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Zoomcar Set to Unveil Q1 FY 2025-26 Earnings Call: Key Updates on Growth and Market Strategy
Prnewswire· 2025-08-11 11:30
Core Insights - Zoomcar Holdings, Inc. plans to report its financial and operating results for Q1 FY 2025-26 on August 14, 2025, before market opening [1] - A live Zoom Webinar will be hosted by the company management at 8:00 am Eastern Time on the same day to discuss the results and provide corporate updates [2] - Investors and analysts can submit questions to management via email by 10:00 am ET on August 13, 2025 [3] Company Overview - Founded in 2013 and headquartered in Bengaluru, Zoomcar is India's leading car-sharing marketplace, focusing on redefining urban mobility through technology and community [4]
Zoomcar Redefines Home Delivery, Bringing Next-Level Convenience and Coverage to Guests Across India
Prnewswire· 2025-07-30 11:30
Core Insights - Zoomcar has expanded its Home Delivery service to 14 cities, enhancing convenience for Guests and increasing earnings for Hosts [1][3] - The new flexible delivery system allows Hosts to set delivery zones and manage availability, resulting in a 10% increase in Host participation [2] - Partnerships with third-party driver platforms enable more cars to be delivered, with 12% of total bookings currently fulfilled via Home Delivery, expected to double as the service expands [3] Company Overview - Founded in 2013, Zoomcar is India's leading peer-to-peer car-sharing marketplace, operating in over 90 cities [6] - The platform promotes affordable and sustainable urban mobility while empowering individuals to become micro-entrepreneurs [6] - With over 40,000 cars and more than 10 million users, Zoomcar focuses on innovation to enhance marketplace trust and convenience [5]
Zoomcar Partners with CARS24 to Raise the Bar on Self-Drive Car Quality and Safety through Tech-Enabled Inspections
Prnewswire· 2025-07-01 11:00
Core Insights - Zoomcar Holdings, Inc. has announced a strategic partnership with CARS24 to enhance vehicle inspection and tracking standards in the self-drive car-sharing market in India [1][6] - The collaboration aims to improve transparency, safety, and guest satisfaction by implementing Pre-Delivery Inspections (PDIs) and GPS tracking on host vehicles [2][5] Group 1: Partnership Details - CARS24 will conduct comprehensive quality checks on vehicles, covering mechanical, electrical, and safety systems, ensuring that only 'verified' vehicles are listed on Zoomcar's platform [4][6] - The pilot program will initially focus on host vehicles in Delhi, with plans for expansion based on the pilot's success [2] Group 2: Market Context - The self-drive rental market in India is experiencing high demand, with a significant volume of monthly bookings, necessitating improved quality standards to minimize operational disruptions [3][6] - Zoomcar has onboarded over 25,000 cars to date, indicating a growing pool of hosts and a commitment to enhancing asset quality across its platform [6] Group 3: Company Background - Zoomcar, founded in 2013, is India's leading peer-to-peer car-sharing marketplace, operating in over 90 cities and promoting sustainable urban mobility [7] - CARS24, established in 2015, is one of India's largest auto-tech companies, aiming for significant growth in the coming years [10]
Zoomcar to Announce Financial Results for Fiscal Year Ending March 31, 2025
Prnewswire· 2025-06-23 12:52
Core Viewpoint - Zoomcar Holdings, Inc. is set to report its financial and operating results for the fiscal year ending March 31, 2025, on June 30, 2025, before market opening [1] Company Overview - Founded in 2013 and headquartered in Bengaluru, Zoomcar is India's leading car-sharing marketplace, focusing on redefining urban mobility through technology and community [4] - The company connects hosts with guests, providing flexible and affordable access to cars while promoting sustainable and efficient transportation across India [4] Upcoming Events - Company management will host a live Zoom Webinar on June 30, 2025, at 8:00 am Eastern Time to discuss financial results and corporate updates [2] - A link to the webinar will be available on the company's investor relations website prior to the event, and a replay will be accessible afterward [2] Investor Engagement - Investors and analysts can submit questions to management via email by 10:00 am ET on June 27, 2025 [3]
Zoomcar Welcomes Deepankar Tiwari as CEO to Drive Next Phase of Growth
Prnewswire· 2025-05-12 11:30
BANGALORE, India, May 12, 2025 /PRNewswire/ -- Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (OTCQX: ZCAR), the leading marketplace for self-drive car sharing in India, today announced the appointment of Mr. Deepankar Tiwari as its Chief Executive Officer, effective May 9, 2025. This change in leadership sets the stage for Zoomcar to deepen its market presence while driving strategic initiatives and elevating the user experience. Mr. Tiwari brings over 25 years of leadership experience in the automoti ...
Zoomcar Announces Trading on OTCQX Best Market
Globenewswire· 2025-05-08 11:00
Core Points - Zoomcar Holdings, Inc. is transitioning its common shares and warrants from Nasdaq Global Markets to OTCQX Best Market and OTCQB Venture Market, respectively, under the ticker symbols "ZCAR" and "ZCARW" [1] - The transition to OTCQX is expected to ensure continuity in trading and support Zoomcar's mission of providing affordable and flexible transportation solutions [2] - Zoomcar aims to list on a national exchange in the U.S. later this year [2] Company Overview - Founded in 2013 and headquartered in Bengaluru, India, Zoomcar is a leading marketplace for self-drive car sharing in India [3] - The platform connects Hosts with Guests, offering a selection of cars at affordable prices, promoting sustainable transportation solutions [3]
OTC Markets Group Welcomes Zoomcar Holdings, Inc. to OTCQX
Globenewswire· 2025-05-08 11:00
Company Overview - Zoomcar Holdings, Inc. is a leading marketplace for self-drive car sharing in India, founded in 2013 and headquartered in Bengaluru [4] - The company connects Hosts with Guests, offering a selection of cars for affordable use, promoting sustainable transportation solutions in India [4] Market Transition - Zoomcar has qualified to trade on the OTCQX® Best Market, having previously traded on NASDAQ [1] - The trading symbol for Zoomcar on OTCQX is "ZCAR" [2] OTCQX Market Benefits - Trading on the OTCQX Market provides companies with efficient and cost-effective access to U.S. capital markets [3] - Companies listed on a qualified international exchange can utilize their home market reporting to make information available in the U.S. [3] - To qualify for OTCQX, companies must meet high financial standards, adhere to best practice corporate governance, and comply with applicable securities laws [3] OTC Markets Group Inc. - OTC Markets Group Inc. operates regulated markets for trading 12,000 U.S. and international securities [5] - The company’s data-driven disclosure standards support three public markets: OTCQX Best Market, OTCQB Venture Market, and Pink Open Market [5]
IAC(IAC) - 2025 Q1 - Earnings Call Transcript
2025-05-06 13:32
Financial Data and Key Metrics Changes - Q1 2025 was described as a solid start to the year with reaffirmed full-year 2025 adjusted EBITDA guidance across all of IAC [6][18] - The company repurchased 4,500,000 shares and increased share repurchase authorization by 10,000,000 shares [6][12] - DDM (Dotdash Meredith) grew digital revenues by 7% in Q1 and increased EBITDA by 46%, excluding a one-time lease gain [8][10] Business Line Data and Key Metrics Changes - DDM's digital advertising revenue was up 1% in Q1, with premium demand remaining stable despite a decline in core traffic [35][40] - Licensing revenue led growth with a 30% increase, aided by the OpenAI license and strong performance at Apple News [36] - Performance marketing also showed strong growth at 11% [36] Market Data and Key Metrics Changes - The macroeconomic outlook remains uncertain, with consumer spending through DDM's performance marketing being solid despite weak consumer confidence [15][18] - Programmatic pricing has softened, running flat year over year after previously increasing [17][18] - The advertising base showed strength in pharma, tech, and beauty, offsetting weaknesses in food and beverage [17] Company Strategy and Development Direction - The company is focused on executing growth across its businesses and capital allocation, including share buybacks and M&A opportunities [11][12] - The strategy includes pursuing strategic divestitures of smaller holdings to free up capital [13] - The company aims to create equity value and reduce the discount between share price and intrinsic value [10][12] Management's Comments on Operating Environment and Future Outlook - Management is carefully monitoring the macroeconomic environment for signs of stability or weakness among consumers and brands [18] - The company is optimistic about future growth, particularly in 2026, with several key projects underway [22][26] - Management acknowledged the challenges in the advertising market but emphasized the strength of their brands and execution capabilities [40][41] Other Important Information - The company reached an agreement to settle litigation related to the match separation with minimal additional costs [10] - The appointment of Jim Lawson as President of Decipher was highlighted as a strategic move to enhance the product's market presence [48][50] Q&A Session Summary Question: Key priorities for 2026 TDM revenue growth and capital allocation - Management discussed ongoing projects like the People app and MyRecipes, emphasizing their focus on meeting younger audiences [22][24] - Capital allocation will balance between share repurchases and M&A opportunities, with a cautious optimism for new investments [27][28] Question: Q1 trends in DDM Digital revenue - Management noted that Q1 faced tough comparisons and a decline in core traffic, but licensing and performance marketing showed strong growth [34][36] Question: Impact of Google’s AI transition and programmatic softness - Management indicated that the impact of Google's AI changes is not significant yet, and programmatic pricing has stabilized after a period of growth [114][116] Question: Appointment of Jim Lawson and Decipher's strategy - The appointment was seen as a strategic advantage to enhance Decipher's market presence and execution capabilities [48][50] Question: AI opportunities across the IAC portfolio - Management highlighted ongoing AI applications in various segments, particularly in improving customer service and marketing efficiency [83][85]
IAC(IAC) - 2025 Q1 - Earnings Call Transcript
2025-05-06 12:30
Financial Data and Key Metrics Changes - Q1 2025 was described as a solid start to the year, with IAC reaffirming full year 2025 adjusted EBITDA guidance across all businesses [5][16] - DDM grew digital revenues by 7% in Q1 and increased EBITDA by 46%, excluding a one-time lease gain [7][16] - The company repurchased 4,500,000 shares and increased share repurchase authorization by 10,000,000 shares [5][11] Business Line Data and Key Metrics Changes - DDM's licensing revenue grew by 30%, driven by the OpenAI license and strong performance at Apple News [34] - Performance marketing also showed strong growth at 11% [34] - The Daily Beast achieved a revenue growth of 72% while reaching profitability [8] Market Data and Key Metrics Changes - Core traffic for DDM declined by 3% in Q1, with digital advertising only up by 1% due to fewer impressions available for programmatic sales [33] - Premium demand in advertising remained stable, with strength in pharma, tech, and beauty offsetting weaknesses in food and beverage [15][33] - Programmatic pricing softened, running flat year over year after previously increasing [15] Company Strategy and Development Direction - The company is focused on executing growth across its businesses and capital allocation, including share buybacks and M&A opportunities [10][11] - IAC is pursuing strategic divestitures of smaller holdings to free up capital and simplify operations [12] - The company aims to create equity value and reduce the discount at which its shares are trading [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding consumer spending, noting solid performance in DDM despite weak consumer confidence [14][16] - The macroeconomic outlook remains uncertain, but the company is monitoring trends closely and reaffirming guidance based on current business performance [16] - Management highlighted the importance of focusing on execution and controlling what can be controlled in an unpredictable environment [16] Other Important Information - The company reached an agreement to settle litigation related to the match separation, requiring only a $200,000 contribution beyond insurance coverage [8] - IAC has $800 million in net operating losses (NOLs) that could offset taxable gains on its MGM stake [9] Q&A Session Summary Question: Key priorities for 2026 TDM revenue growth and capital allocation - Management discussed excitement about 2026, highlighting projects like the People app and MyRecipes, and emphasized the importance of capital allocation between share repurchases and M&A [18][20][25] Question: Q1 trends in DDM Digital revenue - Management noted that Q1 faced tough comparisons and a decline in core traffic, but March showed solid growth in digital advertising [30][32] Question: DDM cash flow dynamics - Management explained that DDM can dividend cash to IAC if leverage ratios are below four times total debt to EBITDA, enhancing financial flexibility [43] Question: Appointment of Jim Lawson as President of Decipher - Management expressed excitement about Jim Lawson's appointment, emphasizing his experience and the potential for Decipher Plus to drive growth [46][48] Question: Impact of Google phasing out cookies - Management indicated that the cookie phase-out is not a significant concern, as their contextual targeting capabilities remain strong [58][60] Question: Strategic priorities for Care.com - Management outlined three core priorities for Care: improving product matching, optimizing pricing and packaging, and enhancing marketing efforts [100][104]