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SEGG Media Closes $61M Veloce Acquisition, Adds $20M+ in Annual Revenue and Strengthens Revenue Base
Globenewswire· 2026-02-17 18:58
A Media Snippet accompanying this announcement is available by clicking on this link. FORT WORTH, Texas, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Sports Entertainment Gaming Global Corporation (NASDAQ: SEGG, LTRYW) (the “Company” or “SEGG Media”) today announces the successful completion of its previously disclosed acquisition of a controlling interest in Veloce Media Group (“Veloce”), a leading global sports, gaming, and digital media platform. The acquisition, which values Veloce at approximately $61 million (£ ...
Morgan Stanley and Jefferies Stay Positive on Alibaba (BABA)
Yahoo Finance· 2026-02-16 12:42
Core Viewpoint - Alibaba Group Holding Limited (NYSE:BABA) is recognized as one of the leading AI stocks experiencing significant growth, with positive ratings from major financial institutions like Morgan Stanley and Jefferies [1][3]. Group 1: Analyst Ratings and Price Targets - Morgan Stanley has reiterated its Overweight rating on Alibaba with a price target of $180, highlighting the strong growth potential of the company's Qwen AI assistant [1]. - Jefferies has also maintained a Buy rating on Alibaba, setting a higher price target of $225, based on expectations that the company's Cloud business will capture a significant share of the growing AI cloud revenue market [3]. Group 2: Growth Potential and Challenges - Morgan Stanley believes that Qwen could evolve into an "all-in-one AI superapp and life assistant," which may enhance Alibaba's share price and revenue growth in its cloud business [2]. - However, the firm cautions that increased marketing expenditures to drive user adoption could result in substantial losses in other segments, estimating these losses could reach approximately CNY 7 billion in the fiscal third quarter [2]. Group 3: Industry Context - Alibaba is positioned as a major player in various sectors, including e-commerce, retail, AI, digital media and entertainment, cloud services, and technology [4]. - The growing adoption of AI and opportunities for AI agents are expected to bolster demand for Alibaba's cloud services, contributing to its market share growth anticipated by 2026 [3].
SEGG Media Unlocks $20M+ in Annual Revenue by Finalizing Terms to Secure Controlling Interest in Veloce Media Group
Globenewswire· 2026-02-13 17:10
Transaction Closing Date Set for Next Tuesday, February 17FORT WORTH, Texas, Feb. 13, 2026 (GLOBE NEWSWIRE) -- Sports Entertainment Gaming Global Corporation (NASDAQ: SEGG, LTRYW) (the “Company” or “SEGG Media”), the global sports, entertainment, and gaming group, today announced that it has agreed to binding terms to acquire at least a majority interest in Veloce Media Group ("Veloce"), one of the fastest-growing and market leading platforms operating at the intersection of sport, gaming and digital media. ...
Rumble App Now Includes Rumble Shorts on Android Following Google Approval
Globenewswire· 2026-02-13 13:00
LONGBOAT KEY, FL, Feb. 13, 2026 (GLOBE NEWSWIRE) -- Rumble Inc. (NASDAQ: RUM), the Freedom-First technology platform, announced that Rumble Shorts has been approved by Google Play. Android users are now able to download or update their Rumble apps to experience Rumble Shorts. Last week, Rumble announced the debut of Rumble Shorts on the web at rumble.com/shorts. The final phase of the roll out will take place next week when the company expects to submit Shorts to the Apple App Store for approval. “The feedb ...
Exclusive: Texas unveils official bullion program and gold bills
KITCO· 2026-02-11 21:44
Core Insights - Jeremy Szafron has joined Kitco News as an anchor and producer, bringing extensive experience in journalism with a focus on finance and commodities [1][5] Group 1: Career Background - Jeremy began his journalism career in 2006 at CTV, initially covering 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] Group 2: Notable Achievements - A significant milestone in Jeremy's career was his coverage of the 2010 Vancouver Olympic Games, where he highlighted the Olympic community and hosted segments from various Country Houses [3] - He developed an online video news program for PressReader, which is a digital newsstand featuring 8,000 newspaper and magazine editions in 60 languages from over 120 countries [3] Group 3: Entrepreneurial Ventures - In 2012, Jeremy launched The Green Scene Podcast, quickly amassing over 400,000 subscribers and establishing himself 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-caps [4] Group 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]
Lee Enterprises(LEE) - 2026 Q1 - Earnings Call Transcript
2026-02-10 16:02
Financial Data and Key Metrics Changes - Adjusted EBITDA grew 61% year-over-year to $12 million, driven by consistent execution and disciplined cost management [3][10] - Total cash costs declined by $17 million over the prior year, contributing to improved operating efficiency [11][12] - Adjusted EBITDA margin improved to 9.4% from 5.3% in the prior year [12] Business Line Data and Key Metrics Changes - Digital subscription revenue reached $23 million from 609,000 digital-only subscribers, reflecting a 5% growth [10] - Total digital revenue for Q1 was over $70 million, representing over 54% of total revenue, with digital sources accounting for 71% of total advertising revenue [11][15] - Digital revenue mix improved by 330 basis points year-over-year [11] Market Data and Key Metrics Changes - Company operates in 72 markets across the U.S., providing high-quality local news and advertising [8] - Digital subscription revenue has grown significantly, more than doubling that of the nearest competitor over the past three years [14] Company Strategy and Development Direction - The company is focused on a three-pillar digital growth strategy, transitioning to a digital-first company [3][4] - A $50 million equity investment was completed to strengthen the balance sheet and improve liquidity, with plans for future deleveraging [3][5] - The goal is to reach $450 million in digital revenue by 2030, with a trajectory towards approximately 90% digital revenue by fiscal 2030 [4][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving mid-single-digit Adjusted EBITDA growth for fiscal 2026, supported by strong first-quarter results [19] - The amended credit agreement is expected to generate approximately $18 million in annual interest savings, enhancing financial flexibility [17][18] - The company aims to continue building on digital revenue growth while managing declining legacy revenue streams [16] Other Important Information - A strategic partnership with Hudl was announced, aimed at enhancing local sports coverage and community engagement [20][21] - The company has identified $26 million in non-core assets for potential monetization to contribute to future debt reduction [18] Q&A Session Summary - No questions were received from web participants during the Q&A session [22][23]
Lee Enterprises(LEE) - 2026 Q1 - Earnings Call Transcript
2026-02-10 16:02
Financial Data and Key Metrics Changes - Adjusted EBITDA grew 61% year-over-year to $12 million, driven by consistent execution and disciplined cost management [3][10] - Total cash costs declined by $17 million over the prior year, contributing to improved operating efficiency [11] - Adjusted EBITDA margin improved to 9.4% from 5.3% in the prior year [12] Business Line Data and Key Metrics Changes - Digital subscription revenue reached $23 million from 609,000 digital-only subscribers, reflecting a 5% growth [10] - Total digital revenue for Q1 was over $70 million, representing over 54% of total revenue, with a 330 basis points year-over-year improvement in digital revenue mix [11] - Revenue from the Amplified Digital Agency grew at a 5% annual rate over the last three years, indicating strong digital advertising growth [14][15] Market Data and Key Metrics Changes - The company operates in 72 markets across the U.S., positioning itself as a leading provider of local news and advertising [8] - Digital revenue is projected to reach approximately 90% of total revenue by fiscal 2030, reflecting a significant shift from print to digital [15][16] Company Strategy and Development Direction - The company is focused on a three-pillar digital growth strategy, emphasizing digital subscription growth and digital advertising [4][5] - A recent $50 million equity investment has strengthened the balance sheet and improved liquidity, allowing for future investments in digital transformation [3][6] - The company aims to enhance operational efficiency while reducing legacy costs, positioning itself for sustainable long-term growth [17] Management's Comments on Operating Environment and Future Outlook - Management reaffirmed the outlook for fiscal 2026, expecting mid-single digits Adjusted EBITDA growth [19] - The partnership with Hudl is expected to enhance local sports coverage and community engagement, aligning with the company's mission [20] - Management expressed confidence in the company's ability to achieve long-term sustainability through digital revenue growth and effective cost management [16][24] Other Important Information - The company has identified $26 million in non-core assets for potential monetization, contributing to future debt reduction [18] - The termination of the defined benefit pension plan has eliminated future cost uncertainties [18] Q&A Session Summary - No questions were received from web participants during the Q&A session [22][23]
Lee Enterprises(LEE) - 2026 Q1 - Earnings Call Transcript
2026-02-10 16:00
Financial Data and Key Metrics Changes - Adjusted EBITDA grew 61% year-over-year to $12 million, driven by consistent execution and disciplined cost management [3][10] - Total cash costs declined by $17 million over the prior year, reflecting improved operating efficiency [11][12] - Adjusted EBITDA margin improved to 9.4% from 5.3% in the prior year [12] Business Line Data and Key Metrics Changes - Digital subscription revenue reached $23 million from 609,000 digital-only subscribers, with a 5% growth fueled by engagement and pricing optimization [10] - Total digital revenue for Q1 was over $70 million, representing over 54% of total revenue, with a digital revenue mix improvement of 330 basis points year-over-year [11] - Revenue from the Amplified Digital Agency grew at a 5% annual rate over the last three years, indicating strong digital advertising growth [14] Market Data and Key Metrics Changes - The company operates in 72 markets across the U.S., providing high-quality local news and advertising [8] - Digital revenue is projected to reach approximately 90% by fiscal 2030, reflecting a significant shift from print to digital [14][15] Company Strategy and Development Direction - The company is focused on a three-pillar digital growth strategy, emphasizing digital subscription growth and digital advertising [4][8] - A recent $50 million equity investment strengthens the balance sheet and improves liquidity, supporting future digital transformation projects [3][5] - The amended credit agreement reduces the interest rate on outstanding debt from 9% to 5%, expected to generate approximately $18 million in annual interest savings [7][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving mid-single-digit Adjusted EBITDA growth for fiscal 2026, supported by strong first-quarter results [18] - The partnership with Hudl aims to enhance local sports coverage and community engagement, aligning with the company's mission [18][19] Other Important Information - The company has identified $26 million in non-core assets for potential monetization, contributing to future debt reduction [17] - The termination of the defined benefit pension plan eliminates future cost uncertainty [17] Q&A Session Summary - No questions were received from web participants during the Q&A session [21]
Getty Images Holdings, Inc. (GETY) Continues to Expand Global Content Network
Yahoo Finance· 2026-02-09 14:11
Core Insights - Getty Images Holdings Inc (NYSE:GETY) is recognized as a promising penny stock, particularly following its strategic partnership extensions with Agence France-Presse and Formula 1, enhancing its global content distribution capabilities [1][3]. Group 1: Strategic Partnerships - Getty Images has extended its partnership with Agence France-Presse, which will enhance coverage of news, sports, and entertainment events globally [1][2]. - The partnership utilizes Getty's extensive network of photographers, which includes 450 photographers across 151 countries, ensuring a wide distribution of high-quality images [2]. - The company has also renewed a multi-year agreement with Formula 1, continuing its role as the official photographic agency for various racing series, including Formula 1, Formula 2, Formula 3, F1 Academy, and Porsche Supercup [3]. Group 2: Company Overview - Getty Images Holdings, Inc. is a leading global digital media company that licenses stock photos, editorial images, videos, and music to various businesses and media outlets [4]. - The company operates through brands like iStock and Unsplash, offering over 477 million assets for advertising, news, and corporate use [4].
TNL Mediagene Targets EBITDA Break-Even in 2026 and Positive EBITDA in 2027-Company outlines path driven by technology business growth and cost reductions
Prnewswire· 2026-02-06 13:19
Core Insights - TNL Mediagene aims to achieve EBITDA break-even in fiscal year 2026 and positive EBITDA in fiscal year 2027 through growth in technology business revenue and cost reductions [1][2][4] Financial Projections - For fiscal year 2025, TNL Mediagene expects approximately $49.1 million in revenue and $17.8 million in gross profit [2] - The company plans to reach EBITDA break-even in fiscal year 2026, driven by revenue growth in its technology business and operational cost reductions [2][3] Strategic Focus - The company intends to achieve positive EBITDA in fiscal year 2027 through organic growth of core businesses, new product development, and disciplined strategic acquisitions [3][4] - TNL Mediagene is focused on building a more efficient and scalable organization to support its financial goals [4] Company Overview - TNL Mediagene operates multi-language news, lifestyle, and tech brands across Asia, providing AI-driven advertising, data analytics, e-commerce, and marketing technology solutions [1][5] - The company has approximately 500 employees and maintains offices in Japan and Taiwan, emphasizing political neutrality and high-quality content [5]