Turtle Beach (HEAR) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Jacques Cornet - PartnerCris Keirn - CEOMark Weinswig - CFO Conference Call Participants Anthony Stoss - AnalystSean McGowan - MD & Senior Research AnalystMartin Yang - Senior AnalystNone - Analyst Operator and welcome to Turtle Beach Q1 twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. A brief question and answer session will follow the formal presentation. As a remin ...

Expensify (EXFY) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Niki Wallroth - Senior Project ManagerRyan Schaffer - CFO & DirectorDavid Barrett - Founder and CEOAaron Kimson - Vice President Conference Call Participants George Kurosawa - Equity Research Analyst Niki Wallroth All the information presented on today's call is unaudited, and during the course of this call, management may make forward looking statements within the meaning of the federal securities laws. These statements ar ...

ZipRecruiter (ZIP) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Emilio Sartori - VP, Finance & Investor RelationsIan Siegel - CEO & Member of the Board of DirectorsDavid Travers - PresidentTimothy Yarbrough - EVP & CFO Conference Call Participants Ralph Schackart - Research Analyst - Technology, Media and CommunicationsJosh Chan - Executive Director - Equity Research AnalystTrevor Young - Analyst Operator Good afternoon, and thank you for standing by. My name is John, and I will be yo ...

Financial Data and Key Metrics Changes - The company generated revenue of $1,269 million, an increase of 4% compared to the previous year [21] - Adjusted EBITDA was $417 million, reflecting a 23% increase, with an adjusted EBITDA margin of 33%, up from 28% in the prior year [21][22] - Free cash flow for the quarter was $136 million, with a conversion rate of adjusted EBITDA at 32% [33] Business Line Data and Key Metrics Changes - UFC segment revenue increased by 15% to $360 million, with adjusted EBITDA rising 17% to $227 million, resulting in an adjusted EBITDA margin of 63% [22][26] - WWE segment revenue grew by 24% to $392 million, with adjusted EBITDA increasing by 38% to $194 million, leading to an adjusted EBITDA margin of 50% [26][28] - IMG segment revenue decreased by 13% to $476 million, with adjusted EBITDA down 10% to $74 million, maintaining an adjusted EBITDA margin of 15% [29] Market Data and Key Metrics Changes - Live Events and Hospitality revenue for UFC increased by 66% to $59 million, driven by higher site fee revenue and ticket sales [24] - WWE's Live Events and Hospitality revenue rose by 52% to $76 million, primarily due to increased ticket sales [26] - Partnerships and marketing revenue for UFC increased by 32% to $64 million, while WWE saw an 86% increase to $26 million [24][27] Company Strategy and Development Direction - The company is focused on integrating newly acquired assets IMG and PBR to drive top-line growth and cost synergies [6][13] - A partnership with the Western Australian government was secured to host five major UFC and WWE events through 2026, indicating a strategic expansion in international markets [8] - The company aims to create value for shareholders through capital return programs and organic investments, including a new boxing promotion [36][37] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the continued strength of live events and partnerships, with no signs of a slowdown in consumer behavior observed [20] - The company raised its full-year guidance, targeting revenue of $4,490 million to $4,560 million and adjusted EBITDA of $1,490 million to $1,530 million, reflecting strong performance in the first quarter [37][38] - Management remains cautious about economic uncertainties but is optimistic about the brand's growth potential [75] Other Important Information - The company completed the acquisition of IMG and PBR, which is accounted for as a merger under common control, impacting financial reporting [16][18] - Corporate allocations from Endeavor for the two months prior to the acquisition amounted to $21.7 million, which will not recur under TKO ownership [31][39] - The company plans to provide more transparency regarding the performance of acquired businesses through updated KPIs [19][85] Q&A Session Summary Question: Update on UFC rights renewal and free cash flow for 2025 - Management is in discussions with various third parties regarding UFC rights, with ESPN still included in the mix [48][49] - Free cash flow conversion rate is expected to exceed 60%, excluding nonrecurring amounts [50][51] Question: Economics of the Canelo announcement and boxing promotion - The new boxing organization will average 12 fights per year, with separate media rights deals and global partnerships [60][62] Question: Outperformance in UFC and WWE - Outperformance was driven by strong live event and global partnership performance, with confidence in continued momentum [72][73] Question: Capital return program pacing - The share repurchase program will be market-driven, with a focus on being opportunistic [76][79] Question: Growth modeling for IMG segment - The company intends to provide more transparency on IMG's growth and profitability, with expectations for increased margins over time [84][85]

Afya (AFYA) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants None - ExecutiveVirgilio Deloy Gibbon - Chief Executive OfficerLuis Andre Blanco - Chief Financial OfficerLucca Generali Marquezini - Equity Research Associate Conference Call Participants Flavio Yoshida - Vice President - Equity Research AnalystMauricio Cepeda - AnalystMarcelo Santos - Equity Analyst None And our CFO, Luis Andre Blanco. During today's presentation, our executives will make forward looking statements. Forward lo ...

Live Ventures (LIVE) Q2 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Greg Powell - Director of Investor RelationsDavid Verret - Chief Financial OfficerJon Isaac - Chairman, President, CEO Conference Call Participants Joseph Kowalski - Analyst Operator Good day, everyone, and welcome to the Live Ventures Fiscal Year Second Quarter twenty twenty five Conference Call. At this time, all participants are in a listen only mode. Later, we'll conduct a question and answer session. Now, I'd like ...

Allbirds (BIRD) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Christine Greany - Managing DirectorJoe Vernachio - CEO, President, Secretary & DirectorAnnie Mitchell - CFOJanine Stitcher - Retail analystAlex Straton - Equity Research Managing Director Conference Call Participants Tom Forte - Managing Director & Senior Consumer Internet AnalystDylan Carden - Research Analyst Operator Ladies and gentlemen, thank you for standing by, and welcome to Allbird's First Quarter twenty twenty fiv ...

Financial Data and Key Metrics Changes - Revenue in Q1 increased by 28.7% year over year, reaching $1.36 billion, while adjusted EBITDA was a record $15.6 million, a significant improvement from a loss of $20.1 million in the previous year [4][20][25] - Total transactions increased by 27.8%, with organic transactions up 7.3%, contrasting with a 2.1% decline in the overall market [4][21] - The company generated $19.5 million in free cash flow, marking a new record for Q1 and an improvement from $5.9 million in the same quarter last year [26] Business Line Data and Key Metrics Changes - The title and escrow business saw strong momentum, with attach rates up 695 basis points year over year [6] - Principal agent retention grew to 96.6%, an increase of 30 basis points year over year, indicating strong agent loyalty [5] Market Data and Key Metrics Changes - Market share increased to 6%, up 125 basis points year over year and 95 basis points from Q4 [22] - Gross transaction value reached $52 billion, reflecting a 30.7% increase from the previous year [22] Company Strategy and Development Direction - The company aims to control organic operating expenses at a growth rate of 3% to 4% annually while expanding its agent base and enhancing agent productivity through its platform [14][15] - The acquisition of Christie's International Real Estate is expected to empower independent brokerages and enhance the company's market presence [6][24] Management's Comments on Operating Environment and Future Outlook - Management noted that the volatility in March was due to market uncertainty related to tariff discussions, but they expect a recovery in transactions as stability returns to the market [20][44] - The company believes that the demand for homes is merely deferred rather than eliminated, anticipating that full-year transactions will align with previous expectations if market stability is maintained [44] Other Important Information - The company completed the acquisition of Christie's International Real Estate on January 13, 2025, which is expected to positively impact financial metrics and operational synergies [24][27] - The weighted average share count for Q1 was 550 million, with an expected increase due to the acquisition-related share issuance [27] Q&A Session Summary Question: What was revenue growth tracking ahead of the disruption in March? - Management indicated that revenue was tracking close to the midpoint of guidance before the March volatility, with April tracking expectations [40] Question: What is the latest with NAR's clear cooperation policy? - Management confirmed that the three-phase marketing strategy complies with NAR's updated policies and emphasizes homeowner choice [50][52] Question: How is the company addressing agent recruitment post-NAR changes? - Management reported strong organic recruitment, with 700 new agents added in Q1, indicating continued demand for the company's value proposition [61] Question: What are the churn trends in the quarter? - Churn was in line with historical levels, with no significant changes noted, and the company added agents instead of experiencing churn from the Christie's acquisition [75] Question: What does success look like for the three-phase marketing strategy? - Success is defined by agents continuing to differentiate themselves, gaining more listings, and achieving better terms for sellers [73][74]

Lyft (LYFT) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Aurelien Nolf - Vice President, FP&A & Investor RelationsDavid Risher - Chief Executive Officer and DirectorErin Brewer - Chief Financial OfficerEric Sheridan - Managing DirectorJeff Seiner - VP, Internet Equity ResearchSteven Fox - Founder & CEO Conference Call Participants Brad Erickson - Equity AnalystKen Gawrelski - AnalystMichael Morton - Senior Research Analyst, Internet (E-commerce & Marketplaces)Nikhil Devnani - AnalystS ...

Mitek Systems (MITK) Q2 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Todd Kehrli - PartnerEd West - CEO & Board MemberDave Lyle - CFODerek Greenberg - Equity Research Associate Conference Call Participants Jake Roberge - Equity Research AnalystLuke Horton - VP - Senior Equity Research Analyst Operator Please note this event is being recorded. I would now like to turn the conference over to Todd Kerley of Pondell Wilkinson. Please go ahead. Todd Kehrli Thank you, operator. Good afternoon ...