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Yahoo
22-05-2025
- Business
- Yahoo
Q1 2025 iQIYI Inc Earnings Call
Chang You; Director of Investor Relations; iQIYI Inc Yu Gong; Chief Executive Officer, Director; iQIYI Inc Jun Wang; Chief Financial Officer; iQIYI Inc Xiaohui Wang; Chief Content Officer; iQIYI Inc Xueqing Zhang; Analyst; CICC Vicky Wei; Analyst; Citi Maggie Ye; Analyst; CLSA Operator Thank you for standing by, and welcome to the iQIYI first quarter 2025 earnings conference call.I would now like to hand the conference over to Ms. Chang You. Please go ahead. Chang You Thank you, operator. Hello, everyone, and thank you for joining iQIYI's first quarter 2025 earnings conference call. The company's results were released earlier today and available on the company's Investor Relations website at the call today are Mr. Yu Gong, our Founder, Director and CEO; and Mr. Jun Wang, our CFO; Mr. Xiaohui Wang, our CCO, Chief Content Officer; Mr. Youqiao Duan, Senior Vice President of our Membership Business; and Mr. Xianghua Yang, Senior Vice President of Movies and Overseas Business; and Mr. [Fan Liu], Senior Vice President of Brand Advertising Gong will give a brief overview of the company's business operations and highlights, followed by Jun, who will go through the financials. After the prepared remarks, the management team will participate in the Q&A we proceed, please note that, the discussion today will contain forward-looking statements made under the Safe Harbor provisions of the US Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from our current expectations. Potential risks and uncertainties include, but are not limited to, those outlined in our public filings with the SEC. iQIYI does not undertake any obligation to update any forward-looking statements, except as required under applicable law.I will now pass on to Mr. Gong. Please go ahead. Yu Gong Hello, everyone, and thank you for joining us today. We delivered a solid first quarter, gaining sequential growth in both total revenues and progress. This was built on a strong rebound in our long-term premium content and strategic investments in vertical format macro expected cementing its position as a go-to platform for users, making seamless plans of long-form and short-form entertainment, creating exciting opportunities for future commercialization. And this will strengthen our confidence and commitment to drive even deeper upgrades across our business model, and the content ecosystem in response to evolving market and user the core long-form video content, we are committed to delivering, engaging and soft after tariff as we left in our strong IR of top-tier drama, notably, drifting away from our flagship man-on-site brand surpassed the 10,000 iQIYI popularity index score, where the Hunters drama will do one more slide mistakes, right? Financial both achieved the score of over 9, ahead, we are dedicated to focusing on premium content with a strong commercial value, while also upholding excellence. Additionally, we will further enhance our certain production mechanism to deliver stronger, faster test and more additive storytelling that rebounded strongly with the user-centric approach, we are confident in our ability to and reach our full creative potential and foster our work tools, content ecosystem for micro dramas. We made notable programs on HG Life micro dramas, now second in terms of daily time depend and first in the number of daily unique clearly shows the growing appeal in capital rating orders, reinforcing our confidence in further unlocking their full potential. Moving forward, we are committed to expanding our macro drama portfolio, placing a strong appetite on premium micro dramas by enhancing original production and acquisition capabilities. At the same time, we aim to effectively monetize that are growing traffic on advertising and our content ecosystem, we are leveraging technical innovation to improve user experience. Standout even is a launch of our AI power in feature. We transform our users engaged with long-form videos with a simple swap up or down on their mobile screen, users can effortlessly escape between key highlights, each at without missing an exciting moment, delivering a user-centric my Alzheimer like experience tailored to the state willing habits. Highlight points are generated by AI best videos and personalized behaviors of each all investors are aware, the market is becoming increasingly unpredictable as it continues to evolve. However, in fact, volatile environment, the ability to create sustainable value is emerging as a realm and valuable asset with this in are wrapping up our investments in strategic areas such as enriching our content ecosystem and enhancing the user experience. While this investment may lead to short-term costs that are designed to deliver long-term benefits. Now let's move on to the details of our core business with long-form videos, which serves as the conviction of our content ecosystem. We maintained leadership in the core drama category as the current top part in terms of total viewership market share during the quarter, accounting to enlightened strong performance was highlighted by breakthrough in our Jacobs specific cellular note as we have now template 5 in Signature brands, each future on content genres. In the suspense general, our brand achieved a remarkable milestone with a release of drifting away is first title to surpass that 10,000 popularity in a score. It also generated the third heaviest single episode revenue in our history, just behind mega hit, The Snow Cloud on Hongmiao and My Heroic Husband, Pei Roman general on Laban Delta Mianne Zhutang brand made notable progress in this quarter, expanding our portfolio of content appeals for female audiences with relief of four captivating titles. Notably, our in-house produced fantasy drama, Modern Life, Mystic. Baiyue Fanxin garnered an impressive popularity in-depth score of over 9,600. Our modern romance drama, The Best of Sea, anime was not only a success in the domestic market, but also the best-performing modern drama, sea drama on our overseas platform drama and Chinese our masterpiece theater, (inaudible) specializing in theater adaptation and realistic stories they build it first title North work. This summer adapted from a modern literature, a wide winning novel has further strengthened our reputation for popular our micro custom theater, (inaudible) and the locked-on theater, Xiaozhou Yuchang, are focused on innovative drama series with fewer episodes and comedy respectively. Building on the success of past hits such as To the Wonder, without a Time and The Great Novel Day, I want to be a point of this brand are set to release an exciting line after this to movies. We continue to dominate the category during the quarter with the highest viewership market share according to investment. Premium content has a strong long-tail effect. In example, as the success of Ninja 2 during Chinese New Year. The firm boosted viewership of the original Ninja, making its most-watched movie on our platform this quarter. In addition, our original production, Bleed for past logo, achieved the strong revenue and viewership, especially among male users drawn to action and crime already showed during the first quarter our flagship multi-phased IP become a final season fleet -- made a strong comeback, sustaining strong traffic and positive word-of-mouth. Our brand-new IP, The Blooming Journey -- Fanhua, excelled with a peak popularity index score of over 8,000, attracting audiences in lower-tier cities and among older audiences beyond commercial variety show terms of animation, during the first quarter, we continue to improve our production capabilities. Key titles such as Super Cubed, Changli Huang and the Rufu: Season 2. Rofu generated positive user feedback during the on to our content strategy and the pipeline. In our core drama category, our focus is on creating a well-balanced content mix that aligns commercial success with artist excellence. We are committed to three key genres: realistic, suspense and female-focused cater to the pace of viewing habits, we are enhancing our content creation strategies. This includes reducing the episode cost for long-form dramas and increasing the number of high-quality short dramas, with each episode lasting 5 minutes to 20 minutes. This change will expand the value of diversity of our offering, enrich the user experience, and drive deeper audience drama pipeline features an exceptional lineup of top-tier content. We already released the Demand Hunter's rawness and lobbying daily, while retouching, gathered widespread acclaim. Adding to the excitement, the highly anticipated field -- A Dream within a Dream, Shuyuan Yima, will be released the first general, our renowned Light on Celltrac brand recently debuted Breaking the Shadow, and Life for Life Generation, that can also look forward to upcoming release, including justifiable defense and the Born with Luck, each adapted from the renowned novel Low IQ Crime. Additionally, the new science fiction suspense drama, what a Wonderful World, Zaiyun Jian will be released shortly as well. Our lineup of realistic drama includes highly anticipated titles, such as The Shrine, Slime, Shuanghu and Gaoxing among movies, we are increasing investments in original production, focusing on geological releases with strong box office potential. Notably, our original production, Momo, has already achieved the box office revenue of over RMB140 have six more titles scheduled for theatrical release throughout the rest of the year, including The Shadow's Edge -- Additionally, we are boosting support for online movies with revenue-sharing models. Our diverse line-up includes eight original online movies, such as Ultimate Michelin, (spoken in foreign language) Martial Arts, covering comedy and licensed theatrical movies, we launched several hits, including Legends of the Call Door Pharaoh and Detective Chinatown 1900, both of which have successfully the article ranks during the Chinese New Year and are now performing well on our variety of shows we will maintain our focus on producing top-quality programs while introducing exciting new content. This includes sequels to a beloved classic like HAHAHAHAHA and The Lack of China 2025, alongside fresh IPs such as SING! ASIA, and the Reality Show is now as well as Wexiao, Yihaiwei, building on the success of The Blooming Journey. We also plan to launch a second season speaker in this animation, we are dedicated to increasing revenue contribution from original productions, especially high-quality Chinese animation. We also aim to broaden our collection of enduring sales and optimize our operations to maximize iQIYI value. Major titles to be launched include animation over the Divine, Reals (spoken in foreign language) Ambrose. Moreover, we are excited to announce that, the highly acclaimed Japanese animation, One Piece -- has resumed airing for a dedicated fun children's content, we will concentrate on IP commercialization and developed a comprehensive iQIYI ecosystem that spans the entire lifecycle, offering all age services tailored to parents, child audiences. Anticipated title includes Princess Doremi: Season 4, Belle Squad: Season 4. (inaudible)Moving on to macro dramas, which have demonstrated the potential within our content ecosystem, harnessing this powerful momentum. We are poised to amplify our investments in micro drama content and strengthening user acquisition efforts. We have three key objectives, starting with assessing our user base and boosting business resilience by increasing micro dramas into our content we perceive micro dramas as a catalyst for attracting new users and driving membership revenue growth, especially in under the lower-tier cities and among older we are actively exploring monetization opportunities for our micro drama initiatives, such as advertising and commerce. We have successfully achieved the first objective by revamping our apps and rapidly expanding our micro drama portfolio to over 15,000 titles have available for free, and the other half inclusive to members. We've backed us positioned differently in terms of design and targeted audience. The main iQIYI app focuses primarily on long-form videos and mainly uses a subscription model, with micro dramas serving as a complementary value iQIYI app, a primary focus on free micro dramas and monetize them soon advertising and e-commerce. This meaningful progress have driven impressive growth in both daily viewing time and unique data for micro dramas with substantial increases of over 300% and 110% respectively when comparing the April to the future, iQIYI Live will be represented as iQIYI micro dramas, and we are confident that, this transformation will tap into its full potential. We pioneered the concept of dedicated Chinese New Year place for micro dramas, releasing 28 premium titles, hits like My Sweet Home (spoken in foreign language) and Please Come into My Heart, by consistently delivering premium content, we are reinforcing our position as the go-to platform for micro the micro drama industry continues to evolve, the growing user demand for premium titles aligns perfectly with our core strengths with expertize in premium content, a trusted brand and a loyal user base. We are uniquely positioned to capitalize on this trend. Coupled with our extensive resources, talent, teams and advanced technologies, we deliver unique value to the micro drama that end, we are continuously enhancing our ability to produce original micro drama, while exploring innovative genres to broaden our content offerings. These initiatives include notable projects such as adaption around 100 classic Hong Kong movies and producing an extensive series of legal educational content, all to be developed as micro dramas. Additionally, we are integrating technologies like AI and the workflow production to improve both efficiency and on this initial piece, we are collaborating with partners to foster our thriving industry ecosystem. In March, we hosted the first Micro Drama Delivering Light, a ceremony, bringing together hundreds of main actors, creators and industry professionals. The event sparked meaningful interest from attendees eager for future collaboration. As the first-ever ceremony dedicated to the micro drama industry. It not only enhanced our profile but also reinforce our role as a key industry on to membership services. Revenue regained growth momentum during the quarter, increasing 7% sequentially to RMB4.4 billion, which was healthy growth in subscriber base in Q1, supported by the strong performance of key titles such as DRIFTING AWAY, Moonlight, Nystic, and Not War. Average revenue per member remains healthy, thanks to our improved operating strategy is focused on developing a membership business that caters to a broad audience, expands our subscriber base, delivers enhanced value and ultimately accelerate revenue growth. As the core of membership business is exceptional content, we strive to boost both member acquisition and retention by maintaining a consistent flow of premium long-form content and engaging macro continue strengthening our membership plans, delivering value to our members, we are refining product position in collaboration to connect with our user base. The family-oriented premium ad diamond plan saw excellent growth after we introduced free unlimited express package, our ad-supported basic membership plan designed to offer exceptional value and a lower price, which are the historic adoption of high younger generation and users from low-tier cities with this and new members with many joining as first-time subscribers. We are focused on enhancing macro value soon initiatives that boost loyalty and drive members now enjoy greater discounts while premium as the members receive free prize package to drive conversions with expanded options like Express package, counterfeit Express program -- who purchases gift cards and bundled membership plans with added benefits, these steps make all membership services more attractive and valuable, supporting steady revenue growth and strong membership on to the advertising business. Advertising revenue in the first quarter decreased sequentially to RMB1.3 billion, other than the macro pressure Q1 and typically low season compared to Q4. For brand ads, our top-tier dramas and the brand-new shows remain a strong draw for advertisers. With content-driven ads contributed over half of the revenue. Note that the sequel to our classic IP become a -- suite lead advertising sales, while the new IP a growing journey and the fantasy platform more than likely to generate widespread positive ahead, brand ads are showing encouraging signs of our potential rebound driven by premium content We plan to drive ourselves by leveraging premium dramas and the genre's prolific sales repress. For -- shows, we have our focus on delivering high-impact projects and expanding vehicle opportunities for classic IP. Additionally, we aim to launch a mining type, media warranty show, micro dramas and customized advertising products, providing innovative and tailored advertising a performance ad side, we captured budgets from new high-potential customers in the Internet services and the education sector, further diversifying our advertising service. In addition, incorporating API into advertising content creation has boosted ROI by over 20%, compared to apps developed with our AI. The future focus is on continuously enhancing our technologies and capabilities to drive revenue growth across Internet services, e-commerce, gaming and education. Furthermore, we plan to seize growth opportunities in micro dramas and deepen the integration of AI, maximize monetization commitment to enhancing ad efficiency is further demonstrated by the recent launch of our API driven -- ad placement platform by integrating results from both our long-form and the micro genre ecosystem. This platform empowers both brands and performance us with sophisticated smart marketing on to technology and products. We continue to advance video production through industrialization, enhancing cost efficiency and creativity. For example, by scaling up the reuse of digital assets in major original dramas like (spoken in foreign language). Moreover, our interest is to reach dubbing solutions designed to convert emotions of same tier cities -- have already been applied to the English language for both long form and macro the user front, we are hiring -- AI will be define the unmet experience in addition to a newly junk measurement AI. They also used other AI products to enhance user engagement on AI part chatbot, launched last April, features around one from our AI from our popular IPs and have engaged with users of over 100 million. Recently, we introduced the more assistant within the prime form. The uses to discover content discuss plot and the control we launched our senior-most feature tailored for motor users, complementing on earlier call designed for younger audiences. Moving on to our business performance in regions outside of midlife China, we maintained strong growth momentum in the first quarter. We saw revenues increasing by over 30% year-over-year on the average daily number of subscribing members, reaching a new we are thrilled to see dramas, gaining traction with our wider global audiences according to Google Trend Data worldwide search for the drama recently reached a five-year high even surpassing first for Korean drama. Our original production has planned a key role in this growing international appeal, with four of the top 10 overseas dramas in the past six months, coming from iQIYI or modern drama, the best team that wears on our international platform is publishing a new revenue benchmark for this our original Chinese animation Super also achieved the highest single-day revenue for Chinese animation within the first week of over six release. The influence of our premium content from advertising revenues by 48% year-over-year on original time drama, gained as potential traction from brand advertisers, while our Chinese show become a farmer also to interest from overseas ahead, we are focused on expanding our investment in original production to create high-quality content tailored to international audiences while integrating micro dramas into our global portfolio. At the same time, we aim to deepen collaboration with local partners and further enhance our brand improvement across key but not least, achieved consistently pushed the rate of business innovation as evidenced by our pursuit of new opportunities and exploration of untapped relevance. We are leveraging part digital technologies to think lastly integrate of our IPs, extending their life cycle and unlocking greater commercial recently expanded our footprint to off-line experience park, the first iQIYI land is set to open in Hangzhou another with a second project underway in addition of VR immersive shelters are expanding rapidly, future popular IPs such as lower young, are now available in over 50 stores of near 30 believe this immersive entertainment insurances will deepen user engagement with our content and IPs. On the e-commerce front, the breadth of new content formats such as micro dramas, combined with construction the vertical content, has used significant opportunity in the extra to on these opportunities, we have launched trail operations from iQIYI e-commerce by leveraging our rebound iQIYI portfolio, intensive artist resources and a high-quality member banks. We hold distinct advantage in this space this year. We are concentrating on building for foundation from content-driven e-commerce with a goal of driving accelerated growth and in the year summary, as a vital entertainment industry continues to involve, we remain committed to investing in our content ecosystem and elevating the user experience. This is a strategic effort will enable us to accelerate our content flywheel will strengthen resilience, an afore foundation for sustainable growth and deliver long-term value to our let me part on Jun for our financial performance. Jun Wang Thank you, Mr. Gong, and hello, everyone. Now let's take a look at the Q1 key numbers. In the first quarter, total revenues were RMB7.2 billion, up 9% sequentially. Membership services revenue reached RMB4.4 billion, up 7% sequentially. The increase was primarily driven by the strong performance of the long-form advertising revenue decreased by 7% sequentially to RMB4.3 billion, primarily due to macro headwinds and seasonality. Accounting distribution revenue reached RMB28.7 million, up 55% sequentially, driven by more common titles distributed during the quarter. Other revenues increased by 24% sequentially to RMB830.9 million, primarily driven by the growth of certain business on to costs and expenses. Content cost was RMB3.8 billion, up 10% sequentially, driven by higher number of premium dramas launched during the quarter. Total operating expenses were RMB1.4 billion, up 8% sequentially, primarily driven by higher marketing spending. Turning to profit and cash flow. Our non-GAAP operating income was RMB458.5 million, up 13% on a sequential non-GAAP operating margin was 6%. The net cash provided by operating activities totaled RMB339 million, positive for 12 contractual quarters. As of the end of the first quarter, we had cash, cash equivalents, restricted cash, short-term investments, and long-term restricted cash included in the prepayments and other assets, the total of RMB5.7 addition, the company had a loan of USD522.5 million to PAG, recorded under amounts due from other parties. When reviewing our financial performance, the result of our efforts to optimize the capital structure are very clear. Over the past two years, we have onetime the scope through a serious initiative to lower our debt levels, optimize repayment schedules and make our debt restructure more the outstanding principal balance of our convertible bond has sharply declined, dropping from RMB2.9 billion at the end of first quarter back in 2023 to RMB1.17 billion this year. And of the current outstanding balance, the rate RMB522.5 million, as we mentioned earlier, were resolved through equipment loan arrangements with we continue to optimize that debt structure, we have also achieved a substantial reduction in net interest expense, which has declined from RMB223 million to RMB155 million in the first quarter of this year decreased by over [30%] detailed financial performance and data, please refer to our press release on our IR we will open the floor for Q&A. Operator (Operator Instructions) Xueqing Zhang, CICC. Xueqing Zhang (spoken in foreign language)(interpreted) Thanks for taking my question. My question about micro dramas. Gong mentioned some operational updates on micro dramas in your prepared remarks. Could management elaborate a little more on the latest developments of micro dramas and outline the key focus points for its future development? Thank you. Yu Gong (spoken in foreign language) Chang You Our CEO, Mr. Gong, is answering this question. First of all, the users have gradually developed the habit of watching micro dramas on iQIYI. We now have over 15,000 micro dramas titles with free content and a member-exclusive content about tax. Our two mobile apps have also developed very tenanted positioning. The main iQIYI app focuses on members who are for free model, primarily using paid micro dramas, while the IiQIYI Light App primarily focuses on free micro dramas supported by advertising. Yu Gong (spoken in foreign language) Chang You This development, as I mentioned earlier, have driven data growth in both user time spend and user base for micro dramas, while significantly enhancing the user stickiness. So when we compare the April to December of last year, the number of heavy micro dramas users on iQIYI, which are users will spend 80% of their time watching micro drama has increased about 3 times. Yu Gong (spoken in foreign language) Chang You We just step into the micro drama field for not so long and then just started our original production and seeing some impressive proper for example, a recently released original micro drama called [China capable sporting] ranks first in iQIYI's micro drama busing time for several competitive consecutive weeks and also successfully entered the EDX top 10 list, which is well renowned list in the micro drama amount the acquired top-tier titles, for example, like My Sweet Home and Please Come into My Heart to worldwide each achieved revenue-sharing milestone of over RMB1 million within a week, and this progress reflecting the high user recognition and appreciation of high-property in micro dramas. Yu Gong (spoken in foreign language) Chang You I would like to share with everyone. For example, the content cost for each micro drama on average cost less than RMB1 million. And the top-tier titles usually will be less than RMB2 million per title. Yu Gong (spoken in foreign language) Chang You So as such, within the week, the revenue share dollar RMB reached 1 million is actually a very sizable and on income. Yu Gong (spoken in foreign language) Chang You Going forward, there are two areas we're focusing on. First is to have more and better-quality micro dramas, and second, to invest more on user acquisition user form. Yu Gong (spoken in foreign language) Chang You In addition, we'll try more ways to monetize the growing traffic, for example, advertising and also commercial. Operator Vicky Wei, Citi. Vicky Wei (spoken in foreign language)(interpreted) Thanks management for taking my question. Will management share some color about the change of loan video content strategy and the rationale behind it? Thank you. Chang You Thank you. I will invite our Chief Content Officer, Mr. Xiaohui, to answer this question. Xiaohui Wang (spoken in foreign language) Chang You (interpreted) First of all, long-form video are the cornerstone of iQIYI's content ecosystem and our commitment to this remains unwavering. Xiaohui Wang (spoken in foreign language) Chang You Dramas are at the core of long-form videos. So to better cater to involving user preferences, our future drama strategy will focus on two key areas. First of all, releasing high-quality shorter episode premium dramas and second, producing more high-quality short dramas with each episode lasting 5 minutes to 20 minutes. Xiaohui Wang (spoken in foreign language) Chang You Going forward, the total number of drama titles will increase, accompanied by enhanced content quality and greater diversity. This approach will not only improve the flexibility and stability of content settling but will also reduce reliance on individual titles and effectively mitigate risk. Operator Maggie Ye, CLSA. Maggie Ye (spoken in foreign language)(interpreted) Would just please share more details on the latest of our overseas business such as membership and content distribution as well? From a financial perspective, what is the current situation of the overseas business in terms of revenue and profit contribution? And how should we expect from -- what shall we expect from overseas in the next one years to three years? Yu Gong (spoken in foreign language) Chang You We started our overseas business in the second half of 2019. And after that, we experienced three years of COVID. So, there were some difficulties in terms of getting head count and also trouble them between Mainland China and overseas. So the development were actually quite slower than expectation. But after COVID, in the recent two years, the business has been going through a very rapid development phase. But however, we do have some restrictions in terms of the financial resources, so there is some limitations to the development. Yu Gong (spoken in foreign language) Chang You In addition to what I mentioned in the opening remarks that we experienced very rapid growth in terms of the annual revenue growth and also subscriber account, et cetera. So there are some very important progress we made very importantly that we kind of figure out the right content mix for each region, overseas. And also, what can we do from the content mix to drive user growth and also to drive our revenue performance. Yu Gong (spoken in foreign language) Chang You In addition to that, we also take out how we can really operate in each region, for example, how we can promote our content to acquire a better user growth and also in terms of the user growth, how we can improve that as well. Yu Gong (spoken in foreign language) Chang You In terms of the content mix for our overseas business, the Chinese content actually accounts for about half of the content and the other half are a company. Yu Gong (spoken in foreign language) Chang You Based on the data that we collected, the Chinese video content actually devalued that are increasing in the global, which is very beneficial to our overuse business growth. Yu Gong (spoken in foreign language) Chang You Right now, currently, the revenue contribution from the overseas market is still at a relatively low percentage, but it also depends on the future investment into the overseas business, limited to, for example, the scale of our financial support and also the financing source. So, these are the areas where we look out for the overseas business. Jun Wang (spoken in foreign language) Chang You As the CFO just added to our CEO's comments, so we really took from the past few years are really valuable revenue growth, as well as the content mix as well as the operating takeaways from each market, and these are the key takeaways in the past few years. Of course, these are under a very disciplined investment cycle that we did over the past few years as from the management accounting perspective, the overseas business are profitable in the past couple of years. And in the future going forward, of course, maintaining our profitability it's important. However, it doesn't have to be a meaningful amount. What we want is to invest, take that profit and invest into the business. Hopefully, it will drive greater growth opportunities in the future. Operator There are no further questions at this time. I'll now hand back to management for closing remarks. Chang You Thank you, everyone, for participating on the call today. And if you have any questions, don't hesitate to contact us. Thank you and see you next quarter. Yu Gong Thank you. Operator Thank you. That does conclude our conference for today. Thank you for participating. You may now disconnect. Portions of this transcript that are marked (interpreted) were spoken by an interpreter present on the live call. The interpreter was provided by the company sponsoring this event.
Irish Times
22-05-2025
- Business
- Irish Times
In the heart of Dalkey: modern duplex living for €695,000
Address : 1 Castle Mews, Castle Street, Dalkey, Co Dublin Price : €695,000 Agent : Hunters View this property on The design of Castle Mews on Castle Street in Dalkey allows owners in the complex to enjoy all the benefits of living slap-bang in the middle of the village, without feeling like they are on show. The ground floor of the development is slightly elevated at street level, so while the residents can look out, nobody can look in. Number 1, a three-bed duplex, has come to the market through Hunters with a guide price of €695,000. At 94sq m (1,011sq ft), it is the largest property at Castle Mews, which has 13 units, a mix of apartments and duplexes. It is also one of the few homes on the scheme that has its own front door from the street. The Dalkey development was built 20 years ago, and the owner bought number 1 about 10 years ago. He rented it out for a few years while working in the US and when he returned last year, he decided it was time for a full renovation. Livingroom Dining area Kitchen It is now features engineered walnut floors throughout, three newly fitted bathrooms and a contemporary kitchen. For new owners it will be a case of unpacking and settling straight into life in the south Dublin seaside village. READ MORE The entrance to the duplex is on Castle Street with steps leading up to the front door. To one side of the hall is the livingroom, which is at the corner of the block creating a nice bright room, with an electric fire and acoustic wall panelling. There is a guest WC off the hallway, and across from the livingroom is the kitchen and dining area. The units in the kitchen are matt black and have marble-effect countertops that wrap around the room with a breakfast bar at the end. The dining area is beside two windows and is large enough to comfortably fit a table that seats six. Main bedroom Home office Communal terrace Upstairs there are three bedrooms and a bathroom. The main bedroom also has the corner aspect so it is bright and spacious, but comes with blackout electric blinds to ensure an uninterrupted sleep. The balcony off the room is the perfect spot for morning coffee, and the en-suite bathroom is fully tiled with Porcelanosa tiles and has a walk-in shower with matt-black fittings. The second bedroom is also a double room and the third has been fitted out as a home office. The main bathroom has a bath with fixed showerhead and is also tiled in Porcelanosa. [ Contemporary Foxrock three-bed with converted garage for €895,000 Opens in new window ] As well as the balcony, the duplex has access to a communal terrace with a southeast aspect. This is well maintained by the management company, with residents paying an annual fee of about €4,450 for the upkeep of the development. Number 1 has a C1 energy rating and comes with two secure parking spaces in the underground car park. The location in the centre of Dalkey village is hard to beat. You step out the front door and into the action, with Castle Mews just seconds away from restaurants, cafes and pubs. The Dart station is a five-minute walk away and the stop for the Aircoach is directly across the street.
Time of India
18-05-2025
- Entertainment
- Time of India
Solo Leveling: What Is the Eternal Sleep Disease? The mysterious illness that changed Jinwoo's life
Though the anime Solo Leveling transports viewers into a mystical world teeming with monsters, Hunters, and epic showdowns, it conceals a tragic secret within its thrilling narrative. Tired of too many ads? go ad free now One of the show's most tragic threads is the introduction of a mysterious affliction, called Eternal Sleep Disease , that sends patients into a coma-like stupor. Here's all you need to know about it, and why it's so vital to the story. What is eternal sleep disease in Solo Leveling? In Solo Leveling, Eternal Sleep Disease is a serious epidemic that causes its victims to fall into a deep sleep for years, stuck in what looks like an eternal coma. It is deeply felt by those who are sensitive to mana—the magical energies unleashed into the world after the Thirteenth Ziggurat Gate opened more than ten years before the game starts. These gates gave birth to Hunters, elite, magically enhanced humans who slay dangerous magical beasts, keeping them out of civilized society. Not everyone can afford to live close to this clean energy, let alone do so safely. For individuals like Jinwoo 's mom, Park Kyung Hye , just coming into contact with mana was enough to induce a deep sleep that lasted almost four years. How is eternal sleep linked to mana and hunters? Though the Eternal Sleep Disease is seen as primarily a consequence of exposure to mana. Those unable to withstand this fantastic power slowly start to fade to black. First, they can lose consciousness for brief intervals. With each episode, those episodes lengthen until eventually the individual descends into a lasting, coma-like condition—what the anime refers to as the 'Great Sleep.' Since hunters, who are natural mana emitters, produce an environment that is toxic to their loved ones, hunters are unwittingly killing those they care about merely by interacting with them. Tired of too many ads? go ad free now Victims of the disease require extensive medical treatment, including life-support machines run on essence stones—rare energy sources dug from dungeons. Unfortunately, each one of these machines are incredibly expensive, costing millions of dollars. This is why so many families aren't able to afford treatment. Why the eternal sleep disease matters to Jinwoo's story What sets Solo Leveling apart is that its main character is driven by more than just power. One of the motivations for him joining the Hunters – even though he is the weakest one initially – was to pay for his mother's care. Her ongoing struggle against Eternal Sleep Disease introduces high-stakes emotional conflict to the action-heavy series, illustrating the heavy toll of thriving in a vibrant, magical world fraught with peril. In episode 3 of the anime, Jinwoo makes a trip to his mother's hospital room shortly before entering a deadly new mysterious dungeon. This emotional scene lets audiences feel the full weight of how Alzheimer's disease has permeated every aspect of his life, lending a sense of urgency to his yearning to become stronger. Who has suffered from the disease in Solo Leveling? Up until now, only two major characters in the series have been diagnosed with ESD: Park Kyung Hye – Jinwoo's mother, who spent years in a miracle coma before being saved by her son. Yoo Myunghan – The father of Jinwoo's best friend, Yoo Jinho, who too succumbed to the disease after a long exposure to mana. Both of them were subsequently rescued by Jinwoo with a rare magical artifact, but their recovery was a miraculous turn of fortune. How was the disease cured? The role of the holy water of life While the disease has no known scientific cure in the real world or the world of Solo Leveling, Jinwoo eventually finds a magical one. Following the completion of 100 floors of the Demon Castle dungeon, he is rewarded with a valuable recipe for the Holy Water of Life , a potion with the power to cure any disease. After Jinwoo uses the first bottle to save his mother, in her hospital room, he then saves Yoo Myunghan, as well. Unfortunately, the potion can only be brewed six times, and all of its ingredients are so rare that this cure would be in practically no one else's reach. Why the disease as clever piece of worldbuilding The Eternal Sleep Disease isn't merely an unfortunate subplot—it's an intelligent portrayal from the creators of hidden costs of magic in our world. It beautifully serves as a reminder that the enchanting realm of Solo Leveling, though thrilling, poses tangible risks to even mundane citizens. It illustrates how new powers can alter social forces and social hierarchies. While some like Tara become more powerful as they awaken, others are abandoned—or even injured simply by being around them. This all raises profound moral questions about equity, sacrifice, and the true nature of strength. A heartbreaking mystery with real impact Eternal Sleep Disease is one of the most emotional and thought-provoking parts of Solo Leveling. It makes the magical world feel more real—and gives fans a powerful reason to root for Jinwoo as he risks everything to find a cure for his mother. As the anime continues, expect this storyline to play an even bigger role in his transformation from weak Hunter to the strongest of all.
Mint
13-05-2025
- Entertainment
- Mint
Zoe Kravitz joins cast of David Leitchs How To Rob A Bank
Washington [US], May 13 (ANI): Actress and filmmaker Zoe Kravitz has joined the cast of David Leitch's next movie 'How To Rob a Bank'. She is reuniting with her 'Mad Max: Fury Road' co-star Nicholas Hoult, who is also on board to star. Anna Sawai, Pete Davidson and Rhenzy Feliz are also on board. The picture, which stars Nicholas Hoult, Pete Davidson, and Anna Sawai, has a plot that's largely under wraps, but it involves smart bank robbers who share their heists on social media while evading police, as per Deadline. The film Leitch is directing will be released in theatres on September 4, 2026. Leitch and Kelly McCormick's 87 North is producing with Imagine Entertainment. The duo will produce alongside Imagine's Brian Grazer, Jeb Brody, and Allan Mandelbaum. Mark Bianculli (Hunters, upcoming Cliffhanger reboot) wrote the script and will also executive produce, reported Deadline. Besides Hoult, this also marks a reunion between Kravitz and Amazon MGM, where she helmed Blink Twice, which marked her directorial debut. The film earned strong reviews and put Kravitz on the map as a director, as per the outlet. Meanwhile, Zoe is in talks to direct 'How to Save a Marriage' for Sony Pictures. Ross Evans penned the script, and Robert Pattinson is producing with partner Brighton McCloskey via their Icki Eneo Arlo banner along with Geoff Shaevitz and Evan Silverberg via Entertainment 360, reported Deadline. However, the plot details are kept under wraps, as per the studio source, the project is still under development. On the acting front, Kravitz can be seen next opposite Austin Butler in the Darren Aronofsky thriller Caught Stealing, reported Deadline. (ANI)
Yahoo
12-05-2025
- Entertainment
- Yahoo
Rhenzy Feliz Latest To Join David Leitch's ‘How To Rob A Bank' For Amazon MGM Studios
EXCLUSIVE: The Penguin breakout Rhenzy Feliz is the newest addition to the cast of How to Rob a Bank, director David Leitch's bank heist actioner for Amazon MGM Studios, Imagine Entertainment, and 87North Productions. Written by Mark Bianculli (Hunters, upcoming Cliffhanger reboot), the film's plot remains under wraps for now, as does Feliz's role alongside Nicholas Hoult, Anna Sawai, and Pete Davidson. More from Deadline Betsy Brandt, Aya Cash, Ella Rubin, Thomas Sadoski & Mimi Rogers To Star In Coming-of-Age Dramedy 'Adult Children' Paul Walter Hauser, Lili Reinhart, Tim Roth, Jake Lacy, Jai Courtney & Kerry Bishé Set For Comedic Thriller 'The Very Best People' David Leitch's Action Pic 'How To Rob A Bank' Steals Labor Day Weekend 2026 Release Date 87North's Kelly McCormick and Leitch will produce alongside Imagine's Brian Grazer, Jeb Brody, and Allan Mandelbaum, with Bianculli exec producing. The film enters production this summer and is slated for release in theaters on September 4, 2026. Feliz garnered rave reviews for his work alongside Colin Farrell and Cristin Milioti in the Golden Globe and Critics Choice- nominated HBO series The Penguin, a limited series following the efforts of Oswald Cobb aka The Penguin (Farrell) to seize the reins of the crime world in Gotham. Feliz plays Cobb's lovable protégé, Victor Aguilar, and will next be seen in The Mastermind, a crime flick from writer-director Kelly Reichardt, which is set to premiere at Cannes next week. Previously, Feliz has also featured in George Clooney's Amazon film The Tender Bar and the Oscar-winning animated feature Encanto, as well as both the acclaimed dramedy Casual and Marvel's Runaways at Hulu. He is repped by Neon Kite, CAA, and Goodman, Genow, Schenkman. Best of Deadline 2025-26 Awards Season Calendar: Dates For Tonys, Emmys, Oscars & More Men of Steel: Every Actor Who Has Played Superman - Photo Gallery 'Michael' Cast: Who's Who In The Michael Jackson Biopic
