Latest news with #revenues
Bloomberg
3 days ago
- Business
- Bloomberg
Real Madrid's $7.1 Billion Valuation Stretches Away From Rivals
Real Madrid, whose revenues have been supercharged by the revamp of its Santiago Bernabéu stadium, has seen its valuation pull away from its major rivals. The Spanish club was worth €6.3 billion ($7.1 billion) as of January, a 23% year-on-year increase, Football Benchmark said in its latest annual report.
Yahoo
20-05-2025
- Business
- Yahoo
Sohu.com Ltd (SOHU) Q1 2025 Earnings Call Highlights: Navigating Challenges with Strategic ...
Total Revenues: $136 million, down 3% year-over-year, up 1% quarter-over-quarter. Marketing Services Revenues: $14 million, down 15% year-over-year, down 27% quarter-over-quarter. Online Game Revenues: $117 million, flat year-over-year, up 7% quarter-over-quarter. GAAP Net Income: $182 million, compared to a net loss of $25 million in Q1 2024 and a net loss of $21 million in Q4 2024. Non-GAAP Net Loss: $16 million, compared to a net loss of $22 million in Q1 2024 and a net loss of $15 million in Q4 2024. Sohu Media Platform Revenues: $70 million, compared to $20 million in the same quarter last year. Sohu Media Platform Operating Loss: $70 million, compared to an operating loss of $74 million in the same quarter last year. Changyou Revenues: $180 million, compared to $190 million in the same quarter last year. Changyou Operating Profit: $55 million, flat with the same quarter last year. Share Repurchase Program: 5.5 million ADS repurchased for approximately $67 million as of May 15, 2025. Warning! GuruFocus has detected 2 Warning Signs with SOHU. Release Date: May 19, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Ltd (NASDAQ:SOHU) achieved marketing services revenues and non-GAAP bottom line performance at the high end of previous guidance. Online game revenues exceeded expectations, driven by high-quality content updates and improvements. The Sohu Media platform successfully engaged more users through unique events, enhancing social interactions and content distribution. The company hosted successful events like the Sohu Video influencers Spring Convention and the Sohu News Marathon, boosting platform vitality. Ltd (NASDAQ:SOHU) is exploring greater monetization opportunities by leveraging its competitive advantage as a mainstream media platform. Total revenues for the first quarter of 2025 were down 3% year-over-year. Marketing services revenues decreased by 15% year-over-year and 27% quarter-over-quarter. The company reported a non-GAAP net loss of $16 million, despite reversing a tax expense. Online game revenues, while exceeding expectations, remained flat year-over-year. The economic outlook remains uncertain, impacting advertising momentum and overall market conditions. Q: Can management comment on the recent trend in advertising sentiments across different categories such as FMCG, IT, auto, food, and electronics? What is the outlook for the second half of the year? A: Charles Zhang, CEO: In this quarter, the auto sector performed better, while IT services and FMCG remained stable. However, luxury goods and alcohol saw a decline in spending. For the second half, we expect similar trends as the economy is still not doing well. We aim to grow our social network platform to capture a larger market share in advertising. Q: How is AI benefiting Sohu's advertising and online games operations? Are there improvements in eCPM or traffic from better recommendations? A: Charles Zhang, CEO: Our media platform, centered around social networks, has less exposure to AI impacts compared to information retrieval services. AI helps improve efficiency in content generation and live streaming tools. In gaming, AI has improved efficiency in art design, UI design, and marketing materials. Q: Which AI models is Sohu integrating into its gaming and media operations? Are you using DeepSeek or other AI models? A: Charles Zhang, CEO: We integrate DeepSeek and open-source language models in our Sohu Video and News apps. In gaming, we use various AI tools for art and audio design, and we have developed our own AI agent to integrate these tools based on our needs. Q: Can you elaborate on the tax reversal that resulted in a gain this quarter? Which business is it related to? A: Joanna Lv, CFO: The tax reversal is an accounting treatment related to an uncertain tax position that has now been resolved. It is not specific to any business segment but pertains to Sohu as a whole. Q: Given the ADR delisting risks, is Sohu considering alternatives like a secondary listing in Hong Kong? A: Charles Zhang, CEO: Currently, we are not actively considering alternatives as the delisting risk is speculative. If it becomes a reality, we will evaluate our options then. We are not in a rush as we can operate without being listed for a period. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
National Post
17-05-2025
- Business
- National Post
Strategic Storage Trust VI, Inc. Reports First Quarter 2025 Results
Article content – Total revenues increased 11.1% compared to the same period in 2024. – Increased Same-Store Revenues by 6.8% for the Quarter. – Increased Same-Store Net Operating Income ('NOI') by 13.6% for the Quarter. – Increased Same-Store Average Physical Occupancy by 2.1% for the Quarter. Article content LADERA RANCH, Calif. — Strategic Storage Trust VI, Inc. ('SST VI') announced operating results for the three months ended March 31, 2025. Article content 'This quarter marks an important milestone for our company as we report our first same-store results.' commented H. Michael Schwartz, President and CEO of Strategic Storage Trust VI, Inc. 'I'm pleased to share that these results exceeded our expectations and reflect the underlying strength and quality of our portfolio across both the United States and Canada. In addition, we completed the refinancing of all our Canadian debt at significantly lower interest rates. This strategic move enhances our financial flexibility and positions us well for continued operational and capital efficiency moving forward.' Article content Key Highlights for the Three Months Ended March 31, 2025: Article content Total revenues were approximately $7.3 million, an increase of approximately $0.7 million when compared to the same period in 2024. Increased same-store revenues and NOI by 6.8% and 13.6%, respectively, for the three months ended March 31, 2025 compared to the three months ended March 31, 2024. Increased same-store average physical occupancy by approximately 2.1% to 92.0% for the three months ended March 31, 2025 from 89.9% for the three months ended March 31, 2024. Increased same-store annualized rent per occupied square foot by approximately 3.7% to $17.01 for the three months ended March 31, 2025 from $16.40 for the three months ended March 31, 2024. Article content Debt Transactions Article content On January 8, 2025, we entered into a CAD $64.0 million financing with National Bank of Canada (the 'National Bank of Canada — Four Property Loan'). The National Bank of Canada — Four Property Loan has a term of three years, maturing on January 8, 2028. Payments consist of both principal and interest, calculated using a 25-year amortization, and are payable monthly. Amounts outstanding bear an interest rate equal to CORRA, plus a CORRA adjustment of approximately 0.30%, plus 2.25%. In addition, we entered into an interest rate swap agreement with a notional amount of CAD $64.0 million, whereby CORRA is fixed at approximately 3.03% that fixes the all in interest rate at 5.58% through the maturity of the loan. This addressed the upcoming 2025 maturities and will effectively reduced this portfolio's interest rate by approximately 100 basis points as compared to the previous financing arrangements. Article content On March 6, 2025, we entered into a credit agreement with Meridian Credit Union Limited (the 'Meridian Credit Agreement') with a maximum borrowing capacity of approximately CAD $16.0 million (the 'Meridian Loan'). At close, we borrowed approximately CAD $2.1 million. The Meridian Loan is secured by a first mortgage on our development property in Etobicoke, Ontario Canada (the 'Etobicoke Property'). The proceeds of the Meridian Loan will be used to fund development of a self storage facility on the Etobicoke Property. As of March 31, 2025 we had approximately CAD $2.1 million outstanding and approximately CAD $13.9 million of available capacity. Article content Pursuant to the Meridian Credit Agreement, amounts outstanding under the Meridian Loan bear interest at an annual rate equal to the Canada Prime Rate plus 1.50%, subject to a minimum all-in floor rate of 6.70% per annum. The Meridian Loan has an initial term of three years, maturing on March 5, 2028, with two six-month extension options. Payments under the Meridian Loan are payable monthly and interest-only. Article content On March 7, 2025, we entered into a CAD $164.5 million financing with QuadReal Finance, LP (the 'QuadReal — Seven Property Loan'). The QuadReal — Seven Property Loan has an initial term of five years, maturing on April 1, 2030. Payments under the QuadReal — Seven Property Loan are interest only during the term of the QuadReal – Seven Property Loan, payable monthly, with the full amount of the outstanding balance of the QuadReal – Seven Property Loan due on the maturity date. Upon the closing of the QuadReal – Seven Property Loan, we drew approximately CAD $147.0 million as the Initial Advance. The interest rate on the Initial Advance bears interest at an annual fixed rate equal to 5.59%. This strategic move addressed the upcoming 2025 maturities and will effectively reduced this portfolio's interest rate by approximately 170 basis points as compared to the previous financing arrangements. Article content About Strategic Storage Trust VI, Inc. (SST VI): Article content SST VI is a public non-traded REIT that elected to qualify as a REIT for federal income tax purposes. SST VI's primary investment strategy is to invest in income-producing and growth self-storage facilities and related self-storage real estate investments in the United States and Canada. As of May 16, 2025, SST VI has a portfolio of 13 operating properties in the United States comprising approximately 9,015 units and 1,079,395 rentable square feet (including parking); 11 properties with approximately 10,205 units and 1,067,715 rentable square feet (including parking) in Canada, joint venture interests in two operational and three development properties in two Canadian provinces (Ontario and Québec) and one wholly owned development property in Ontario. Article content Three Months Ended March 31, 2025 2024 Revenues: Self storage rental revenue $ 7,303,641 $ 6,577,587 Ancillary operating revenue 45,717 39,324 Total revenues 7,349,358 6,616,911 Operating expenses: Property operating expenses 2,939,080 2,928,714 Property operating expenses – affiliates 1,240,267 1,280,595 General and administrative 1,703,808 1,554,738 Depreciation 3,118,402 3,175,232 Intangible amortization expense — 1,039,598 Acquisition expense – affiliates 107,876 178,423 Other property acquisition expenses 14,020 54,041 Total operating expenses 9,123,453 10,211,341 Operating loss (1,774,095 ) (3,594,430 ) Other income (expense): Interest expense (4,107,295 ) (4,710,295 ) Interest expense – debt issuance costs (488,397 ) (276,258 ) Derivative fair value adjustment (531,449 ) 1,616,316 Other 79,014 187,818 Equity in loss of unconsolidated real estate venture (222,528 ) — Foreign currency adjustment (195,936 ) (2,206,103 ) Net loss (7,240,686 ) (8,982,952 ) Less: Distributions to preferred stockholders (3,088,356 ) (3,166,042 ) Net loss attributable to the noncontrolling interests in our Operating Partnership 152,735 225,373 Net loss attributable to Strategic Storage Trust VI, Inc. common stockholders $ (10,176,307 ) $ (11,923,621 ) Net loss per Class P share—basic and diluted $ (0.40 ) $ (0.55 ) Net loss per Class A share—basic and diluted $ (0.40 ) $ (0.55 ) Net loss per Class T share—basic and diluted $ (0.40 ) $ (0.55 ) Net loss per Class W share—basic and diluted $ (0.40 ) $ (0.55 ) Net loss per Class Y share—basic and diluted $ (0.40 ) $ (0.55 ) Net loss per Class Z share—basic and diluted $ (0.40 ) $ (0.55 ) Weighted average Class P shares outstanding—basic and diluted 11,331,153 11,137,137 Weighted average Class A shares outstanding—basic and diluted 3,389,986 3,351,907 Weighted average Class T shares outstanding—basic and diluted 5,386,419 5,302,182 Article content N/M Not meaningful (1) Revenue includes rental revenue, ancillary revenue, administrative and late fees. (2) Property operating expenses excludes corporate general and administrative expenses, asset management fees, interest expense, depreciation, amortization expense and acquisition expenses, but includes property management fees. (3) Of the total rentable square feet, parking represented approximately 199,780 and 247,900 square feet as of March 31, 2025 and 2024, respectively. On a same-store basis, for the same periods, parking represented approximately 43,000 square feet. (4) Determined by dividing the sum of the month-end occupied square feet for the applicable group of facilities for each applicable period by the sum of their month-end rentable square feet for the period. (5) Determined by dividing the aggregate realized rental income for each applicable period by the aggregate of the month-end occupied square feet for the period. Properties are included in the respective calculations in their first full month of operations, as appropriate. We have excluded the realized rental revenue and occupied square feet related to parking herein for the purpose of calculating annualized rent per occupied square foot. Article content Our increase in same-store revenue of approximately $0.2 million was primarily the result of increased average physical occupancy of approximately 2% and an increase in revenue per occupied square foot of approximately 3.7% for the three months ended March 31, 2025 over the three months ended March 31, 2014. Article content Our same-store property operating expenses decreased by approximately $24,000 for the three months ended March 31, 2025 compared to the three months ended March 31, 2014. Article content NOI is a non-GAAP measure that SST VI defines as net income (loss), computed in accordance with GAAP, generated from properties, before corporate general and administrative expenses, asset management fees, interest expense, depreciation, amortization, acquisition expenses and other non-property related expenses. SST VI believes that NOI is useful for investors as it provides a measure of the operating performance of its operating assets because NOI excludes certain items that are not associated with the ongoing operation of the properties. Additionally, SST VI believes that NOI is a widely accepted measure of comparative operating performance in the real estate community. However, SST VI's use of the term NOI may not be comparable to that of other real estate companies as they may have different methodologies for computing this amount. Article content Article content Article content Article content Article content Contacts Article content Article content
Zawya
15-05-2025
- Business
- Zawya
Riyadh Cement's profits up 8% in Q1-25
Riyadh: Riyadh Cement Company generated net profit worth SAR 75.68 million in the first quarter (Q1) of 2025, an annual rise of 7.95% from SAR 70.10 million. The revenues witnessed a 19.23% year-on-year (YoY) leap to SAR 225.22 million as of 31 March 2025, compared to SAR 188.89 million, according to the financial results. The earnings per share (EPS) stood at SAR 0.63 as of 31 March 2025, versus SAR 0.58 a year earlier. Quarterly, the Q1-25 net profits dropped by 6.94% from SAR 81.33 million in Q4-24, while the revenues fell by 3.68% from SAR 233.84 million. At the end of 2024, Riyadh Cement logged 64.45% YoY higher net profits at SAR 310.43 million, compared to SAR 188.77 million.
Zawya
14-05-2025
- Business
- Zawya
SAPTCO announces 59% drop in Q1-25 net losses
Riyadh: Saudi Public Transport Company (SAPTCO) registered 58.72% lower net losses at SAR 20.07 million in the first quarter (Q1) of 2025, compared with SAR 48.62 million in Q1-24. Meanwhile, the revenues increased by 10.63% to SAR 341.33 million in Q1-25 from SAR 308.51 million in the same period a year earlier, according to the financial results. The loss per share stood at SAR 0.19 in the first three months (3M) of 2025, compared to SAR 0.39 in Q1-24. On a quarterly basis, the Q1-25 net losses widened by 250.03% from SAR 5.73 million in the October-December 2024 period, while the revenues rose by 12.71% from SAR 302.82 million. During the January-December 2024 period, SAPTCO turned profitable at SAR 15.11 million, against net losses worth SAR 24.17 million in 2023. The revenues declined by 7.01% year-on-year (YoY) to SAR 1.45 billion at the end of December 2024 from SAR 1.56 billion. The loss per share amounted to SAR 0.08 last year, versus SAR 0.28 in 2023. In the first nine months (9M) of 2024, SAPTCO recorded a net profit of SAR 20.85 million, compared to SAR 44.73 million in the same period of 2023.
