Financial Data and Key Metrics Changes - Total passenger traffic reached 15.8 million, representing a 4.1% increase compared to the same quarter of 2024 [6] - Revenues excluding IFRIC 12 grew by 30.6% year over year, reaching ARS 8.2 billion, driven by a 26.4% increase in aeronautical revenues and a 41.8% increase in non-aeronautical revenues [9][10] - EBITDA increased by 31.1%, reaching ARS 5.5 billion, with an EBITDA margin of 67.1% excluding IFRIC 12 [11] - Operating income increased by 30.4% and net income by 17.9% [12] - Cash and cash equivalents stood at ARS 9.7 billion as of June 30 [12] Business Line Data and Key Metrics Changes - Revenues from business lines operated directly by the company increased by 113%, driven by the consolidation of the cargo and bonded warehouse business [10] - Third-party operated business grew by 10.7%, with significant contributions from food and beverage, retail, duty-free, ground transportation, and timeshares [10] Market Data and Key Metrics Changes - The company added eight new routes this quarter, including seven domestic and one international, bringing the total to 21 new routes for the year [6] - Canada is becoming an increasingly relevant market, especially during the winter season, with new international routes announced [6] Company Strategy and Development Direction - The company remains cautiously optimistic about the future, focusing on controlling costs while ensuring service quality across airports [12][15] - The company is pursuing strategic expansion opportunities, including the Turks and Caicos tender process and potential acquisition of CCR Airports assets [16] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns about stricter U.S. migration and enforcement policies potentially impacting international traffic, particularly on U.S.-Mexico routes [8] - Despite macroeconomic headwinds and FX volatility, the company expects to maintain its initial annual guidance [9][15] Other Important Information - The company executed capital investments of about ARS 12.8 billion in the first half of 2025, in line with annual plans [13] - A dividend of ARS 16.84 per share was approved for payment throughout 2025, with the first tranche already distributed [15] Q&A Session Summary Question: Potential inorganic opportunities with Turks and Caicos and CCR - Management indicated that while there are opportunities in Latin America and the Caribbean, not all will yield the desired returns [20] Question: Status of the hotel in Guadalajara Airport - The hotel has achieved an average tariff of ARS 2,500 and an occupancy rate of around 80% in its first year of operation [22] Question: Tariff increases and airline negotiations - The first tariff increase was implemented in March 2025, with a second adjustment expected in early 2026 [27][30] - Airlines have been vocal about tariff changes, but management noted no significant change in their behavior [31] Question: Traffic trends and demand stabilization - Management noted a decrease in passengers on BFR routes due to migration policy changes but expects demand to stabilize as clarity improves [36] Question: CCR portfolio acquisition and leverage - Management stated that a potential acquisition of the CCR portfolio would not require capital injection, as the balance sheet remains healthy [44] Question: Impact of U.S. Department of Transportation claims - Management sees potential impacts on the BFR market but believes the diversified airport portfolio can mitigate risks [82]

Grupo Aeroportuario del Sureste (ASR) Q2 2025 Earnings Call July 23, 2025 10:00 AM ET Company ParticipantsAdolfo Castro Rivas - CEOJens Spiess - Vice PresidentSteve Trent - Managing DirectorFernanda Recchia - Equity Research DirectorAlejandro Velez - Head - Monaco, Spain, Portugal, FIM EuropeErnst Anton Mortenkotter - Equity Research - Real AssetsConference Call ParticipantsGuilherme Mendes - ED - Equity Research AnalystPablo Monsivais - Equity Research AnalystPablo Ricalde - Research AnalystAndres Aguirre ...

Financial Data and Key Metrics Changes - Total revenues increased by 5% year on year to 7,400,000,000 pesos, reflecting growth across operations, particularly in Puerto Rico and Colombia [7][8] - Consolidated EBITDA rose slightly by 2% year on year, reaching 5,000,000 pesos, with Puerto Rico and Colombia posting double-digit growth [12] - The adjusted EBITDA margin, excluding construction revenue, stood at nearly 68%, down from 69% in the same quarter last year [12] Business Line Data and Key Metrics Changes - Mexico, accounting for 72% of total revenues, posted a low single-digit increase of 0.7% in revenues, with growth in both aeronautical and non-aeronautical revenues [8] - Puerto Rico contributed 17.7% of total revenues with high teens growth, while Colombia, accounting for 12% of total revenues, posted 15.4% growth [8][9] - Commercial revenue per passenger reached nearly 140 pesos, representing mid-single-digit year-on-year growth, with Colombia leading at a 22% increase [10] Market Data and Key Metrics Changes - Passenger traffic remained largely flat year on year at 17,700,000, with Puerto Rico showing 3% growth, while Mexico reported a decline of nearly 2% [4][5] - International travel in Mexico saw declines from all regions, with Europe down 4.7%, the US down 5.3%, and South America down 2.7% [5] - A significant portion of the decline in international traffic, approximately 38%, is attributed to the new airport in Tulum [5] Company Strategy and Development Direction - The company continues to invest in infrastructure and expand commercial offerings, having opened 47 new commercial spaces over the last twelve months [9] - The strategy includes modernization and expansion projects at Mexican airports, with ongoing work at Lincoln Airport and taxiway hotels in Puerto Rico [15] - The company remains focused on long-term growth potential despite current market uncertainties [6][16] Management's Comments on Operating Environment and Future Outlook - Management expects traffic in Mexico to gradually stabilize over the next year as operational issues related to aircraft are resolved [6] - The company does not anticipate a material impact from potential US Department of Transportation restrictions on Mexican carriers [6] - Management expressed confidence that travel-related disruptions are typically temporary and that the company is well-positioned to mitigate risks [16] Other Important Information - The company closed the quarter with nearly 20,000,000,000 pesos in cash and cash equivalents, up 30% year on year [13] - A foreign exchange loss of 1,200,000,000 pesos negatively impacted the bottom line, contrasting with a gain of 942,000,000 pesos in the same quarter last year [13] Q&A Session Summary Question: What drove the sequential decline in non-air revenues? - Management indicated that exchange rates played a significant role, along with a slight difference in passenger mix and issues at Terminal 2 [20][22] Question: What impact could lifted capacity restrictions in Mexico City have? - Management noted that an increase in operations at Mexico City Airport could benefit overall passenger traffic, but expressed doubts about significant changes occurring soon [21][24] Question: What is the current traffic situation at Tulum Airport? - Most traffic at Tulum is still primarily commercial flights from the US, with some domestic traffic [27][30] Question: What is the outlook for traffic growth in the second half of the year? - Management expects some normalization in traffic, with potential single-digit growth anticipated compared to the second half of 2024 [34][36] Question: What is the rationale behind the new debt? - The new debt is related to tax expenses at Cancun Airport, ensuring sufficient cash for future dividend payments [60][61] Question: What are the dynamics of international traffic in Puerto Rico and Colombia? - Growth in Puerto Rico is driven by events and concerts, while Colombia's growth is primarily linked to travel from the US [84]

Core Viewpoint - Flutter Entertainment plc is launching an offering of senior secured notes in multiple currencies to fund strategic acquisitions and partnerships, indicating a proactive approach to growth and market positioning [1][3]. Group 1: Offering Details - Flutter is offering USD, EUR, and GBP-denominated senior secured notes due in 2031, which will be a further issuance of previously issued notes [1]. - The total amount intended to be raised through the notes and an incremental debt facility is $1,755 million [3]. Group 2: Purpose of Funds - Proceeds from the offering will be used to acquire a 5% minority interest in FanDuel and to extend a strategic partnership with Boyd Interactive Gaming Holdings, L.L.C. [3]. Group 3: Company Overview - Flutter is recognized as a leading online sports betting and iGaming operator globally, with a strong market presence in the US [4]. - The company operates a diverse portfolio of brands, including FanDuel, Sky Betting & Gaming, and PokerStars, among others [5].

Core Viewpoint - Grupo Aeroportuario del Pacífico (GAP) reported significant growth in revenues and passenger traffic for the second quarter of 2025 compared to the same period in 2024, driven by increased aeronautical and non-aeronautical services, despite a decrease in comprehensive income due to foreign currency translation losses. Financial Position - As of June 30, 2025, the company had cash and cash equivalents of Ps. 9,697.3 million, repaid Ps. 2,500.0 million in maturing bonds, and drew down a Ps. 3,375.0 million credit facility from Banamex [3]. Passenger Traffic - In 2Q25, GAP's 14 airports saw an increase of 624.7 thousand total passengers, a 4.1% rise compared to 2Q24 [4]. - New domestic routes were launched by Viva, including daily flights between Hermosillo and Tijuana, and La Paz and Santa Lucía, among others [4]. - Internationally, World2Fly launched a weekly flight from Montego Bay to Lisboa [5]. Revenue Growth - Total revenues increased by Ps. 3,623.0 million, or 49.9%, with aeronautical services revenues rising by Ps. 1,202.2 million (26.4%) and non-aeronautical services revenues increasing by Ps. 719.9 million (41.8%) [7][16]. - Revenues from improvements to concession assets surged by Ps. 1,700.8 million, or 174.4% [16][18]. Cost and Operating Expenses - Total operating costs rose by Ps. 2,555.4 million, or 68.2%, primarily due to a significant increase in costs related to improvements to concession assets [19][33]. - Employee costs increased by Ps. 134.2 million (30.8%), and maintenance costs rose by Ps. 77.1 million (54.5%) [22]. Income and Profitability - Income from operations increased by Ps. 1,067.6 million, or 30.4%, with an EBITDA increase of Ps. 1,305.2 million (31.1%) [7][24]. - Comprehensive income decreased by Ps. 658.9 million, or 22.8%, primarily due to increased foreign currency translation losses [25][26]. Comprehensive Income and Margins - The operating income margin fell from 48.4% in 2Q24 to 42.1% in 2Q25, while the EBITDA margin decreased from 57.8% to 50.6% [24][37]. - Comprehensive income per share decreased from Ps. 5.7273 to Ps. 4.4232, reflecting a 22.8% decline [12].

Sean, thanks for coming back on the program. And I see you brought two of your partners in crime. I am curious about just how far you want to take Harbinger Sports and and whether the moment that we're in right now with all of the attention on alternative investing and specifically investing in sports league franchises, teams, if that is providing the opportunity going forward.Yeah, 100%. I think there is a huge opportunity. There are kind of three things happening at the same time.One, there is this macro ...

Passenger traffic increased by 3.2% in Puerto Rico and 1.0% in Colombia; and decreased by 1.7% in MexicoMEXICO CITY, July 22, 2025 /PRNewswire/ -- Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE: ASR; BMV: ASUR) (ASUR), a leading international airport group with operations in Mexico, the United States, and Colombia, today announced its results for the three- and six-month periods ended June 30, 2025.2Q25 Highlights1 Total passenger traffic declined 0.1% YoY ("YoY"). By country of operations, passenger ...

Utilizing Everi's BeOn™ Venue Platform, New Arena App Includes Traditional Features and Integrated Ticketing CapabilitiesLAS VEGAS, July 22, 2025 /PRNewswire/ -- T-Mobile Arena, the 20,000-seat venue located on the Las Vegas Strip between New York-New York and Park MGM, in an agreement with Everi, an IGT brand and premier provider of land-based and digital casino gaming content and products, financial technology, player loyalty solutions and bingo, today announced the launch of a new, dedicated venue app fo ...

Why does the world's number one golfer avoid corporate sponsorship responsibilities? And what is up with the WNBA players wanting to get paid more money?@joepompliano joins to explain the money behind these two big sports stories this week. https://t.co/yQ6w1fjt6Q ...

IRVINE, Calif., July 22, 2025 (GLOBE NEWSWIRE) -- via IBN -- ECGI Holdings Inc. (OTC: ECGI), a diversified holding company focused on innovation and growth, today announced that its investment arm, Uplist Ventures, was accepted as an affiliate member of TCA Venture Group (formerly Tech Coast Angels). This move positions Uplist Ventures to access one of the most active angel investor networks in the United States, providing exclusive visibility into high-quality early- and growth-stage opportunities. TCA Ven ...