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Globe and Mail
30-05-2025
- Business
- Globe and Mail
Brag House Provides Update on Status of Form 10-Q Filing and Reaffirms Strategic Focus on Gen Z Engagement and Learfield Partnership Expansion
NEW YORK, May 30, 2025 (GLOBE NEWSWIRE) -- Brag House Holdings, Inc. (NASDAQ: TBH), the Gen Z engagement platform at the intersection of gaming, college sports, and digital media, today announced that it continues to diligently work on its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2025. As anticipated, on May 27, 2025, the Company received notice from the Nasdaq Stock Market that it is not in compliance with Nasdaq Listing Rule 5250(c)(1) due to the delayed filing of its Form 10-Q. Brag House intends to file its Form 10-Q before the date it would have to submit a compliance plan on July 28 to Nasdaq for continued listing. The Nasdaq notice has no immediate effect on the listing or trading of Brag House's common stock on the Nasdaq Capital Market. "We remain committed to transparency and full compliance with our SEC reporting obligations," said Lavell Juan Malloy II, Chief Executive Officer and Co-Founder of Brag House. "As a recently public company, our team is working diligently to complete all necessary disclosures and filings while maintaining our strategic focus." As Brag House continues to enhance its operational infrastructure, the Company remains focused on executing its long-term vision to revolutionize casual gaming on college campuses through school-spirit-based digital experiences and NIL-integrated content. Earlier this month, Brag House, in partnership with Florida Gators Athletics and Learfield's Florida Gators Sports Properties, launched the inaugural Brag Gators Gauntlet: Baseball Edition. The event, hosted ahead of the Gators' baseball game against Alabama, featured a Fortnite tournament with a baseball-inspired scoring format and saw strong turnout from both current students and alumni. The activation served as a gamified digital tailgate, offering a new layer of engagement for college sports fans. 'This is the foundation of a broader initiative,' added Malloy. 'By merging college sports with interactive digital gaming formats, we're building a new layer of fan engagement that serves students, alumni, schools, and brand partners alike.' Following the successful debut event, Brag House and Learfield will host the next activation in the Brag Gators Gauntlet series on July 19, 2025, giving students and fans another opportunity to experience what is quickly becoming a new sports medium. The Company plans to roll out additional events at select universities across the country throughout the remainder of 2025. About Brag House Brag House is a leading media technology gaming platform dedicated to transforming casual college gaming into a vibrant, community-driven experience. By seamlessly merging gaming, social interaction, and cutting-edge technology, the Company provides an inclusive and engaging environment for casual gamers while enabling brands to authentically connect with the influential Gen Z demographic. The platform offers live-streaming capabilities, gamification features, and custom tournament services, fostering meaningful engagement between users and brands. For more information, please visit Forward-Looking Statements This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, including the Company's ability to regain compliance with Nasdaq listing rules and timely file the Form 10-Q. For a full discussion of these risks, please refer to Brag House's SEC filings. The Company undertakes no obligation to update or revise any forward-looking statements.
Yahoo
30-05-2025
- Business
- Yahoo
Saudi Arabia's LED TV Market: Overcoming Import Dependency through Vision 2030 and Driving High-Definition Content Demand
The Saudi Arabia LED TV market is driven by rising demand for smart, energy-efficient TVs with high-definition displays. Growth is supported by the popularity of online streaming platforms, technological advancements, and increasing affordability. However, high import dependency poses challenges for market stability. Saudi Arabian LED TV Market Dublin, May 30, 2025 (GLOBE NEWSWIRE) -- The "Saudi Arabia LED TV Market by Region, Competition, Forecast & Opportunities, 2020-2030F" has been added to offering. The Saudi Arabia LED TV Market was valued at USD 110.23 Million in 2024 and is projected to reach USD 245.87 Million by 2030, rising at a CAGR of 14.31%. Market growth is being fueled by rising consumer demand for high-definition, energy-efficient, and aesthetically sleek home entertainment solutions. The increasing penetration of smart TVs, which enable internet access and integrated streaming services, is a major contributor to this expansion. As LED TV prices become more affordable, adoption rates are climbing across diverse income segments. Technological advancements - such as OLED, QLED, voice control, and smart home compatibility - are enhancing user experience and further stimulating demand. Additionally, rising disposable income, urbanization, and digital media consumption trends in emerging economies are reinforcing growth in the Saudi market. Key Market Drivers: Rising Demand for Online Streaming The increasing popularity of online streaming platforms is a major catalyst for the Saudi LED TV market. With a surge in consumer preference for on-demand and localized digital content, smart TVs with built-in streaming applications have become central to the home entertainment ecosystem. Streaming services such as Shahid, Netflix, and YouTube have seen rapid adoption due to improved internet infrastructure and widespread digital literacy. This shift has elevated consumer expectations for high-quality viewing experiences, prompting upgrades to LED TVs that support Ultra HD resolutions and seamless connectivity. Affordable smart TV models from both global and regional brands have broadened market access, reinforcing LED TVs as essential household devices amid the growing digital media landscape. Key Market Challenges: High Import Dependency Saudi Arabia's heavy reliance on imported LED TVs from major manufacturing hubs like China, South Korea, and Vietnam remains a structural vulnerability. This dependence makes the market susceptible to external risks including supply chain disruptions, tariffs, and foreign exchange volatility. The absence of a strong domestic manufacturing base also limits the potential for localized innovation, pricing control, and customization to meet regional consumer preferences. Although economic diversification under Vision 2030 seeks to reduce import dependency, establishing a competitive local production ecosystem for LED TVs necessitates long-term investment in infrastructure, skilled labor, and technology transfer. Key Market Trends: Rising Adoption of Ultra HD (4K/8K) Displays The Saudi LED TV market is seeing a notable shift toward Ultra HD displays, including 4K and 8K models. These advanced displays deliver superior resolution, deeper color saturation, and enhanced contrast - qualities that align with rising consumer demand for premium content consumption experiences. The falling cost of UHD TVs has brought them within reach of a broader consumer base, leading to increased upgrade cycles from standard HD units. Market players are capitalizing on this trend by offering features such as HDR, Dolby Vision, and AI-powered upscaling. Additionally, smart Ultra HD TVs equipped with integrated voice assistants and home automation features align with Saudi Arabia's broader smart home adoption trend, further supporting market momentum. Key Players Profiled in this Saudi Arabia LED TV Market Report: Samsung Electronics Co., Ltd LG Electronics Inc. Panasonic Marketing Middle East & Africa FZE Sony Middle East and Africa FZE TCL Hisense Middle East Sharp Corporation Xiaomi Koninklijke Philips N.V. Havells Group Report Scope: In this report, the Saudi Arabia LED TV Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below: Saudi Arabia LED TV Market, by Type: High Definition (HD) Full High Definition (FHD) Ultra High Definition (UHD) Saudi Arabia LED TV Market, by Screen Size: Below 30' 30'-39' 40'-47' 50'-57' Above 57' Saudi Arabia LED TV Market, by Distribution Channel: Multi-Branded Stores Supermarkets/Hypermarkets Online Others Saudi Arabia LED TV Market, by Region: Eastern Western Northern & Central Southern Key Attributes: Report Attribute Details No. of Pages 82 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $110.23 Million Forecasted Market Value (USD) by 2030 $245.87 Million Compound Annual Growth Rate 14.3% Regions Covered Saudi Arabia For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Saudi Arabian LED TV Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error 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
