‘Baby Shark' Creator Pinkfong Applies for IPO in South Korea
Pinkfong Co. submitted the paperwork to apply for an initial public offering on the small-cap Kosdaq index on Thursday, the company said in an email.
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Business Wire
8 minutes ago
- Business Wire
Guinness World Records Teams with Veritone to Launch New Archive of Record-Breaking Footage
DENVER--(BUSINESS WIRE)-- Veritone, Inc. (NASDAQ: VERI), a leader in human-centered enterprise AI solutions, today announced its partnership with Guinness World Records to launch an online platform featuring exclusive record-breaking clips and images. Powered by Veritone's AI-driven Digital Media Hub (DMH), the platform enables broadcasters, publishers, brands and content creators to easily search, access and license content from Guinness World Records' iconic archive. Designed for today's dynamic content ecosystem, Guinness World Records' DMH features captivating record-breaking footage from TV archives and user-generated submissions. Users can seamlessly preview, share and license both video and award-winning high-resolution stills. 'The launch of our digital content hub is a key moment for us, as it allows us to share and celebrate record-breaking achievements with a broader audience in a new and innovative way,' said Katie Forde, SVP TV & Digital at Guinness World Records. 'We now have the ability to efficiently manage and monetize our extensive archive, bringing extraordinary moments from our 70-year history to creators, producers, advertisers, and publishers around the world.' This AI-powered platform is the first of its kind for Guinness World Records, representing an impactful leap forward in how its global audience engages and interacts with its renowned collection. By leveraging Veritone's DMH, Guinness World Records will broaden access to its record-breaking content and monetize this footage, helping the company reach new markets and capitalize on growing demand. 'Veritone's advanced AI technology is enabling Guinness World Records to deliver a new level of accessibility and usability for their iconic content,' said Sean King, Chief Revenue Officer and GM of Veritone Commercial. 'The launch of this content hub demonstrates how Veritone's AI solutions can transform traditional media libraries into dynamic, revenue-generating platforms that serve diverse and growing audiences.' Veritone's cloud-native, AI-powered Digital Media Hub allows organizations to enable media management, distribution and monetization activities. It uses advanced AI to ingest, index and organize digital assets, making it easy for users to search, preview and license specific clips. The collaboration between Veritone and Guinness World Records comes at a critical time as the media landscape continues to undergo rapid digital transformation. This partnership underscores how AI is helping content rights holders tap into new revenue streams and amplify their media assets. As demand for fresh, engaging content grows across broadcast, digital and branded platforms, Guinness World Records' new content hub offers creators, advertisers and producers a powerful resource to bring their storytelling to life. About Veritone Veritone (NASDAQ: VERI) builds human-centered enterprise AI solutions. Serving customers in the media, entertainment, public sector and talent acquisition industries, Veritone's software and services empower individuals at the world's largest and most recognizable brands to run more efficiently, accelerate decision making and increase profitability. Veritone's leading enterprise AI platform, aiWARE™, orchestrates an ever-growing ecosystem of machine learning models, transforming data sources into actionable intelligence. By blending human expertise with AI technology, Veritone advances human potential to help organizations solve problems and achieve more than ever before, enhancing lives everywhere. To learn more, visit About Guinness World Records What's the fastest game bird in Europe? This was the question that inspired the founding of Guinness World Records back in 1955. Starting with a single book published from a room above a gym, GWR has grown to become a global multi-media brand, with offices in London, New York, Beijing, Tokyo and Dubai. Today, we deliver world-class content, not just through books, but via TV shows, social media and live events. Our in-house consultancy works closely with brands and businesses around the world to harness the power of record-breaking and deliver award-winning campaigns and business solutions. Through our in-house production arm, GWR Studios, we create standout content for broadcasters, brand partners and digital platforms. GWR Entertainment brings the best of the GWR brand to life in a diverse range of live experiences where visitors can discover and even attempt official world records. Whatever the medium, our ultimate purpose is to make the world a more interesting, fun and positive place. To join this record-breaking community – and find out the answer to that original question – visit Safe Harbor Statement This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding the capabilities and performance of Veritone's offerings and anticipated trends in artificial intelligence and media markets. Words such as 'anticipates,' 'believes,' 'could,' 'estimates,' 'expects,' 'intends,' 'continue,' 'can,' 'may,' 'plans,' 'potential,' 'projects,' 'seeks,' 'should,' 'will,' 'would' or similar expressions and the negatives of those expressions may identify forward-looking statements. These statements are based on current expectations, estimates, assumptions, and projections and involve known and unknown risks and uncertainties that may cause actual results, performance, or achievements to differ materially from those expressed or implied in such statements. These risks and uncertainties include, but are not limited to, those described in Veritone's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Although Veritone believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by Veritone or any other person that their objectives or plans will be achieved. Veritone undertakes no obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Yahoo
22 minutes ago
- Yahoo
YouTube Pumps Up Ad Revenue 13% in Q2 to Reach $9.8 Billion
YouTube, the world's biggest video platform, keeps eating a bigger portion of the ad-spending pie. For the second quarter of 2025, YouTube's advertising revenue increased 13% year over year, to reach $9.796 billion — continuing a run of impressive growth off an already large base. TV is now the biggest platform for YouTube viewing, and the streaming platform's gains are surely at the expense of traditional networks. Analysts had expected YouTube's Q2 ad number to come in at $9.56 billion, according to StreetAccount. More from Variety TelevisaUnivision Cuts Expenses to Boost Q2 Profit Amid Dips in Ad, Subscription Revenue Netflix Beats Q2 Earnings Expectations, Revenue Jumps 16% Creator-Focused Franchise Building Venture Flywheel Launched by Eyal Baumel Based on Experience With Leading YouTubers (EXCLUSIVE) Alphabet, parent of Google and YouTube, again easily beat expectations. The company reported total revenue of $96.43 billion, up 14%, and net income of $28.2 billion (up 19%), translating to $2.31 per diluted share. Overall, Wall Street analysts on average expected Alphabet to post revenue of $94.0 billion and earnings per share of $2.18, according to LSEG Data & Analytics. 'We had a standout quarter, with robust growth across the company,' Sundar Pichai, CEO of Alphabet and Google, said in announcing the results. 'We continue to see strong performance in YouTube as well as subscriptions offerings.' He said AI is 'positively impacting every part of the business' and that new Google Search features, like AI Overviews and AI Mode, are 'performing well.' Amid its ongoing investment in AI, Alphabet is increasing its capital expenditures in 2025 to approximately $85 billion, according to Pichai, up $10 billion from $75 billion previously. YouTube — which is celebrating its 20th birthday this year — in April said it now hosts more than 20 billion videos. At an industry conference in May, YouTube CEO Neal Mohan said YouTube Shorts, its TikTok-style short-form video product that debuted in 2020, had reached parity on revenue per watch-hour relative to core YouTube in multiple countries, including the U.S. In the first quarter of 2025, TVs surpassed mobile to become the primary devices for YouTube viewing. Meanwhile, also in May, at the annual Google I/O conference, the company unveiled Flow, a new AI filmmaking tool designed for the Veo generative video model, which Google claimed provides 'stunning cinematic outputs that excel at physics and realism.' The internet giant also announced a partnership with Darren Aronofsky for his new Primordial Soup AI-based creative tools venture, under which DeepMind is providing early-stage access to generative-AI video tools. Best of Variety New Movies Out Now in Theaters: What to See This Week 'Harry Potter' TV Show Cast Guide: Who's Who in Hogwarts? Final Emmy Predictions: Talk Series and Scripted Variety - New Blood Looks to Tackle Late Night Staples 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
Yahoo
26 minutes ago
- Yahoo
Spotify Boosts Subscriber Count to 276 Million in Q2, Misses Revenue Target and Swings to Net Loss
Spotify reported solid gains in paid subscribers and overall users for the second quarter of 2025, but the streamer came up short of its revenue target and posted a net loss for the period. The company highlighted the positives: In the first half of 2025, subscriber net additions grew more than 30% compared with the first half of 2024, according to Spotify. The quarter also marked the company's second-highest Q2 for monthly active user net additions. More from Variety YouTube Pumps Up Ad Revenue 13% in Q2 to Reach $9.8 Billion Miley Cyrus' Billions Club Concert Film Now Available to Stream on Spotify TelevisaUnivision Cuts Expenses to Boost Q2 Profit Amid Dips in Ad, Subscription Revenue Spotify Premium subscribers climbed to 12% year over year to 276 million, a net gain of 8 million in the quarter. Total MAUs grew 11% to 696 million. And Spotify expects Q3 growth in subs and MAUs to be robust. Total revenue for Q2 increased 10% to €4.2 billion and gross margin improved to 31.5% (versus 29.2% a year ago). However, that was shy of Spotify's guidance for Q2 on those metrics. Spotify posted a net loss of €86 million in the June 2025 quarter, compared with a net profit of €274 million in the year-ago quarter. Operating expenses increased 8% the most recent quarter, driven primarily by an increase in personnel and related costs, professional services and marketing spend, the company said. In addition, net finance costs for Q2 2025 were €358 million, compared with net finance income of €4 million a year earlier. 'By constantly evolving, we create more and more value for the almost 700 million people using our platform,' Spotify founder and CEO Daniel Ek said in prepared remarks. 'This value not only benefits users but it's attracting more people to streaming and as a result, it's also boosted the industries of music, podcasts and audiobooks.' For Q3 2025, Spotify anticipates total revenue of €4.2 billion (up from €4.0 billion a year prior); paid subscribers of 281 million and total MAUs of 710 million; gross margin of 31.1%; and operating income of €485 million. Spotify now hosts about 7 million podcast titles and more than 430,000 video podcast shows, the company said. It offers 350,000-plus audiobooks available for a la carte purchase. At the end of Q2, Spotify had 7,309 full-time employees globally (up from 7,261 at the end of 2024 but down from 9,123 at the end of 2023). Best of Variety New Movies Out Now in Theaters: What to See This Week 'Harry Potter' TV Show Cast Guide: Who's Who in Hogwarts? Final Emmy Predictions: Talk Series and Scripted Variety - New Blood Looks to Tackle Late Night Staples 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
