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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Take-Two Interactive Software, Inc. - TTWO
Prnewswire· 2025-05-06 22:55
Core Insights - Take-Two Interactive Software, Inc. is under investigation for potential securities fraud and unlawful business practices involving its officers and directors [1] - Rockstar Games, a subsidiary of Take-Two, announced a delay in the release of Grand Theft Auto VI to May 26, 2026, which was previously expected in fall 2025 [2] - Following the announcement of the delayed release, Take-Two's stock price dropped by $15.67, or 6.66%, closing at $219.50 per share on May 2, 2025 [2] Group 1 - The investigation by Pomerantz LLP is focused on claims from investors regarding possible securities fraud by Take-Two and its management [1] - The delay in the release of Grand Theft Auto VI has significant implications for investor sentiment and stock performance [2] - The stock price decline indicates market reaction to the news of the delayed game release, reflecting investor concerns [2] Group 2 - Pomerantz LLP is recognized for its expertise in corporate and securities class litigation, having a long history of advocating for victims of securities fraud [3] - The firm has successfully recovered substantial damages for class members in previous cases, highlighting its effectiveness in handling such legal matters [3]
Motorsport Games to Report First Quarter 2025 Financial Results
Globenewswire· 2025-05-06 20:05
Core Viewpoint - Motorsport Games Inc. is scheduled to report its financial results for the first quarter of 2025 on May 9, 2025, after market close, followed by a conference call to discuss the results [1][6]. Company Overview - Motorsport Games is a developer and publisher of racing games and an esports ecosystem provider for official motorsport racing series, aiming to create authentic racing experiences [3]. - The company holds licenses for prominent racing series such as the 24 Hours of Le Mans and the FIA World Endurance Championship, with recent releases including Le Mans Ultimate in Early Access [3]. - Motorsport Games owns the rFactor 2 and KartKraft simulation platforms and powers F1® Arcade through a partnership with Kindred Concepts [3]. - The company is recognized as an award-winning esports partner for the 24 Hours of Le Mans, having established the Le Mans Virtual Series [3]. Financial Reporting Details - The financial results will be discussed in a conference call and webcast on May 9, 2025, at 5:00 p.m. ET, accessible via the company's investor relations website and by phone [1][2].
Nintendo: After Slight Turbulence, Switch 2 Launch Is A Go
Seeking Alpha· 2025-05-06 16:15
Compounding Chef combines a business education background with professional experience in a variety of industries to find opportunities across the investing universe including… Media, Marketing, and Public Relations Travel, Tourism, Hospitality, Corporate Events, and Software as a Service. I have been managing the growth of personal and family assets for 15 years with the goal of building wealth that compounds for multiple generations. While I occasionally find short term opportunities in undervalued assets ...
Rockstar launches GTA 6 trailer; TTWO stock reacts
Finbold· 2025-05-06 14:18
Summary:⚈ GTA 6 trailer release caused brief volatility in Take-Two stock on May 6⚈ TTWO remained slightly red, likely due to 2026 launch delay announcement⚈ Despite dips, stock is up 23.21% YTD, outperforming the broader marketTake-Two Interactive (NASDAQ: TTWO) stock began the Tuesday, May 6 session with uncertainty rapidly changing direction within minutes as Rockstar Games – one of its subsidiaries – released the second trailer for the upcoming Grand Theft Auto VI (GTA 6).The TTWO share whipsaw in the f ...
Sonos Gearing Up to Report Q2 Earnings: Here's What to Expect
ZACKS· 2025-05-06 14:10
Core Viewpoint - Sonos, Inc. is expected to report second-quarter fiscal 2025 results with anticipated revenues between $240 million and $265 million, reflecting a slight year-over-year increase, while the bottom line is projected to show an improved loss compared to the previous year [1][2]. Group 1: Financial Performance Expectations - The Zacks Consensus Estimate for revenues is $255.9 million, indicating a rise of 1.3% from the previous year [1]. - The consensus estimate for the bottom line is a loss of 18 cents, an improvement from a loss of 34 cents reported in the prior year [1]. - Sonos has beaten the Zacks Consensus Estimate in three of the last four quarters, with an average earnings surprise of 22.8% [2]. Group 2: Challenges Impacting Performance - The company's second-quarter performance is likely to be negatively affected by high promotional activity and restructuring efforts, including a workforce reduction impacting nearly 12% of employees, leading to expected charges of $15 million to $18 million [3]. - The rollout of Sonos' redesigned app faced issues, resulting in unforeseen bugs and prompting an investment of $6 million in app recovery, with additional projected charges of $4 million to $8 million for the second quarter [4]. - GAAP gross margin is expected to be between 42% and 44%, down year-over-year due to foreign exchange headwinds and amortization costs [5]. Group 3: Positive Factors Supporting Performance - Sonos' focus on product innovation, particularly the successful launch of Sonos Ace, is expected to support revenue despite challenges from the app redesign [6]. - The introduction of the Era 100 Pro has opened a new revenue stream in the light-commercial audio market, potentially contributing to overall growth [7]. - Ongoing expansion of direct-to-consumer initiatives and a growing international presence, especially in Asia, are likely to bolster second-quarter performance [7].
Here's What Key Metrics Tell Us About Vimeo (VMEO) Q1 Earnings
ZACKS· 2025-05-06 00:31
Core Insights - Vimeo, Inc. reported revenue of $103.03 million for Q1 2025, a year-over-year decline of 1.8% and an EPS of -$0.02 compared to $0.04 a year ago, with a revenue surprise of +1.66% over the Zacks Consensus Estimate of $101.36 million and an EPS surprise of +33.33% [1] Financial Performance - The company’s revenue metrics show that Vimeo Enterprise generated $24.42 million, exceeding the average estimate of $24.29 million, representing a year-over-year increase of +32.3% [4] - Self-Serve & Add-Ons revenue was reported at $64.69 million, slightly above the average estimate of $63.07 million, but this reflects a year-over-year decline of -7.5% [4] - The Average Revenue Per User (ARPU) for Vimeo Enterprise was $24,624, surpassing the estimated $23,397.16, while the ARPU for Self-Serve & Add-Ons was $189, below the estimated $209.53 [4] Stock Performance - Vimeo shares have returned +7.8% over the past month, outperforming the Zacks S&P 500 composite, which saw a change of +0.4% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]
Vimeo(VMEO) - 2025 Q1 - Earnings Call Transcript
2025-05-05 21:00
Vimeo (VMEO) Q1 2025 Earnings Call May 05, 2025 05:00 PM ET Speaker0 Hello, and thank you for joining Vimeo's Q1 twenty twenty five earnings live Q and A. Before we begin, a few comments. First, this session will be recorded and available on the Vimeo Investor Relations website later today. Second, we will discuss Vimeo's outlook and future performance. These future looking statements typically may be preceded by words such as we expect, we believe, we anticipate, or other such statements. These forward thi ...
Vimeo Q1 2025 Shareholder Letter Available on Company's IR Site
Globenewswire· 2025-05-05 20:08
Group 1 - Vimeo released its first quarter 2025 shareholder letter on its investor relations website [1] - A live stream video conference will be held today at 5:00 p.m. Eastern Time to discuss the first quarter results [1] - The live stream will include forward-looking information relevant to investors [1] Group 2 - Vimeo is recognized as the world's most innovative video experience platform [2] - The company serves millions of users, including creative storytellers and large global teams [2] - Vimeo's videos receive billions of views each month [2]
GoPro (GPRO) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release
ZACKS· 2025-05-05 15:05
Core Viewpoint - The market anticipates GoPro (GPRO) to report a year-over-year increase in earnings despite lower revenues for the quarter ended March 2025, with actual results being crucial for stock price movement [1][2]. GoPro Earnings Expectations - GoPro is expected to report a quarterly loss of $0.13 per share, reflecting a year-over-year change of +38.1% [3]. - Revenues are projected to be $124.98 million, down 19.6% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 3.13% lower in the last 30 days, indicating a bearish sentiment among analysts regarding GoPro's earnings prospects [4][10]. - The Most Accurate Estimate is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -4% [10][11]. Earnings Surprise Prediction - A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank of 1, 2, or 3 [8]. - GoPro currently holds a Zacks Rank of 3, making it challenging to predict an earnings beat conclusively [11]. Historical Performance - In the last reported quarter, GoPro was expected to post a loss of $0.11 per share but actually reported a loss of $0.09, resulting in a surprise of +18.18% [12]. - Over the past four quarters, GoPro has beaten consensus EPS estimates four times [13]. Industry Comparison - In the Zacks Audio Video Production industry, Sonos (SONO) is expected to post a loss of $0.18 per share, indicating a year-over-year change of +47.1% [17]. - Sonos's revenue is expected to be $255.92 million, up 1.3% from the previous year [17]. - The consensus EPS estimate for Sonos has been revised 220.8% lower in the last 30 days, but a higher Most Accurate Estimate has resulted in an Earnings ESP of 25.71%, suggesting a likely earnings beat [18].
MLS signs a deal with EA to stream four soccer matches on mobile gaming platform
CNBC· 2025-05-05 12:00
Group 1 - Major League Soccer (MLS) is partnering with Electronic Arts (EA) to stream four MLS matches this season on EA Sports FC Mobile [1][3] - The first match will be available for free streaming on May 10, featuring a rematch between the Los Angeles Galaxy and New York Red Bulls, following the Galaxy's victory in the 2024 final [2] - All matches will be simulcast with Apple TV's MLS Season Pass, which holds exclusive media rights, and EA FC Mobile players will receive a free one-month trial of the Season Pass along with in-game currency [3] Group 2 - This partnership marks EA's first venture into live streaming sports, capitalizing on the growing audience for live sports across media platforms [4] - The collaboration comes after a challenging quarter for EA, attributed to the underperformance of its games, particularly the EA Sports FC franchise [4] - EA is set to report its next quarterly earnings on Tuesday, which may provide further insights into the impact of this partnership on its financial performance [4]