SM Energy Company (SM) Q1 2025 Earnings Call May 01, 2025 04:15 PM ET Company Participants Patrick Lytle - Senior VP - FinanceHerbert Vogel - President & CEOBeth McDonald - EVP & COOA. Wade Pursell - EVP & CFO Patrick Lytle Good afternoon. This is Pat Lytle, Senior Vice President of Finance. Welcome to SM Energy's First Quarter twenty twenty five Financial and Operating Results Webcast. Before we get started on our prepared remarks, I remind you that our discussion today will include forward looking stateme ...

GoDaddy (GDDY) Q1 2025 Earnings Call May 01, 2025 05:00 PM ET Company Participants Christie Masoner - VP of Investor RelationsAman Bhutani - CEOMark McCaffrey - CFOYgal Arounian - Director - Internet Equity ResearchAlec Brondolo - Director - Equity ResearchJosh Beck - Managing DirectorAlex Lavigne - Equity Research AssociateRobert Coolbrith - Vice President, Internet Equity ResearchNaved Khan - Managing Director - Equity Research Conference Call Participants Elizabeth Porter - AnalystVikram Kesavabhotla - S ...

Roku (ROKU) Q1 2025 Earnings Call May 01, 2025 05:00 PM ET Speaker0 be advised today's conference is being recorded. I would now like to turn the conference over to your speaker today, Conrad Grodd, Vice President, Investor Relations. Please go ahead. Speaker1 Thank you, operator. Welcome to Roku's first quarter twenty twenty five earnings call. On today's call are Anthony Wood, Roku's Founder and CEO Dan Jeddah, our CFO Charlie Collier, president, Roku Media and Mustafa Oskin, president, devices. Our full ...

Financial Data and Key Metrics Changes - Twilio reported Q1 revenue of $1,172,000,000, representing a 12% year-over-year increase, marking the third consecutive quarter of double-digit revenue growth [6][18] - Non-GAAP income from operations reached a record $213,000,000, up 34% year-over-year, with a non-GAAP operating margin of 18.2%, an increase of 300 basis points year-over-year [21][22] - Free cash flow for the quarter was $178,000,000, despite a $122,000,000 payment related to annual cash bonuses [22][23] Business Line Data and Key Metrics Changes - Revenue from the Communications business was $1,097,000,000, up 13% year-over-year, driven by growth in messaging both in the U.S. and internationally [18][19] - Segment revenue was $76,000,000, reflecting a 1% year-over-year increase, with improvements in leading indicator metrics such as AE productivity and win rates [19] - The dollar-based net expansion rate for the Communications segment was 108%, while for Segment it was 94% [20] Market Data and Key Metrics Changes - All top five verticals, including financial services, tech, professional services, retail, and e-commerce, experienced growth in Q1 [32] - The company noted strong international messaging growth, which is a focus area for expansion [20][61] Company Strategy and Development Direction - Twilio is focused on innovation, particularly in AI-driven products, and aims to enhance customer relationships through its platform [9][10] - The company is leveraging partnerships, such as with Eleven Labs, to enhance its AI voice capabilities [10][11] - Twilio is committed to returning 50% of its annual free cash flow to shareholders from 2025 through 2027, with a $2,000,000,000 share repurchase program authorized [23] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about Q2 and the remainder of the year, despite acknowledging a dynamic macro environment [8][25] - There have been no notable adverse impacts on the business through April, but the company is monitoring the situation closely [8][25] - The guidance for Q2 revenue is set at $1,180,000,000 to $1,190,000,000, representing year-over-year growth of 9% to 10% [26] Other Important Information - Twilio was recognized as a leader in the IDC MarketScape for CPaaS and by Omnia for its CDP universe leadership [12] - The company is hosting its user conference, SIGNAL, to share more innovations and partnerships [12] Q&A Session Summary Question: Drivers of upside to growth in the Communications segment - Management noted broad strength across the business, particularly in messaging, with all top five verticals growing [31][32] Question: Resurgence in voice driven by generative AI - Management highlighted increased interest in voice capabilities, particularly in customer care applications, and noted higher ROI for customers using multiple products [36][39] Question: Multi-product adoption and international market attractiveness - Management indicated broad adoption of multiple products, with significant growth in advanced features and ISV relationships expanding internationally [45][46] Question: Impact of macro dynamics on customer momentum - Management stated that they are not seeing any slowdown in customer acquisition or transactional volumes, monitoring the situation closely [79][80] Question: Gross margin headwinds - Management explained that lower gross margins were due to non-recurring hosting credits and a higher mix of international messaging, which is a growth priority [60][61] Question: RCS messaging support - Management expressed cautious optimism about RCS messaging, noting that broad carrier support is still developing [68] Question: Free cash flow expectations - Management increased the free cash flow guidance for the year to $850,000,000 to $875,000,000, with expectations for Q2 to align with non-GAAP income guidance [71][72] Question: Customer growth drivers - Management attributed customer growth to self-service channel acceleration and increased demand for voice-enabled applications [77][78] Question: Coopetition in the segment strategy - Management indicated that coopetition is not expected to disrupt their strategy significantly, focusing on providing compelling solutions [83][84]

Financial Data and Key Metrics Changes - Q2 revenue was $370 million, in line with the midpoint of guidance and up 1% year over year [17] - Licensing revenue was $346 million, up 2% year over year, while products and services revenue was $24 million, down 10% year over year [17] - Non-GAAP earnings per diluted share were $1.34, up 5% year over year, at the high end of guidance [19] - The company generated $175 million in operating cash flow and finished the quarter with $701 million in cash and investments [19] Business Line Data and Key Metrics Changes - Broadcast revenue declined by 11% year over year, while PC revenue increased by 17% year over year [18] - The company expects strong growth in mobile and other markets, with broadcast and PC to be flat and consumer electronics down mid-single digits for the full year [18] Market Data and Key Metrics Changes - Automotive is increasingly important, with new partnerships announced, including Porsche and Cadillac integrating Dolby Atmos into their vehicles [8] - In mobile, Dolby is expanding its presence in the Android ecosystem and has added new partners in China, including Xiaohongshu and Kuaishou [10] Company Strategy and Development Direction - The company is focused on long-term growth through strong engagement with content creators, distributors, and OEM partners [7] - Dolby aims to expand its technologies into more devices and content, particularly in the automotive and mobile sectors [11][12] Management's Comments on Operating Environment and Future Outlook - Management noted significant uncertainty in the macroeconomic environment, leading to a revision of the revenue range for the year to $1.31 billion to $1.38 billion [6] - The company is prepared to operate across a wide range of scenarios and remains focused on controllable factors that drive long-term growth [14][26] Other Important Information - The company declared a dividend of $0.33, up 10% from the previous year [19] - True-ups for Q2 were approximately $1 million [44] Q&A Session Summary Question: OEM partners' capacity in lower tariff regions - Management indicated that the ability to increase capacity varies by end market, with Mexico being a significant manufacturing location exempt from tariffs [28] Question: Clarification on U.S. sales impact - Approximately 25% of licensing revenue from consumer device shipments is from products sold in the U.S. [32][33] Question: Economic environment's impact on OpEx - Management stated they are focused on long-term value and are not making quick changes to operating plans but will adjust if necessary [40][41] Question: Tipping point for Atmos Music in cars - Management believes momentum is strong and they are working towards getting Dolby Atmos into high-volume mainstream models [42][43] Question: Tariff exposure on products and services - The impact of tariffs on the products business is fairly small, as most products are shipped to non-U.S. markets [50]

Motorola Solutions (MSI) Q1 2025 Earnings Call May 01, 2025 05:00 PM ET Company Participants Tim Yocum - Vice President-Investor RelationsGreg Brown - Chairman and Chief Executive OfficerJason Winkler - Executive VP & CFOAlyssa Shreves - Vice President - Equity ResearchJoseph Cardoso - Vice President, Equity ResearchJamie Reynolds - Senior Equity Research AssociateMahesh Saptharishi - Executive VP & CTOJack Molloy - Executive Vice President and Chief Operating OfficerTomer Zilberman - Equity Research Associ ...

Financial Data and Key Metrics Changes - For Q1 2025, total revenues were $380.6 million, down from $404.3 million in Q1 2024, representing a decrease of 5.6% year over year [18] - Residential data revenues decreased by $10.7 million or 4.5% year over year, with residential data subscribers and ARPU both declining by 1.1% [18] - Net income for Q1 2025 was $2.6 million, compared to $37.4 million in Q1 2024, driven by lower income from operations and increased non-cash equity method accounting loss [20] - Adjusted EBITDA was $203 million in Q1 2025, representing a 53.3% margin, compared to $217 million and a 53.7% margin in Q1 2024 [20] - Capital expenditures were $71.1 million, an increase of $5.2 million or 8% from Q1 2024 [20] Business Line Data and Key Metrics Changes - Business data revenues grew by 1.2% compared to Q1 2024, with strong performance in carrier and enterprise fiber businesses [19] - Residential video revenues decreased by $9.6 million or 15.8% year over year, driven by losses in video subscribers [19] Market Data and Key Metrics Changes - The company reported a churn rate that remained historically low, despite unusual churn events in Q1 2025 [7][8] - The company is experiencing competitive pressure from mobile operators in nearly all markets, which has not changed significantly [57] Company Strategy and Development Direction - The company is executing a multiyear plan aimed at achieving sustained profitable growth in a competitive environment [5] - A revised capital allocation strategy has been implemented, including the suspension of the quarterly cash dividend to accelerate debt repayment and invest in organic growth initiatives [17][22] - New product offerings such as FlexConnect and Internet Lift are being piloted to attract value-conscious customers and drive growth [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in returning to broadband revenue growth in 2025, despite a slow start in Q1 [36] - The company is focused on improving customer acquisition and retention through enhanced strategies and new product offerings [9][12] - Management highlighted the importance of a disciplined and strategic approach to customer engagement and retention [46] Other Important Information - The company has a debt balance of approximately $3.6 billion, with a weighted average cost of debt at 3.9% [24] - The company plans to maintain a balanced approach to capital allocation while focusing on long-term growth initiatives [22] Q&A Session Summary Question: What led to the decision to eliminate the dividend? - Management clarified that the decision was based on capital allocation strategies and not due to any going concern or debt covenant issues [31] Question: When can the company expect to see broadband subscriber growth? - Management indicated that while they cannot specify an exact timeline, they believe they will deliver broadband revenue growth in 2025 [36] Question: What were the unusual churn events in the quarter? - Management explained that the unusual churn was due to several factors, including billing migration activities and weather-related events [43] Question: What is the ARPU for the new products FlexConnect and Lyft? - Management stated that while they cannot provide specific ARPU figures yet, they are seeing positive trends in customer satisfaction and data usage for these products [55]

Financial Data and Key Metrics Changes - Live Nation reported a 12% year-on-year increase in revenue from Live Nation concerts through Ticketmaster, while overall concerts were up 4% [5][6] - Deferred revenue for Ticketmaster increased by 13% for the quarter, indicating potential future revenue growth [7][10] - The company experienced a headwind from foreign exchange (FX) impacts, with Ticketmaster absorbing about 60% of this headwind in Q1 [9] Business Line Data and Key Metrics Changes - Live Nation concerts showed strong growth, while other promoters saw a 2% decline and non-concert activities dropped by 9% [6] - The company noted a later timing of sales, with more concert activity expected in the second half of the year [8] Market Data and Key Metrics Changes - The company has not observed any consumer pullback in demand across various genres, with significant ticket sales reported in April [12][13] - Sponsorship business is up over 80% contracted for the year, indicating strong demand from brands [14] Company Strategy and Development Direction - Live Nation is focusing on expanding its Venue Nation venues, with four expected to open by the end of the year, contributing to future revenue growth [31][62] - The acquisition of Hayashi in Japan is seen as a strategic move to enhance operations in a key market, allowing direct promotion in Japan [25][27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the concert segment's performance for the full year, expecting margins to remain consistent with the previous year [22][62] - The company is actively monitoring consumer demand and is prepared to adjust costs if necessary, although no immediate concerns were noted [18][19] Other Important Information - The company is implementing more price tiers across venues to enhance affordability and maximize ticket sales [64][66] - Management highlighted ongoing efforts to combat scalping and improve pricing transparency in the ticketing market [55][56] Q&A Session Summary Question: Insights on Ticketmaster results and future expectations - Management noted that lower activity in non-concert segments impacted overall results, but deferred revenue growth indicates potential for improvement [4][10] Question: Consumer demand and potential pullback - Management has not seen any signs of consumer pullback and reported strong ticket sales across various events [12][13] Question: Concert margins and expectations for Q4 - Management expects concert margins to remain flat for 2025, driven by scale and volume growth [21][22] Question: Acquisition of Hayashi and its strategic importance - The acquisition is crucial for expanding operations in Japan, a significant music market, allowing for direct promotion [25][27] Question: Venue Nation growth and impact on margins - Management anticipates double-digit growth in fan count at Venue Nation venues, contributing positively to margins [31][62] Question: Pricing model and secondary ticketing market - Management discussed the importance of pricing strategies to balance affordability and revenue optimization, while also addressing the secondary market dynamics [44][55]

LendingTree (TREE) Q1 2025 Earnings Call May 01, 2025 05:00 PM ET Speaker0 Good day and thank you for standing by. Welcome to the LendingTree, Inc. First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. You will need to press 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press 11 again. Ple ...

Maplebear (CART) Q1 2025 Earnings Call May 01, 2025 05:00 PM ET Speaker0 Good day, and thank you for standing by. Welcome to Instacart's First Quarter twenty twenty five Financial Results Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. Please Please be advised that today's conference is being recorded. I would now like to hand the conference over to Rebecca Yoshiyama, VP of Investor Relations, Capital M ...