.5 net wells are needed per year to maintain production, reflecting over 14 years of drilling inventory including major and minor locations[45] Tax Structure - Approximately 70% of the distribution to be paid on May 28, 2025, is estimated to constitute non-taxable reductions to the tax basis of each distribution recipient's ownership interest in Kimbell[13, 35, 67]

Financial Performance - Revenues increased by 15.4% year-over-year to a record $222.3 million in Q1 2025, driven by strong performance in key markets and market share gains[12, 32] - Single-family residential revenues grew 21.6% year-over-year to $88.9 million, supported by dealership growth and geographic expansion[12, 32] - Multi-family and commercial revenues increased 11.6% year-over-year to $133.4 million, reflecting consistent execution on the growing backlog[12] - Adjusted EBITDA increased 37.5% year-over-year to $70.2 million, with the Adjusted EBITDA margin improving to 31.6% of revenues[12, 35] - Operating cash flow was strong at $46.9 million, resulting in a record quarterly free cash flow of $28.8 million[12, 44] Backlog and Orders - Backlog grew 24.9% year-over-year to a record $1.14 billion, representing a book-to-build ratio of 1.2x[12, 16] - U S backlog represents 95% of the total backlog[16] - Single-family residential orders increased 16.6% year-over-year in Q1 2025[12, 32] Outlook and Strategy - The company anticipates full year 2025 revenue between $960 million and $1.02 billion, and Adjusted EBITDA between $305 million and $330 million[52, 53] - Vinyl revenues are projected to be approximately $25 million at the high end of the outlook[55] - The company is implementing mitigation actions to offset the potential $25 million impact of U S aluminum tariffs in 2025[36, 39]

Core Viewpoint - Studio City International Holdings Limited reported a year-over-year increase in total operating revenues for Q1 2025, driven by improved gaming and non-gaming operations, despite a net loss attributable to the company. Financial Performance - Total operating revenues for Q1 2025 were US$161.7 million, up from US$150.2 million in Q1 2024, reflecting a growth of approximately 11.0% [2] - Studio City Casino generated gross gaming revenues of US$336.2 million in Q1 2025, compared to US$318.4 million in Q1 2024, marking an increase of about 5.5% [2] - Revenue from casino contracts was US$75.9 million in Q1 2025, up from US$66.9 million in Q1 2024, indicating a growth of approximately 13.4% [5] - Total non-gaming revenues for Q1 2025 were US$85.8 million, compared to US$83.3 million in Q1 2024, showing an increase of about 3.0% [6] Gaming Operations - Mass market table games drop was US$923.9 million in Q1 2025, slightly up from US$923.3 million in Q1 2024, with a hold percentage of 32.8% in Q1 2025 compared to 29.5% in Q1 2024 [3] - Gaming machine handle for Q1 2025 was US$871.5 million, an increase from US$824.3 million in Q1 2024, with a win rate of 3.8% in Q1 2025 compared to 3.2% in Q1 2024 [3] Operating Income and Loss - Operating income for Q1 2025 was US$15.3 million, down from US$16.1 million in Q1 2024 [7] - Adjusted EBITDA for Q1 2025 was US$69.9 million, compared to US$66.2 million in Q1 2024, reflecting an increase of approximately 4.0% [7] - Net loss attributable to Studio City for Q1 2025 was US$16.0 million, or US$0.08 per ADS, compared to a net loss of US$14.6 million, or US$0.08 per ADS, in Q1 2024 [8] Non-Operating Expenses - Total net non-operating expenses for Q1 2025 were US$30.8 million, primarily due to interest expenses of US$32.5 million, partially offset by net foreign exchange gains of US$2.0 million [9] Financial Position - Total cash and bank balances as of March 31, 2025, were US$98.0 million, down from US$127.8 million as of December 31, 2024 [12] - Total debt at the end of Q1 2025 remained stable at US$2.16 billion [12] - Capital expenditures for Q1 2025 were US$16.1 million [12] Room and Gaming Statistics - Average daily rate for rooms was US$169 in Q1 2025, up from US$159 in Q1 2024 [29] - Occupancy per available room was 99% in Q1 2025, compared to 96% in Q1 2024 [29] - Average number of table games increased to 253 in Q1 2025 from 246 in Q1 2024 [29]

Q1 2025 Performance Highlights - Altice USA reported 37,000 broadband subscriber net losses[10] - The company achieved 69,000 fiber net additions, surpassing 600,000 fiber customers[10] - Mobile line net additions reached 49,000, achieving the 500,000 mobile lines milestone[10] - Broadband ARPU grew by 2.4% year-over-year[10] - Gross margin reached 68.8% due to optimized programming agreements[10] Financial Results - Total revenue for Q1 2025 was $2.15 billion, a decrease of 4.4% year-over-year[50] - Adjusted EBITDA for Q1 2025 was $799 million, a decrease of 5.6% year-over-year[50] - Excluding non-carriage impacts, revenue decreased by 3.9% and Adjusted EBITDA decreased by 4.8%[26] - Cash capital expenditures were $356 million, representing 16.5% of revenue[50] 2025 Outlook and Strategy - Altice USA aims to deliver approximately $3.4 billion in Adjusted EBITDA for FY 2025[12, 15, 19] - The company is targeting approximately $1.2 billion in cash capital expenditures in FY 2025[39] - Altice USA estimates a $12 million negative revenue impact and a $7 million negative Adjusted EBITDA impact from the temporary non-carriage of certain programming networks in Q1 2025[27, 53] - The company's fiber network penetration reached 20.3%[34]

Core Insights - Cars.com Inc. reported Q1 2025 revenue of $179 million, a slight decrease of 1% year-over-year, driven by a 6% growth in OEM and National revenue, while subscription-based Dealer revenue fell by 2% due to macroeconomic pressures [3][6] - The company achieved a record of 29 million average monthly unique visitors, reflecting strong engagement and adoption of its solutions [1][11] - Cars.com increased its dealer customer base to 19,250, indicating a positive trend in dealer engagement [1][11] Financial Performance - Total revenue for Q1 2025 was $179.0 million, down from $180.2 million in Q1 2024 [3][31] - Net loss for the quarter was $2.0 million, or $0.03 per diluted share, compared to a net income of $0.8 million, or $0.01 per diluted share in the prior year [8][32] - Adjusted net income decreased by 16% to $24.0 million, or $0.37 per diluted share, from $28.7 million, or $0.43 per diluted share a year ago [3][36] Operational Highlights - Average monthly unique visitors increased by 26% quarter-over-quarter and 3% year-over-year, reaching 29 million [5][11] - The company reported a 16% quarter-over-quarter growth in AccuTrade appraisals, indicating improved customer engagement [11] - DealerClub saw a 60% increase in active users and nearly doubled the volume of completed auctions from February to March 2025 [11] Cost Management - Total operating expenses for Q1 2025 were $172.6 million, up from $167.4 million in the prior year, influenced by the acquisition of DealerClub and higher severance costs [7][31] - Adjusted operating expenses remained flat at $155.3 million, reflecting disciplined cost management [7][38] Cash Flow and Balance Sheet - Net cash provided by operating activities was $29.5 million, down from $33.5 million in the prior year [9][33] - Free cash flow for the quarter totaled $23.7 million, compared to $27.5 million in Q1 2024 [9][37] - As of March 31, 2025, total debt outstanding was $460 million, with total liquidity of $321.4 million [10][10] Strategic Outlook - The company aims to reaccelerate dealer revenue growth in Q2 2025 through growth initiatives, including marketplace and website repackaging [2][14] - Full-year 2025 revenue guidance has been suspended due to macroeconomic uncertainties, but the company reaffirms its Adjusted EBITDA margin guidance of 29% to 31% [14][15]