Latest news with #EDO
Zawya
7 days ago
- Business
- Zawya
Oman: EDO records revenues of $3.776 bn for Q1 2025
MUSCAT: Energy Development Oman SAOC (EDO)—the wholly government-owned energy sector holding company—posted revenues totaling $3.776 billion for the first quarter of this year, marginally lower than the $4.005 billion recorded in the corresponding period of 2024. Announcing its unaudited interim condensed consolidated financial results for the first three months of 2025, EDO reported production expenses of $290.882 million, down from $333.128 million in Q1 2024. Royalty expenses dipped slightly to $1.422 billion, compared to $1.577 billion a year earlier. Profit before tax amounted to $510.220 million, down from $890.416 million in Q1 2024. Total assets were reported at $27.534 billion this year, roughly on par with last year's figure of $27.843 billion. Shareholders' equity totaled $10.169 billion, also broadly similar to last year's $10.197 billion. Total equity and liabilities stood at $27.534 billion, mirroring the $27.843 billion recorded at the end of Q1 2024. Affiliated with the Ministry of Finance, EDO owns 60% of the Block 6 Petroleum concession operated by Petroleum Development Oman (PDO), 100% of Block 6's non-associated gas concession, and 100% of Hydrogen Oman (Hydrom), the master planner of the Sultanate's green hydrogen industry. Other affiliates of EDO include Oman New Energies SPC (ONE), incorporated to explore future power-related business but currently not operational; and EDO Gas SPC (GasCo), which assumed the participating interest in the Gas Operations of Block 6 from EDO effective July 1, 2023. In June 2023, GasCo established EDO Sukuk Limited, a special purpose vehicle created to act as issuer and trustee of the Sukuk trust certificates under the trust certificate issuance programme. Also part of the EDO Group are: EDO InfraCo SPC, which is currently non-operational; and ECO SPC, a wholly owned subsidiary established in September 2024 to handle the inventory of surplus and scrap equipment and materials from operations under the Block 6 Petroleum Agreements, the Block 6 Gas Concession Agreement, and other oil and gas operations in the Sultanate of Oman.
Observer
21-07-2025
- Business
- Observer
EDO records revenues of $3.776 bn for Q1 2025
MUSCAT: Energy Development Oman SAOC (EDO)—the wholly government-owned energy sector holding company—posted revenues totaling $3.776 billion for the first quarter of this year, marginally lower than the $4.005 billion recorded in the corresponding period of 2024. Announcing its unaudited interim condensed consolidated financial results for the first three months of 2025, EDO reported production expenses of $290.882 million, down from $333.128 million in Q1 2024. Royalty expenses dipped slightly to $1.422 billion, compared to $1.577 billion a year earlier. Profit before tax amounted to $510.220 million, down from $890.416 million in Q1 2024. Total assets were reported at $27.534 billion this year, roughly on par with last year's figure of $27.843 billion. Shareholders' equity totaled $10.169 billion, also broadly similar to last year's $10.197 billion. Total equity and liabilities stood at $27.534 billion, mirroring the $27.843 billion recorded at the end of Q1 2024. Affiliated with the Ministry of Finance, EDO owns 60% of the Block 6 Petroleum concession operated by Petroleum Development Oman (PDO), 100% of Block 6's non-associated gas concession, and 100% of Hydrogen Oman (Hydrom), the master planner of the Sultanate's green hydrogen industry. Other affiliates of EDO include Oman New Energies SPC (ONE), incorporated to explore future power-related business but currently not operational; and EDO Gas SPC (GasCo), which assumed the participating interest in the Gas Operations of Block 6 from EDO effective July 1, 2023. In June 2023, GasCo established EDO Sukuk Limited, a special purpose vehicle created to act as issuer and trustee of the Sukuk trust certificates under the trust certificate issuance programme. Also part of the EDO Group are: EDO InfraCo SPC, which is currently non-operational; and ECO SPC, a wholly owned subsidiary established in September 2024 to handle the inventory of surplus and scrap equipment and materials from operations under the Block 6 Petroleum Agreements, the Block 6 Gas Concession Agreement, and other oil and gas operations in the Sultanate of Oman.
Yahoo
10-07-2025
- Automotive
- Yahoo
EDO Reveals 2025's Most Effective TV Ads: Red Lobster, Taco Bell, and Beyoncé-Backed Levi's Lead the Way
Celebrity cameos, bold visuals, and short formats helped brands break through in the year's most effective national TV ads across 15 categories NEW YORK, July 10, 2025--(BUSINESS WIRE)--Today, TV outcomes company EDO unveiled the most effective TV ads from the first half of 2025, spotlighting the creatives that drove the strongest consumer engagement — measured by branded search and site visits — across 15 key industries, including Apparel, Auto, CPG, and Restaurants. As media fragmentation grows and performance pressure intensifies, the most effective marketers are turning to outcome-based insights to inform their strategies. With every media dollar under greater scrutiny, EDO delivers the immediate signals brands need to make smarter creative and media decisions while campaigns are still live. Each ad in EDO's rankings outperformed its industry peers in driving immediate consumer response — behaviors that are proven to predict future sales. Marketers can look to these standouts for creative inspiration, performance benchmarks, and new ways to activate audiences across Convergent TV. "Some of the biggest creative wins this year came from brands willing to meet the moment — whether it was Red Lobster rebuilding after bankruptcy, Cadillac stepping into the luxury EV space, or Taco Bell entering QSR's crispy chicken wars," said Laura Grover, SVP, Head of Client Solutions, EDO. "These campaigns took different paths and strategies, but all drove measurable consumer engagement that signals intent and powers future business growth." Here are some of the top trends from EDO's list. For a deeper dive into all 15 categories — including Alcohol, Breakfast, Credit Cards, Cruises, Insurance, OTC Pain Relief, Snacks, and Travel — visit Apparel: Levi's reached No. 1 featuring Beyoncé, while Mott & Bow, New Balance, Vuori, and Tecovas each landed two ads in the top 10. Automotive: In the Luxury Automotive category, Cadillac's 2025 Escalade IQ ranked No. 1, with Acura and Lexus also showing a strong presence. Among Non-Luxury advertisers, GMC led with the Hummer EV and its Crabwalk feature, while Toyota and Ford secured multiple top ads, including NFL-backed campaigns. CPG Beauty: Dove led with uplifting ads focused on confidence and self-care, followed by Gold Bond, Neutrogena, No7, and Lancôme with celebrity-backed campaigns. Diabetes & Weight Management: Noom claimed eight of the top 10 spots promoting GLP-1 drugs and health advice, with Hims' GLP-1-focused ad outperforming the category by 522%. Restaurants: In Casual Dining, Red Lobster landed five of the top creatives, boosted by NBA vet Blake Griffin and NSYNC's Joey Fatone, alongside Applebee's, Outback Steakhouse, and Buffalo Wild Wings, focusing on meals under $20. Meanwhile, in the QSR category, Taco Bell dominated with top ads spotlighting its Luxe Cravings Box and the debut of its crispy chicken, while Long John Silver's and McDonald's also engaged with value and pop culture themes. "Great creatives drive real business outcomes by inspiring viewers to take action," continued Grover. "This year's top ads used bold visuals, humor, music, and culturally resonant moments to spark meaningful response." How Brands Use EDO to Maximize TV ROI EDO makes it easy to optimize media and creative strategy across linear and streaming TV. The company's Creative Rotation Optimization tool helps advertisers detect, compare, and improve performance while campaigns are still live. About EDO EDO is the TV outcomes company. Our leading measurement platform connects convergent TV airings to the ad-driven consumer behaviors most predictive of future sales. EDO empowers the advertising industry to maximize media impact, optimize creative performance, and know the fair value of every impression — across linear and streaming for an increasingly programmatic world. By combining immediate engagement signals with world-class decision science and vertical AI, EDO equips industry leaders with syndicated, investment-grade data that aligns media to business results — with detailed competitive, category, and historical insights. Leading brands, agencies, networks, streamers, and studios trust EDO's TV intelligence to know what works. View source version on Contacts KCSA for EDOedo@ 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
Business Wire
10-07-2025
- Automotive
- Business Wire
EDO Reveals 2025's Most Effective TV Ads: Red Lobster, Taco Bell, and Beyoncé-Backed Levi's Lead the Way
NEW YORK--(BUSINESS WIRE)--Today, TV outcomes company EDO unveiled the most effective TV ads from the first half of 2025, spotlighting the creatives that drove the strongest consumer engagement — measured by branded search and site visits — across 15 key industries, including Apparel, Auto, CPG, and Restaurants. As media fragmentation grows and performance pressure intensifies, the most effective marketers are turning to outcome-based insights to inform their strategies. With every media dollar under greater scrutiny, EDO delivers the immediate signals brands need to make smarter creative and media decisions while campaigns are still live. Each ad in EDO's rankings outperformed its industry peers in driving immediate consumer response — behaviors that are proven to predict future sales. Marketers can look to these standouts for creative inspiration, performance benchmarks, and new ways to activate audiences across Convergent TV. 'Some of the biggest creative wins this year came from brands willing to meet the moment — whether it was Red Lobster rebuilding after bankruptcy, Cadillac stepping into the luxury EV space, or Taco Bell entering QSR's crispy chicken wars,' said Laura Grover, SVP, Head of Client Solutions, EDO. 'These campaigns took different paths and strategies, but all drove measurable consumer engagement that signals intent and powers future business growth.' Here are some of the top trends from EDO's list. For a deeper dive into all 15 categories — including Alcohol, Breakfast, Credit Cards, Cruises, Insurance, OTC Pain Relief, Snacks, and Travel — visit Apparel: Levi's reached No. 1 featuring Beyoncé, while Mott & Bow, New Balance, Vuori, and Tecovas each landed two ads in the top 10. Automotive: In the Luxury Automotive category, Cadillac's 2025 Escalade IQ ranked No. 1, with Acura and Lexus also showing a strong presence. Among Non-Luxury advertisers, GMC led with the Hummer EV and its Crabwalk feature, while Toyota and Ford secured multiple top ads, including NFL-backed campaigns. CPG Beauty: Dove led with uplifting ads focused on confidence and self-care, followed by Gold Bond, Neutrogena, No7, and Lancôme with celebrity-backed campaigns. Diabetes & Weight Management: Noom claimed eight of the top 10 spots promoting GLP-1 drugs and health advice, with Hims' GLP-1-focused ad outperforming the category by 522%. Restaurants: In Casual Dining, Red Lobster landed five of the top creatives, boosted by NBA vet Blake Griffin and NSYNC's Joey Fatone, alongside Applebee's, Outback Steakhouse, and Buffalo Wild Wings, focusing on meals under $20. Meanwhile, in the QSR category, Taco Bell dominated with top ads spotlighting its Luxe Cravings Box and the debut of its crispy chicken, while Long John Silver's and McDonald's also engaged with value and pop culture themes. 'Great creatives drive real business outcomes by inspiring viewers to take action,' continued Grover. 'This year's top ads used bold visuals, humor, music, and culturally resonant moments to spark meaningful response.' How Brands Use EDO to Maximize TV ROI EDO makes it easy to optimize media and creative strategy across linear and streaming TV. The company's Creative Rotation Optimization tool helps advertisers detect, compare, and improve performance while campaigns are still live. About EDO EDO is the TV outcomes company. Our leading measurement platform connects convergent TV airings to the ad-driven consumer behaviors most predictive of future sales. EDO empowers the advertising industry to maximize media impact, optimize creative performance, and know the fair value of every impression — across linear and streaming for an increasingly programmatic world. By combining immediate engagement signals with world-class decision science and vertical AI, EDO equips industry leaders with syndicated, investment-grade data that aligns media to business results — with detailed competitive, category, and historical insights. Leading brands, agencies, networks, streamers, and studios trust EDO's TV intelligence to know what works.
Eater
27-06-2025
- Business
- Eater
This Game-Changing Vegas Tapas Restaurant Is Closing After Seven Years
When it first opened in 2018, it was a nondescript tapas restaurant in a squat Chinatown strip mall. And under the deft guidance of chef Oscar Amador, former Bazaar Meat general manager Roberto Liendo, and partner Joseph Mikulich, EDO Tapas and Wine quickly secured a reputation as one of Las Vegas's best restaurants — revelatory for its playful approach to tapas and prix-fixe tasting menus — all with a Strip-style polish. Seven years after opening and with a wholly new restaurant on the horizon, EDO is closing its doors this September. 'We're just so pleased,' says Liendo. 'We had this intimate space, and people came with open minds and hearts — they really embraced whatever we did.' Within the 35-seat restaurant, Amador dreamed up tasting menus of bluefin tuna tarts in delicate shells with flower petals and passionfruit, and cured jamón draped over icy kumquat leche de tigre. Other dishes became brand staples, now found at Anima by EDO, which opened in 2022, and at La Loba, the group's new Seattle restaurant. Among them: impossibly flaky patatas bravas with a satisfying crunch and countless layers, the pressed and paper-thin bikini panini, and a whimsical celebration of eggs — frothy salted-fish espuma with egg yolk, roe, and caviar, served in a hollowed-out shell atop a porcelain egg carton. EDO's rotating tasting menus, marked by joyously inventive flavors and tweezer-placed precision, quickly earned it a loyal following happy to trek to an unassuming strip mall on Spring Mountain Road. 'The smaller space really allows us to have fun with that,' says Liendo. 'With that said, we feel that it's time for EDO to have a rebirth.' EDO's closing coincides with the debut of the group's newest restaurant, Braseria, opening at the Collective — the Convention Center-adjacent dining hub that also houses Cleaver, Tacos & Beer, and Marrakech. The brasserie-style concept will lean into French classics with a playful twist, served in a space three times the size of EDO and featuring an extensive wine list. It's also a return to form for Amador, who cooked at the prestigious Le Cirque at the Bellagio after relocating from Barcelona. 'We're going to bring some French dishes like onion soup and escargot, but we're going to have it in a playful way,' says Amador. While Amador built his career around Spanish cooking, he notes the close ties between French and Catalan cuisine. 'We thought it would be only natural to introduce some of that French cuisine into our dishes,' says Amador. Braseria will forgo the tasting menu format, encouraging guests to share large-format dishes, with flair coming from roving caviar carts and tableside presentations of beef tartare. The design highlights high ceilings, a dramatic wall-length bar, dark woods, leather and brass accents, murals, chandeliers, and a wine cellar that will eventually house 1,000 bottles, from prestige labels to boutique producers. And that all leads to the future of the current EDO space. Amador is holding onto the restaurant, eager to do something he describes broadly as 'very, very special.' It's expected to remain closed for a short time, while it gets a new name, a small update to the design, and an entirely new menu. 'I want to do something else, but I cannot say too much now,' says Amador. Since opening, EDO has continued to rack up accolades. In 2023, it made Yelp's list of the top 100 restaurants in the Southwest. That same year, Amador earned his first James Beard nomination, and Yelp named Anima the best new restaurant in the country. In 2024, he was a finalist in James Beard's national Outstanding Chef category. Liendo recalls early concerns that Spanish cuisine might be a hard sell. 'I'm mostly thankful for the people — the chefs and people that came in,' says Liendo. 'It was fun to see them taking ideas from our menu and bringing that creative approach.' As for Amador, he says that he had the ambition to make EDO into something deeper. 'And I think we achieved that,' he says. Leading up to its September farewell, EDO will revive fan favorites and original menu hits — a kind of farewell tour for loyal diners. 'We wanted to give enough time for everyone who supported us over the years to come in, for us to say thank you,' says Liendo. And the group's not done yet. A fourth restaurant is already in the works, though details are still under wraps. In the meantime, fans can take comfort in knowing that wherever the next EDO project lands, there will likely be bikinis, crunchy potato sticks, and eggshells filled with something delicious. See More: Vegas Restaurant Closings
