Core Viewpoint - Fast Track Group is optimistic about its future business outlook and strategy despite facing misleading allegations since its IPO in May 2025, emphasizing that the fundamentals of the business remain strong [1] Upcoming Opportunities - The company has focused on brand activation initiatives in Southeast Asia, aligning high-profile celebrities with various brands to enhance visibility and drive consumer engagement [2] - A notable brand activation deal valued at approximately $1.3 million was secured in the second half of 2024, which has already exceeded the total revenue for the fiscal year ended February 28, 2025, highlighting the potential for accelerated growth [3] - Another recent deal involved an electric vehicle brand aimed at generating publicity for a product launch, showcasing the company's ability to create tailored marketing solutions [4][5] Current Market Shift in the Live Entertainment Sector - The live entertainment sector is experiencing challenges, particularly in concert organization, which has low profitability and high operational risks [6] - The company is shifting its focus from concert organization to concert tour management, which is more scalable and less risky, allowing for diversified revenue streams [7][9] Future Growth Strategy - Building strategic partnerships within the entertainment and media industry is a central focus for accelerating growth in celebrity-driven initiatives [11] - The company is exploring opportunities to consolidate intellectual property and music licensing rights to secure exclusive celebrity rights, enhancing its service offerings [13][14] - The company remains committed to adapting its business model to market trends while maintaining flexibility and resilience [10] Closing Remarks - The company is confident in its growth pipeline and the potential of brand activation projects to drive future growth, expressing gratitude to shareholders for their support [15][16]

Financial Data and Key Metrics Changes - Total revenue for Q2 2025 was $105.5 million, up from $86 million in the prior year quarter, reflecting strong year-over-year growth [18] - Adjusted EBITDA increased by 59.5% to $24.4 million compared to $15.3 million in the prior year, resulting in an adjusted EBITDA margin of approximately 23.1% [19][20] - Reported organic revenue was up 0.4% year-over-year, but on a pro forma basis, organic growth would have been approximately 5% [18][19] Business Line Data and Key Metrics Changes - The connections business drove growth, while event mix and softness in content impacted overall performance [18][19] - Acquisitions contributed significantly, adding $24 million in revenue for the quarter, with expectations for continued contributions in the second half of the year [44] Market Data and Key Metrics Changes - International exhibitors accounted for approximately 10% of total revenue, with 99% of the full year international revenue target already secured [11][12] - Encouraging activity was noted in markets like Italy, Germany, and Brazil, helping to offset softness in China and Canada [12] Company Strategy and Development Direction - The company is focused on customer centricity, year-round engagement, and portfolio optimization, with targeted acquisitions in high-growth verticals [14] - Recent acquisitions, such as This Is Beyond and InsurTech Insights, are advancing strategic priorities and contributing to growth [15][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of live events, emphasizing their importance in driving measurable impact and trust [13] - The company reaffirmed its full-year guidance of $450 million to $460 million in revenue and $120 million to $125 million in adjusted EBITDA [25][26] Other Important Information - The company repurchased approximately 1.6 million shares for $6.9 million under its buyback program, demonstrating management's conviction in long-term value [23][24] - A quarterly dividend of $0.15 per share was declared, reflecting a commitment to shareholder returns [25] Q&A Session Summary Question: Will the third quarter see a decline in organic growth year-over-year? - Management confirmed that the third quarter is expected to show negative organic growth due to event mix and construction impacts at the Las Vegas Convention Center [30] Question: What is the expected contribution from recent acquisitions for the remainder of the year? - Management indicated that both This Is Beyond and InsurTech Insights have events scheduled in the second half of the year, contributing to revenue [34] Question: How significant is the macroeconomic impact on the business? - Management characterized the macroeconomic impact as small overall, with some headwinds in specific regions but positive performance in others [36][37] Question: Can you provide details on the GRC World acquisition? - Management confirmed that GRC World is a smaller acquisition focused on global risk and compliance, included for pro forma comparisons [42][43] Question: What is the current booking status for 2025 and 2026? - Management stated that 90% of revenue for 2025 is booked, with positive rebooking rates for 2026, indicating strong customer confidence [46]

Financial Data and Key Metrics Changes - Total revenue for Q2 2025 was $105.5 million, up from $86 million in the prior year quarter, reflecting strong year-over-year growth [17] - Adjusted EBITDA increased by 59.5% to $24.4 million compared to $15.3 million in the prior year, resulting in an adjusted EBITDA margin of approximately 23.1% [18][19] - Reported organic revenue growth was 0.4% year-over-year, but on a pro forma basis, organic growth would have been approximately 5% [17][18] Business Line Data and Key Metrics Changes - The connections business drove growth, while event mix and softness in content impacted overall performance [17] - The company experienced three events in Q2 2025 that were held in different quarters in 2024, affecting organic revenue reporting [17] Market Data and Key Metrics Changes - International exhibitors accounted for approximately 10% of total revenue, with 99% of the full year international revenue target already secured [11] - Encouraging activity was noted in markets like Italy, Germany, and Brazil, helping to offset softness in China and Canada [12] Company Strategy and Development Direction - The company is focused on customer centricity, year-round engagement, and portfolio optimization, with targeted acquisitions in high-growth verticals [14] - Recent acquisitions, including This Is Beyond and InsurTech Insights, are contributing to growth and aligning with strategic priorities [15] Management's Comments on Operating Environment and Future Outlook - Management remains confident in the resilience of live events, emphasizing their importance in driving measurable impact and trust [13] - The company is navigating macroeconomic pressures with operational discipline and strategic focus, expecting a return to normal patterns post-construction at the Las Vegas Convention Center [30][24] Other Important Information - The company repurchased approximately 1.6 million shares for $6.9 million, demonstrating management's conviction in long-term value [22] - A quarterly dividend of $0.15 per share was declared, reflecting a commitment to shareholder returns [23] Q&A Session Summary Question: Will the third quarter see organic growth below the second quarter? - Management confirmed that the third quarter is expected to show negative organic growth due to event mix and construction impacts [28] Question: Will the Las Vegas construction be a factor next year? - Management confirmed that the construction is expected to be completed by the end of this year, returning to a normal pattern in 2026 [30] Question: What is the expected contribution from recent acquisitions for the rest of the year? - Both This Is Beyond and InsurTech Insights have events scheduled in the second half of the year, contributing to revenue [31] Question: How significant is the macroeconomic headwind currently? - Management characterized the macroeconomic impact as small overall, with some positive activity in certain countries offsetting weaknesses in others [33][34] Question: What is the status of free cash flow adjustments related to acquisitions? - Adjusted free cash flow would have been $17 million higher if accounting for acquisition-related timing effects [20][49] Question: How is the company leveraging AI for internal initiatives? - The company is using AI to enhance productivity and streamline workflows across various departments, with early pilots yielding measurable efficiency gains [52]

Core Viewpoint - Dreamland Limited successfully closed its initial public offering, raising a total of US$5,360,000 through the sale of 2,000,000 Class A ordinary shares at a price of US$4.00 per share, with shares beginning to trade on the Nasdaq Capital Market under the ticker symbol "TDIC" [1][2]. Group 1: Offering Details - The Offering consisted of 2,000,000 Class A ordinary shares, with 1,340,000 shares offered by the Company and 660,000 shares by an existing shareholder [1]. - The Company did not receive proceeds from the shares sold by the Selling Shareholder or the Resale Shareholders [1]. - The Offering was conducted on a firm commitment basis, with Bancroft Capital, LLC serving as the sole managing underwriter [3]. Group 2: Use of Proceeds - Net proceeds from the Offering will be allocated for acquiring multi-territorial IP licenses, establishing a ticketing platform, potential strategic acquisitions, and expanding the marketing and finance departments [2]. - Additional uses include upgrading the enterprise resource planning system, repaying loans made by a director related to the Offering, and general working capital [2]. Group 3: Company Overview - Dreamland Limited is an event management service provider based in Hong Kong, specializing in organizing and managing themed events for intellectual property owners of animated and live-action characters [6]. - The Company's mission is to effectively connect clients with their target audiences both locally and in international markets [6].

Core Viewpoint - Dreamland Limited, a Hong Kong-based event management service provider, is pricing its initial public offering (IPO) of 2,000,000 Class A ordinary shares at US$4.00 per share, aiming to raise gross proceeds of US$8,000,000 before expenses [1][2] Group 1: Offering Details - The IPO consists of 1,340,000 shares offered by the Company and 660,000 shares by an existing shareholder, with additional resale of 5,416,740 shares by other shareholders [1] - The shares have been approved for listing on the Nasdaq Capital Market under the ticker symbol "TDIC," with trading expected to commence on July 23, 2025 [1] - The Offering is expected to close on or about July 24, 2025, subject to customary closing conditions [1] Group 2: Use of Proceeds - Net proceeds from the Offering will be allocated for acquiring multi-territorial IP licenses, establishing a ticketing platform, potential strategic acquisitions, and expanding marketing and administration departments [2] - Additional uses include upgrading the enterprise resource planning system, repaying loans made by a director related to the Offering, and general working capital [2] Group 3: Company Overview - Dreamland Limited specializes in organizing, planning, promoting, and managing themed touring walk-through experience events for intellectual property owners of animated characters and live-action films [6]

Financial Performance - Emerald Holding's Q1 2025 revenue reached $147.7 million, demonstrating a 10.7% year-over-year growth[10, 27] - Adjusted EBITDA for Q1 2025 was $53.6 million, a 34.7% increase compared to the previous year[10, 27] - The company reaffirmed its full-year 2025 revenue guidance, expecting between $450 million and $460 million[10, 35, 36] - Emerald also reaffirmed its full-year 2025 Adjusted EBITDA guidance, projecting between $120 million and $125 million[10, 35, 36] - Free cash flow for Q1 2025 was $10.8 million[27, 41] Capital Allocation - Emerald repurchased $8.8 million of its common stock in Q1 2025, at an average price of $4.33 per share[10, 27] - The Board of Directors authorized an additional $25 million for share repurchases through December 31, 2025[10] - A quarterly dividend of $0.015 per share was declared for the quarter ending June 30, 2025[10] Strategic Initiatives - Emerald received regulatory approval for the acquisition of This is Beyond, a luxury travel event business, expected to close soon[10] - Connections segment accounted for approximately 90% of FY 2024 revenue[11]