Marcus Corporation Reports Second Quarter Fiscal 2025 Results
'It was a strong quarter for Marcus Corporation, with significant growth in revenue, operating income, net earnings and Adjusted EBITDA,' said Gregory S. Marcus, chief executive officer of Marcus Corporation. 'Marcus Theatres led the way, as significant improvements in both the quality and quantity of new films drove marked increases in attendance throughout the quarter. Marcus Hotels & Resorts also performed well as group business continued to grow, particularly at our newly renovated hotels. As we look ahead, we remain confident in the operating strength of both businesses and remain focused on driving performance at every level.'
Second Quarter Fiscal 2025 Highlights
Total revenues for the second quarter of fiscal 2025 were $206.0 million, a 17.0% increase from total revenues of $176.0 million for the second quarter of fiscal 2024.
Operating income was $13.0 million for the second quarter of fiscal 2025, compared to operating income of $2.2 million for the prior year quarter.
Net earnings was $7.3 million for the second quarter of fiscal 2025, compared to net loss of $20.2 million for the same period in fiscal 2024. Net loss for the second quarter of fiscal 2024 was negatively impacted by $15.0 million, or $0.47 per share, of convertible senior notes repurchases. Excluding the impacts of the convertible senior notes repurchases, net loss was $5.2 million for the second quarter of fiscal 2024.
Net earnings per diluted common share was $0.23 for the second quarter of fiscal 2025, compared to net loss per diluted common share of $0.64 for the second quarter of fiscal 2024. Excluding the impacts of the convertible senior notes repurchases, net loss per diluted common share was $0.17 for the second quarter of fiscal 2024.
Adjusted EBITDA was $32.3 million for the second quarter of fiscal 2025, a 46.9% increase from Adjusted EBITDA of $22.0 million for the prior year quarter.
First Half Fiscal 2025 Highlights
Total revenues for the first half of fiscal 2025 were $354.8 million, a 12.8% increase from total revenues of $314.6 million for the first half of fiscal 2024.
Operating loss was $7.4 million for the first half of fiscal 2025, compared to operating loss of $14.4 million for the first half of fiscal 2024.
Net loss was $9.5 million for the first half of fiscal 2025, compared to net loss of $32.1 million for the first half of fiscal 2024. Net loss for the first half of fiscal 2024 was negatively impacted by $15.0 million, or $0.47 per share, of convertible senior notes repurchases. Excluding the impacts of the convertible senior notes repurchases, net loss was $17.1 million for the first half of fiscal 2024.
Net loss per diluted common share was $0.31 for the first half of fiscal 2025, compared to net loss per diluted common share of $1.03 for the first half of fiscal 2024. Excluding the impacts of the convertible senior notes repurchases, net loss per diluted common share was $0.56 for the first half of fiscal 2024.
Adjusted EBITDA was $32.0 million for the first half of fiscal 2025, a 32.0% increase from Adjusted EBITDA of $24.3 million for first half of fiscal 2024.
Marcus Theatres®
Revenues, operating income and Adjusted EBITDA improved significantly in the second quarter of fiscal 2025. Total revenues were $131.7 million, a 29.8% increase compared to the second quarter of fiscal 2024. Operating income was $15.7 million, a $12.9 million increase compared to the second quarter of fiscal 2024. Adjusted EBITDA was $26.5 million, a 76.2% increase from the second quarter of fiscal 2024.
Same store admission revenues for the second quarter of fiscal 2025 increased 29.3%. Same store attendance increased 26.7% in the second quarter of fiscal 2025 with average ticket prices up 2.0% compared to the prior year quarter primarily due to stronger mix of films playing to premium large format screens. Average concession revenues per person increased 3.1% during the second quarter compared to the prior year quarter. During the second quarter of fiscal 2025, Marcus Theatres' top five highest-performing films were A Minecraft Movie, Lilo & Stitch, Sinners, How To Train Your Dragon, and Thunderbolts*.
'The steady cadence of broadly appealing new movies during the second quarter of fiscal 2025 are making it a summer to remember at Marcus Theatres,' said Mark A. Gramz, president of Marcus Theatres. 'The second quarter got off to a great start with the blockbuster successes of A Minecraft Movie, Sinners and Thunderbolts*, followed closely by hit films like Lilo & Stitch and Mission Impossible - The Final Reckoning, which led to a record Memorial Day weekend for Marcus Theatres. June was similarly upbeat, with the rhythm of appealing new releases continuing to bring moviegoers back to the theatre to enjoy more great films. Momentum continued into the start of the third quarter fiscal 2025 with strong performances from Jurassic World Rebirth and Superman, with more exciting film releases planned throughout the rest of summer and remainder of the year.'
Several films have contributed to early fiscal 2025 third quarter results, including: Superman, Jurassic World Rebirth, and The Fantastic Four: First Steps, with a strong film slate scheduled for the remainder of the year, including The Naked Gun, The Bad Guys 2, Freakier Friday, The Conjuring: Last Rites, Downton Abbey: The Grand Finale, Tron: Ares, The Black Phone 2, Mortal Kombat 2, Now You See Me: Now You Don't, Wicked: For Good, Zootopia 2, Five Nights at Freddy's 2, The SpongeBob Movie: Search for SquarePants and Avatar: Fire and Ash.
During the second quarter, Marcus Theatres completed renovations at the Marcus Syracuse Cinema (formerly Movie Tavern Syracuse) in New York and Movie Tavern Trexlertown in Pennsylvania including fully remodeled lobbies, new concession stands and self-serve drink stations, enhanced bar areas with additional screens for sports and special event viewing, and refreshed decor with improved guest flow throughout the buildings. Similar investments in revenue-enhancing amenities were completed in July at Marcus Brannon Crossing Cinema (formerly Movie Tavern Brannon Crossing) in Kentucky.
Marcus® Hotels & Resorts
During the second quarter of fiscal 2025, Marcus Hotels & Resorts reported total revenues before cost reimbursements of $64.6 million, a 1.2% increase over the prior year quarter. Operating income of $4.2 million during the second quarter of fiscal 2025 decreased $1.9 million and was impacted by an increase in depreciation expense of $1.7 million following hotel renovations completed in 2024. Adjusted EBITDA was $11.2 million in the second quarter of fiscal 2025, a 1.8% decrease compared to the prior year quarter. Revenues, operating income and Adjusted EBITDA during the second quarter and first half of fiscal 2025 were negatively impacted by the Hilton Milwaukee renovation.
Revenue per available room, or RevPAR, decreased 2.9% at company-owned hotels during the second quarter of fiscal 2025 compared to the second quarter of fiscal 2024. RevPAR growth was unfavorably impacted by the Hilton Milwaukee renovation, which resulted in some rooms displacement during seasonally higher demand periods due to reduced capacity of available rooms. The renovation of the guest rooms was completed at the end of June 2025, with all guest rooms returned to service at the beginning of the fiscal third quarter.
'We are pleased with our results during the second quarter of fiscal 2025, with total revenues on par with the same period last year despite a large number of rooms out of service during the Hilton Milwaukee renovation,' said Michael R. Evans, president of Marcus Hotels & Resorts. 'All 554 guest rooms are now fully renovated and available as the busy summer and convention seasons continue. While leisure travel is seeing some industry-wide softening, group demand at Marcus Hotels & Resorts remains strong.'
The last phase of extensive renovations at Hilton Milwaukee is underway. The transformation of the hotel's 34,000 square feet of meeting and event spaces as well as its exquisite lobby and bar will be completed by the end of the year.
Fiscal Year Change
Beginning December 27, 2024, the Company's fiscal year changed from a 52-53 week fiscal year ending on the last Thursday of each year to a fiscal year ending on December 31 of each year. Accordingly, beginning in the current year, the Company's quarterly results will be for three-month periods ending March 31, June 30, September 30 and December 31.
Conference Call and Webcast
Marcus Corporation management will hold a conference call today, Friday, August 1, 2025, at 10:00 a.m. Central/11:00 a.m. Eastern time. Interested parties may listen to the call live on the internet through the investor relations section of the company's website: investors.marcuscorp.com, or by dialing 1-404-975-4839 and entering the passcode 862370. Listeners should dial in to the call at least 5-10 minutes prior to the start of the call or should go to the website at least 15 minutes prior to the call to download and install any necessary audio software.
A telephone replay of the conference call will be available through Friday, August 8, 2025, by dialing 1-866-813-9403 and entering passcode 658050. The webcast will be archived on the company's website until its next earnings release.
Non-GAAP Financial Measure
Adjusted EBITDA has been presented in this press release as a supplemental measure of financial performance that is not required by, or presented in accordance with, GAAP. The company defines Adjusted EBITDA as net earnings (loss) attributable to The Marcus Corporation before investment income or loss, interest expense, other expense, gain or loss on disposition of property, equipment and other assets, equity earnings or losses from unconsolidated joint ventures, net earnings or losses attributable to noncontrolling interests, income taxes, depreciation and amortization and non-cash share-based compensation expense, adjusted to eliminate the impact of certain items that the company does not consider indicative of its core operating performance. A reconciliation of this measure to the equivalent measure under GAAP, along with reconciliations of this measure for each of our operating segments, are set forth in the attached table.
Adjusted EBITDA is a key measure used by management and the company's board of directors to assess the company's financial performance and enterprise value. The company believes that Adjusted EBITDA is a useful measure, as it eliminates certain expenses and gains that are not indicative of the company's core operating performance and facilitates a comparison of the company's core operating performance on a consistent basis from period to period. The company also uses Adjusted EBITDA as a basis to determine certain annual cash bonuses and long-term incentive awards, to supplement GAAP measures of performance to evaluate the effectiveness of its business strategies, to make budgeting decisions, and to compare its performance against that of other peer companies using similar measures. Adjusted EBITDA is also used by analysts, investors and other interested parties as a performance measure to evaluate industry competitors.
Adjusted EBITDA is a non-GAAP measure of the company's financial performance and should not be considered as an alternative to net earnings (loss) as a measure of financial performance, or any other performance measure derived in accordance with GAAP and it should not be construed as an inference that the company's future results will be unaffected by unusual or non-recurring items. Additionally, Adjusted EBITDA is not intended to be a measure of liquidity or free cash flow for management's discretionary use. In addition, this non-GAAP measure excludes certain non-recurring and other charges and has its limitations as an analytical tool. You should not consider Adjusted EBITDA in isolation or as a substitute for analysis of the company's results as reported under GAAP. In evaluating Adjusted EBITDA, you should be aware that in the future the company will incur expenses that are the same as or similar to some of the items eliminated in the adjustments made to determine Adjusted EBITDA, such as acquisition expenses, preopening expenses, accelerated depreciation, impairment charges and other adjustments. The company's presentation of Adjusted EBITDA should not be construed to imply that the company's future results will be unaffected by any such adjustments. Definitions and calculations of Adjusted EBITDA differ among companies in our industries, and therefore Adjusted EBITDA disclosed by the company may not be comparable to the measures disclosed by other companies.
About The Marcus Corporation
Headquartered in Milwaukee, Marcus Corporation is a leader in the lodging and entertainment industries, with significant company-owned real estate assets. Marcus Corporation's theatre division, Marcus Theatres®, is the fourth largest theatre circuit in the U.S. and currently owns or operates 985 screens at 78 locations in 17 states under the Marcus Theatres, Movie Tavern® by Marcus and BistroPlex® brands. The company's lodging division, Marcus® Hotels & Resorts, owns and/or manages 16 hotels, resorts and other properties in eight states. For more information, please visit the company's website at www.marcuscorp.com.
Certain matters discussed in this press release are 'forward-looking statements' intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements may generally be identified as such because the context of such statements include words such as we 'believe,' 'anticipate,' 'expect' or words of similar import. Similarly, statements that describe our future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties which may cause results to differ materially from those expected, including, but not limited to, the following: (1) the adverse effects future pandemics or epidemics may have on our theatre and hotels and resorts businesses, results of operations, liquidity, cash flows, financial condition, access to credit markets and ability to service our existing and future indebtedness; (2) the availability, in terms of both quantity and audience appeal, of motion pictures for our theatre division (including disruptions in the production of films due to events such as tariffs or a strike by actors, writers or directors or future pandemics); (3) the effects of theatre industry dynamics such as the maintenance of a suitable window between the date such motion pictures are released in theatres and the date they are released to other distribution channels; (4) the effects of adverse economic conditions in our markets; (5) the effects of adverse economic conditions on our ability to obtain financing on reasonable and acceptable terms, if at all; (6) the effects on our occupancy and room rates caused by the relative industry supply of available rooms at comparable lodging facilities in our markets; (7) the effects of competitive conditions in our markets; (8) our ability to achieve expected benefits and performance from our strategic initiatives and acquisitions; (9) the effects of increasing depreciation expenses, reduced operating profits during major property renovations, impairment losses, and preopening and start-up costs due to the capital intensive nature of our business; (10) the effects of changes in the availability of and cost of labor and other supplies essential to the operation of our business; (11) the effects of tariffs that are implemented or merely threatened on our costs; (12) the effects of weather conditions, particularly during the winter in the Midwest and in our other markets; (13) our ability to identify properties to acquire, develop and/or manage and the continuing availability of funds for such development; (14) the adverse impact on business and consumer spending on travel, leisure and entertainment resulting from terrorist attacks in the United States or other incidents of violence in public venues such as hotels and movie theatres; and (15) a disruption in our business and reputational and economic risks associated with civil securities claims brought by shareholders. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. Our forward-looking statements are based upon our assumptions, which are based upon currently available information. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
THE MARCUS CORPORATION
Consolidated Statements of Operations
(Unaudited)
(in thousands, except per share data)
Three Months Ended
Six Months Ended
June 30,
2025
June 27,
2024
June 30,
2025
June 27,
2024
Revenues:
Theatre admissions
$
62,348
$
48,580
$
103,279
$
89,176
Rooms
29,632
30,496
48,907
48,709
Theatre concessions
57,611
44,417
95,611
79,112
Food and beverage
21,291
19,272
39,120
35,435
Other revenues
24,790
22,534
47,664
42,236
195,672
165,299
334,581
294,668
Cost reimbursements
10,371
10,733
20,228
19,911
Total revenues
206,043
176,032
354,809
314,579
Costs and expenses:
Theatre operations
64,172
52,118
113,842
97,103
Rooms
11,086
11,164
20,992
20,575
Theatre concessions
23,337
18,515
40,788
33,401
Food and beverage
15,656
15,080
30,285
28,943
Advertising and marketing
6,644
6,502
11,888
11,803
Administrative
22,972
22,630
47,688
44,032
Depreciation and amortization
17,603
16,699
35,441
32,714
Rent
6,354
6,496
12,571
12,843
Property taxes
4,328
3,688
8,737
7,619
Other operating expenses
10,332
9,741
20,938
19,611
(Gain) loss on disposition of property, equipment and other assets
181
(43
)
(1,184
)
(20
)
Impairment charges
—
472
—
472
Reimbursed costs
10,371
10,733
20,228
19,911
Total costs and expenses
193,036
173,795
362,214
329,007
Operating income (loss)
13,007
2,237
(7,405
)
(14,428
)
Other income (expense):
Investment income
409
173
483
865
Interest expense
(2,981
)
(2,564
)
(5,803
)
(5,098
)
Other income (expense)
(443
)
(390
)
(887
)
(731
)
Debt conversion expense
—
(13,908
)
—
(13,908
)
Equity earnings (losses) from unconsolidated joint ventures
75
(50
)
(495
)
(437
)
(2,940
)
(16,739
)
(6,702
)
(19,309
)
Earnings (Loss) before income taxes
10,067
(14,502
)
(14,107
)
(33,737
)
Income tax expense (benefit)
2,746
5,719
(4,612
)
(1,650
)
Net earnings (loss)
$
7,321
$
(20,221
)
(9,495
)
(32,087
)
Net earnings (loss) per common share - diluted
$
0.23
$
(0.64
)
$
(0.31
)
$
(1.03
)
Weighted average shares outstanding - diluted
31,431
32,161
31,453
32,027
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THE MARCUS CORPORATION
Condensed Consolidated Balance Sheets
(Unaudited)
(In thousands)
June 30,
2025
December 26,
2024
Assets:
Cash and cash equivalents
$
14,901
$
40,841
Restricted cash
1,798
3,738
Accounts receivable
22,724
21,457
Assets held for sale
—
1,199
Other current assets
21,586
24,915
Property and equipment, net
694,239
685,734
Operating lease right-of-use assets
152,686
159,194
Other assets
108,373
107,450
Total Assets
$
1,016,307
$
1,044,528
Liabilities and Shareholders' Equity:
Accounts payable
$
36,675
$
50,690
Income taxes
1,050
—
Taxes other than income taxes
18,512
18,696
Other current liabilities
71,673
78,806
Current portion of finance lease obligations
2,785
2,591
Current portion of operating lease obligations
16,062
15,765
Current maturities of long-term debt
9,772
10,133
Finance lease obligations
9,572
10,360
Operating lease obligations
156,754
164,776
Long-term debt
170,116
149,007
Deferred income taxes
28,686
32,619
Other long-term obligations
46,232
46,219
Equity
448,418
464,866
Total Liabilities and Shareholders' Equity
$
1,016,307
$
1,044,528
Expand
THE MARCUS CORPORATION
Business Segment Information
(Unaudited)
(In thousands)
Theatres
Hotels/
Resorts
Corporate
Items
Total
Three Months Ended June 30, 2025
Revenues
$
131,650
$
74,282
$
111
$
206,043
Operating income (loss)
15,700
4,194
(6,887
)
13,007
Depreciation and amortization
10,455
6,746
402
17,603
Adjusted EBITDA
26,546
11,226
(5,505
)
32,267
Three Months Ended June 27, 2024
Revenues
$
101,452
$
74,497
$
83
$
176,032
Operating income (loss)
2,781
6,117
(6,661
)
2,237
Depreciation and amortization
11,520
5,048
131
16,699
Adjusted EBITDA
15,069
11,426
(4,535
)
21,960
Six Months Ended June 30, 2025
Revenues
$
219,007
$
135,604
$
198
$
354,809
Operating income (loss)
9,419
(1,850
)
(14,974
)
(7,405
)
Depreciation and amortization
21,161
13,482
798
35,441
Adjusted EBITDA
30,240
12,237
(10,469
)
32,008
Six Months Ended June 27, 2024
Revenues
$
182,722
$
131,694
$
163
$
314,579
Operating income (loss)
(2,958
)
955
(12,425
)
(14,428
)
Depreciation and amortization
22,553
9,912
249
32,714
Adjusted EBITDA
21,225
11,415
(8,389
)
24,251
Expand
Corporate items include amounts not allocable to the business segments. Corporate revenues consist principally of rent and the corporate operating loss includes general corporate expenses. Corporate information technology costs and accounting shared services costs are allocated to the business segments based upon several factors, including actual usage and segment revenues.
Expand
Supplemental Data
(Unaudited)
(In thousands)
Three Months Ended
Six Months Ended
Consolidated
June 30,
2025
June 27,
2024
June 30,
2025
June 27,
2024
Net cash flow provided by (used in) operating activities
$
31,640
$
35,975
$
(3,689
)
$
20,877
Net cash flow provided by (used in) investing activities
(8,766
)
(19,882
)
(31,545
)
(40,640
)
Net cash flow provided by (used in) financing activities
(21,898
)
1,139
7,354
(2,290
)
Capital expenditures
(16,910
)
(19,843
)
(39,915
)
(35,283
)
Expand
THE MARCUS CORPORATION
Reconciliation of Net Earnings (Loss) to Adjusted EBITDA
(Unaudited)
(In thousands)
Three Months Ended
Six Months Ended
June 30,
2025
June 27,
2024
June 30,
2025
June 27,
2024
Net earnings (loss)
$
7,321
$
(20,221
)
$
(9,495
)
$
(32,087
)
Add (deduct):
Investment income
(409
)
(173
)
(483
)
(865
)
Interest expense
2,981
2,564
5,803
5,098
Other expense (income)
443
390
887
731
(Gain) Loss on disposition of property, equipment and other assets
181
(43
)
(1,184
)
(20
)
Equity earnings (losses) from unconsolidated joint ventures
(75
)
50
495
437
Income tax expense (benefit)
2,746
5,719
(4,612
)
(1,650
)
Depreciation and amortization
17,603
16,699
35,441
32,714
Share-based compensation (a)
1,441
2,418
4,986
4,932
Impairment charges (b)
—
472
—
472
Theatre exit costs (c)
—
136
135
136
Insured losses (d)
35
41
35
445
Debt conversion expense (e)
—
13,908
—
13,908
Adjusted EBITDA
$
32,267
$
21,960
$
32,008
$
24,251
Expand
Reconciliation of Operating Income (Loss) to Adjusted EBITDA by Reportable Segment
(Unaudited)
(In thousands)
Three Months Ended June 30, 2025
Six Months Ended June 30, 2025
Theatres
Hotels & Resorts
Corp. Items
Total
Theatres
Hotels & Resorts
Corp. Items
Total
Operating income (loss)
$
15,700
$
4,194
$
(6,887
)
$
13,007
$
9,419
$
(1,850
)
$
(14,974
)
$
(7,405
)
Depreciation and amortization
10,455
6,746
402
17,603
21,161
13,482
798
35,441
(Gain) loss on disposition of property, equipment and other assets
169
12
—
181
(1,193
)
9
—
(1,184
)
Share-based compensation (a)
187
274
980
1,441
683
596
3,707
4,986
Theatre exit costs (c)
—
—
—
—
135
—
—
135
Insured losses (d)
35
—
—
35
35
—
—
35
Adjusted EBITDA
$
26,546
$
11,226
$
(5,505
)
$
32,267
$
30,240
$
12,237
$
(10,469
)
$
32,008
Expand
Three Months Ended June 27, 2024
Six Months Ended June 27, 2024
Theatres
Hotels & Resorts
Corp. Items
Total
Theatres
Hotels & Resorts
Corp. Items
Total
Operating income (loss)
$
2,781
$
6,117
$
(6,661
)
$
2,237
$
(2,958
)
$
955
$
(12,425
)
$
(14,428
)
Depreciation and amortization
11,520
5,048
131
16,699
22,553
9,912
249
32,714
(Gain) loss on disposition of property, equipment and other assets
(45
)
2
—
(43
)
(27
)
7
—
(20
)
Share-based compensation (a)
164
259
1,995
2,418
604
541
3,787
4,932
Impairment charges (b)
472
—
—
472
472
—
—
472
Theatre exit costs (c)
136
—
—
136
136
—
—
136
Insured losses (d)
41
—
—
41
445
—
—
445
Adjusted EBITDA
$
15,069
$
11,426
$
(4,535
)
$
21,960
$
21,225
$
11,415
$
(8,389
)
$
24,251
Expand
(a)
Non-cash expense related to share-based compensation programs.
(b)
Non-cash impairment charges related to one permanently closed theatre location in the second quarter of fiscal 2024.
(c)
Non-recurring costs related to the closure and exit of one theatre location in the first quarter of fiscal 2025 and one theatre location in the second quarter of fiscal 2024.
(d)
Repair costs that are non-operating in nature related to insured property damage at one theatre location.
(e)
Debt conversion expense for repurchases of $86.4 million aggregate principal amount of Convertible Notes. See Convertible Senior Notes Repurchases in the 'Liquidity and Capital Resources' section of MD&A included in the fiscal 2025 second quarter Form 10-Q for further discussion.
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STAMFORD, Conn.--(BUSINESS WIRE)-- Post Road Group, an alternative investment advisory firm focused on private credit and private equity investments in digital infrastructure, real estate, and specialty finance, today announced the final closing of its most recent flagship fund in its Corporate investment strategy, Special Opportunity Fund III ('SOF III'), with $525 million in total capital commitments. Additionally, Post Road held the final closing for Post Road Digital Infrastructure Fund II ('PRDI II') with $500 million of total capital commitments in early June. Post Road's Corporate investment strategy provides flexible growth capital to predominantly lower middle market digital infrastructure, TMT, software, and managed services businesses. SOF III exceeded its $500 million target fund size following strong support from a diverse group of institutional investors including public pension plans, insurance companies, endowments, foundations, and family offices, among others. To date, Post Road has invested in five portfolio companies, representing approximately 45% of total SOF III commitments. The near-term investment pipeline remains robust, with several additional opportunities currently in late-stage diligence. In addition, Post Road closed on $500 million of capital commitments for PRDI II which will exclusively invest growth capital in a data center platform. Post Road believes the secular tailwinds driving growth in the data center market, combined with the company's recently signed contracts and additional near-term opportunities with both hyperscalers and large enterprises, present an attractive opportunity to deploy risk-adjusted capital. 'The digital infrastructure industry continues to evolve, and we believe there are considerable opportunities to deploy capital and serve as a strategic investment partner to companies in support of their growth initiatives,' said Michael Bogdan, Co-Managing Partner of Post Road Group. 'Our mission is to identify, collaborate, and partner with exceptional management teams to help them scale their businesses. We are grateful for the confidence our investors continue to place in us, and we look forward to achieving shared long-term success.' Post Road Group's Corporate investment strategy specializes in making private credit, private equity, and structured equity investments in the digital infrastructure, telecommunications, media, software, and business service industries, with a focus on the lower-middle market. The firm seeks to invest in high-growth companies with experienced management teams to form enduring partnerships. Post Road Group is an alternative investment advisory firm that currently manages approximately $3.1 billion of capital across its four distinct, complementary investment strategies which include Corporate (Digital Infrastructure), Real Estate Credit, Real Estate Equity, and Specialty Finance. Since inception in 2015, the firm has committed and invested $4.2 billion of capital on behalf of institutional investors across the world. The firm is based in Stamford, CT. For more information, please visit
Business Wire
7 minutes ago
- Business Wire
Outreach Launches New AI Agents to Power GTM Teams
SEATTLE--(BUSINESS WIRE)-- Outreach, the leading AI Revenue Workflow Platform, today unveiled its quarterly release with powerful new AI Agents purpose-built for revenue teams, and expanded its Data Enrichment capabilities with more data providers to deliver deeper insights and automation. As deal cycles have grown more complex and last 21% longer, Outreach's new AI agents reduce manual work, accelerate deal execution, and deliver pipeline you can trust. Two new agents announced at Unleash are now available: Deal Agent suggests updates to sales methodology fields, such as pinpointing the economic buyer or buyer decision criteria, based on the latest customer conversations. It helps reps keep CRM updated with minimal effort and gives managers confidence in pipeline accuracy. Research Agent builds a rich, real-time account view by searching public data and past interactions—automating account planning, creating handoff briefs, and delivering hyper-relevant messaging aligned to customer initiatives and pain points. Additional AI powered capabilities include AI personalization for LinkedIn messaging and call talking points, extending prospect-specific context into rep's communications beyond email. AI agents leverage the expanded Smart Data Enrichment service, which now supports SalesIntel and ZoomInfo, to provide 3 rd party insights within Outreach. 'This release represents a major leap forward in agentic AI—moving beyond dashboards and chatbots to intelligent agents that act, not just analyze,' said Nithya Lakshmanan, Head of Product at Outreach. 'These agents power the entire revenue engine—from qualification to close and post-sales —enabling teams to respond to signals instantly, act with precision, and win faster than ever before.' Additional updates in the release include: Seamless collaboration in Slack and In-App: Stay aligned with real-time updates delivered directly in Slack and in the app. Collaborate efficiently with comment tagging and threaded chats in conversation transcripts. Productivity on the go: Access conversation recordings, ask questions to surface key insights, and stay on top of your pipeline—from the mobile app. Live coaching in Google Meet: Enhanced Google Meet integration delivers real-time content cards, detects action items, and note-taking during the meeting. Improved connect rates and compliance: New outbound calling policies enforce allowed calling hours and block restricted destinations. Configurable caller ID boosts pickup rates. Inbound call queues (Beta) route leads to the right rep fast. Faster experience and new governance controls: Slide-out panels in list views give sellers quick access to deal and account details, reducing clicks. Field-level governance adds granular control over access and security. Together, these updates reinforce Outreach's position as the single platform for AI-powered revenue action orchestration. With intelligent agents that don't just analyze but act, Outreach is redefining what AI means for modern revenue teams and enabling those teams to win more, be more productive, and adapt faster. Read more about our product release here. About Outreach Outreach, founded in 2014, is the only complete AI Revenue Workflow Platform built for all revenue teams. Outreach infuses predictive, assistive, conversational, and agentic AI to power hundreds of use cases across revenue motions. From new logo prospecting to expansions, deal acceleration, driving retention, and forecasting, Outreach AI automates workflows and frees sellers to focus on more strategic conversations and actions. Revenue leaders benefit from connected account visibility, performance insights, and higher forecasting accuracy across every GTM team. World leading enterprise organizations use Outreach to power their revenue teams, including SAP, Siemens, Snowflake, and Verizon to name a few. To learn more, please visit
Business Wire
7 minutes ago
- Business Wire
Torii Named a Leader in 2025 Gartner® Magic Quadrant™ — Here's What It Means for SaaS Management
NEW YORK--(BUSINESS WIRE)-- Gartner has once again named Torii a Leader in its 2025 Magic Quadrant™ for SaaS Management Platforms (SMPs). This year's report evaluates 17 vendors in the SMP space, revealing a growing divide between tools that report on SaaS data—and platforms built to act on it. Torii's placement as a Leader confirms what its customers already know: a modern SMP must be all-in-one, cross-functional, and built to integrate—not replace—your existing stack. For IT, procurement, finance, and security leaders evaluating an SMP, this distinction matters. SaaS sprawl is no longer just an IT problem. It's a business-wide challenge—costing millions in wasted spend, exposing compliance gaps, and slowing decision-making across functions. Torii's placement as a Leader confirms what its customers already know: a modern SMP must be all-in-one, cross-functional, and built to integrate—not replace—your existing stack. 'This isn't a pivot—it's what we've built toward since day one,' said Uri Haramati, CEO and Co-founder of Torii. 'Rising costs, AI sprawl, surprise renewals—these affect every team. Torii brings all of it into focus and gives teams the power to act quickly, without extra tools or consultants.' Our Read on the Report: The Market Is Maturing The 2025 Gartner Magic Quadrant makes one thing clear: SMPs are no longer just nice-to-haves. They are a strategic requirement for organizations looking to manage SaaS at scale. Our key takeaways from this year's report: SMPs must support cross-functional collaboration, not just IT Actionability is now a core requirement—data without next steps isn't enough The next frontier is agentic AI —platforms that don't just suggest what to do, but take action directly As SaaS complexity grows, intelligent execution will continue to separate true SaaS Management leaders from reporting tools. As a Leader, we believe Torii's placement reinforces its role in defining what modern SaaS Management requires: complete visibility, built-in automation, and real-time intelligence that drives action—not just insights. What to Look for in an SMP (and How Torii Delivers) The Gartner Magic Quadrant evaluates SMPs based on Completeness of Vision and Ability to Execute. That means understanding the full scope of SaaS challenges—and delivering results across every team, use case, and stage of the software lifecycle. Here's what a modern SaaS Management Platforms must offer—and why Torii was a Leader: Comprehensive SaaS Discovery It's not enough to track known apps. SMPs must uncover Shadow IT, AI-powered tools, and hidden usage across the business. Torii combines multiple discovery methods with AI-driven app classification to expose every tool—whether centrally purchased or adopted by individuals. Integrated Cost, Usage, License, and Renewal Intelligence Disconnected data means disconnected decisions. Organizations need a single view tied to real usage and value. Torii brings this data together—so Finance, IT, and Procurement can align on what's being used, what's worth keeping, and where to cut. Automation That Scales Across Functions One-off alerts and rigid workflows aren't enough. Teams need automation that adapts to how they work. Torii supports deep, no-code automation for onboarding, offboarding, license cleanup, compliance workflows, and renewals—used by IT, Procurement, and Security. Built for Every Stakeholder SaaS is no longer just IT's problem, it's cross-functional. Torii was built for IT, Finance, Procurement, Security, and Leadership—offering role-based access, shared data, and coordinated workflows in one platform. What This Means for You IT gets full visibility into app adoption, license usage, and access gaps—so they can take action before waste or risk grows. Procurement gets accurate usage and contract data in one view—so they can reduce shelfware and negotiate with confidence. Finance gets previously siloed budget and usage data in one view—so they can cut waste, forecast accurately, and prove ROI. Security gets visibility into unmanaged and high-risk tools—so they can proactively close gaps in ownership, compliance, and control. Leadership gets a unified, reliable view of software value and risk—so they can make strategic decisions grounded in facts, not estimates. With Torii, you don't need to rip and replace your stack. Torii connects to the systems you already use, centralizes your SaaS data, and lets every team make faster, smarter decisions. Smarter AI That Drives Outcomes We believe the Gartner Magic Quadrant emphasized that action—not just insight—is the new standard. Torii's embedded AI assistant, Eko, sets that bar—giving every team proactive answers and next steps no other platform can match. Instead of static dashboards, teams ask direct questions—and get real answers: "Where are we overspending?" → 63 unused licenses. Reclaiming them saves $42K this quarter. "Which apps pose the highest security risk?" → 9 apps lack ownership, fail compliance checks, or bypass SSO. Reviewing them now helps reduce exposure and meet audit requirements. Later this year, Eko Act will take this further—empowering teams to reclaim licenses, assign owners, and launch workflows directly from chat. Eko isn't AI for AI's sake—it's real-time guidance that turns insight into action, right inside the platform. Read the Full Report Want to see which vendors were recognized? Download your complimentary copy of the 2025 Gartner Magic Quadrant™ for SaaS Management Platforms Gartner Disclaimer: Gartner, Magic Quadrant for SaaS Management Platforms. Tom Cipolla, et al, 30 July 2025. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved. Gartner does not endorse any vendor, product, or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. About Torii Torii is a leading SaaS Management Platform (SMP) built for today's distributed and fast-changing software landscape. Named a Leader in Gartner's 2025 Magic Quadrant, Torii helps IT, procurement, security, and finance teams gain visibility, control costs, and manage risk across their entire SaaS stack—from core apps to shadow IT and emerging AI tools. It's fast to deploy, easy to scale, and delivers rapid ROI without consultants or long rollouts. Global customers including Zip, Bumble, and Fiverr rely on Torii to eliminate millions in waste, reduce hours of manual work, and protect sensitive data across known and Shadow IT applications. Backed by top VCs including Tiger Global Management and Wing Venture Capital, Torii is setting the standard for what SaaS management should be. Learn more at and follow on LinkedIn.
