Core Viewpoint - Ericsson reported stronger-than-expected fourth-quarter earnings, with an EPS of 27 cents, surpassing the analyst consensus estimate of 23 cents [1] Financial Performance - The company's reported sales for the quarter were 69.3 billion Swedish Krona ($7.37 billion), representing a 5% year-over-year decline but exceeding the consensus revenue estimate of $7.03 billion [2] - Organic sales rose by 6% for the period, excluding the impact of acquisitions, divestments, and foreign currency fluctuations [2] Segment Performance - The Networks division experienced a 6% decline in sales, while the Enterprise segment saw a significant 25% drop, mainly due to the divestment of iconectiv [3] - Cloud Software and Services sales grew by 3%, with a 12% increase in sales across all market areas [4] - Within the Networks segment, organic sales decreased by 4%, with growth in specific regions partially offsetting declines in others [4] Profitability and Cash Position - The adjusted gross margin improved to 48.0% from 46.3% year-over-year, driven by cost-reduction actions and operational efficiency [5] - Adjusted EBIT margin improved to 17.7% from 13.1% year-over-year, and adjusted EBITA margin improved to 18.3% from 14.1% [5] - Free cash flow before M&A was 14.9 billion Swedish Krona, down from 15.8 billion Swedish Krona in the prior-year period [6] - The company's net cash position was 61.2 billion Swedish Krona at year-end 2025 [6] CEO Commentary - CEO Börje Ekholm highlighted that the company achieved organic growth despite a flat RAN market, driven by momentum in mission-critical networks, 5G core, and Enterprise [7]

Core Viewpoint - Kevin O'Leary advises young adults to rent instead of buying a home, emphasizing the importance of waiting until significant life changes occur, such as starting a family [1][4]. Group 1: Renting vs. Buying - O'Leary suggests that young adults should start by renting, particularly if they have an average salary of $70,000, and keep their living space small, ideally under 1,500 square feet [1]. - He warns against jumping into homeownership unless buyers plan to stay in the home for at least five years to avoid financial losses from closing costs and other expenses [2][3]. - Renting is framed as a strategic decision that allows flexibility and time to determine long-term living preferences and needs [6]. Group 2: Financial Considerations - The five-year rule is highlighted as a common benchmark among financial experts, indicating that it takes time to build equity in a home due to high initial costs [3]. - O'Leary points out that with current mortgage rates around 7%, even modest homes can be financially burdensome for individuals earning $70,000 [5]. - He emphasizes the importance of keeping housing budgets aligned with income to avoid overextending financially [5].