Financial Performance - Q3 2025 revenues increased to $363.7 million, a 2.9% increase compared to $353.6 million in Q3 2024[18] - Adjusted EBITDA decreased slightly by 0.5%, from $124.7 million in Q3 2024 to $124.1 million in Q3 2025[15] - Adjusted diluted EPS increased by 7.3%, from $1.64 in Q3 2024 to $1.76 in Q3 2025[20] Revenue Breakdown - Advertising and Performance Marketing revenue increased by 5.9%, from $194 million in Q3 2024 to $205 million in Q3 2025[23] - Subscription and Licensing revenue increased by 2.0%, from $147 million in Q3 2024 to $150 million in Q3 2025[25] Segment Performance - Technology & Shopping segment revenue decreased by 2.2%, from $87.1 million in Q3 2024 to $85.2 million in Q3 2025[29] - Gaming & Entertainment segment revenue decreased by 4.3%, from $49.7 million in Q3 2024 to $47.6 million in Q3 2025[34] - Health & Wellness segment revenue increased by 12.7%, from $90.8 million in Q3 2024 to $102.3 million in Q3 2025[40] - Connectivity segment revenue increased by 2.2%, from $56.0 million in Q3 2024 to $57.2 million in Q3 2025[46] - Cybersecurity & Martech segment revenue increased by 2.0%, from $70.0 million in Q3 2024 to $71.4 million in Q3 2025[52] Financial Guidance - The company reaffirms its full-year 2025 revenue guidance of $1.442 billion to $1.502 billion, representing a midpoint year-over-year increase of 5.0%[63] - The company reaffirms its full-year 2025 Adjusted EBITDA guidance of $505 million to $542 million, representing a midpoint year-over-year increase of 6.0%[63] - The company reaffirms its full-year 2025 Adjusted diluted EPS guidance of $6.64 to $7.28, representing a midpoint year-over-year increase of 5.1%[63]

Core Insights - Ziff Davis reported Q3 CY2025 revenue of $363.7 million, which was a 2.9% year-on-year increase but fell short of analyst expectations of $365.7 million [1][7] - The company's full-year revenue guidance is set at $1.47 billion at the midpoint, aligning closely with analyst estimates [1][7] - Non-GAAP profit per share was $1.76, which is 1.4% below the consensus estimate of $1.78 [1][7] Company Overview - Ziff Davis, originally founded in 1927 as a technology publisher, now operates a portfolio of digital media brands and subscription services across various sectors including technology, shopping, gaming, healthcare, and cybersecurity [4] Revenue Growth - The company achieved $1.46 billion in revenue over the past 12 months, indicating a struggle to increase demand as this figure is close to its revenue five years ago [5][6] - Ziff Davis's annualized revenue growth of 3.1% over the last two years is above its five-year trend, although the recent results were disappointing [8] Financial Performance - Adjusted EBITDA for Q3 was $124.1 million, missing analyst estimates of $131.2 million, with a margin of 34.1% [7] - Operating margin improved to 7.8%, up from -8.3% in the same quarter last year, while free cash flow margin increased to 29.7% from 22.7% [7] - Market capitalization stands at $1.37 billion [7]

Core Insights - News Corp reported Q3 CY2025 results that exceeded Wall Street's revenue expectations, with sales increasing by 2.3% year-on-year to $2.14 billion and a GAAP profit of $0.20 per share, which was 9.4% above analysts' consensus estimates [1][6]. Company Overview - News Corp, established in 2013 after a restructuring, is a multinational conglomerate involved in news publishing, broadcasting, digital media, and book publishing [3]. Revenue Growth - Despite a modest year-on-year revenue growth of 2.3%, News Corp's long-term performance has been inconsistent, with total sales of $8.5 billion for the trailing 12 months being close to its revenue five years ago, indicating lower quality business performance [4][6]. - Over the last two years, News Corp's revenue has declined by 5.1% annually, reflecting suppressed demand within the consumer discretionary sector [5]. Quarterly Performance - The company reported revenue of $2.14 billion, surpassing analyst estimates of $2.10 billion, and an EPS of $0.20 compared to the expected $0.18 [6]. - Adjusted EBITDA was $347 million, exceeding estimates of $331.6 million, with a margin of 16.2% [6]. - Operating margin improved significantly to 56.1%, up from 10.2% in the same quarter last year, and free cash flow turned positive at $4 million, compared to a negative $31 million in the same quarter last year [6]. Segment Performance - News Corp's revenue breakdown shows that its three key segments—Dow Jones, News Media, and Book Publishing—contributed 27.3%, 24.9%, and 25.4% of total revenue, respectively [7]. - Dow Jones and Book Publishing segments averaged year-on-year growth of 4.3% and 3.3%, while News Media experienced an average decline of 2.6% [7]. Future Outlook - Analysts project a revenue growth of 2.8% over the next 12 months, indicating expectations for improved performance from newer products and services, although this remains below the average for the sector [8].

-TechGALA Japan 2026 is a global event that brings together experts and innovators across emerging fields such as aerospace, AI and robotics for a three-day festival featuring keynote speeches, conferences, business "speed dating," exhibitions, networking programs and side events Accessibility StatementSkip Navigation -TechGALA Japan 2026 confirmed Keynote Speakers and Special Session Speakers today, including: Monika Bielskyte, Nike Futurist in Residence, and expert in immersive media and information techn ...

Financial Data and Key Metrics Changes - Consolidated net revenue was approximately $92.7 million, down 16% year over year [9] - Adjusted EBITDA for the third quarter was $14.2 million, a decrease of 44.1% [15] - Net loss was approximately $2.8 million or $0.06 per share, compared to a net loss of $31.8 million or $0.68 per share for the previous year [16] Business Line Data and Key Metrics Changes - Revenue for the Radio Broadcasting segment was $34.7 million, a decrease of 12.6% year over year [9] - Net revenue for the Reach Media segment was $6.1 million, down 40% from the prior year [10] - Net revenues for the Digital segment were down 30.6% at $12.7 million [11] - Cable Television segment revenue was approximately $39.8 million, a decrease of 7% [12] Market Data and Key Metrics Changes - Local ad sales were down 6.5% against a market that was down 10.1%, indicating outperformance [9] - National ad sales were down 29.1% against a market that was down 21.5%, indicating underperformance [10] - Cable subscribers to TV One decreased to 34.1 million from 34.3 million at the end of Q2 [12] Company Strategy and Development Direction - The company is adjusting its guidance for the year, lowering the EBITDA forecast from $60 million to a range of $56 million to $58 million [7] - A second reduction in force was completed in October as part of ongoing cost reduction efforts [14] - The company is exploring potential M&A opportunities in light of anticipated deregulation in the industry [28][30] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2026, citing changes in operating strategy and a focus on improving performance in key markets [21][25] - The company is preparing for a political year, which is expected to drive demand [21] - Management acknowledged challenges faced in the current year but believes they are better positioned for future growth [25] Other Important Information - Operating expenses decreased to approximately $83.7 million for the quarter, a decrease of 4.2% from the prior year [12] - Interest expense decreased to approximately $9.4 million in Q3, down from $11.6 million last year [16] - The company repurchased $4.5 million of its 2028 notes at an average price of 52% [16] Q&A Session Summary Question: What is the outlook for 2026 and demand? - Management feels good about 2026 due to changes in operating strategy and the upcoming political year [21][25] Question: Are there plans for M&A activity? - Management is exploring M&A opportunities but currently has no transformative deals in progress [28][30] Question: Will the company continue debt buyback activity? - Management confirmed plans to continue executing on debt buybacks while maintaining liquidity [33]

Core Insights - North Media's Q3 2025 performance showed a slight decline in activity levels, with revenue decreases in both Last Mile and Digital Services, but operating profit growth in Digital Services due to reduced losses in Dayli and Bekey [1][2] Financial Performance - Q3 2025 revenue was DKK 286.4 million, down from DKK 299.4 million in Q3 2024, while year-to-date revenue decreased by 2% to DKK 939.2 million [2][6] - EBITDA for Q3 2025 was DKK 12.1 million compared to DKK 19.4 million in the previous year, with year-to-date EBITDA at DKK 71.1 million, down from DKK 120.9 million [2][6] - EBIT for Q3 2025 was -DKK 1.7 million, a decline from DKK 3.0 million in Q3 2024, with a year-to-date EBIT of DKK 29.3 million compared to DKK 59.2 million [2][7] - The EBIT margin for Q3 2025 was -0.6%, down from 1.0% in the previous year, while the year-to-date EBIT margin was 3.1%, down from 6.2% [2][7] Business Area Performance - Last Mile reported Q3 2025 revenue of DKK 247 million, a 4% decrease from Q3 2024, with some positive effects from repatriating invoicing from former franchisees [3] - Digital Services saw a 4% revenue decline to DKK 40 million, primarily due to lower advertising revenue in BoligPortal and a slight setback in Dayli, but EBITDA improved to a profit of DKK 3 million from a loss of DKK 3 million in the previous year [5][6] Operational Developments - The integration of SDR into North Media reached a significant milestone with the completion of automated packing for the Swedish market, expected to lead to long-term cost reductions [1] - The transition costs associated with the automated packing in Sweden impacted EBITDA, but Digital Services reported growth driven by performance improvements in Bekey [6] Guidance for 2025 - The company narrowed its full-year financial guidance for 2025, with expected revenue between DKK 1,270 million and DKK 1,305 million, EBITDA between DKK 105 million and DKK 126 million, and EBIT between DKK 50 million and DKK 70 million [8][13]

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] Background and Career Development - Jeremy began his journalism career in 2006 at CTV, where he transitioned from entertainment reporting to business reporting, focusing on 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 a regular on 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 sectors [4] 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 supported his diverse career trajectory [5]

Core Points - Vertiqal Studios has successfully closed a non-brokered private placement of unsecured convertible debentures, raising gross proceeds of $2,298,000 [1][2] - The company targets over 50 million Gen Z and young millennial viewers monthly through its digital-channel network and video production services [1][10] - The debentures will mature on October 31, 2027, with an interest rate of 15% per annum, payable at maturity [3] - Holders of the debentures can convert them into common shares at a conversion price of $0.025 per share, starting 18 months before maturity [4] - The offering is subject to regulatory approvals and includes a four-month hold period for the issued securities [5] Company Overview - Vertiqal Studios is a leading digital strategy and creative holding company specializing in viral video production for brands [10] - The company manages over 130 channels across platforms like TikTok, Instagram, and Snapchat, producing more than 100 pieces of content daily [10] - Vertiqal Studios collaborates with major brands such as RBC, Samsung, and Coca-Cola to develop innovative advertising solutions [10]

Core Insights - Jeremy Szafron has joined Kitco News as an anchor and producer, bringing extensive experience in journalism, particularly in finance and current affairs [1][5] Background and Career Development - Jeremy began his journalism career in 2006 at CTV, initially focusing on entertainment before transitioning to business reporting, especially 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 and Industry Engagement - In 2012, Jeremy launched The Green Scene Podcast, which quickly attracted over 400,000 subscribers, establishing 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]

Core Viewpoint - A class action lawsuit has been filed against Sina Corporation, alleging that the company engaged in a scheme to depress the value of its shares during its go-private merger, resulting in shareholders receiving an unfair price for their shares [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who sold Sina shares between October 13, 2020, and March 22, 2021, and claims that important facts were omitted from the proxy materials that shareholders relied on for voting decisions [1][2]. - The complaint specifically alleges that the true value of Sina's investment in TuSimple, a U.S.-based autonomous trucking company, was concealed, leading to a cash offer that significantly undervalued shareholders' shares [4][3]. - Internal documents revealed during a related shareholder appraisal proceeding indicated that senior executives intentionally hid the investment's value, misleading shareholders and resulting in them receiving less than fair value for their shares [5][3]. Group 2: Investor Information - Investors who sold SINA securities during the class period have until November 18, 2025, to seek appointment as a lead plaintiff representative of the class [2].