Latest news with #Magnite
Japan Today
6 hours ago
- Automotive
- Japan Today
Nissan racks up red ink, but the Japanese automaker promises a return to profit later this year
By Yuri Kageyama Japanese automaker Nissan Motor Corp sank into a 115.8 billion yen ($782 million) loss for April-June, but promised Wednesday to return to profitability later this year. Nissan did not give a full year net profit forecast. It recorded a 28.6 billion yen profit during the April-June quarter last year. Quarterly sales for the current fiscal year slipped nearly 10% to 2.7 trillion yen ($18 billion). The maker of the Leaf electric car and Infiniti luxury models said the results were better than expected. But it faces 'headwinds,' including declining sales, unfavorable exchange rates and President Donald Trump's tariffs. Ivan Espinosa, who took the helm at Nissan in April replacing Makoto Uchida, said the company's recovery plan remained urgent. Uchida stepped down to take responsibility for the dismal fiscal results. Espinosa noted the initial steps of the company's revival plan were kicking in, including cutting costs, realigning products, reshaping a market strategy and strengthening partnerships. 'We must now go further and faster to achieve profitability. Everyone at Nissan is united in delivering a recovery that will ensure a sustainable and profitable future,' he said. Nissan, based in the port city of Yokohama, has been struggling but is promising a turnaround under Espinosa, a Mexican with two decades of experience at Nissan. The company said some of its models, such as the N7 in China and the Magnite in Mexico, have been selling well recently. Nissan recently ditched talks with Japanese rival Honda Motor Co. to set up a joint holding company. They said they will continue to cooperate on technology development. Nissan is closing its flagship factory in Opama, Kanagawa Prefecture, by the end of the 2027 fiscal year, moving production there to another plant in southwestern Japan. Nissan is also slashing 15% of its global work force, or about 20,000 employees. That includes a 9,000 head count reduction announced late last year. © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
Globe and Mail
12 hours ago
- Business
- Globe and Mail
FanDuel Sports Network Scales Live Sports Monetization with Magnite
NEW YORK, July 30, 2025 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the largest independent sell-side advertising company, today announced strong momentum in its collaboration with FanDuel Sports Network. The network has seen a 25% year-over-year increase in total impressions served through Magnite's SpringServe video platform as it accelerates its investment in live sports streaming. As more viewers shift toward streaming live sports content, FanDuel Sports Network is leaning into Magnite technology to boost monetization of its high-value inventory and preserve the high-quality viewing experience that live sports audiences expect. SpringServe's advanced ad serving, programmatic, and mediation capabilities help FanDuel Sports Network more effectively manage direct and programmatic demand, maximizing yield and helping advertisers reach engaged sports fans, while Ad Quality and Live Stream Acceleration tools help deliver smarter, more relevant ad experiences. "Live sports are one of the most powerful formats for engaging audiences, but they also present unique monetization challenges. Magnite's SpringServe empowers us with the sophisticated tools we need to stay ahead of audience expectations, and has been instrumental in our digital evolution," said Kevin Connelly, Senior Director, Programmatic Sales and Business Development at FanDuel Sports Network. 'FanDuel Sports Network is building a smarter, fan-first platform with unmatched scale and flexibility, and that requires ad tech partners who can move just as fast, and Magnite's SpringServe is doing just that,' added Jim Keller, Executive Vice President, Head of Advertising and Sponsorship Sales at FanDuel Sports Network. 'As live sports consumption continues its rapid shift to digital, publishers need agile infrastructure purpose-built for streaming monetization,' said Chris Signore, Group VP, Business Development at Magnite. 'FanDuel Sports Network is raising the bar for what innovative, data-driven sports streaming can look like, and we're proud to continue helping power their growth as they expand their premium streaming footprint.' 'FanDuel Sports Network and Magnite have demonstrated through their collaboration that when biddable live sports is done right, we consistently see media contribute to positive business outcomes. We are constantly seeking out high-quality and direct supply, which the teams have built here,' said Gary Guarnaccia, Head of Investment and Ad Tech at Bayer Healthcare. According to eMarketer, digital live sports viewership in the U.S. is projected to grow more than 14% in 2025, driven by cord-cutting and the rise of streaming as the primary destination for sports fans. FanDuel Sports Network's collaboration with Magnite ensures they are well-positioned to capitalize on this momentum. About Magnite We're Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising company. Publishers use our technology to monetize their content across all screens and formats including CTV, online video, display, and audio. The world's leading agencies and brands trust our platform to access brand-safe, high-quality ad inventory and execute billions of advertising transactions each month. Anchored in bustling New York City, sunny Los Angeles, mile high Denver, historic London, colorful Singapore, and down under in Sydney, Magnite has offices across North America, EMEA, LATAM, and APAC. About Main Street Sports Group Main Street Sports Group owns FanDuel Sports Network, the nation's leading multiplatform provider of local sports, offering fans widescale availability and optionality to view their local teams. FanDuel Sports Network serves as the local media partner and home to select MLB, NHL and NBA teams and produces over 3,000 live sports events year-round. Main Street Sports Group harnesses its powerful partnerships, in-house direct-to-consumer streaming product and innovative strategies to reach audiences and deliver programming seamlessly across streaming platforms, connected devices and leading pay TV providers. Its 15 owned-and-operated networks include FanDuel Sports Network Detroit, FanDuel Sports Network Florida, FanDuel Sports Network Kansas City, FanDuel Sports Network Indiana, FanDuel Sports Network Midwest, FanDuel Sports Network North, FanDuel Sports Network Ohio, FanDuel Sports Network Oklahoma, FanDuel Sports Network SoCal, FanDuel Sports Network South, FanDuel Sports Network Southeast, FanDuel Sports Network Southwest, FanDuel Sports Network Sun, FanDuel Sports Network West, and FanDuel Sports Network Wisconsin. Main Street Sports Group also has a minority interest in YES Network, the local destination for the New York Yankees and Brooklyn Nets.
15 hours ago
- Automotive
Nissan racks up red ink, but the Japanese automaker promises a return to profit later this year
TOKYO -- Japanese automaker Nissan sank into a 115.8 billion yen ($782 million) loss for April-June, but promised Wednesday to return to profitability later this year. Nissan Motor Corp. did not give a full year net profit forecast. It recorded a 28.6 billion yen profit during the April-June quarter last year. Quarterly sales for the current fiscal year slipped nearly 10% to 2.7 trillion yen ($18 billion). The maker of the Leaf electric car and Infiniti luxury models said the results were better than expected. But it faces 'headwinds,' including declining sales, unfavorable exchange rates and President Donald Trump's tariffs. Ivan Espinosa, who took the helm at Nissan in April replacing Makoto Uchida, said the company's recovery plan remained urgent. Uchida stepped down to take responsibility for the dismal fiscal results. Espinosa noted the initial steps of the company's revival plan were kicking in, including cutting costs, realigning products, reshaping a market strategy and strengthening partnerships. 'We must now go further and faster to achieve profitability. Everyone at Nissan is united in delivering a recovery that will ensure a sustainable and profitable future,' he said. Nissan, based in the port city of Yokohama, has been struggling but is promising a turnaround under Espinosa, a Mexican with two decades of experience at Nissan. The company said some of its models, such as the N7 in China and the Magnite in Mexico, have been selling well recently. Nissan recently ditched talks with Japanese rival Honda Motor Co. to set up a joint holding company. They said they will continue to cooperate on technology development. Nissan is closing its flagship factory in Oppama, Japan, outside Tokyo, by the end of the 2027 fiscal year, moving production there to another plant in southwestern Japan. Nissan is also slashing 15% of its global work force, or about 20,000 employees. That includes a 9,000 head count reduction announced late last year.
San Francisco Chronicle
19 hours ago
- Automotive
- San Francisco Chronicle
Nissan racks up red ink, but the Japanese automaker promises a return to profit later this year
TOKYO (AP) — Japanese automaker Nissan sank into a 115.8 billion yen ($782 million) loss for April-June, but promised Wednesday to return to profitability later this year. Nissan Motor Corp. did not give a full year net profit forecast. It recorded a 28.6 billion yen profit during the April-June quarter last year. Quarterly sales for the current fiscal year slipped nearly 10% to 2.7 trillion yen ($18 billion). The maker of the Leaf electric car and Infiniti luxury models said the results were better than expected. But it faces 'headwinds,' including declining sales, unfavorable exchange rates and President Donald Trump's tariffs. Ivan Espinosa, who took the helm at Nissan in April replacing Makoto Uchida, said the company's recovery plan remained urgent. Uchida stepped down to take responsibility for the dismal fiscal results. Espinosa noted the initial steps of the company's revival plan were kicking in, including cutting costs, realigning products, reshaping a market strategy and strengthening partnerships. 'We must now go further and faster to achieve profitability. Everyone at Nissan is united in delivering a recovery that will ensure a sustainable and profitable future,' he said. Nissan, based in the port city of Yokohama, has been struggling but is promising a turnaround under Espinosa, a Mexican with two decades of experience at Nissan. The company said some of its models, such as the N7 in China and the Magnite in Mexico, have been selling well recently. Nissan recently ditched talks with Japanese rival Honda Motor Co. to set up a joint holding company. They said they will continue to cooperate on technology development. Nissan is closing its flagship factory in Oppama, Japan, outside Tokyo, by the end of the 2027 fiscal year, moving production there to another plant in southwestern Japan.
Winnipeg Free Press
19 hours ago
- Automotive
- Winnipeg Free Press
Nissan racks up red ink, but the Japanese automaker promises a return to profit later this year
TOKYO (AP) — Japanese automaker Nissan sank into a 115.8 billion yen ($782 million) loss for April-June, but promised Wednesday to return to profitability later this year. Nissan Motor Corp. did not give a full year net profit forecast. It recorded a 28.6 billion yen profit during the April-June quarter last year. Quarterly sales for the current fiscal year slipped nearly 10% to 2.7 trillion yen ($18 billion). The maker of the Leaf electric car and Infiniti luxury models said the results were better than expected. But it faces 'headwinds,' including declining sales, unfavorable exchange rates and President Donald Trump's tariffs. Ivan Espinosa, who took the helm at Nissan in April replacing Makoto Uchida, said the company's recovery plan remained urgent. Uchida stepped down to take responsibility for the dismal fiscal results. Espinosa noted the initial steps of the company's revival plan were kicking in, including cutting costs, realigning products, reshaping a market strategy and strengthening partnerships. 'We must now go further and faster to achieve profitability. Everyone at Nissan is united in delivering a recovery that will ensure a sustainable and profitable future,' he said. Nissan, based in the port city of Yokohama, has been struggling but is promising a turnaround under Espinosa, a Mexican with two decades of experience at Nissan. The company said some of its models, such as the N7 in China and the Magnite in Mexico, have been selling well recently. Monday Mornings The latest local business news and a lookahead to the coming week. Nissan recently ditched talks with Japanese rival Honda Motor Co. to set up a joint holding company. They said they will continue to cooperate on technology development. Nissan is closing its flagship factory in Oppama, Japan, outside Tokyo, by the end of the 2027 fiscal year, moving production there to another plant in southwestern Japan. Nissan is also slashing 15% of its global work force, or about 20,000 employees. That includes a 9,000 head count reduction announced late last year. ___ Yuri Kageyama is on Threads:
