Core Insights - AI-Media Technologies Limited has formed a groundbreaking partnership with Lightning International to enhance accessibility and monetization opportunities for FAST platforms globally [1][2][3] Group 1: Partnership Overview - The collaboration aims to break barriers and bring engaging entertainment to audiences worldwide while transforming the distribution and monetization of premium content in diverse markets [1] - AI-Media's solutions, LEXI and LEXI Translate, enable real-time localization and embedding of subtitles in over 50 languages, expanding audience reach beyond English-speaking markets [2][3] Group 2: Benefits to FAST Platforms - The partnership addresses key challenges in providing superior localized content to global audiences, allowing viewers to enjoy various genres without language barriers [2] - AI-Media's CEO, Tony Abrahams, emphasized that this collaboration is a game-changer for the FAST industry, helping platforms expand their audience and increase revenue [2] Group 3: Operational Mechanism - AI-Media's Alta and LEXI Translate solutions provide seamless integration of real-time transcription and translation into linear channel content, ensuring an efficient and cost-effective workflow [3] - Lightning International's CEO, James Ross, highlighted that this partnership sets a new standard for localization in the FAST industry, enabling access to diverse content for all viewers [3] Group 4: Company Background - AI-Media, established in 2003, is a global leader in AI-driven real-time speech translation, subtitles, and accessibility solutions, with innovations like LEXI Voice enhancing live content understanding [4][5] - The company's solutions cater to the growing demand for subtitles among millennials and Gen Z, with 87% of viewers finding subtitles helpful for content consumption [4] Group 5: Lightning International Overview - Lightning International focuses on creating and distributing television channels and programs, having launched over 15 FAST channels available on multiple platforms globally [6] - The company has been a member of AsiaSat since 2023, enhancing its capabilities in the content distribution landscape [6]

Core Insights - AI-Media Technologies Limited has partnered with Lightning International to enhance accessibility and localization for Free Ad-Supported Television (FAST) channels, aiming to transform content distribution and monetization globally [1][4][11] Group 1: Partnership Overview - The collaboration seeks to break down barriers in entertainment access, allowing for premium content to reach a global audience [1][4] - AI-Media's LEXI and LEXI Translate solutions will provide real-time localization in over 50 languages, making content accessible to diverse viewers [2][11] Group 2: Benefits for FAST Platforms - The partnership enables channels previously limited to English-speaking markets to expand their reach by offering live-translated captions in multiple languages, thus opening new distribution channels [3][11] - Increased engagement and viewership are anticipated as captions enhance viewer retention and ad opportunities on FAST platforms [11] Group 3: Technological Implementation - AI-Media's Alta and LEXI Translate solutions integrate real-time transcription and translation into the linear channel feed, ensuring a cost-effective and reliable workflow [5][11] - The launch of LEXI Voice will provide real-time alternate-language audio tracks, enhancing accessibility for visually impaired audiences [6][11] Group 4: Market Impact - The partnership is expected to create new revenue streams by breaking down language barriers, allowing content owners to tap into previously inaccessible markets [11] - AI-Media's AI-powered solutions offer scalable localization at a fraction of the cost compared to traditional methods, with reduced latency and increased reliability [11]

Core Insights - AI-Media is participating in two major industry events in Asia: KOBA 2025 in Seoul and Broadcast Asia 2025 in Singapore, showcasing its AI-powered language solutions [1][2][3] Group 1: Company Innovations - AI-Media is introducing LEXI Voice, a real-time multilingual voice translation technology that allows broadcasters and event producers to engage diverse audiences without the need for human interpretation, offering translation into over 100 languages [4][7] - LEXI Voice can reduce live translation costs by up to 90%, making multilingual delivery commercially viable for many customers [5][7] - The company’s technology will provide live captions at Broadcast Asia 2025, ensuring accessibility for global audiences [3][6] Group 2: Market Engagement - AI-Media is collaborating with BS Systems at KOBA 2025 to demonstrate advancements in AI captioning and multilingual translation technology [2][4] - The company aims to empower broadcasters and content creators across Asia by showcasing its solutions that enhance global accessibility and engagement [2][7] - AI-Media's end-to-end ecosystem, including products like iCap, LEXI, and Encoder Pro, is designed to deliver unmatched automation and scalability, replacing legacy human workflows [8]

Financial Data and Key Metrics Changes - Q1 revenue grew by 6%, exceeding guidance, with all three technologies contributing to growth [12] - GAAP operating earnings were $582 million, representing 23% of sales, an increase from 21.7% in the previous year [12] - Non-GAAP operating earnings rose to $716 million, up 12% year-over-year, with a non-GAAP operating margin of 28.3%, an increase of 160 basis points [12] - GAAP earnings per share (EPS) was $2.53, up from a loss of $0.23 in the prior year [12] - Non-GAAP EPS increased by 13% to $3.18 from $2.81 last year [12] - Operating cash flow for Q1 was $510 million, up $128 million year-over-year, while free cash flow was $473 million, an increase of $137 million [13] Business Line Data and Key Metrics Changes - Software and Services revenue increased by 9%, driven by strong adoption of software applications and LMR services [9] - Products and SI sales grew by 4%, with significant operating margin expansion due to higher-tier public safety devices and lower material costs [10] - In Products and SI, operating earnings were $434 million, or 28.1% of sales, up from 24.8% in the prior year [15] - Software and Services operating earnings were $282 million, or 28.7% of sales, down from 29.8% last year, primarily due to acquisitions [16] Market Data and Key Metrics Changes - North America Q1 revenue was $1.9 billion, up 9% across all technologies [16] - International Q1 revenue was $676 million, down 3% year-over-year, affected by foreign currency headwinds and lower LMR revenue from Ukraine [16] - Ending backlog for Q1 was $14.1 billion, down 2% year-over-year, driven by strong LMR shipments and revenue recognition [18] Company Strategy and Development Direction - The company is focused on expanding its public safety ecosystem with new products and solutions, including the recent acquisitions of RapidDeploy and Theatro [10] - Investments in video and software are expected to drive meaningful revenue growth, with a strong pipeline of new opportunities [23] - The launch of SVX and Assist technologies aims to transform public safety operations by integrating voice, video, and AI capabilities [24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning, noting that customers continue to prioritize investments in safety and security [11] - The company expects strong revenue, earnings, and cash flow growth for the year, despite challenges from tariffs [11] - For Q2, sales growth is expected to be approximately 4%, with full-year revenue growth projected at 5.5% [19] Other Important Information - The company reaffirmed its full-year guidance despite anticipated tariff-related costs of up to $100 million [20] - The balance sheet remains strong, with $1.6 billion in cash on hand and a renewed $2.25 billion revolving credit facility [22] Q&A Session Summary Question: Can you walk us through the video product revenue performance in the quarter? - Video revenue grew nicely, with software leading that growth, and the cloud video offer, Alta, performing well [30][31] Question: Are you seeing any change in customer behavior due to tariff uncertainty? - There has been no noticeable change in customer behavior, and the company is proactively managing tariff impacts through dual sourcing and cost controls [34][35] Question: Can you comment on demand trends and the impact of foreign exchange? - Demand remains strong, with record orders in North America, and the company is cautious about FX impacts due to market volatility [40][41] Question: What are the early demand signals for the new SVX product? - There is high interest from customers, with some planning to upgrade to the APEX NEXT family of radios after seeing the SVX demonstration [50] Question: How is the company positioned regarding federal customers and defense spending? - Demand in the federal market remains strong, with expectations for increased spending on public safety technology [63][64] Question: What are the expectations for state budgets as they enter the new fiscal year? - State and local budgets are looking good, with public safety technology continuing to be prioritized [89][90]