Latest news with #RestOfWorld
Yahoo
2 days ago
- Business
- Yahoo
FuboTV Inc (FUBO) Q2 2025 Earnings Call Highlights: A Milestone Quarter with Positive Adjusted ...
North America Revenue: $371 million, down 3% year over year. North America Paid Subscribers: 1,356,000, down 6.5% year over year. Rest of World Revenue: $8.7 million, up 4.7% year over year. Rest of World Paid Subscribers: 349,000, down 12.5% year over year. Ad Revenue in North America: $25.5 million, a 2% year-over-year decline. Net Loss: $8 million or $0.02 per share, compared to a loss of $25.8 million or $0.08 per share a year ago. Adjusted EBITDA: $20.7 million, marking the first quarter of positive adjusted EBITDA. Net Cash Used in Operating Activities: $34.6 million. Free Cash Flow: Negative $37.7 million, a decline of $2.4 million year over year. Cash, Cash Equivalents, and Restricted Cash: Over $285 million at the end of the quarter. Warning! GuruFocus has detected 5 Warning Sign with FUBO. Release Date: August 08, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points FuboTV Inc (NYSE:FUBO) reported its first quarter of positive adjusted EBITDA, marking a significant milestone for the company. The global streaming business exceeded both revenue and subscriber expectations in the second quarter. FuboTV Inc (NYSE:FUBO) launched a pay-per-view feature, expanding its reach and creating a pathway to convert casual viewers into subscribers. The company formed a content partnership with DAZN, enhancing its sports streaming offerings and increasing visibility. FuboTV Inc (NYSE:FUBO) introduced personalized features like Catch Up To Live and Game Highlights, optimizing the live sports viewing experience. Negative Points North America revenue decreased by 3% year over year, and paid subscribers declined by 6.5%. In the Rest of World, paid subscribers fell by 12.5% year over year. Ad revenue in North America declined by 2% due to the loss of certain ad-insertable content. Free cash flow declined by $2.4 million year over year to negative $37.7 million. The company faces a competitive market environment, impacting marketing efforts and subscriber growth. Q & A Highlights Q: Congrats on the EBITDA profitability. Can you discuss subscriber expectations for the third quarter, considering the competitive environment and new product launches? A: John Janedis, CFO: July finished in line with expectations for subscribers. With the fall sports season approaching, we expect a typical seasonal uptick and reactivations. The market is competitive, so we focus on subscriber acquisition cost (SAC) conversion and churn. David Gandler, CEO: We see strong retention in our core English product and believe efficient marketing will lead to greater retention into the football season. Q: Can you update us on the French acquisition and its impact on Fubo? A: David Gandler, CEO: The acquisition has integrated our technology teams, enhancing our technology stack. We are discussing significant sports rights in France, which we expect to come online soon. We haven't yet provided Molotov with our ad technology, but plan to do so by the end of Q4 2025 or early 2026. Q: How are ad trends performing, and is the Fubo Sports Network FAST channel offsetting any declines? A: John Janedis, CFO: Auto softness continues, but overall ad decline isn't significant. Retail e-commerce and tech categories are strong. The FAST channels contribute high single digits to ad revenue and are growing in strong double digits, providing a modest positive tailwind. Q: Without guidance this quarter, what is the directional trend for EBITDA? A: John Janedis, CFO: Our business is seasonal, with Q2 typically being the strongest for adjusted EBITDA. In the back half of the year, while we grow subs, marketing costs also increase. Normal seasonal trends for profitability should continue. Q: What were the factors behind the revised subscriber guidance for Q2? A: John Janedis, CFO: We exceeded the original guide by about 100,000 subscribers due to strong interest in the Latino product after a price reduction and better retention trends. David Gandler, CEO: Despite losing content partners like Warner Bros. Discovery and Univision, we've seen strong conversion on Latino packages and stabilized the advertising business. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Globe and Mail
3 days ago
- Business
- Globe and Mail
Fubo's Global Streaming Business Exceeded Subscriber, Revenue Guidance in Q2 2025
FuboTV Inc. (d/b/a/ Fubo) (NYSE: FUBO), the leading sports-first live TV streaming platform, today announced its financial results for the second quarter ended June 30, 2025. In the second quarter, Fubo's global streaming business exceeded subscriber and revenue guidance. Fubo delivered North America total revenue of $371.3 million, down 3% year-over-year (YoY), and 1.356 million paid subscribers, down 6.5% YoY. In the Rest of World (ROW), Fubo delivered $8.7 million in total revenue, up 4.7% YoY, and 349,000 paid subscribers, down 12.5% YoY. Fubo states its key metrics on a YoY basis given the seasonality of sports content. Net loss from continuing operations in the second quarter was $8.0 million, leading to an earnings per share (EPS) loss of $0.02. This compares favorably to a Net loss from continuing operations of $25.8 million, or an EPS loss of $0.08, in the second quarter 2024. Adjusted EPS in the second quarter was $0.05, compared to an adjusted EPS loss of $0.04 in the second quarter 2024. Adjusted EPS excludes the impact of stock-based compensation, amortization of intangibles, gain on extinguishment of debt, amortization of debt premium, net, certain litigation and transaction expenses and gain on settlement of litigation, net. In the second quarter, Adjusted EBITDA (AEBITDA) was $20.7 million, a $31.7 million improvement when compared to the second quarter 2024, representing Fubo's first quarter of positive AEBITDA. Net cash used in operating activities in the second quarter was -$34.6 million, a $2.7 million decrease compared to the second quarter 2024, and Free Cash Flow in the second quarter was -$37.7 million, a decrease of $2.4 million compared to the second quarter 2024. Fubo ended the quarter with $289.7 million in cash, cash equivalents and restricted cash on hand. Complete second quarter 2025 results are detailed in Fubo's shareholder letter available on the Company's IR site. 'The second quarter of 2025 marked a pivotal milestone in Fubo's business,' said David Gandler, co-founder and CEO, Fubo. 'Our continued focus on delivering choice and flexibility to consumers positions us well to capitalize on emerging opportunities as the traditional content landscape continues to evolve.' 'We are pleased with our second quarter results including top-line outperformance,' said Edgar Bronfman Jr., executive chairman, Fubo. 'We continue to innovate our sports entertainment streaming platform striving for unparalleled product quality and a frictionless content experience, and look forward to keeping shareholders updated on our progress.' Live Webcast Gandler and CFO John Janedis will host a live conference call today at 8:30 a.m. ET to deliver brief remarks followed by Q&A. The live webcast will be available on the Events & Presentations page of Fubo's investor relations website. An archived replay will be available on Fubo's website following the call. Participants should join the call 10 minutes in advance to ensure that they are connected prior to the event. About Fubo With a global mission to aggregate the best in TV, including premium sports, news and entertainment content, through a single app, FuboTV Inc. (d/b/a Fubo) (NYSE: FUBO) aims to transcend the industry's current TV model. Ranked among The Americas' Fastest-Growing Companies 2025 by the Financial Times, the company operates Fubo in the U.S., Canada and Spain and Molotov in France. In the U.S., Fubo is a sports-first cable TV replacement product aggregating more than 400 live sports, news and entertainment networks and is the only live TV streaming platform with every English-language Nielsen-rated sports channel (source: Nielsen Total Viewers, 2024). Leveraging Fubo's proprietary data and technology platform optimized for live TV and sports viewership, subscribers can engage with the content they are watching through an intuitive and personalized streaming experience. Fubo has continuously pushed the boundaries of live TV streaming, and was the first virtual MVPD to launch 4K streaming, MultiView and personalized game alerts. Learn more at Basis of Presentation – Continuing Operations In connection with the dissolution of Fubo Gaming, Inc. and termination of Fubo Sportsbook, the assets and liabilities and the operations of our former wagering reportable segment are presented as discontinued operations in our consolidated financial statements. With respect to our continuing operations, we operate as a single reportable segment. Financial information presented in this release reflects Fubo's results on a continuing operations basis, which excludes our former wagering reportable segment. Key Performance Metrics and Non-GAAP Measures Paid Subscribers We believe the number of paid subscribers is a relevant measure to gauge the size of our user base. Paid subscribers ('subscribers') are total subscribers that have completed registration with Fubo, have activated a payment method (only reflects one paying user per plan), from which Fubo has collected payment in the month ending the relevant period. Users who are on a free (trial) period are not included in this metric. Adjusted EBITDA Adjusted EBITDA is a non-GAAP measure defined as Net income (loss) from continuing operations, adjusted for depreciation and amortization, impairment of other assets, stock-based compensation, certain litigation and transaction expenses, other (income) expense, and income tax provision (benefit). Certain litigation expenses consist of legal expenses and related fees and costs for specific proceedings that we have determined arise outside of the ordinary course of business and do not consider representative of our underlying operating performance, based on the several considerations which we assess regularly, including: (1) the frequency of similar cases that have been brought to date, or are expected to be brought in the future; (2) matter-specific facts and circumstances, such as the unique nature or complexity of the case and/or remedy(ies) sought, including the size of any monetary damages sought; (3) the counterparty involved; and (4) the extent to which management considers these amounts for purposes of operating decision-making and in assessing operating performance. Certain transaction expenses consist of professional advisor costs related to the pending business combination with Hulu + Live TV. Adjusted EPS (Earnings per Share) Adjusted EPS is a non-GAAP measure defined as Adjusted Net Loss divided by weighted average shares outstanding. Adjusted Net Loss Adjusted Net Loss is a non-GAAP measure defined as Net income (loss) attributable to common shareholders, adjusting for discontinued operations, stock-based compensation, amortization of debt premium, net, amortization of intangibles, gain on extinguishment of debt, gain on settlement of litigation, net and certain litigation and transaction expenses (as described further above, see 'Adjusted EBITDA'). Free Cash Flow Free Cash Flow is a non-GAAP measure defined as Net cash provided by (used in) operating activities - continuing operations, reduced by capital expenditures (consisting of purchases of property and equipment), capitalization of internal use software, purchases of intangible assets and gain on settlement of litigation, net. We believe Free Cash Flow is an important liquidity measure of the cash that is available for operational expenses, investments in our business, strategic acquisitions, and for certain other activities such as repaying debt obligations and stock repurchases. Free Cash Flow is a key financial indicator used by management. Free Cash Flow is useful to investors as a liquidity measure because it measures our ability to generate or use cash. The use of Free Cash Flow as an analytical tool has limitations due to the fact that it does not represent the residual cash flow available for discretionary expenditures. Because of these limitations, Free Cash Flow should be considered along with other operating and financial performance measures presented in accordance with GAAP. Certain measures used in this release, including Adjusted EBITDA, Adjusted Net Loss, Adjusted EPS and Free Cash Flow, are non-GAAP financial measures. We believe these are useful financial measures for investors as they are supplemental measures used by management in evaluating our core operating performance. Our non-GAAP financial measures have limitations as analytical tools, and you should not consider them in isolation or as a substitute for an analysis of our results under GAAP. There are a number of limitations related to the use of these non-GAAP financial measures versus their nearest GAAP equivalents. First, these non-GAAP financial measures are not a substitute for GAAP financial measures. Second, these non-GAAP financial measures may not provide information directly comparable to measures provided by other companies in our industry, as those other companies may calculate their non-GAAP financial measures differently. The following tables include reconciliations of the non-GAAP financial measures used in this press release to their most directly comparable GAAP financial measures. fuboTV Inc. Reconciliation of Net Income (Loss) from Continuing Operations to Non-GAAP Adjusted EBITDA (TTM) (in thousands) Year-over-Year Comparison Trailing Twelve Months Ended June 30, 2025 June 30, 2024 Reconciliation of Net Income (Loss) from Continuing Operations to Adjusted EBITDA Net income (loss) from continuing operations $ 84,846 $ (237,689 ) Depreciation and amortization 39,814 37,521 Impairment of other assets 3,813 - Stock-based compensation 30,945 47,756 Certain litigation and transaction expenses (1) 36,866 7,744 Other (income) expense (218,546 ) (16,244 ) Income tax provision (benefit) 5,247 (432 ) Adjusted EBITDA (TTM) (17,015 ) (161,344 ) fuboTV Inc. Reconciliation of Net Cash Provided by (Used in) Operating Activities - Continuing Operations to Free Cash Flow (in thousands) Year-over-Year Comparison Three Months Ended June 30, 2025 June 30, 2024 Net cash provided by (used in) operating activities - continuing operations $ (34,617 ) $ (31,874 ) Subtract: Purchases of property and equipment (366 ) (208 ) Capitalization of internal use software (2,860 ) (3,221 ) Purchase of intangible assets (50 ) - Gain on settlement of litigation, net 153 - Free Cash Flow (37,740 ) (35,303 ) fuboTV Inc. Reconciliation of Net Cash Provided by (Used in) Operating Activities - Continuing Operations to Free Cash Flow (TTM) (in thousands) Year-over-Year Comparison Trailing Twelve Months Ended June 30, 2025 June 30, 2024 Net cash provided by (used in) operating activities - continuing operations $ 150,078 $ (123,898 ) Subtract: Purchases of property and equipment (3,125 ) (1,120 ) Capitalization of internal use software (10,851 ) (15,708 ) Purchase of intangible assets (1,150 ) (4,132 ) Gain on settlement of litigation, net (219,542 ) - Free Cash Flow (TTM) (84,590 ) (144,858 ) Three Months Ended June 30, 2025 June 30, 2024 Net income (loss) attributable to common shareholders $ (8,030 ) $ (25,272 ) Subtract: Net income (loss) from discontinued operations, net of tax - 106 Net income (loss) from continuing operations attributable to common shareholders (8,030 ) (25,378 ) Net income (loss) from continuing operations attributable to common shareholders (8,030 ) (25,378 ) Stock-based compensation 8,256 10,308 Amortization of debt premium, net (367 ) (268 ) Amortization of intangibles 9,776 9,179 Gain on extinguishment of debt - (12,124 ) Gain on settlement of litigation, net 153 - Certain litigation and transaction expenses (1) 8,271 4,856 Adjusted net loss from continuing operations 18,059 (13,427 ) Weighted average shares outstanding: Adjusted EPS from continuing operations - basic $ 0.05 $ (0.04 ) Adjusted EPS from continuing operations - diluted $ 0.05 $ (0.04 ) (1) Certain litigation expenses consist of legal expenses and related fees for specific proceedings that we have determined arise outside of the ordinary course of business and do not consider representative of our underlying operating performance. For the periods presented, the adjustment included expenses attributable to antitrust and data privacy litigation. Certain transaction expenses consist of professional advisor costs related to the pending business combination with Hulu + Live TV. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements of FuboTV Inc. ('Fubo') that involve substantial risks and uncertainties. All statements contained in this press release that do not relate to matters of historical fact are forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995, including statements regarding our business strategy and plans, our offerings, our pending business combination with Hulu + Live TV (the 'Transactions') and the potential benefits thereof, consumer preferences, our financial condition, our anticipated financial performance and our future approach with respect to guidance. The words 'could,' 'will,' 'plan,' 'intend,' 'anticipate,' 'approximate,' 'expect,' 'potential,' 'believe' or the negative of these terms or other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements that Fubo makes due to a number of important factors, including but not limited to the following: our ability to achieve or maintain profitability; risks related to our access to capital and fundraising prospects to fund our financial operations and support our planned business growth; our revenue and gross profit are subject to seasonality; our operating results may fluctuate; our ability to effectively manage our growth; risks related to the Transactions; the long-term nature of our content commitments; our ability to renew our long-term content contracts on sufficiently favorable terms; our ability to attract and retain subscribers; obligations imposed on us through our agreements with certain distribution partners; we may not be able to license streaming content or other rights on acceptable terms; the restrictions imposed by content providers on our distribution and marketing of our products and services; our reliance on third party platforms to operate certain aspects of our business; risks related to the difficulty in measuring key metrics related to our business; risks related to preparing and forecasting our financial results; risks related to the highly competitive nature of our industry; risks related to our technology, as well as cybersecurity and data privacy-related risks; risks related to ongoing or future legal proceedings; and other risks, including the effects of industry, market, economic, political or regulatory conditions, future exchange and interest rates, and changes in tax and other laws, regulations, rates and policies. Further risks that could cause actual results to differ materially from those matters expressed in or implied by such forward-looking statements are discussed in our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025 filed with the Securities and Exchange Commission ('SEC'), our Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025 to be filed with the SEC and our other periodic filings with the SEC. We encourage you to read such risks in detail. The forward-looking statements in this press release represent Fubo's views as of the date of this press release. Fubo anticipates that subsequent events and developments will cause its views to change. However, while it may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so. You should, therefore, not rely on these forward-looking statements as representing Fubo's views as of any date subsequent to the date of this press release. Additional Information and Where to Find It This press release and the information contained herein shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities or a solicitation of any proxy, vote or approval, nor shall there be any issuance or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The Transactions will be submitted to the shareholders of Fubo for their consideration and approval at a special meeting. In connection with the Transactions, Fubo filed a preliminary proxy statement with the SEC on July 28, 2025 (the 'Preliminary Proxy Statement'). Once the SEC completes its review of the Preliminary Proxy Statement, a definitive proxy statement and a form of proxy will be filed with the SEC and mailed or otherwise furnished to the shareholders of Fubo. Before making any voting decision, Fubo shareholders are urged to read the definitive proxy statement in its entirety, when it becomes available, and any other documents to be filed with the SEC in connection with the Transactions or incorporated by reference in the proxy statement (including any amendments or supplements to these documents), if any, because they will contain important information about the Transactions and the parties to the Transactions. This communication is not a substitute for the proxy statement or any other document that may be filed by Fubo with the SEC or sent to its shareholders in connection with the Transactions. Fubo investors and shareholders may obtain a free copy of the Preliminary Proxy statement, definitive proxy statement and other documents filed by Fubo with the SEC at the SEC's website at In addition, Fubo investors and shareholders may obtain a free copy of Fubo's filings with the SEC from Fubo's website at or by directing a request by mail to Fubo, 1290 Avenue of the Americas, New York, NY 10104, or telephone to (212) 672-0055. Participants in the Solicitation The Company and its directors and executive officers and other members of management and employees may, under the rules of the SEC, be deemed to be participants in the solicitation of proxies from the shareholders of the Company in respect of the Transactions. Information regarding Fubo's directors and executive officers is contained in the definitive proxy statement on Schedule 14A for Fubo's 2025 annual meeting of shareholders (the '2025 Proxy Statement'), filed with the SEC on April 29, 2025. Additional information regarding the persons who are, under the rules of the SEC, participants in the solicitation of the shareholders of Fubo in connection with the Transactions, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in the Preliminary Proxy Statement. To the extent holdings of Fubo's securities by Fubo's directors and executive officers change from the amounts set forth in the Preliminary Proxy Statement, such changes have been or will be reflected on Statements of Changes of Beneficial Ownership of Securities on Form 4 filed with the SEC. Fubo investors and shareholders may obtain free copies of these filings from the SEC's website at or from Fubo's website at
Yahoo
02-08-2025
- Business
- Yahoo
Here's What Key Metrics Tell Us About Moderna (MRNA) Q2 Earnings
For the quarter ended June 2025, Moderna (MRNA) reported revenue of $142 million, down 41.1% over the same period last year. EPS came in at -$2.13, compared to -$3.33 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $127.17 million, representing a surprise of +11.66%. The company delivered an EPS surprise of +28.76%, with the consensus EPS estimate being -$2.99. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Moderna performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Product sales- United States: $88 million versus the three-analyst average estimate of $28.31 million. The reported number represents a year-over-year change of -45.7%. Product sales- Rest of world: $26 million compared to the $42.95 million average estimate based on two analysts. The reported number represents a change of +18.2% year over year. Revenue- Net Product sales: $114 million versus $81.42 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a -38% change. Revenue- Other revenue: $28 million versus the six-analyst average estimate of $25.13 million. The reported number represents a year-over-year change of -50.9%. Revenue- Other revenue- Grant revenue: $5 million compared to the $6.16 million average estimate based on three analysts. Revenue- Other revenue- Licensing & royalty revenue: $2 million versus $10.65 million estimated by two analysts on average. Revenue- Other revenue- Collaboration revenue: $4 million versus the two-analyst average estimate of $7.5 million. View all Key Company Metrics for Moderna here>>> Shares of Moderna have returned -3.1% over the past month versus the Zacks S&P 500 composite's +2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Moderna, Inc. (MRNA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
Forbes
30-07-2025
- Business
- Forbes
How AI Could Spark A Jobs Revolution In Africa: Sam Alemeyahu's Vision
While the world debates whether AI will destroy jobs, Sam Alemayehu wants to talk about the ones that never existed in the first place. The Ethiopian-American investor and entrepreneur has built his career around challenging assumptions — whether by turning landfills into power plants or by turning scarcity into opportunity. Known as 'Garbage Sam' for his pioneering work on Africa's first waste-to-energy facility, Alemayehu is now applying that same systems lens to a broader question: How do we design abundance? In a recent essay for Rest of World, Alemayehu introduced the provocative concept of 'latent jobs' — roles that should exist but don't, because legacy systems made them economically impossible. He argues that AI, far from being a threat, could finally unleash a new tier of professionals across Africa — if we let it. We spoke about waste, imagination, and what it means to build systems designed for as 'Garbage Sam' for his pioneering work on Africa's first waste-to-energy facility, Sam ... More Alemayehu is now applying that same systems lens to a broader question: How do we design abundance? Q&A Sylvana Q. Sinha: In your recent piece for Rest of World, you argue that AI could help create new jobs across Africa — roles that never existed before. What kind of jobs are you talking about, and why do they matter? Sam Alemayehu: I call them 'Latent Jobs.' They are essential roles that have never emerged — not because there's no demand, but because the cost of creating and sustaining them under our traditional systems is too high. We don't just have a shortage of professionals in Africa; we have a shortage of affordable access to expertise. Take healthcare. Ethiopia has fewer than 10,000 physicians for over 120 million people. But there are more Ethiopian-trained doctors in places like D.C. and Chicago than in the country itself. It's not a talent shortage — it's a system failure. AI changes that. It breaks the cost structure. A radiologist's expertise can be delivered, in part, by an AI diagnostic tool for a fraction of the price. Suddenly, that 'latent job' — a role that previously didn't exist because it was economically unviable — becomes real. And not just one job, but Q. Sinha: Fascinating! What's another example of a latent job? Sam Alemayehu: It's a pattern that's emerging everywhere, creating an entirely new class of tech-enabled professionals. Think of a community health worker in Lusaka using an AI that analyzes a baby's cry to detect birth asphyxia instantly. Picture an agronomist in Ethiopia using a drone to guide a hundred farms at once, stopping crop disease in its tracks. Imagine a paralegal in Lagos delivering affordable, AI-vetted contracts to small businesses right through WhatsApp. Or a surveyor in rural Peru using AI to map a ravine and design a safe footbridge in an afternoon, a study that once took months and was prohibitively expensive. Each of these was a 'latent job.: The need was immense, but the old model was too slow and too costly. Technology is the catalyst that finally makes these essential roles real, affordable, and Q. Sinha: I love this framing. It reminds me of Nobel laureate Amartya Sen's insight from his work on famines, especially in Poverty and Famines (1981): People don't starve because there's no food — they starve because they can't access it. It's not about scarcity, but about systems. You call this systemic failure the 'Scarcity Tax.' What do you mean by that? Sam Alemayehu: The Scarcity Tax is the invisible, uncounted cost of a system that fails to make expertise accessible. It's a price paid daily by citizens, farmers, and entrepreneurs, particularly in the Global South. It's the crop lost because a farmer couldn't get an agronomist's advice. It's the failed business because a founder couldn't afford a lawyer. It's the child who dies from a treatable illness because a doctor wasn't nearby. What's tragic is that this tax isn't necessary. It's not about lacking intelligence or motivation. It's about a broken system for distributing knowledge. AI gives us a chance to redesign that system — and finally make expertise Q. Sinha: You've been called 'Garbage Sam' — a nickname that started at a landfill in Addis Ababa. How did waste become your life's lens? Sam Alemayehu: I got that name when I led the team that built Africa's first major waste-to-energy facility. I spent a lot of time at the landfill — and what I saw shocked me. It wasn't trash; it was a graveyard of value. Plastics, metals, nutrients, energy — all of it buried. Nature doesn't waste anything. Everything gets reused. So when we treat resources as disposable, that's not a garbage problem — it's a design problem. The same thinking that leads us to bury useful materials is what leads us to waste land, water, and human potential. That's the war I've committed to fighting: the war on waste in all its Q. Sinha: You've also written about the waste embedded in how we make things — from food to steel to cement. What gives you hope that we can build differently? Sam Alemayehu: Once you put on the 'anti-waste' lens, you see how inefficient our physical economy is. Food production alone is the leading driver of deforestation, land degradation, and wildlife extinction. The FAO projects that by 2050, just to meet protein demand, we'd need to deforest an area twice the size of India. That's not just unsustainable — it's apocalyptic. But we now have tools to break that pattern. Synthetic biology can grow proteins with a fraction of the land and water. New chemical processes can produce cement or textiles with near-zero emissions. Innovation becomes the engine for deconstructing waste — not just at the end of the supply chain, but at the Q. Sinha: What does your vision of an AI-powered, waste-free Africa look like in 20 years? Sam Alemayehu: It's a world where waste — of talent, resources, and opportunity — is no longer the default. A world where a mother in Kampala can access high-quality care, a farmer in Ethiopia can access agronomic advice, and a young entrepreneur in Lagos can get legal support — all augmented by AI. It's also a world where we rewild vast areas of land, because we've finally decoupled economic growth from physical extraction. Where technology doesn't replace nature, but learns from it — circular, adaptive, and efficient. That's the future I'm building toward. A world designed for abundance — not for the privileged few, but for Q. Sinha: What would it take to actually realize this vision — of millions of AI-augmented jobs and a waste-free economy? Who needs to act, & how? Sam Alemayehu: This future isn't inevitable; it has to be built. It requires a coordinated effort from three groups: First, entrepreneurs and innovators. They are the ones on the ground, building the tools, training the new workforce, and fine-tuning these models for local languages, cultures, and realities. This is a bottom-up revolution. Second, largest corporate champions. Companies like MTN, Safaricom, and big regional banks in Africa have a historic opportunity. They need to become the first customers and partners for this new wave of innovation. By integrating these AI-augmented services into their vast distribution networks, they can create the market and accelerate adoption overnight. Finally, policymakers. We need a new regulatory imagination. The old rules for credentialing and liability were designed for a world of scarcity. We must build modern frameworks that judge innovation based on its effectiveness, not just on traditional credentials. We need faster, clearer pathways to professional legitimacy for this new, AI-augmented workforce. It's symbiotic — entrepreneurs build, corporations scale, and policymakers clear the path. If those three groups act in concert, this vision becomes a reality much faster than anyone can Q. Sinha: Do you see opportunities for investors in this space? What kinds of investors can be part of this future? Sam Alemayehu: The opportunity is massive — it fights waste on two critical, parallel fronts: On one side, you have the chance to finance the redesign of our industrial economy — food and materials that are cleaner, cheaper, and superior to legacy models. On the other side, you have the Latent Jobs revolution — unlocking the 'old world's' advantages in high value skills in healthcare, law, engineering through AI. That's how we can build a workforce for a world of abundance. This isn't just theory — it's what we are building. Through Cambridge Industries Ventures (CI Ventures), we are backing businesses that are building the "manufacturing of the future". Through our Latent Jobs Fund, we are building and scaling the platforms that unleash that AI-augmented workforce. It will take a whole ecosystem of capital to build this future — and we are committed to being a catalyst in that Q. Sinha: Your work often focuses on Africa — but isn't the potential here much broader? After all, emerging markets account for 80% of the global population, and more than 70% of that is in Asia. Why limit this opportunity to Africa? Sam Alemayehu: You're right, this is a global opportunity. The 'Latent Jobs' thesis applies anywhere human potential is stifled by outdated systems. My focus often begins in Africa because it's personal, but more importantly, I see it as the ultimate proving ground. With the youngest and fastest-growing population, the need is most acute, which forces the most resilient and scalable solutions. However, I don't see this as a one-way street where innovations flow from Africa outward. The transformation will be shared, with innovation happening simultaneously across the Global South. The key will be to build partnerships and strong collaborations between these emerging innovation hubs in Latin America, Southeast Asia, and Africa to accelerate this new future Q. Sinha: Thank you. In a world obsessed with what AI might take away, Sam Alemayehu invites us to see what it can finally make possible. The future of work, it turns out, may begin where the world never thought to look.
Yahoo
17-07-2025
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- Yahoo
Compared to Estimates, Novartis (NVS) Q2 Earnings: A Look at Key Metrics
Novartis (NVS) reported $14.05 billion in revenue for the quarter ended June 2025, representing a year-over-year increase of 9.2%. EPS of $2.42 for the same period compares to $1.97 a year ago. The reported revenue represents a surprise of +0.13% over the Zacks Consensus Estimate of $14.04 billion. With the consensus EPS estimate being $2.38, the EPS surprise was +1.68%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Novartis performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenues- Oncology- Tasigna- US: $162 million versus the three-analyst average estimate of $221.75 million. The reported number represents a year-over-year change of -29.6%. Net sales- Scemblix- Rest of world: $107 million compared to the $95.88 million average estimate based on three analysts. Revenues- Oncology- Promacta/Revolade- US: $227 million versus the three-analyst average estimate of $285.63 million. The reported number represents a year-over-year change of -19.8%. Revenues- Immunology- Cosentyx- US: $921 million versus the three-analyst average estimate of $993.18 million. The reported number represents a year-over-year change of +6.1%. Revenues- Oncology- Tafinlar + Mekinist- Total: $573 million versus the three-analyst average estimate of $570.15 million. The reported number represents a year-over-year change of +9.6%. Revenues- Net sales to third parties: $14.05 billion compared to the $14.04 billion average estimate based on three analysts. The reported number represents a change of +12.3% year over year. Revenues- Oncology- Kisqali- Total: $1.18 billion versus the three-analyst average estimate of $1.09 billion. The reported number represents a year-over-year change of +64.2%. Revenues- Immunology- Cosentyx- Total: $1.63 billion versus $1.73 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6.8% change. Revenues- Cardiovascular- Entresto- Total: $2.36 billion versus the three-analyst average estimate of $2.34 billion. The reported number represents a year-over-year change of +24.2%. Revenues- Established Brands- Galvus Group- Total: $123 million compared to the $131 million average estimate based on three analysts. The reported number represents a change of -18% year over year. Revenues- Established Brands- Exforge Group- Total: $191 million versus $172.31 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +7.3% change. Revenues- Established brands- Kymriah- Total: $99 million versus the three-analyst average estimate of $99.32 million. The reported number represents a year-over-year change of -12.4%. View all Key Company Metrics for Novartis here>>> Shares of Novartis have returned +2.1% over the past month versus the Zacks S&P 500 composite's +4.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Novartis AG (NVS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
