LiveRamp (RAMP) Q4 2025 Earnings Call May 21, 2025 04:30 PM ET Company Participants Andrew Borst - Vice President - IRScott Howe - CEO and DirectorLauren Dillard - Executive VP & CFOElizabeth Porter - Executive DirectorAlec Brondolo - Director - Equity Research Conference Call Participants Shyam Patil - AnalystJason Kreyer - Senior Research AnalystPeter Burkly - AnalystMark Zgutowicz - Equity Research Analyst Operator Afternoon, ladies and gentlemen, and welcome to LiveRamp's Fiscal twenty twenty five Fourt ...

Amazon (AMZN -1.01%) and Tesla (TSLA 0.42%) easily outperformed the S&P 500 (^GSPC -0.39%) last year, but the following billionaire hedge fund managers bought one and sold the other in the first quarter this year. Importantly, the trades took place in the first quarter, which ended about 50 days ago. But most Wall Street analysts still think investors should buy Amazon and avoid Tesla, as implied by the following target prices: Here's what investors should know about Amazon and Tesla. Amazon: The stock Engl ...

Company Overview - Nexxen International Ltd. is a global advertising technology platform specializing in data and advanced TV, offering a flexible and unified technology stack that includes a demand-side platform (DSP) and supply-side platform (SSP) [5] - The company is headquartered in Israel and has offices across the United States, Canada, Europe, and Asia-Pacific, and is publicly traded on Nasdaq under the ticker NEXN [6] Upcoming Investor Day - Nexxen will host an Investor Day on May 22, 2025, from 9:00 AM ET to 12:30 PM ET in New York City, featuring a comprehensive overview of the company's strategic vision, financial growth outlook, product suite, and upcoming innovations [1][2] - The event will include sessions on industry outlook by a leading advertising market expert, a customer panel discussion, and a Q&A session with executive leadership [2] Attendance and Registration - The Investor Day will be available both in-person (by invitation only) and virtually, with advanced registration required for in-person attendance [3] - A live stream of the event will be accessible to the public, and interested parties can register for the webcast ahead of the event [8]

Company Performance - Integral Ad Science (NASDAQ: IAS) shares have declined over 20% this year despite Q1 results exceeding guidance [1] - The underlying metrics of the company are healthy, indicating a solid business outlook [1] Investment Focus - The company is of interest to individual investors focused on undercovered companies, particularly in technology, software, electronics, and energy transition sectors [1]

Core Viewpoint - AppLovin has attracted controversy due to bearish reports from short sellers, yet a significant investment from billionaire Chase Coleman indicates strong confidence in the company's future growth potential [1][3]. Investment Activity - Chase Coleman of Tiger Global Management purchased nearly $575 million worth of AppLovin stock, making it his largest new position in the first quarter, representing 1.7% of his portfolio and ranking as his 16th-largest holding [2][3]. Business Model and Technology - AppLovin operates an advertising platform for gaming app companies and is selling a legacy portfolio of gaming apps. The introduction of Axon 2, an AI-based advertising technology, is expected to drive substantial revenue growth [5][8]. - Axon 2 utilizes predictive machine learning to enhance ad targeting, bidding, and placement, aiming to identify gamers likely to engage with ads and maximize return on ad spending [6][8]. Financial Performance - In 2022, AppLovin generated $2.8 billion in revenue, which is projected to grow to $4.7 billion by 2024. In Q1 2023, revenue increased by 40% to $1.48 billion, with advertising revenue surging 70% to $1.16 billion [9]. - The company's gross margin improved significantly, rising from 55.4% in 2022 to 75.2% in 2024, and further to 81.7% in Q1 2023 [10]. Competitive Landscape - AppLovin's growth appears to be at the expense of competitors like Unity Software, which has seen a decline in revenue in its adtech business [11]. - The company anticipates long-term revenue growth from gaming clients in the 20% to 30% range, with plans to expand Axon 2's application to the e-commerce sector [12]. Valuation - Despite significant stock gains over the past two years, AppLovin's valuation remains reasonable, with a forward price-to-earnings (P/E) ratio of just under 45 and a price/earnings-to-growth (PEG) ratio of 0.56, indicating potential undervaluation [13].

Market Overview - The stock market has rebounded significantly after a turbulent period, with the S&P 500 index recovering from a 19% decline and now up 1% year to date [1][2] Trade Relations and Corporate Earnings - Efforts by the Trump administration to negotiate bilateral trade deals have alleviated fears regarding trade wars and economic disruptions [2] - Strong corporate earnings, particularly in the AI sector, have contributed to increased investor optimism [2] Company Highlights Apple - Apple benefits from a temporary suspension of retaliatory tariffs between the U.S. and China, reducing uncertainty for the company [4] - China accounts for nearly 17% of Apple's global sales, and over 80% of iPhones are manufactured there [5] - In the fiscal second quarter, Apple reported a 5% year-over-year revenue increase and an 8% rise in earnings per share (EPS) to $1.65 [6] - Anticipation for the next-generation iOS 19 and iPhone 17, which will feature more AI-optimized capabilities, is expected to drive sales [7] - Shares are currently down about 18.5% from their 52-week high, presenting a potential buy opportunity [7] AppLovin - AppLovin's share prices have surged by 339% over the past year, driven by growth in AI-powered mobile advertising solutions [8] - In the first quarter, advertising revenue increased by 71% year over year, with EPS rising by 149% to $1.67 [9] - The company is expanding into e-commerce and video streaming, leveraging its AI capabilities for targeted advertising [10] - AppLovin trades at a forward price-to-earnings ratio (P/E) of 33, indicating a reasonable valuation given its growth trajectory [11] Super Micro Computer - Super Micro Computer is a key player in AI infrastructure, providing server systems that support Nvidia's AI chips [12] - The company faced challenges in 2024, including a DOJ probe, but an independent committee found no evidence of fraud, allowing it to file its audited annual report [13] - Supermicro excels in liquid cooling technology, which is expected to be adopted by over 30% of new data centers globally by 2025 [14] - Wall Street estimates project a 48% annual revenue growth for 2025, with the stock trading at a forward P/E of 22, indicating strong growth potential [15]

I n v e s t o r R e l a t i o n s , F e b r u a r y 2 3 , 2 0 2 3 This presentation contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to diff ...

DoubleVerify (DV) FY Conference May 14, 2025 03:00 PM ET Speaker0 Okay. Good afternoon everyone. I am Mark Murphy, head of software research with JPMorgan. Great pleasure to be here with Mark Zagorski who is CEO of Double Verify and Nicola Alais who is CFO of the company. So first off, welcome to the conference and thank you so much. It's great privilege and thank you for making the trip. Speaker1 Of course, of course, thanks. Speaker0 Do you want to give a quick one liner mark perhaps just for the benefit ...

Core Insights - Nexxen International Ltd. reported record financial results for Q1 2025, driven by a 40% year-over-year growth in Connected TV (CTV) revenue and a 95% increase in Adjusted EBITDA [1][3][5] - The company completed a $50 million Ordinary Share repurchase program and initiated a new $50 million repurchase program in April 2025 [1][11] - Nexxen will host an investor day on May 22, 2025, to discuss its growth strategies and innovations [1][3] Financial Performance - Q1 2025 Contribution ex-TAC reached $75.0 million, an 8% increase year-over-year [5][10] - Programmatic revenue for Q1 2025 was $71.8 million, up 10% year-over-year, and accounted for 92% of total revenue compared to 88% in Q1 2024 [5][10] - Adjusted EBITDA for Q1 2025 was $23.1 million, reflecting a 95% increase year-over-year, with an Adjusted EBITDA margin of 31% on a Contribution ex-TAC basis [5][10][12] Operational Highlights - The company added 101 new actively spending first-time advertiser customers in Q1 2025 across various sectors, including travel and financial services [11] - Nexxen expanded its partnerships with major players in the industry, enhancing its advanced TV offerings and programmatic advertising capabilities [11] - The launch of nexAI, an AI-powered suite of tools, is expected to improve data usability and performance for clients [3][11] Financial Guidance - Nexxen reaffirmed its full-year 2025 financial guidance, projecting Contribution ex-TAC of approximately $380 million and Adjusted EBITDA of around $125 million [6][7] - The company remains confident in its guidance despite potential market softness due to economic uncertainties [6][7]

Summary of Taboola.com (TBLA) FY Conference Call - May 13, 2025 Company Overview - **Company**: Taboola.com (TBLA) - **Industry**: Performance Advertising - **Core Business**: Taboola is a leading global performance advertising platform that helps businesses place performance ads across the open internet, leveraging unique data and AI to target ads effectively [7][8][9]. Financial Projections - **2025 Revenue Projection**: Expected to achieve approximately $1.9 billion in revenue [10]. - **EBITDA Margin Target**: Aiming for 30% EBITDA margins, translating to about $211 million to $212 million in adjusted EBITDA [10]. - **Free Cash Flow Conversion**: Targeting a conversion rate of 50% to 60% of adjusted EBITDA to free cash flow, with expectations to be closer to the 60% end [10]. New Product Launch - **Realize Platform**: Introduction of a new advertising platform that expands beyond native advertising to include display ads and vertical video ads, allowing performance advertisers to achieve their goals across various media formats [11][12]. Market Position and Strategy - **Addressable Market Expansion**: The company aims to capture a larger share of the display ad market, which is three times larger than the native ad market [13]. - **Performance vs. Branding**: Emphasizes the difference between performance advertising (specific goals like CPA and CPL) and branding advertising, noting a gap in the market for automated performance advertising solutions [14][15][16]. - **Unique Data Advantage**: Taboola's data is derived from being hard-coded on publisher pages, providing a unique targeting capability that competitors may struggle to replicate [28][29]. Competitive Landscape - **End-to-End Solution**: Taboola operates as both a Demand-Side Platform (DSP) and Supply-Side Platform (SSP), providing a competitive edge in the open internet space [26][27]. - **Response to Competitors**: Acknowledges competition from other DSPs and SSPs but believes its unique data and direct relationships with advertisers and publishers provide a significant advantage [27][30]. Generative AI and Technology Integration - **Generative AI Utilization**: The company is integrating generative AI to enhance internal productivity and improve customer experience through tools like Abby, a self-service generative AI assistant for advertisers [70][72][123]. - **Deep Learning AI**: Continues to invest in deep learning AI to optimize ad targeting and improve revenue per ad spot [118][120]. Capital Allocation and Financial Strategy - **Share Buybacks**: The primary focus for excess cash flow is on aggressive share buybacks, with over $90 million repurchased in the first quarter and a half of the year [105]. - **M&A Strategy**: Plans to pursue smaller, tuck-in acquisitions rather than large-scale mergers, while also considering debt repayment as a lower priority following a recent refinancing [106][107]. Yahoo Integration and Performance - **Impact of Yahoo Deal**: The acquisition of Yahoo has significantly increased adjusted EBITDA and free cash flow, although some expected demand sources have not materialized as quickly as anticipated [94][96]. - **Brand Advertiser Engagement**: The company has successfully transitioned several large brand advertisers to its platform, although some have opted to remain exclusive to Yahoo supply [96][97]. Future Outlook - **Focus on Incremental Demand**: Plans to bring in new forms of demand and verticalize the sales team to better serve specific industries [48][49]. - **CTV Opportunities**: Exploring potential in Connected TV (CTV) advertising, particularly in connecting video ads to performance outcomes [36][37]. Key Takeaways - Taboola is positioning itself as a leader in performance advertising by leveraging unique data and AI technology to meet the evolving needs of advertisers. - The company is focused on expanding its market reach, improving profitability through technology, and maintaining a strong financial position through strategic capital allocation.