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IAC Q4 Earnings Call Highlights
Yahoo Finance· 2026-02-04 16:22
Core Insights - The company is experiencing a significant shift in its web ecosystem, with a 13% year-over-year decline in core web sessions, primarily due to a 50% drop in Google Search referrals over the past two years [1][6] - Digital revenue growth of 14% in the quarter was driven by advertising, performance marketing, and licensing, despite a 23% decline in print revenue [2][6][3] - The company is focusing on off-platform distribution, with off-platform views nearly doubling over two years and non-session-based revenue growing 37% year-over-year, now representing about 38% of total digital revenue [6][7] Financial Performance - Print revenue fell by 23%, attributed to a lack of political advertising compared to the previous year and ongoing declines in the print sector [2] - Licensing revenue increased by 36%, supported by partnerships with Apple News and Meta, while performance marketing grew by 17% during the holiday period [2][3] - The company reported adjusted EBITDA guidance for People Inc. of $310 million to $340 million, with expectations of mid- to high-single-digit growth in digital revenue and digital adjusted EBITDA [5][15] Strategic Initiatives - The company is shifting towards a strategy that includes developing standalone products and services to mitigate risks from AI-driven disintermediation, leveraging iconic content brands [8] - New initiatives include a "recipe locker" with 3 million registered users and a relaunched People app with 300,000 downloads, focusing on user engagement [19] - The company has increased its stake in MGM to 25% and repurchased $337 million of its shares, reducing the share count by approximately 10% [5][18] Guidance and Future Outlook - IAC will cease providing quarterly guidance, opting for annual targets instead, citing volatility in the industry [5][14] - The company anticipates approximately $15 million in litigation costs related to Google AdTech in 2026, which will impact corporate expenses [15] - IAC expects over 50% EBITDA-to-free-cash-flow conversion in 2026, supported by low capital expenditures and minimal cash taxes [17]
‘The paper era is over': Giustra warns of ‘take down' in gold, calls ‘project vault' a signal of new world order
KITCO· 2026-02-03 21:30
Core Insights - Jeremy Szafron has joined Kitco News as an anchor and producer, bringing extensive experience in journalism and finance [1][5] Background and Career Development - Jeremy began his journalism career in 2006 at CTV, initially focusing on entertainment before transitioning to business reporting, particularly in mining and small-cap sectors [2] - He gained recognition for his macro-financial and market trends analysis, becoming a sought-after commentator on CTV Morning Live and CTV News Network [2] - A significant highlight of his career was covering the 2010 Vancouver Olympic Games, which led to the development of an online video news program for PressReader, a digital newsstand with 8,000 editions in 60 languages [3] Digital Media Ventures - In 2012, Jeremy launched The Green Scene Podcast, which quickly attracted over 400,000 subscribers and positioned him as a prominent voice in the cannabis industry [4] - Following this success, he created Investor Scene and Initiate Research, platforms that provide exclusive market insights and deal-flow opportunities in mining and Canadian small-cap markets [4] Professional Expertise - Jeremy has served as a market strategist and investor relations consultant for various publicly traded companies across mining, energy, consumer packaged goods (CPG), and technology sectors [5] - He holds a BA in Journalism from Concordia University, which has supported his diverse career trajectory [5]
Global Interactive Technologies, Inc. Expands Music IP Portfolio with Key Artist Agreements
Accessnewswire· 2026-02-02 13:30
Core Insights - Global Interactive Technologies, Inc. has entered into agreements with K-pop star Kang Daniel for the production and performance of official theme songs for the animated feature, The Legend of MegaRace [1] Company Developments - GITS has acquired ownership and control of the master recordings for the theme songs [1] - The company has also secured worldwide distribution and usage rights for each song [1]
VS MEDIA Regains Compliance with Nasdaq’s Minimum Bid Price Requirement
Globenewswire· 2026-01-28 13:30
Core Viewpoint - VS MEDIA Holdings Limited has regained compliance with Nasdaq's minimum bid price requirement, allowing it to continue its listing on The Nasdaq Capital Market [1][2]. Group 1: Compliance with Nasdaq - The company was notified by Nasdaq on December 15, 2025, regarding non-compliance with the minimum bid price rule due to its Class A ordinary share closing below $1.00 for 30 consecutive business days [2]. - To regain compliance, VS MEDIA needed to maintain a closing bid price of $1.00 or more for at least 10 consecutive trading days, which was achieved on January 26, 2026 [2]. - Nasdaq has now considered the prior bid price deficiency matter closed following the compliance achievement [2]. Group 2: Company Overview - Founded in 2013, VS MEDIA Holdings Limited manages a global network of digital creators who publish content on platforms like YouTube, Facebook, Instagram, and TikTok [3]. - The creators include influencers, Key Opinion Leaders (KOLs), bloggers, and other content creators who build fanbases on social media [3].
Global Interactive Technologies, Inc. Announces Agreement with ATEEZ for Animated Feature Theme Song
Accessnewswire· 2026-01-26 13:30
Core Viewpoint - GITS has acquired master and global distribution rights to the theme song performed by ATEEZ for the animated feature The Legend of MegaRace, aiming to enhance international reach and audience engagement through a structured promotional campaign [1][4]. Group 1: Agreement Details - GITS has obtained full ownership and control of the master recordings, along with worldwide distribution, usage, and commercial exploitation rights for the theme song [2]. - The agreement allows GITS to manage global release strategies, soundtrack distribution, and licensing activities across both digital and physical platforms [2]. Group 2: Promotional Strategy - GITS plans to launch an international promotional campaign centered around ATEEZ's involvement, distributing promotional content through its global fandom platform, Faning [3]. - The promotional materials will include official music-related content and behind-the-scenes footage to enhance audience engagement [3]. Group 3: Strategic Focus - The agreement aligns with GITS's strategy to expand proprietary intellectual property in animation and music while collaborating with high-profile global artists [5]. - GITS aims to support scalable promotion and diversified monetization over time, leveraging ATEEZ's global influence to elevate visibility in key markets such as North America, Europe, and Asia [4][5].
TikTok parent ByteDance finalizes US joint venture deal to avoid ban
Proactiveinvestors NA· 2026-01-23 16:28
Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company operates with a team of experienced and qualified news journalists, ensuring independent content production [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors, including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]
Litchfield Hills Research: Society Pass Incorporated's (Nasdaq: SOPA) Total Asset Value Implies Valuation of 1,300% of Current Market Capitalization
Globenewswire· 2026-01-23 12:30
Core Viewpoint - Society Pass Incorporated (SOPA) is undergoing a strategic transformation from a consumer e-commerce model to a platform holding company focused on scalable, cash-generative businesses and AI infrastructure optionality, as highlighted by Litchfield Hills Research [2][3]. Valuation Analysis - Litchfield Hills Research identifies a significant sum-of-the-parts valuation disconnect, with SOPA's market capitalization of $18.0 million reflecting a substantial discount to its operating assets and cash, valued at approximately 1,300% of the parent company [2]. Strategic Transformation - The company is shifting its focus towards higher-margin, infrastructure-oriented assets due to increasing competition and margin pressure in consumer e-commerce, alongside a growing global demand for AI inference capacity [3]. Revenue Growth - SOPA's consolidated sales are projected to increase from $7.0 million in 2025 to $10 million by 2027, driven by its subsidiaries Thoughtful Media and NusaTrip [4]. Thoughtful Media Insights - Thoughtful Media is transitioning to premium advertising and social commerce, with a forecasted revenue CAGR of 17% through 2027, positioning it as a key asset in SOPA's new model [5]. Thoughtful Media IPO - Thoughtful Media filed for an IPO in August 2024, proposing a price range of $4.00–$5.00 per share for 3.75 million shares, which could imply a pro forma equity valuation of approximately $86 million to $107 million, significantly enhancing SOPA's valuation [6]. NusaTrip Overview - NusaTrip, a majority-owned subsidiary, is pivoting to the higher-margin hotel sector and accounted for about 55% of SOPA's consolidated revenue in the last reported quarter, processing approximately $250 million GMV in 2025 [7]. AI Infrastructure Investments - The company is making minority, non-consolidated investments in AI infrastructure in Central & Eastern Europe, which offer high-margin optionality despite limited near-term financial visibility [8]. Company Background - Society Pass was founded in 2018 and operates in Southeast Asia across four interconnected verticals: digital media, travel, lifestyle, and alternative intelligence infrastructure [9].
TNL Mediagene Regains Compliance with Nasdaq's Bid Price Rule
Prnewswire· 2026-01-22 15:43
Core Viewpoint - TNL Mediagene has regained compliance with Nasdaq's Bid Price Rule after maintaining a closing bid price of $1.00 or greater for fifteen consecutive trading days, as confirmed by Nasdaq on January 20, 2026 [1][2]. Group 1: Compliance with Nasdaq - The company received a letter from Nasdaq confirming compliance with Listing Rule 5550(a)(2) on January 20, 2026 [1]. - The compliance was achieved after the company's Ordinary Shares closed at $1.00 or higher for fifteen consecutive trading days from December 23, 2025, to January 14, 2026 [2]. Group 2: Monitoring and Future Compliance - Nasdaq's Hearings Panel has imposed a Discretionary Panel Monitor for one year to ensure the company addresses any future compliance concerns [3]. - If the company fails to meet any listing standard during the monitoring period, it will not be allowed to submit a compliance plan, and a Delist Determination Letter may be issued [3]. Group 3: Company Overview - TNL Mediagene was formed in May 2023 through the merger of The News Lens Co. and Mediagene Inc., focusing on digital media across various languages and topics [4]. - The company operates in Japan, Taiwan, and Hong Kong, employing approximately 500 staff and offering services such as AI-driven advertising and marketing technology [4].
"Fiat in ICU": Mark Thornton on the silver supply crisis & 2026 crash signals
KITCO· 2026-01-21 15:45
Core Insights - Jeremy Szafron has joined Kitco News as an anchor and producer, bringing a wealth of experience in journalism, particularly in finance and current affairs [1][5] Group 1: Career Background - Jeremy began his journalism career in 2006 at CTV, initially focusing on entertainment before transitioning to business reporting, particularly in mining and small-cap companies [2] - He gained recognition for his macro-financial and market trends analysis, becoming a sought-after commentator on CTV Morning Live and CTV News Network [2] - A significant highlight of his career was covering the 2010 Vancouver Olympic Games, which led to the development of an online video news program for PressReader, a digital newsstand with 8,000 editions in 60 languages [3] Group 2: Digital Media Ventures - In 2012, Jeremy launched The Green Scene Podcast, which quickly attracted over 400,000 subscribers and positioned him as a prominent voice in the cannabis industry [4] - Following this success, he established Investor Scene and Initiate Research, platforms that provide exclusive market insights and deal-flow opportunities in mining and Canadian small-cap sectors [4] Group 3: Professional Expertise - Jeremy has experience as a market strategist and investor relations consultant for various publicly traded companies across mining, energy, consumer packaged goods (CPG), and technology industries [5] - He holds a BA in Journalism from Concordia University, which has contributed to his diverse career in media and finance [5]
Lottery.com Inc. Announces Closing of Registered Direct Public Offering
Globenewswire· 2026-01-20 21:32
Core Viewpoint - SEGG Media Corporation has completed a registered direct offering of 2,449,857 shares of common stock, raising approximately $1,700,000 before fees and expenses, with the offering closing on January 20, 2026 [1] Group 1: Offering Details - The offering price was based on the average closing price for the five trading days prior to January 16, 2026 [1] - The net proceeds from the offering will primarily be used for general working capital and to advance previously announced acquisitions of profitable businesses [2] - Dawson James Securities, Inc. acted as the sole placement agent for the offering [2] Group 2: Financing Arrangements - The company has withdrawn from two previously disclosed financing arrangements, which is not expected to materially impact its liquidity or operations [6] - SEGG Media has agreed in principle to terminate a note and securities purchase agreement with Evergreen Capital Markets LLC, which included a $500,000 advance received in December [7] - The company has also terminated a $150 million loan agreement with United Capital Investments London Limited, which was amended in August 2023, with no significant equity issuances expected as a result [8] Group 3: Strategic Focus - The company remains focused on acquiring cash-generative businesses, including Veloce Media Group and Nook Holdings Ltd., while also developing revenue from existing assets like Sports.com and Lottery.com [9] - SEGG Media does not anticipate undertaking large financing transactions that would dilute existing shareholders or pursue acquisitions requiring significant ongoing cash [9] Group 4: Company Overview - SEGG Media Corporation is a global sports, entertainment, and gaming group that integrates traditional assets with blockchain innovation [10] - The company aims to build immersive fan engagement and ethical gaming through its portfolio of digital assets [10]