TORONTO, Sept. 17, 2025 (GLOBE NEWSWIRE) -- Carlton Precious Inc. (TSX-V: CPI | OTCQB: CPIFF) ("Carlton Precious" or the "Company") announces that the Company has filed a notice of intention to distribute securities (Form 45-102F1) (the “Notice”) in connection with its proposed sale of up to 5 million common shares of Athena Gold Corporation (CSE: ATHA) (“Athena”). The common shares are expected to be sold through the facilities of the Canadian Securities Exchange, and may also be sold or transferred privat ...

Summary of Roku (ROKU) 2025 Conference Call Company Overview - **Company**: Roku, Inc. (ROKU) - **Date**: September 03, 2025 - **Speaker**: Dan Jedda, Chief Financial Officer Key Points Industry and Market Position - Roku operates in the streaming media industry, focusing on broadband penetration and digital content distribution [8][9] - The company claims to have over half of all broadband households in the U.S. and significant scale in Mexico, Canada, and growing presence in Brazil and the UK [8][9] Strategic Focus - **Three-Pronged Strategy**: 1. **Scale**: Achieved significant broadband penetration 2. **Engagement**: Over 20% of all TV viewing in the U.S. occurs on the Roku platform, with 5% of overall streaming [9][10] 3. **Monetization**: Focused on growing platform revenue through advertising and content distribution agreements [10][12] Financial Performance - Exited 2023 with an adjusted EBITDA of $4 million, projecting $375 million for 2025, indicating a strong growth trajectory [12][84] - Achieved 9% EBITDA margins in 2025, with expectations to reach double-digit margins soon [84][85] Advertising Strategy - Expanded partnerships with multiple demand-side platforms (DSPs) to enhance monetization opportunities [21][25] - Emphasizes flexibility in pricing across the entire CPM demand curve, allowing for a broader range of advertisers [26][29] - Current fill rates are around 50%, with potential to reach 70-80% as demand grows [32][33] Subscription Services - Acquired Frndly TV, a virtual MVPD, to enhance Roku's subscription offerings and leverage its platform for growth [66][67] - Frndly TV offers over 50 channels at a competitive price, appealing to budget-conscious consumers [66] International Expansion - Focused on strengthening positions in existing markets (U.S., Mexico, Canada) before expanding into new countries [78] - Acknowledges challenges in penetrating more entrenched markets but remains open to future expansion [78] Operating System and Competitive Landscape - Roku maintains a first-mover advantage in the streaming OS market, with plans to continue enhancing its platform [80][81] - Anticipates competition from companies like Amazon and Walmart but remains confident in its market position [80][82] Future Outlook - Long-term focus on operating margin profitability and free cash flow, with a goal of achieving double-digit operating profit margins [85][86] - Announced a $400 million share buyback program, indicating a commitment to returning capital to shareholders [90][91] Additional Insights - The shift towards performance-based advertising is expected to dominate the digital advertising landscape, with Roku well-positioned due to its first-party data [36][41] - The self-service advertising tool, Roku Ads Manager, is gaining traction among small and medium businesses, opening new revenue streams [49][50] Conclusion Roku is strategically positioned in the streaming industry with a focus on scale, engagement, and monetization. The company is experiencing strong financial growth, expanding its advertising capabilities, and enhancing its subscription services while maintaining a competitive edge in the operating system market. Future growth is anticipated through continued focus on profitability and capital return strategies.

Financial Data and Key Metrics Changes - The company reported revenue of $106 million for Q2 2025, a decrease of 11% from $120 million in the same period last year [20] - Adjusted EBITDA rose 4% to $15 million, representing 14% of revenue, primarily due to business transformation efforts and cost management [6] - Non-GAAP earnings per share was $0.11, compared to $0.12 in Q2 2024 [23] - Operating cash flow was $10 million, a significant improvement from a cash outflow of $2 million in the previous year [24] Business Line Data and Key Metrics Changes - Pay TV revenue decreased by 18% to $50 million, largely due to minimum guarantee revenue recognized in the prior year [20] - IPTV solutions saw a revenue growth of 24%, reaching an installed base of over 3 million subscriber households [16] - Consumer electronics revenue increased by 23% to $19 million when excluding divestitures [21] - Connected car revenue decreased by $6 million due to fewer minimum guarantee agreements compared to last year [22] Market Data and Key Metrics Changes - IPTV solutions in North America and Latin America grew over 30% year over year [16] - The company expanded its DTS AutoStage solution, signing two new OEM programs and launching in several new car models [13] - The advertising market is experiencing uncertainty, impacting customer decisions and revenue forecasts [5][30] Company Strategy and Development Direction - The company is focused on strategic growth initiatives, including the TiVo ONE ad platform, connected car solutions, and IPTV services [4][9] - The goal for the TiVo ONE ad platform is to reach 5 million monthly active users by the end of 2025, with current users at 3.7 million [12] - The company aims to build partnerships and enhance its advertising revenue through increased user engagement and partnerships with major retailers [10][13] Management's Comments on Operating Environment and Future Outlook - Management noted a challenging operating environment due to macroeconomic uncertainty, tariffs, and a weakening consumer environment [5] - The company expects slower IPTV subscriber growth and softer automotive production volumes in the second half of 2025 [24] - Despite revenue outlook reductions, management remains optimistic about business transformation efforts and long-term profitability [24][43] Other Important Information - The company has signed nine partners for the TiVo OS, nearing its goal of ten partners for 2025 [12] - Significant multiyear renewals were signed with key customers, including Liberty Latin America and Cable One [16] - The company is exploring stock buyback strategies as part of its capital allocation [41] Q&A Session Summary Question: Clarification on volatility between Q2 and Q3 - Management noted uncertainty in the near-term outlook led to customers being less likely to enter long-term deals, resulting in delays [29] Question: Dynamics of the ad platform and growth expectations - Management expects monthly active users to grow to 5 million, which will enhance advertising opportunities despite unit volume declines [37] Question: Commentary on stock buyback strategy - The company has authorization for stock buybacks and is discussing this with the board, particularly given current stock prices [41]