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SEGG Media Shares Additional Details on Strategic Investment into Veloce Media Group
Globenewswire· 2025-07-17 13:30
Core Insights - SEGG Media Corporation is expanding its portfolio through a significant investment in Veloce Media Group and the acquisition of Quadrant, marking a pivotal moment in its growth strategy [1][4] Investment Details - SEGG Media has entered a Subscription Agreement for $7.59 million, which will result in a 12.4% ownership stake in Veloce Media [4] - The initial tranche of the investment funded the acquisition of Quadrant, with a Call Option Agreement allowing SEGG Media to increase its stake to 51% in Veloce [4] Quadrant Acquisition - Veloce Media Group acquired majority control of Quadrant, a motorsport and apparel brand co-founded by Formula 1 driver Lando Norris, enhancing its digital presence [2] - Lando Norris retains over 20% equity in Quadrant and has reinvested in Veloce, indicating strong confidence in the venture [2] Shareholder Composition - Quadrant's cap table includes notable shareholders such as McLaren Racing CEO Zak Brown and other prominent investors like Animoca Brands and Adrian Newey [3] Leadership Perspectives - SEGG Media's leadership emphasizes the strategic alignment of talent and digital scale to create a dominant motorsport-media platform [5] - Veloce's leadership highlights the validation of their digital-first approach through the acquisition and SEGG Media's investment [5] Market Position and Performance - Veloce reported $17.5 million in revenue and $1.14 million in EBITDA for the fiscal year ending June 2024, indicating strong financial performance [11] - The company has a substantial digital reach with 55 million subscribers and 750 million monthly views, enhancing its commercial leverage [11]
Lucid Group(LCID.O)盘前大涨超40%,Uber(UBER.N)将投资3亿美元于该公司,作为其Robotaxi合作伙伴关系的一部分。
news flash· 2025-07-17 12:44
Lucid Group(LCID.O)盘前大涨超40%,Uber(UBER.N)将投资3亿美元于该公司,作为其Robotaxi合作伙 伴关系的一部分。 ...
X @The Wall Street Journal
The Wall Street Journal· 2025-07-17 11:49
China’s government is threatening to block a deal that would transfer ownership of dozens of seaports to Western investors if Cosco doesn’t get a stake https://t.co/VD83gJx5VT ...
X @Bloomberg
Bloomberg· 2025-07-17 11:10
The transportation industry will have its first relatively normal peak season since before the pandemic despite Trump's tariffs, @tomwblack says (via @opinion) https://t.co/cWUOlkc6Lh ...
X @The Wall Street Journal
The Wall Street Journal· 2025-07-17 06:58
In the standings, the Atlanta Braves have been one of the most disappointing teams in baseball this season.But off the field, their Battery Atlanta home has turned them into an economic juggernaut—and the envy of the rest of baseball.⚾️ https://t.co/OrunddmyLz https://t.co/OSM96upEOY ...
Kinder Morgan Reports Better-Than-Expected Q2 Results: Details
Benzinga· 2025-07-16 20:27
Kinder Morgan, Inc. KMI released its second-quarter results after Wednesday's closing bell. Here's a look at the key figures from the quarter. The Details: Kinder Morgan reported quarterly earnings of 28 cents per share, which beat the analyst consensus estimate of 27 cents, according to Benzinga Pro.Quarterly revenue came in at $4.04 billion, which beat the analyst consensus estimate of $3.74 billion and is an over revenue of $3.572 billion from the same period last year.Read Next: Rare Earth Royalty: Meet ...
J.B. Hunt Fundamentals Still Stuck In The Mud: Analyst
Benzinga· 2025-07-16 19:00
J.B. Hunt Transport Services JBHT is experiencing a modest share price increase on Wednesday as the market digests its latest earnings report.Total operating revenue for the current quarter was $2.93 billion, flat with the second quarter of 2024. Operating income for the current quarter decreased 4% to $197.3 million versus $205.7 million for the second quarter of 2024.Following the results, analysts offered their key reactions. Benchmark analyst Christopher Kuhn reiterated a Buy rating on the stock, mainta ...
J.B. Hunt Q2 Earnings & Revenues Lag Estimates, Decrease Y/Y
ZACKS· 2025-07-16 18:10
Core Insights - J.B. Hunt Transport Services, Inc. (JBHT) reported second-quarter 2025 earnings of $1.31 per share, missing the Zacks Consensus Estimate of $1.34 and reflecting a 0.8% year-over-year decline [1] - Total operating revenues reached $2.93 billion, slightly below the Zacks Consensus Estimate of $2.94 billion, remaining flat year over year [2] Financial Performance - Operating income decreased by 4% year over year to $197.3 million, attributed to rising casualty and group medical claims expenses, higher professional driver wages, and increased equipment-related costs [3] - Total operating revenues, excluding fuel surcharge revenue, increased by 1% year over year [2] Segment Performance - Intermodal division generated revenues of $1.44 billion, a 2% year-over-year increase, driven by a 6% increase in volume, although gross revenue per load decreased by 3% [4][5] - Dedicated Contract Services segment revenues remained flat at $847 million year over year, with a 3% decline in average trucks offset by a 3% increase in productivity [7] - Integrated Capacity Solutions revenues fell by 4% year over year to $260 million, with segment volume decreasing by 9% [9] - Truckload revenues grew by 5% year over year to $177 million, with an 8% increase in revenues excluding fuel surcharge [11] - Final Mile Services revenues declined by 10% year over year to $211 million, with operating income falling by 60% due to lower revenues and increased expenses [14] Liquidity and Share Buybacks - At the end of Q2 2025, JBHT had cash and cash equivalents of $50.9 million, up from $43 million in the previous quarter, while long-term debt increased to $1.01 billion from $880.2 million [15] - The company repurchased nearly 2.4 million shares for $319 million during the quarter, with approximately $335 million remaining under its share repurchase authorization [15]
GameSquare Holdings (GAME) Update / Briefing Transcript
2025-07-16 17:00
Summary of GameSquare's Conference Call Company Overview - GameSquare is a digital media, entertainment, and technology company founded in August 2020, achieving over $100 million in pro forma annual revenue within four years [3][4] - The company serves top video game publishers and collaborates with global brands like McDonald's, Nike, and Porsche [4] Ethereum Treasury Strategy - GameSquare has launched a $100 million Ethereum-focused treasury management strategy aimed at generating sustainable on-chain yields through decentralized finance (DeFi) protocols [6][7] - The strategy is expected to drive over $10 million in incremental annual profitability, which will be reinvested into Ethereum asset purchases and growth initiatives [7] Strategic Partnerships - The treasury strategy is supported by partnerships with Gulf Capital and Dialectic, with Ryan Zuhr from Dialectic managing the Ethereum treasury strategy [5][27] - Dialectic has a strong track record in the DeFi ecosystem, achieving significant yields on various assets, including 14.02% on Ether [10][11] Yield Generation and Risk Management - The strategy targets on-chain yields of 8% to 14%, along with staking opportunities and potential Ethereum appreciation [6] - Dialectic employs an automated risk management system, utilizing machine learning and hyper diversification to manage risks effectively [14][22] - The company has maintained zero down months over the past three years, indicating strong performance and risk management capabilities [16][24] Market Position and Future Outlook - GameSquare aims to differentiate itself from competitors by focusing on productive use cases within the Ethereum ecosystem, such as DeFi, NFTs, and stablecoins [30][31] - The partnership with Dialectic is expected to provide GameSquare with a competitive edge in achieving real returns beyond merely holding Ether [31] Conclusion - GameSquare is optimistic about its Ethereum treasury strategy and its potential to create long-term value for shareholders while continuing to grow as a profitable media company [33]
Canadian National (CNI) is a Top Dividend Stock Right Now: Should You Buy?
ZACKS· 2025-07-16 16:45
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yiel ...