ATP men's tennis tour says its profit-sharing plan is adding $18 million in prizes for 2024
The ATP said Thursday that amount is an increase from the $6.6 million profit-sharing bonus from Masters events in 2023.
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Adcore Inc (ADCOF) Q2 2025 Earnings Call Highlights: Strong APAC Growth and Improved Margins ...
Release Date: August 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Adcore Inc (ADCOF) reported a 35% surge in APAC revenue, indicating strong regional performance. Gross profit improved by 6% year-on-year, reaching 3.1 million CAD in Q2 2025. Gross margins increased to 47% in Q2 2025 from 44% in Q2 2024, showcasing improved efficiency. The company's cash position grew by 23% year-over-year, reaching 9 million CAD. Adcore Inc (ADCOF) achieved a positive adjusted EBITDA of 156,000 CAD, a significant improvement from a loss in the previous year. Negative Points Overall revenue slightly decreased by 1% year-on-year, from 6.6 million CAD to 6.5 million CAD. Revenue in North America decreased by 43%, indicating challenges in that region. The company experienced a net loss of 0.4 million CAD, although reduced from the previous year. Working capital decreased by 14% from December 2024 to June 2025. Despite improvements, the stock price remains low at $0.26, with management believing there is a disconnect between stock price and company valuation. Q & A Highlights Warning! GuruFocus has detected 4 Warning Signs with ADCOF. Q: Can we expect the strong growth in the APAC region to continue, and what's driving this performance? A: The growth in the APAC region is driven by new client acquisitions and increasing SaaS revenue from our Media Blast app. We expect this positive trend to continue throughout 2025. Unidentified_2 Q: How did Adcore achieve a gross margin of 47% in Q2, and is this sustainable? A: The increase in gross margin is due to higher SaaS revenues and improved efficiency through AI implementation. Unidentified_12 Q: Is Adcore leveraging new AI tools like Google's AI Max to gain market share? A: Yes, Adcore is at the forefront of AI innovation, using tools like Google's AI Max to enhance our services. This positions us as a leader in AI-driven transformation, attracting new clients and business opportunities. Unidentified_2 Q: How is AI impacting Adcore's operations and financial performance? A: AI is deeply integrated into our operations, improving efficiency and reducing costs. It allows us to accomplish more with fewer resources, enhancing our business processes and financial outcomes. Unidentified_2 Q: Does Adcore plan to open new offices, particularly in South America? A: Currently, there are no plans to open new offices. We are focusing on remote work to reduce costs while maintaining efficiency. Unidentified_2 For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
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Coco Gauff advances to Cincinnati Open quarter-finals
Coco Gauff is tracking nicely ahead of another crack at the US Open, the No.2 seed securing her place in the quarter-finals in Cincinnati with a 6-2 6-4 win over Lucia Bronzetti. The American, who was awarded a walkover by Dayana Yastremska in the previous round, took an hour and 19 minutes to beat the Italian and reach the last eight of a tournament for the first time since claiming her second grand slam at the French Open. "For the most part I played aggressive. Maybe got a bit passive in some of those games. But it's tough. The balls are super light and they fly," the 2023 US Open winner said. "She wasn't giving me much pace. I was trying to play with control but also aggressive. I think I did well. I missed a couple balls. But I learned from it and was able to close it out." Incredible from Paolini! 🌟#CincyTennis — wta (@WTA) August 14, 2025 Gauff will next face another Italian in seventh seed Jasmine Paolini, who swept past Barbora Krejcikova 6-1 6-2 in a rematch of the 2024 Wimbledon final. It was the pair's first meeting since the 2024 Wimbledon final and Krejcikova needed medical treatment on her left foot when trailing 3-0 in the second set. The Czech's movement was visibly hampered. "I think she wasn't at 100 per cent, but she's an unbelievable player," Paolini said afterwards. "She can put the ball wherever she wants every time, I don't know how she does this. But I'm happy that I tried to stay there mentally until the last point." French qualifier Varvara Gracheva also went through, beating German Ella Seidel 2-6 6-1 6-1 to reach her first WTA 1000 quarter-final.
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Permianville: Q2 Earnings Snapshot
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