Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Reddit Q4 2025 Earnings Call - Breakout Year: $2.2B Revenue, $1B Buyback and Search Momentum
Reddit closed 2025 with a clean breakout year: $2.2 billion in revenue, triple-digit-like profitability expansion, and product momentum that gives the company a plausible path from community platform ...
- 2025 was a breakout year, revenue $2.2 billion, up 69% year over year; Q4 revenue $726 million, up 70% YoY.
- Q4 ad revenue was $690 million, up 75% YoY; advertising remains the core growth engine.
- Profitability surged: full-year net income $530 million; Q4 net income $252 million; Q4 adjusted EBITDA $327 million, 45% of revenue; full-year adjusted EBITDA $845 million, 38% margin.
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Illumina Q4 2025 Earnings Call - Clinical consumables surge and NovaSeq X placements power return to growth
Illumina closed 2025 with clear momentum, led by clinical consumables growth and strong NovaSeq X placements that pushed the company back into ex-China growth. Q4 strength was broad enough to beat exp...
- Q4 revenue $1.16 billion, up 5% reported and 4% constant currency year-over-year.
- Excluding Greater China, Q4 revenue grew 7% year-over-year, driven by clinical demand and NovaSeq X utilization.
- Clinical consumables grew 20% ex-China in Q4 and mid-teens in H2 2025, cited as the primary growth engine.
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Warner Music Group Q1 FY2026 Earnings Call - AI Partnerships and DSP Price Moves Accelerate Revenue, Margin, and Catalog Value
Warner delivered a third consecutive quarter of profitable growth as revenue rose 7% (constant currency) and adjusted OIBDA jumped 22%, driven by subscription streaming momentum, catalog syncs and a d...
- Q1 FY2026 revenue up 7% on a constant currency basis, driven by recorded music and publishing strength.
- Adjusted OIBDA grew 22% and adjusted margin expanded roughly 310 basis points, reaching about 25% in the quarter.
- Subscription streaming grew 11% reported, or 9% adjusted for notable items; ad-supported streaming grew 4%.
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Ribbon Communications Q4 2025 Earnings Call - Strong Voice Modernization Bookings Mask Near-Term Revenue Delays
Ribbon closed 2025 with record product and professional services bookings, a widening voice-modernization pipeline, and accelerating wins in India. But Q4 revenue missed expectations as deployment tim...
- Revenue and earnings snapshot: Q4 revenue $227 million, down 10% year-over-year; FY 2025 revenue $845 million, up 1% versus prior year.
- Bookings and backlog: Product and professional services bookings hit record levels in Q4; cloud-and-edge bookings were 1.5x product and services revenue; IP optical bookings were 1.1x revenue.
- Voice modernization traction: Management booked roughly $50 million of non-Verizon voice modernization orders in Q4 across about a dozen customers, with ~25% shipped in Q4 and the remainder expected to recognize over roughly 15 months.
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Exponent, Inc. Fourth Quarter and Fiscal Year 2025 Earnings Call - AI and Energy-Driven Demand Lift Proactive and Reactive Work, Guiding to High Single-Digit Growth in 2026
Exponent closed FY25 with a strong quarter driven by both proactive work, led by user research in consumer electronics and utility risk management, and reactive engagements such as failure analysis ac...
- Q4 net revenues were $129.4 million, up 5% year-over-year; total Q4 revenue was $147.4 million, up 8%.
- Adjusting for the one-week timing difference, management said Q4 net revenues would have grown in the low double digits and billable hours would have risen about 6% (vs reported -1%).
- Q4 EBITDA was $34.7 million, a 26.8% margin of net revenues, up versus 25.2% a year earlier; full-year EBITDA was $148.1 million with a 27.6% margin, down 80 basis points from 2024.
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Verisign Q4 2025 Earnings Call - Domain Base Momentum and AI-Driven DNS Demand Propel Results, Board Declares Dividend
Verisign closed 2025 with clear momentum: domain registrations surged, utilization of its DNS infrastructure rose, and revenue and cash generation strengthened. Management points to AI as a durable dr...
- Domain momentum: Verisign added 4.5 million names in 2025, a 2.6% increase, finishing the year with a .com/.net base of 173.5 million names.
- Record registrations since 2021: New registrations in 2025 totaled 41.7 million names, the largest annual total since 2021.
- Q4 detail: Net registrations in Q4 2025 were 1.58 million, driven by 10.7 million new registrations versus 9.5 million in Q4 2024.
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O'Reilly Automotive Fourth Quarter 2025 Earnings Call - Strong Comps, but Self-Insurance and Healthcare Costs Pressure Profits and Cash Flow During Store Expansion
O'Reilly reported another year of steady growth, posting Q4 comparable store sales up 5.6% and full-year comps of 4.7%, with total 2025 revenue of $17.8 billion. The company delivered record operating...
- Q4 comparable store sales rose 5.6%; full-year 2025 comps were 4.7%, at the high end of guidance.
- Total 2025 sales were $17.8 billion, a 6.4% increase year over year.
- Operating income for 2025 was $3.5 billion, up 6.4%; operating margin finished 19.5%, flat versus 2024.
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Globe Life Inc. Q4 2025 Earnings Call - Mortality Improvements and Medicare Supplement Surge Fuel Upgraded 2026 Guidance
Globe Life closed 2025 with steady growth and a confident tone, citing favorable mortality experience and a boom in Medicare Supplement sales as the twin engines behind upgraded 2026 guidance. Q4 net ...
- Q4 net income was $266 million, or $3.29 per share, and net operating income for the quarter was $274 million, or $3.39 per share, an 8% increase year over year.
- Full year 2025 net operating income was $14.52 per diluted share, about $0.02 above the midpoint of prior guidance; GAAP ROE through Dec 31 was 20.9%, excluding AOCI ROE was 16%.
- Management issued 2026 guidance of $14.95 to $15.65 net operating EPS, implying roughly 5% EPS growth at the midpoint, and highlighted normalized EPS growth of about 10% after removing assumption update effects.
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Ares Management Corporation Q4 2025 Earnings Call - Record Fundraising and Deployments Power Fee Growth and 20% Dividend Lift
Ares closed 2025 with clear momentum. The firm crossed $600 billion in AUM, booked a record $113 billion of fundraising for the year, and deployed a record $46 billion in Q4 as gross deployment for th...
- AUM topped $622 billion at year-end, up 29% year-over-year after the GCP acquisition closed in March 2025.
- Full-year fundraising hit a record $113 billion, with $36 billion raised in Q4 alone.
- Gross deployment was $146 billion for 2025, up 37% year-over-year, including a record $46 billion deployed in Q4.
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NOV Q4 2025 Earnings Call - Offshore strength and cash generation shield company as tariffs, lower activity cloud 2026
NOV closed 2025 with a mixed but resilient performance: Q4 revenue of $2.28 billion and a $78 million net loss were overshadowed by a full-year story of cash and backlog — $8.74 billion in revenue, ad...
- Q4 revenue $2.28 billion, net loss $78 million, or $0.21 per diluted share, driven by higher tax rate and an $86 million impairment charge.
- Full-year 2025 revenue $8.74 billion, net income $145 million (0.39 per share), and adjusted EBITDA just over $1 billion for the third straight year.
- Free cash flow hit $876 million in 2025, and $1.8 billion over the last two years; Q4 free cash flow was $472 million.
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