New to The Street Expands Broadcast Reach to Middle East, Adding 26 Million Homes Across Bloomberg Television
Press Releases New to The Street Expands Broadcast Reach to Middle East, Adding 26 Million Homes Across Bloomberg Television
New distribution begins June 2025, supporting the IPOMarket.com and MarketWear™ segments as sponsored programming
New to The Street , the acclaimed television business show known for its in-depth CEO interviews and financial programming, announced today a significant expansion into the Middle East. Beginning June 2025 , the show will reach an additional 26 million homes through Bloomberg Television's regional networks, further solidifying New to The Street as a global media leader in sponsored business content.
The expansion will prominently feature the show's new IPOMarket.com™ and MarketWear™ segments, which focus on emerging IPO opportunities and the business of fashion, respectively. These verticals are designed to give innovative companies a powerful media platform as they reach global investors and lifestyle-conscious business audiences alike.
"This expansion is a major step forward as we align IPOMarket.com with global capital market visibility," said Stephen Simon , President of IPOMarket.com Corp. and Co-Founder of New to The Street . "From the New York Stock Exchange to Dubai, we're giving IPO-stage companies a platform to be seen by investor s, fashion innovators, and family offices across borders."
This move builds on New to The Street's momentum, as it now reaches over 250 million homes in the U.S. through its Fox Business and Bloomberg airings and continues to grow its presence across Asia, Europe, and now the Middle East. The show's integrated media model combines sponsored programming, earned media amplification, Times Square billboards, and one of the fastest-growing YouTube channels in the financial space.
About New to The Street
New to The Street is one of the longest-running U.S. television business shows, broadcasting weekly as sponsored programming on Bloomberg Television and Fox Business Network . Since 2009, the show has produced over 600 episodes featuring exclusive interviews with CEOs, founders, and innovators across emerging industries.
Recognized for blending editorial storytelling with branded content, New to The Street delivers exposure across national television, social media, and iconic outdoor platforms. The show is also home to one of the fastest-growing YouTube channels in financial media , with over 2.4 million subscribers , expanding its global reach across digital audiences in more than 40 countries.
With a multi-platform footprint that includes network television, Times Square billboards, earned media placements, and international syndication, New to The Street empowers brands to tell their story where it matters most - in front of millions of investors, decision-makers, and consumers.
Media Contact:
Monica Brennan
Director of Communications
Monica@NewtoTheStreet.com
SOURCE: New To The Street
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Upgrades and downgrades also reflect changes in pricing. We use our DRR to measure the long-term value of customer contracts as well as our ability to retain and expand the revenue generated from our existing customers. Non-GAAP Financial Measures The non-GAAP measures included in this press release are defined as follows: Adjusted net income (loss) is defined as net income (loss) excluding non-cash items, discrete and event-specific costs that do not represent normal cash operating expenses necessary for our business operations, and certain accounting income and/or expenses. Management believes these exclusions enhance the comparability of our results from period to period, and as compared to peers, and are useful in assessing our operating performance, and consist of the following (including the related tax effects), when applicable to the periods presented: Impairment charges – Non-cash goodwill and intangible impairment charges. Amortization of acquired intangible assets – Non-cash amortization expense of finite-lived intangible assets recognized as a part of business combination accounting. Acquisition and integration related costs – Costs incurred to effectuate an acquisition, including contingent compensation expenses, and integration related costs. Restructuring charges – Charges related to strategic cost saving initiatives, including severance costs, losses associated with the abandonment of right-of-use assets, and contract termination costs. Transformation costs – Costs incurred to transform our operations through significant strategic non-ordinary course transactions. System migration costs – Costs of temporary resources needed for the migration of content and customers from our legacy system to a global platform. Long-term incentive compensation expenses – Charges associated with long-term incentive compensation programs, including stock-based compensation, cash awards tied to stock performance, and awards granted in-lieu of stock that are intended to be settled in cash. Executive exit costs – Costs associated with the departure of executives. Fair value adjustments – Mark-to-market adjustments of warrants and hedge instruments. Other (income) expense, net – Unrealized and realized gains or losses primarily resulting from fluctuations of U.S. dollar appreciating or depreciating against other currencies, and impairments associated with property and equipment and other assets when their carrying values are not recoverable. Adjusted EBITDA is defined as net income (loss) excluding (when applicable to the periods presented) the same exclusions set forth above for the determination of adjusted net income (loss) plus the additional exclusions set forth below. Management believes these exclusions enhance the comparability of our results from period to period, and as compared to peers, and are useful in assessing our operating performance. The additional exclusions are: Amortization of intangible assets – Non-cash amortization expense for finite-lived intangible assets other than those recognized as a part of business combination accounting. Depreciation expense – Non-cash depreciation expense for property and equipment assets. Provision for (benefit from) income taxes – Current and deferred federal, state and foreign income tax expense (benefit). Adjusted total operating expenses are defined as costs of revenues, content and software development expenses, selling and marketing expenses, and general and administrative expenses, in each case excluding (where applicable) depreciation expense, long-term incentive compensation expense, system migration costs and transformation costs, as applicable. Adjusted contribution margin is defined as revenue less adjusted total operating expenses, divided by revenue for the same period. Business unit contribution profit - Segment ("business unit") contribution profit is defined as business unit revenue, less business unit cost of revenues, business unit content and software development expenses, and business unit product research and management expenses. Business unit contribution margin is defined as business unit contribution profit divided by business unit revenue for the same period. Business unit cost of revenues is defined as cost of revenues attributable to the business unit, excluding, where applicable, depreciation expense, long-term incentive compensation expense, system migration costs, and transformation expenses. 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Note that adjusted free cash flow (levered) does not represent residual cash flow available to Skillsoft for discretionary expenditures. Free cash flow conversion is defined as free cash flow divided by adjusted EBITDA for the same period. Adjusted net leverage is defined as current maturities of long-term debt, plus borrowings under accounts receivable facility, plus long-term debt, less cash and equivalents and restricted cash, divided by adjusted EBITDA for the preceding twelve-month period. Cautionary Notes Regarding Forward Looking Statements This document includes statements that are, or may be deemed to be, "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. For all such statements, we claim the protection of the safe harbor for forward-looking statements provided by such sections and the Private Securities Litigation Reform Act of 1995. 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These forward-looking statements include, but are not limited to, statements that address activities, events or developments that we expect or anticipate may occur in the future, including such things as our outlook (including our Full Year Fiscal 2026 Financial Outlook), our product development and planning, our pipeline, future capital expenditures, future share repurchases, anticipated financial results, the impact of regulatory changes, our current and evolving business strategies, including with respect to acquisitions and dispositions, demand for our services, our competitive position, the benefits of new initiatives, growth of our business and operations, the effectiveness of our products, the outcomes of litigation proceedings and claims, the state and future of skilling in the workplace, our ability to successfully implement our plans, strategies, objectives, and our expectations and intentions. 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Factors that could cause or contribute to such differences include those described under "Part I - Item 1A. Risk Factors" and Part II, Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations in our Form 10‑K for the fiscal year ended January 31, 2025 ("2025 Form 10-K"). These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements included in the 2025 Form 10-K, in this document and in our other periodic filings with the Securities and Exchange Commission. The forward-looking statements contained in this document represent our estimates only as of the date of this filing and should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update these forward-looking statements in the future, we specifically disclaim any obligation to do so, whether to reflect actual results, changes in assumptions, changes in other factors affecting such forward-looking statements, or otherwise, except as required by law. Although we believe that the assumptions underlying our forward-looking statements are reasonable, any of these assumptions, and therefore also the forward-looking statements based on these assumptions, could themselves prove to be inaccurate. Given the significant uncertainties inherent in the forward-looking statements included in this document, our inclusion of this information is not a representation or guarantee by us that our objectives and plans will be achieved. Annualized, pro forma, projected and estimated numbers are used for illustrative purposes only, are not forecasts and may not reflect actual results. Additionally, statements as to market share, industry data and our market position are based on the most current data available to us and our estimates regarding market position or other industry statistics included in this document or otherwise discussed by us involve risks and uncertainties and are subject to change based on various factors, including as set forth above. Industry and Market Data Within this document, we may reference information and statistics regarding market share, industry data and our market position. Certain of this information has been obtained from various independent third-party sources, including independent industry publications, news reports, reports by market research firms and other independent sources. We believe that these external sources and estimates are reliable but have not independently verified them. In addition, certain of this information and statistics are based on our own internal surveys and assessments, which are developed in good faith using reasonable estimates. The information is based on the most current data available to us and our estimates regarding market position or other industry statistics included in this document or otherwise discussed by us involve risks and uncertainties and are subject to change based on various factors, including as set forth above. SKILLSOFT CORP. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except number of shares and per share amounts) April 30, 2025 January 31, 2025 ASSETS Current assets: Cash and cash equivalents $ 127,841 $ 100,766 Restricted cash 3,091 2,571 Accounts receivable, net of allowance for credit losses of approximately $269 and $501 as of April 30, 2025 and January 31, 2025, respectively 95,988 178,989 Prepaid expenses and other current assets 50,917 50,527 Total current assets 277,837 332,853 Goodwill 317,071 317,071 Intangible assets, net 401,967 427,221 Other assets 25,611 28,924 Total assets $ 1,022,486 $ 1,106,069 LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT) Current liabilities: Current maturities of long-term debt $ 6,404 $ 6,404 Borrowings under accounts receivable facility 1,000 1,000 Accounts payable 20,789 13,458 Accrued compensation 29,144 47,803 Accrued expenses and other current liabilities 23,790 26,022 Deferred revenue 243,788 282,295 Total current liabilities 324,915 376,982 Long-term debt 572,232 573,267 Deferred tax liabilities 41,042 42,039 Deferred revenue - non-current 1,170 1,656 Other long-term liabilities 20,478 18,279 Total long-term liabilities 634,922 635,241 Commitments and contingencies Shareholders' equity (deficit): Shareholders' common stock - Class A common shares, $0.0001 par value: 18,750,000 shares authorized and 8,651,941 shares issued and 8,352,164 shares outstanding as of April 30, 2025, and 8,616,633 shares issued and 8,316,856 shares outstanding as of January 31, 2025 1 1 Additional paid-in capital 1,568,919 1,565,040 Accumulated (deficit) (1,481,435 ) (1,443,386 ) Treasury stock, at cost - 299,777 as of April 30, 2025 and January 31, 2025 (10,891 ) (10,891 ) Accumulated other comprehensive income (loss) (13,945 ) (16,918 ) Total shareholders' equity (deficit) 62,649 93,846 Total liabilities and shareholders' equity (deficit) $ 1,022,486 $ 1,106,069 SKILLSOFT CORP. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except number of shares and per share amounts) Three Months Ended April 30, 2025 2024 Revenues: Total revenues $ 124,201 $ 127,793 Operating expenses: Costs of revenues 32,247 34,471 Content and software development 14,102 15,506 Selling and marketing 39,609 42,292 General and administrative 22,952 25,309 Amortization of intangible assets 31,608 31,583 Acquisition and integration related costs 523 1,497 Restructuring 1,346 967 Total operating expenses 142,387 151,625 Operating income (loss) (18,186 ) (23,832 ) Other income (expense), net (2,446 ) 2,217 Fair value adjustment of interest rate swaps (4,256 ) 7,746 Interest income 463 928 Interest expense (14,396 ) (16,278 ) Income (loss) before provision for (benefit from) income taxes (38,821 ) (29,219 ) Provision for (benefit from) income taxes (772 ) (1,583 ) Net income (loss) $ (38,049 ) $ (27,636 ) Net income (loss) per share: Basic and diluted $ (4.57 ) $ (3.42 ) Weighted average common share outstanding: Basic and diluted 8,324,864 8,089,331 SKILLSOFT CORP. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) Three Months Ended April 30, 2025 2024 Cash flows from operating activities: Net income (loss) $ (38,049 ) $ (27,636 ) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Amortization expense of intangible assets 31,608 31,583 Stock-based compensation expense 4,081 7,153 Depreciation expense 447 760 Non-cash interest expense 566 536 Non-cash operating lease right-of-use asset expense 408 904 Provision for credit loss expense (recovery) (232 ) 41 Provision for (benefit from) deferred income taxes – non-cash (1,225 ) (2,932 ) Fair value adjustment of interest rate swaps 4,256 (7,746 ) Changes in current assets and liabilities, net of effects from acquisitions: Accounts receivable 86,559 74,826 Prepaid expenses and other assets, including long-term 1,243 (840 ) Accounts payable 6,992 (1,107 ) Accrued expenses and other liabilities, including long-term (21,780 ) (21,514 ) Deferred revenue (43,576 ) (39,091 ) Net cash provided by (used in) operating activities 31,298 14,937 Cash flows from investing activities: Purchase of property and equipment (515 ) (153 ) Internally developed software - capitalized costs (4,619 ) (4,364 ) Net cash provided by (used in) investing activities (5,134 ) (4,517 ) Cash flows from financing activities: Shares repurchased for tax withholding upon vesting of restricted stock-based awards (352 ) (82 ) Proceeds from (payments on) accounts receivable facility — (2,569 ) Principal payments on term loans (1,601 ) (1,601 ) Net cash provided by (used in) financing activities (1,953 ) (4,252 ) Effect of exchange rate changes on cash and cash equivalents 3,384 (3,087 ) Net increase (decrease) in cash, cash equivalents and restricted cash 27,595 3,081 Cash, cash equivalents and restricted cash, beginning of period 103,337 146,523 Cash, cash equivalents and restricted cash, end of period $ 130,932 $ 149,604 Supplemental disclosure of cash flow information: Cash and cash equivalents $ 127,841 $ 142,020 Restricted cash 3,091 7,584 Cash, cash equivalents and restricted cash, end of period $ 130,932 $ 149,604 SKILLSOFT CORP. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (in thousands, except percentages, number of shares and per share amounts, unaudited) Three Months Ended April 30, 2025 2024 Revenues Talent Development Solutions $ 99,148 $ 98,075 Global Knowledge 25,053 29,718 Total revenues, as reported $ 124,201 $ 127,793 Net income (loss), as reported $ (38,049 ) $ (27,636 ) Amortization of acquired intangible assets (1) 28,792 29,868 Acquisition and integration related costs 523 1,497 Restructuring 1,346 967 Transformation costs 1,604 657 System migration costs — 117 Long-term incentive compensation expenses 4,790 7,148 Fair value adjustment of interest rate swaps 4,256 (7,746 ) Other (income) expense, net 2,446 (2,217 ) Tax impact of adjustments (3,229 ) (3,042 ) Adjusted net income (loss) 2,479 (387 ) Interest expense, net 13,933 15,350 Expense (benefit from) income taxes, excluding tax impacts above 2,457 1,459 Depreciation 446 761 Amortization of capitalized internally developed software (1) 2,816 1,715 Adjusted EBITDA $ 22,131 $ 18,898 Weighted average common shares outstanding: Basic and diluted 8,324,864 8,089,331 Basic and diluted per share information: Net income (loss) per share, as reported $ (4.57 ) $ (3.42 ) Adjusted net income (loss) per share $ 0.30 $ (0.05 ) Net income (loss) margin % (30.6 )% (21.6 )% Amortization of acquired intangible assets (1) 23.1 % 23.3 % Acquisition and integration related costs 0.4 % 1.2 % Restructuring 1.1 % 0.8 % Transformation costs 1.3 % 0.5 % System migration costs 0.0 % 0.1 % Long-term incentive compensation expenses 3.9 % 5.6 % Fair value adjustment of interest rate swaps 3.4 % (6.1 )% Other (income) expense, net 2.0 % (1.7 )% Tax impact of adjustments (2.6 )% (2.4 )% Adjusted net income (loss) margin % 2.0 % (0.3 )% Interest expense, net 11.1 % 12.1 % Expense (benefit from) income taxes, excluding tax impacts above 2.0 % 1.1 % Depreciation 0.4 % 0.6 % Amortization of capitalized internally developed software (1) 2.3 % 1.3 % Adjusted EBITDA margin % 17.8 % 14.8 % (1) All amortization (not only amortization pertaining to finite-lived intangible assets recognized as part of business combination accounting) is excluded in the determination of Adjusted EBITDA. SKILLSOFT CORP. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES - continued (in thousands, except percentages, unaudited) Three Months Ended April 30, 2025 2024 Talent Development Solutions Revenue $ 99,148 $ 98,075 Business unit cost of revenues 16,272 16,185 Business unit content and software development expenses 12,098 13,463 Business unit product research and management expenses 2,299 1,969 Business unit contribution profit $ 68,479 $ 66,458 Business unit contribution margin 69.1 % 67.8 % Global Knowledge Revenue $ 25,053 $ 29,718 Business unit cost of revenues 15,706 18,003 Business unit content and software development expenses 744 562 Business unit contribution profit $ 8,603 $ 11,153 Business unit contribution margin 34.3 % 37.5 % SKILLSOFT CORP. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES - continued (in thousands, unaudited) Three Months Ended April 30, 2025 2024 Operating expenses: GAAP costs of revenues $ 32,247 $ 34,471 Depreciation (68 ) (117 ) Long-term incentive compensation expenses (201 ) (166 ) Adjusted costs of revenues 31,978 34,188 GAAP content and software development expenses 14,102 15,506 Depreciation (82 ) (74 ) Long-term incentive compensation expenses (1,178 ) (1,290 ) System migration costs — (117 ) Adjusted content and software development expenses 12,842 14,025 GAAP selling and marketing expenses 39,609 42,292 Depreciation (138 ) (208 ) Long-term incentive compensation expenses (1,041 ) (1,256 ) Transformation costs — (177 ) Adjusted selling and marketing expenses 38,430 40,651 GAAP general and administrative expenses 22,952 25,309 Depreciation (158 ) (362 ) Long-term incentive compensation expenses (2,370 ) (4,436 ) Transformation costs (1,604 ) (480 ) Adjusted general and administrative expenses 18,820 20,031 Total GAAP operating expenses 108,910 117,578 Depreciation (446 ) (761 ) Long-term incentive compensation expenses (4,790 ) (7,148 ) System migration costs — (117 ) Transformation costs (1,604 ) (657 ) Adjusted total operating expenses $ 102,070 $ 108,895 SKILLSOFT CORP. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES - continued (in thousands, unaudited) Three Months Ended April 30, 2025 2024 Talent Development Solutions Cost of revenues and content and software development expenses: GAAP costs of revenues $ 16,518 $ 16,425 Depreciation (66 ) (94 ) Long-term incentive compensation expenses (180 ) (146 ) Business unit costs of revenues 16,272 16,185 GAAP content and software development expenses 13,324 14,941 Depreciation (81 ) (71 ) Long-term incentive compensation expenses (1,145 ) (1,290 ) System migration costs — (117 ) Business unit content and software development 12,098 13,463 GAAP cost of revenues and content and software development expenses 29,842 31,366 Depreciation (147 ) (165 ) Long-term incentive compensation expenses (1,325 ) (1,436 ) System migration costs — (117 ) Business unit total cost of revenues and content and software development expenses $ 28,370 $ 29,648 Global Knowledge Cost of revenues and content and software development expenses: GAAP costs of revenues $ 15,729 $ 18,046 Depreciation (2 ) (23 ) Long-term incentive compensation expenses (21 ) (20 ) Business unit costs of revenues 15,706 18,003 GAAP content and software development expenses 778 565 Depreciation (1 ) (3 ) Long-term incentive compensation expenses (33 ) — Business unit content and software development expenses 744 562 GAAP cost of revenues and content and software development expenses 16,507 18,611 Depreciation (3 ) (26 ) Long-term incentive compensation expenses (54 ) (20 ) Business unit total cost of revenues and content and software development expenses $ 16,450 $ 18,565 SKILLSOFT CORP. FREE CASH FLOW RECONCILIATION (in thousands, unaudited) Three Months Ended April 30, 2025 2024 Free cash flow reconciliation Net cash provided by (used in) operating activities $ 31,298 $ 14,937 Purchase of property and equipment, net (515 ) (153 ) Internally developed software - capitalized costs (4,619 ) (4,364 ) Free cash flow 26,164 10,420 Cash impact for adjusted EBITDA excluded charges 4,980 3,082 Adjusted free cash flow (levered) $ 31,144 $ 13,502 View source version on Contacts Investors: Ross Collins or Stephen PoeSKIL@ Media: Cameron Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
