Financial Data and Key Metrics Changes - The company reported Q2 2025 consolidated revenue of $44.7 million, reflecting a 19% decline compared to Q1 2025 [6] - Media margin for Q2 was $11.9 million, a decrease of 13% from Q1 2025 [6] - Adjusted EBITDA was negative $2.8 million, showing a 300k improvement from Q1 2025 [6][19] Business Line Data and Key Metrics Changes - Commerce Media Solutions revenue grew 121% year-over-year to $16.1 million, now representing 36% of total consolidated revenue, up from 12% in Q2 2024 [15][11] - Owned and operated revenue decreased approximately 49% in the quarter, primarily due to strategic shifts [17] - Commerce Media margin was $3.2 million or 20% of Commerce Media Solutions revenue, down from 30.4% in Q2 2024 [17] Market Data and Key Metrics Changes - The company anticipates that Commerce Media Solutions will become the majority of revenue by 2026 [7] - The commerce media market is projected to grow over $100 billion in the next five years, expected to account for 25% of all digital media spend by 2026 [11] Company Strategy and Development Direction - The company is shifting its focus towards Commerce Media Solutions, which is seen as a transformational pivot and a competitive advantage in a growing market [9][10] - The strategic pivot is supported by a recent equity financing of over $10 million to bolster the balance sheet and fuel growth [10][20] - The company aims to achieve positive adjusted EBITDA by Q4 2025 and for the full year 2026 [14][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth trajectory of Commerce Media Solutions, expecting continued triple-digit growth [14] - The company is optimistic about the partnerships being established, which are expected to drive long-term dividends [12] - Management acknowledged the challenges faced in the owned and operated segment due to regulatory headwinds and pricing volatility [7][25] Other Important Information - The company ended Q2 2025 with $4.9 million in cash and cash equivalents, alongside $2.4 million in restricted cash [19] - Total net long-term debt was $19.9 million as of June 30, 2025, down from $31.9 million at the end of 2024 [20] Q&A Session Summary Question: What drove the declines in the owned and operated segment? - Management attributed the decline to the FTC settlement, which restricted media buying capabilities and increased pricing volatility on biddable platforms [23][25] Question: How is the partnership with Revise progressing? - The partnership is still in early stages but is showing good momentum with onboarding merchant partners [26][28] Question: What are the dynamics affecting margin pressures in Commerce Media? - Management indicated that margin pressures are due to early-stage solutions, competitive pricing strategies, and lower margins in new partnerships [32][34] Question: Can you discuss new placements beyond post transactions? - The company is exploring loyalty plays and post-event monetization opportunities, which are still in early development [41][42] Question: How does first-party data differentiate the company from competitors? - First-party data allows for better consumer targeting and monetization, driving better results for partners and enhancing revenue sharing [47][51]

Core Insights - North Media reported Q2 2025 revenue of DKK 342 million, slightly down from DKK 343 million in Q2 2024, with a stable trend in Last Mile services and a 2% increase in Digital Services driven by BoligPortal [1] - The company has revised its full-year revenue guidance for 2025 to DKK 1,270–1,315 million, down from the previous range of DKK 1,280–1,337 million, while EBITDA and EBIT guidance has been upgraded [2][5] - The improvement in EBITDA and EBIT is primarily due to enhanced operations at SDR, leading to more stable planning and lower unit costs, with Bekey also contributing positively [3] Financial Performance - Q2 2025 EBITDA was DKK 48 million, down from DKK 61 million in Q2 2024, and EBIT was DKK 32 million compared to DKK 44 million in the previous year [1] - The revised guidance for 2025 includes EBITDA expectations of DKK 105–130 million, up from DKK 80–115 million, and EBIT expectations of DKK 50–75 million, up from DKK 25–60 million [2][5] Business Segments - North Media operates in two main business areas: Last Mile, which includes FK Distribution and SDR Svensk Direktreklam, and Digital Services, which encompasses BoligPortal, Dayli (MineTilbud), and Bekey [7] - The Last Mile segment is experiencing a slight loss in volumes, while growth in Digital Services, particularly BoligPortal and Dayli, has been lower than expected [4]

Summary of IAC FY Conference Call - August 13, 2025 Company Overview - **Company**: IAC (InterActiveCorp) - **Key Businesses**: - People Inc (formerly Dotdash Meredith) - Care.com - Vivien Health (healthcare staffing) - The Daily Beast - Search business - **Financial Position**: $900 million in cash at the parent level with no debt at the parent level, although there is debt at People Inc which was refinanced attractively in June [10][11][12] Rebranding and Digital Transition - **Rebranding**: Transition from Dotdash Meredith to People Inc aimed at simplifying the brand for better recognition and marketability [5][6][13][15] - **Digital Focus**: The company is transitioning from print to digital, with a significant reduction in print publications from 12-13 to 7 over three years. The print business is maintained for branding and cash flow purposes [18][19][20] - **Digital Revenue**: 64% of the company's digital revenue comes from owned and operated (O&O) websites, with a focus on diversifying traffic sources beyond Google [25][28] Growth and Future Opportunities - **Long-term Goals**: Targeting 10% digital growth, with potential upside through new brands and leveraging consumer data [31][33] - **Decipher Tool**: An ad targeting tool that utilizes first-party data to enhance advertising effectiveness, potentially increasing the total addressable market (TAM) for ad sales [33][82] - **Care.com Growth**: Aiming for 10-20% growth in the consumer segment by improving product offerings and marketing strategies [94][97] Advertising Market Insights - **Market Conditions**: The advertising market is described as "good, not great," with sector-specific performance. Health and pharma are solid, while CPG and food and beverage sectors are facing challenges [68][71] - **Programmatic Advertising**: Programmatic revenue accounts for about 25-30% of total digital revenue, with recent improvements noted in pricing and demand [75][77] Strategic Partnerships and Licensing - **LLM Licensing**: The company is exploring licensing deals with LLM (Large Language Model) providers, emphasizing the need for high-quality content and potential economic arrangements [39][41] - **Cloudflare Partnership**: A partnership aimed at blocking LLM crawlers, except for OpenAI, has led to increased discussions with other LLM providers about accessing content [40] Financial Management and Shareholder Value - **Share Repurchases**: The company has been cautious with share buybacks, having repurchased $200 million worth of stock earlier in the year, while also considering M&A opportunities [58][59] - **Corporate Overhead**: Targeting a reduction in corporate overhead expenses, aiming for a run rate of $80-90 million by year-end [63][65] Key Business Segments - **Vivien Health**: Positioned as a strategic asset in healthcare staffing with a marketplace model connecting nurses and healthcare systems, currently generating mid-eight figures in revenue [99][100] - **Care.com**: Focused on stabilizing and growing the consumer segment after a decline in subscribers, with a new CEO implementing product improvements [96][97] Conclusion - The company is optimistic about its future growth prospects, leveraging its strong brand portfolio and digital capabilities to navigate the evolving media landscape [36][56]

New York, New York--(Newsfile Corp. - August 12, 2025) - MiMedia Holdings Inc. (TSXV: MIM) (OTCQB: MIMDF) (FSE: KH3) ("MiMedia" or the "Company") announced today that it has extended its agreement with 1502656 B.C. Ltd. ("1502656"), a consulting firm based in Surrey, BC, to provide investor relations services for an additional 12 month term in accordance with TSX Venture Exchange (the "Exchange") policies. Pursuant to the investor relations agreement (the "IR Agreement") entered into between the Company and ...

格隆汇8月12日丨掌阅科技(603533.SH)在投资者互动平台表示，目前，公司短剧业务已经成为公司第一 大业务，公司已经从"互联网时代的数字阅读平台"战略升级为"人工智能时代的多模态内容生产运营平 台"。短剧业务目前呈现形态主要是小程序短剧，自有平台速看短剧等APP正在推广。 ...

Market Overview - The Nasdaq Composite reached a record high on August 7, with 17 all-time closing highs in 2025, despite new tariffs on imports [1] - The Invesco QQQ ETF, which tracks the Nasdaq, also saw significant gains [1] Top Performing Stocks - Aveanna Healthcare Holdings (AVAH) surged by 49.4% on August 7, leading the QQQ ETF portfolio [2] - Other notable performers included Sunrun Inc. (RUN) with a 32.3% increase, Advantage Solutions (ADV) at 22.4%, Ziff Davis (ZD) at 21.6%, and Groupon (GRPN) at 20.3% [2] Factors Driving Nasdaq Surge - Strong corporate earnings reports contributed to positive investor sentiment, despite tariff concerns [3] - The tech sector showed resilience, benefiting from tariff exemptions for U.S.-based semiconductor manufacturers, which included major companies like Apple (AAPL) and Taiwan Semiconductor Manufacturing (TSM) [4] AI and Tech Investment - The generative AI trend is driving growth in the tech sector, with increased demand for data centers, GPUs, and AI-focused software [5] - Major tech firms are ramping up capital expenditures in 2025, which supports job growth and stabilizes markets [6] Economic Indicators - Recent economic data suggest a higher likelihood of the Federal Reserve cutting interest rates in September, which would benefit stocks sensitive to borrowing costs and potentially boost consumer spending [7] QQQ ETF Details - The QQQ ETF provides exposure to the 101 largest non-financial companies on the Nasdaq, with 60.8% of assets in information technology and 19.4% in consumer discretionary [8] - The ETF has an AUM of $335.5 billion and an average daily volume exceeding 43 million shares, with an annual fee of 20 basis points [8] Company Profiles - Aveanna Healthcare focuses on home care for medically complex patients, with an estimated earnings growth rate of 266.67% for the year and a Zacks Rank of 1 [10] - Sunrun, which develops residential solar energy systems, is expected to see a decline in earnings of 130.83% this year, holding a Zacks Rank of 3 [11] - Advantage Solutions, a provider of business solutions for consumer goods, has an estimated earnings growth rate of 178.57% and a Zacks Rank of 3 [12] - Ziff Davis, a digital media company, has an expected earnings growth rate of 5.44% and a Zacks Rank of 3 [12] - Groupon connects consumers to merchants, with an estimated earnings growth rate of 120% and a Zacks Rank of 1 [13]

The latest quarter saw significant revenue growth, mainly as a result of double-digit increases in high-margin lines. Programmatic advertising, where ads are sold using algorithmic technology, rose 11% year over year to $17.4 million. This type of ad sales is considered more scalable and predictable. In contrast, direct-sold advertising, which involves deals negotiated with advertisers, dropped 31%. Management attributes this decline to a deliberate shift away from this more volatile revenue source, reflect ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2025 was $46.4 million, a 13% increase from $41.1 million in Q2 2024, driven by a fourfold increase in studio revenue and a 23% increase in organic affiliate commerce [16][20] - Advertising revenue totaled $22.6 million, down 3% year over year, with programmatic advertising growing by 11% to $17.4 million [16][18] - Net loss from continuing operations worsened to $10.6 million compared to a loss of $5.4 million in Q2 2024, primarily due to a non-recurring charge [18][20] - Adjusted EBITDA improved to $2 million from $800,000 in Q2 2024, including a one-time reversal that positively impacted results [18][20] Business Line Data and Key Metrics Changes - Gross sales of non-Amazon merchants grew 38% year over year, with BuzzFeed brand alone seeing a 55% increase [10] - Passive revenue rose 40% year over year, with animation up 24%, Celeb growing 47%, and Coco Brutters seeing a 373% increase [12] - Content revenue increased 53% to $10.7 million, driven by a nearly fourfold increase in studio revenue [17] Market Data and Key Metrics Changes - BuzzFeed held the top spot in digital media with 69.9 million hours of U.S. time spent in Q2, a 3% growth quarter over quarter [8][19] - Direct visits, internal referrals, and app usage now account for 61% of BuzzFeed's traffic, surpassing Facebook [7] Company Strategy and Development Direction - The company is focused on transforming its business model to reduce dependence on platforms like Google and Meta, prioritizing direct audience engagement [5][6] - BuzzFeed is developing its own platform, BF Island, to create an AI-native social media experience, aiming to provide a refuge from algorithm-driven feeds [13][14] - The strategy includes diversifying revenue streams and focusing on high-margin, scalable business lines [15][20] Management's Comments on Operating Environment and Future Outlook - Management noted the challenges of building a digital media business on external platforms and emphasized the importance of direct audience relationships [5][25] - The outlook for 2025 includes reaffirming revenue guidance of $195 million to $210 million and adjusted EBITDA between $10 million and $20 million, with expectations for continued growth in programmatic advertising and affiliate commerce [21][20] Other Important Information - The company has made adjustments to its organizational structure to reflect a more tech-powered and efficient business model, including cost reductions [12][15] - The first half of 2025 has shown meaningful progress across core KPIs, with a seasonal expectation for revenue growth in Q4 [21] Q&A Session Summary Question: How is the company diversifying away from traditional referral sources like Facebook and Google? - The company has shifted to having over 60% of traffic from direct sources, focusing on homepage traffic and internal referrals [23][24] Question: What is the company's view on the future of platforms and platform dependency? - The company acknowledges the impressive nature of platforms like TikTok but emphasizes the growing demand for content that is not addictive and provides real value [26][27] Question: Which platforms show the most promise as publishers become less dependent on traditional platforms? - New entrants like Apple News are important, and the company sees strong potential in direct traffic and differentiated IP that can be monetized effectively [29][30]

Financial Data and Key Metrics Changes - Q2 2025 revenues were $352.2 million, reflecting growth of nearly 10% compared to $320.8 million in the prior year period [23] - Adjusted EBITDA for Q2 2025 was $107.7 million, up nearly 12% from $96.3 million in the prior year [23] - Adjusted diluted EPS increased to $1.24 from $1.18 in 2024, reflecting growth of more than 5% [23] - Adjusted EBITDA margin for the quarter was 30.6% [23] - Free cash flow for Q2 2025 was $26.9 million, 7.5% higher than the prior year period [32] Business Line Data and Key Metrics Changes - Four of the five reportable segments grew in revenues in Q2 2025, with the Digital Media segment growing nearly 13% [8] - Tech and Shopping's revenues grew over 11%, with adjusted EBITDA growth of over 5% [9] - Gaming and Entertainment revenues grew nearly 8%, with adjusted EBITDA growth of almost 24% [10] - Health and Wellness revenues increased nearly 16%, with adjusted EBITDA up 11% [11] - Connectivity revenues were up over 14%, with adjusted EBITDA growth of over 12% [13] - Cybersecurity and Martech segment's revenue declined less than 1% but posted over 5% adjusted EBITDA growth [15] Market Data and Key Metrics Changes - Advertising and performance marketing revenues grew 15.5% year over year, while subscription and licensing revenues grew by 5% [25] - Other revenues declined by $2.2 million year over year, primarily due to a decline in the contribution from the Hungable Games publishing business [26] Company Strategy and Development Direction - The company is committed to repurchasing shares and has completed five tuck-in acquisitions in the first half of the year [7] - The focus remains on identifying and integrating durable high-quality assets while maintaining a disciplined approach to capital allocation [20] - The company aims for double-digit total revenue growth, with expectations of mid-30s adjusted EBITDA margins in the long term [51] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the Cybersecurity and Martech segment returning to growth in Q3 [8] - The company anticipates at least mid-single-digit revenue growth for both Q3 and Q4 2025, with Q4 potentially being stronger than Q3 [31] - Health and Wellness and Connectivity businesses are expected to be the largest contributors to second-half growth [31] Other Important Information - The company has a healthy balance sheet with $457 million in cash and cash equivalents and $140 million in long-term investments [27] - The company has repurchased nearly 1.4 million shares since the beginning of Q2 2025, totaling over $170 million since June 30, 2024 [29] Q&A Session Summary Question: What are you hoping to communicate to the market regarding intrinsic value versus current public market valuation? - Management hopes investors will assess each of the five segments, noting that four segments collectively grew 13% and that there are differing levels of growth and margin profiles [36][38] Question: Can you update us on trends in the ad market? - The ad business grew a little over 15%, with health and wellness being very strong and gaming up mid-teens [44][50] Question: Can you unpack the incremental EBITDA margin and any factors affecting it? - Management indicated that there are no specific changes in cost structure affecting margins, and advised looking at performance over multiple quarters for a clearer picture [55][60] Question: What are the trends in health and wellness advertising participation? - The increase in advertiser participation is attributed to expanding beyond pharma to include more health and wellness brands [80][82]

Financial Performance - Ziff Davis' Q2 2025 revenues increased by 9.8% to $352.2 million, compared to $320.8 million in Q2 2024 [15] - Adjusted EBITDA for Q2 2025 was $107.7 million, an 11.8% increase from $96.3 million in Q2 2024 [15] - Adjusted diluted EPS increased by 5.1% from $1.18 in Q2 2024 to $1.24 in Q2 2025 [15] Revenue Breakdown - Advertising and Performance Marketing revenue increased by 15.5%, from $170 million in Q2 2024 to $197 million in Q2 2025 [20] - Subscription and Licensing revenue increased by 5.0%, from $142 million in Q2 2024 to $149 million in Q2 2025 [20] Segment Performance - Technology & Shopping segment revenue increased by 11.3%, from $72.5 million in Q2 2024 to $80.8 million in Q2 2025 [26] - Gaming & Entertainment segment revenue increased by 7.5%, from $43.0 million in Q2 2024 to $46.2 million in Q2 2025 [32] - Health & Wellness segment revenue increased by 15.7%, from $86.0 million in Q2 2024 to $99.5 million in Q2 2025 [39] - Connectivity segment revenue increased by 14.2%, from $50.3 million in Q2 2024 to $57.4 million in Q2 2025 [45] - Cybersecurity & Martech segment revenue decreased by 0.9%, from $69.0 million in Q2 2024 to $68.3 million in Q2 2025 [52] Financial Guidance - Ziff Davis reaffirmed its FY 2025 revenue guidance with a midpoint of $1.472 billion, representing a 5.0% year-over-year increase [63] - Adjusted EBITDA guidance midpoint is $523 million, a 6.0% increase year-over-year [63] - Adjusted diluted EPS guidance midpoint is $6.96, a 5.1% increase year-over-year [63]