Market Signal Briefing

In a crypto market waiting for its next breakout, Pi Network continues to struggle with direction. Once seen as a community-driven revolution, the project now sits in limbo, caught between promise and misunderstanding.

The network was founded on a simple idea: one coin, one community, one vision. But confusion has spread across the ecosystem as many users turn to unofficial sources for guidance. A so-called “GCV handbook,” written by community members, claims that 1 Pi equals $314,159 and that there are two different Pi tokens for exchanges and GCV transactions.

According to crypto expert Dr. Altcoin, this is entirely false. “There is no such thing as a dual value using the same ticker like Pi,” he explained, saying that real dual-token systems such as InterLink’s ITLG and ITL use separate tickers for clarity and function.

The Pi Core Team (PCT) appears to be exploring legitimate paths for future growth instead. Two directions stand out:

Real-World Asset (RWA) Integration
Pi may adopt the ERC-3643 standard to bring tokenized assets on-chain, which would likely require a stablecoin, possibly named PiUSD, to maintain value stability during transactions.
Partnership with OpenMind
This collaboration aims to support decentralized robotic systems using Pi’s unused nodes, where a stablecoin like PiUSD could again play a key role in facilitating payments.
The analyst said that it could take years before Pi reaches full ecosystem maturity. Yet its future could mirror that of XRP, which recently introduced RLUSD, a stablecoin designed to complement XRP’s payment network.

If Pi follows a similar path, it might evolve into a dual-token economy with Pi for utility and PiUSD for stability, replacing speculation with structure.

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Zenrock’s wrapped Zcash token, zenZEC (ZEC), has achieved nearly $15 million in total trading volume since its launch on the Solana blockchain on October 31. While modest compared to the billions traded by leading cryptocurrencies, this milestone represents a major step toward integrating privacy-focused assets into decentralized finance (DeFi) — a feature long missing from the broader ecosystem.

Zenrock aims to merge Zcash’s strong privacy features with Solana’s speed and scalability, giving traders and institutions a new way to balance privacy, usability, and security. “Privacy is core to the ethos of crypto,” said Aditya Dave, Zenrock’s co-founder, emphasizing that traditional finance’s growing presence through stablecoins has diminished crypto’s original focus on privacy.

The zenZEC token is backed 1:1 by native ZEC and powered by Zenrock’s decentralized multi-party computation (MPC) network. This system divides a private key into multiple secret shares distributed across independent nodes, ensuring that the full key never exists in one place. The result is enhanced security and the elimination of single points of failure, a vital component for cross-chain and omnichain applications.

By wrapping Zcash for Solana, Zenrock enables ZEC holders to participate in on-chain DeFi for the first time in over seven years. The token is already active on Orca, one of Solana’s top decentralized exchanges, with incentives boosting liquidity and adoption. In the near future, zenZEC will also serve as collateral for Solana-based DeFi protocols, expanding its utility further.

With ZEC prices surging 16x since September to over $659, the launch of zenZEC highlights a growing demand for privacy-driven crypto solutions that deliver both speed and decentralized security — positioning Zenrock as a key player in the next evolution of DeFi innovation.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

Zcash’s comeback is turning into one of crypto’s biggest stories of the year as the privacy token extends its rally ahead of the upcoming halving event. 

Summary

Zcash price is up 20% to $658, extending 200% monthly gains.
Halving on Nov. 18 will cut rewards and boost scarcity.
Privacy adoption and institutional inflows strengthen long-term momentum.

Zcash surged to $658 at press time, jumping roughly 20% in the last 24 hours and extending a blistering run that’s now up about 200% in the last 30 days. Over the last year, ZEC has gained more than 1,300%, a surge fueled by renewed interest in privacy coins and the upcoming halving event.

Daily trading volume fell to $2.3 billion, down about 29% from the previous day, suggesting some traders are pausing after heavy Zcash (ZEC) buying earlier in the week. According to CoinGlass data, open interest rose 22% to $1.12 billion, while futures volume fell 24% to $5.95 billion. 

This mix points to a more relaxed market with traders holding their positions, indicating confidence in the current rally, as opposed to speculative activity.

Halving hype and rising privacy adoption
The immediate fuel is the upcoming halving on Nov. 18, which will reduce block rewards from 3.125 ZEC to 1.5625 ZEC per block. With this change, the yearly supply rate is reduced to about 3.5%, producing a scarcity effect similar to that of Bitcoin (BTC).

ZEC’s price action is a classic example of pre-halving positioning, which traders often expect. Analysts, including BitMEX’s Arthur Hayes, have floated $1,000+ targets if momentum sustains.

At the same time, on-chain data shows growing real-world use. More than 30% of the total ZEC supply, about 5 million coins, is now stored in shielded pools, a 60% monthly increase. These pools use zk-SNARK cryptography to facilitate completely private transactions. 

As new cross-chain integrations and privacy-focused wallets like Zashi make private payments easy for regular users, shielded transfers have increased by almost nine times this year.

Institutional interest is also building. In recent weeks, the assets under management of Grayscale’s Zcash Trust have more than doubled, reaching $151 million. This indicates that regulated funds are returning to privacy-focused assets, especially as data security becomes a major theme in global finance.

ZCash price technical analysis
Despite signs of exhaustion, ZEC’s short-term charts show a strong upward trend. The relative strength index close to 83 indicates that the market is likely much overbought, and momentum shows prices moving faster than average. 

ZCash daily chart. Credit: crypto.news
All of the major moving averages, ranging from the 10-day to the 200-day, are still below the current price, indicating a strong bullish trend. Support is forming near $550, which aligns with the 20-day moving average and recent consolidation levels. Resistance is around $700–720, the next psychological level to beat.

If momentum cools, a pullback toward $600 could offer a healthy reset before another leg up. A clean break above $720 could open the path to $850 and beyond if the halving narrative keeps attracting inflows.

~ ARPU of $0.45, Up 7% from Prior Quarter ~

~ Company Retains Robust Balance Sheet with More Than $290 Million of Liquidity ~

LONGBOAT KEY, Fla., Nov. 10, 2025 (GLOBE NEWSWIRE) -- Rumble Inc. (Nasdaq: RUM) (“Rumble” or the “Company”), the video-sharing platform and cloud services provider, today announced financial results for the fiscal quarter ended September 30, 2025.

Q3 2025 Key Highlights and Key Items

Revenue for the third quarter was $24.8 million, compared to $25.1 million in the third quarter of 2024.MAUs were 47 million in the third quarter of 2025, compared to 51 million in the second quarter of 2025. The decrease continues to be in part the result of a slowdown of news and political commentary outside of a U.S. election cycle, combined with seasonality related to content creators who produce less content during the summer months.Average Revenue Per User (“ARPU”) for the third quarter of 2025 was $0.45, representing a 7% increase from the second quarter of 2025. The increase is attributable to similar audience monetization revenue that came from fewer MAUs.Net loss for the third quarter of 2025 was $16.3 million, compared to a loss of $31.5 million in the third quarter of 2024.Adjusted EBITDA, a non-GAAP financial measure, was a loss of $15.1 million in the third quarter of 2025, an improvement of $8.4 million compared to the third quarter of 2024.As of September 30, 2025, Rumble had total liquidity of $293.8 million, consisting of $269.8 million in cash and cash equivalents and 210.82 Bitcoin, valued at $24.0 million. As of 4pm ET on November 7, 2025, the Company’s Bitcoin holdings are valued at $21.8 million.On August 5, 2025, Rumble announced a multi-pronged strategic partnership with Cumulus Media, one of the largest audio creators and distributors, to expand distribution and monetization opportunities across Cumulus Media radio stations, Westwood One, the Cumulus Podcast Network, and Rumble.com. Subsequent Events

On October 2, 2025, Rumble announced a partnership with Perplexity, integrating Perplexity AI’s search capabilities to expand the discoverability of Rumble videos and creators across AI-driven platforms.On October 14, 2025, Rumble announced that its platform had been fully restored in France following a favorable court ruling that determined a 2022 email from a French government official was not an enforceable order.On October 15, 2025, Rumble and Perplexity launched a subscription bundle combining Rumble Premium and Perplexity Pro for $19.99 per month, a limited time offer available through December 31, 2025. The bundle builds on the companies’ previously announced partnership, which integrates Perplexity’s AI-powered search tools to enhance discoverability on Rumble.com.Q3 Financial Summary (Unaudited)

For the three months ended September 30,
2025
2024
Variance ($)
Variance (%)

Revenues$24,762,445$25,056,904$(294,459)(1%)

Expenses

Cost of services (content, hosting and other)$
25,219,331$36,428,951$
(11,209,620
)
(31
%)General and administrative

10,492,008
9,710,935

781,073

8
%Research and development

4,455,354
4,650,688

(195,334
)
(4
%)Sales and marketing

5,076,937
3,955,552

1,121,385

28
%
Revenues decreased by $0.3 million to $24.8 million in the three months ended September 30, 2025 compared to the three months ended September 30, 2024, of which $0.5 million was attributable to a reduction in Audience Monetization revenues, offset by a $0.2 million increase in Other Initiatives revenues. The decrease in Audience Monetization revenues was due to a $4.9 million reduction in advertising revenue, offset by a $3.7 million increase in subscription fees, as well as $0.7 million from licensing, tipping fees, and platform hosting fees. We are continuing to see progress in the uptake of new brands, but we are still at the early stages of that process. The increase in Other Initiatives revenue was due to a $0.1 million increase in cloud services offered and a $0.1 million increase in advertising inventory being monetized by our publisher network.

Cost of services decreased by $11.2 million to $25.2 million in the three months ended September 30, 2025 compared to the three months ended September 30, 2024. The decrease was due to a reduction in programming and content costs of $11.9 million, offset by an increase in other costs of services of $0.7 million.

General and administrative expenses increased by $0.8 million to $10.5 million in the three months ended September 30, 2025 compared to the three months ended September 30, 2024. The increase was driven by a $1.2 million rise in administrative expenses, reflecting higher professional fees and other administrative services, offset by a decrease in payroll and related expenses of $0.4 million.

Research and development expenses decreased by $0.2 million to $4.5 million in the three months ended September 30, 2025 compared to the three months ended September 30, 2024. The decrease resulted from a $0.2 million decrease in costs associated with computer software, hardware, and other expenditures used in research and development-related activities.

Sales and marketing expenses increased by $1.1 million to $5.1 million in the three months ended September 30, 2025 compared to the three months ended September 30, 2024. The increase was due to a rise in marketing and public relations activities of $0.9 million and an increase in payroll and related expenses of $0.2 million.

Notes on KPIs

Monthly Active Users ("MAUs")

We use MAUs as a measure of audience engagement to help us understand the volume of users engaged with our content on a monthly basis. MAUs represent the total web, mobile app, and connected TV users of Rumble for each month, which allows us to measure our total user base calculated from data provided by Google, a third-party analytics provider. Google defines “active users” as the “[n]umber of distinct users who visited your website or application.”1 We have used the Google analytics systems since we first began publicly reporting MAU statistics, and the resulting data have not been independently verified.

As of July 1, 2023, Universal Analytics (“UA”), Google’s analytics platform on which we historically relied for calculating MAUs using company-set parameters, was phased out by Google and ceased processing data. At that time, Google Analytics 4 (“GA4”) succeeded UA as Google’s next-generation analytics platform, which has been used to determine MAUs since the third quarter of 2023 and which we expect to continue to use to determine MAUs in future periods. Although Google has disclosed certain information regarding the transition to GA4, Google does not currently make available sufficient information relating to its new GA4 algorithm for us to determine the full effect of the switch from UA to GA4 on our reported MAUs. Because Google has publicly stated that metrics in UA “may be more or less similar” to metrics in GA4, and that “[i]t is not unusual for there to be apparent discrepancies” between the two systems, we are unable to determine whether the transition from UA to GA4 has had a positive or negative effect, or the magnitude of such effect, if any, on our reported MAUs. It is therefore possible that MAUs that we reported based on the UA methodology (“MAUs (UA)”) for periods prior to July 1, 2023, cannot be meaningfully compared to MAUs based on the GA4 methodology (“MAUs (GA4)”) in subsequent periods.

Average Revenue Per User (“ARPU”)

We use ARPU as a measure of our ability to monetize our user base. Quarterly ARPU is calculated as quarterly Audience Monetization revenue divided by MAUs for the relevant quarter (as reported by Google Analytics). ARPU does not include Other Initiatives revenue.

About Rumble

Rumble is a Freedom-First technology platform with a mission to protect a free and open internet. The platform spans cloud, AI, and digital media, including its namesake video service, and is built on a foundation of customer independence and free speech. For more information, visit: corp.rumble.com.

Non-GAAP Financial Measures

To supplement our consolidated financial statements, which are prepared and presented in accordance with GAAP, we use certain non-GAAP financial measures, as described below, to understand and evaluate our core operating performance. These non-GAAP financial measures, which may be different than similarly titled measures used by other companies, are presented to enhance investors’ overall understanding of our financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. We use the non-GAAP financial measure of Adjusted EBITDA, which is defined as net income (loss) excluding interest income (expense), net, other income (expense), net, provision for income taxes, depreciation and amortization, share-based compensation expense, acquisition-related transaction costs, change in fair value of warrants, change in fair value of digital assets, change in fair value of contingent consideration, and change in the fair value of derivative. The Company’s management believes that it is important to consider Adjusted EBITDA, in addition to net income (loss), as it helps identify trends in our business that could otherwise be masked by the effect of the gains and losses that are included in net income (loss) but excluded from Adjusted EBITDA.

Adjusted EBITDA should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. There are a number of limitations related to the use of Adjusted EBITDA rather than net income (loss), the nearest GAAP equivalent. As a result of these limitations, you should consider Adjusted EBITDA alongside other financial performance measures, including net income (loss) and our other financial results presented in accordance with GAAP.

Forward-Looking Statements

Certain statements in this press release and the associated conference call constitute “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Statements contained in this press release that are not historical facts are forward-looking statements and include, for example, results of operations, financial condition and cash flows (including revenues, operating expenses, and net income (loss)); our ability to meet working capital needs and cash requirements over the next 12 months; and our expectations regarding future results and certain key performance indicators. Certain of these forward-looking statements can be identified by using words such as “anticipates,” “believes,” “intends,” “estimates,” “targets,” “expects,” “endeavors,” “forecasts,” “could,” “will,” “may,” “future,” “likely,” “on track to deliver,” “continues to,” “looks forward to,” “is primed to,” “plans,” “projects,” “assumes,” “should” or other similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, and our actual results could differ materially from future results expressed or implied in these forward-looking statements. The forward-looking statements included in this release are based on our current beliefs and expectations of our management as of the date of this release. These statements are not guarantees or indicative of future performance. Important assumptions and other important factors that could cause actual results to differ materially from those forward-looking statements include our ability to grow and manage future growth profitably over time, maintain relationships with customers, compete within our industry and retain key employees; the possibility that we may be adversely impacted by economic, business, and/or competitive factors; our limited operating history makes it difficult to evaluate our business and prospects; our recent and rapid growth may not be indicative of future performance; we may not continue to grow or maintain our active user base, and may not be able to achieve or maintain profitability; risks relating to our ability to attract new advertisers, or the potential loss of existing advertisers or the reduction of or failure by existing advertisers to maintain or increase their advertising budgets; our cloud business may not achieve success, and, as a result, our business, financial condition and results of operations could be adversely affected; negative media campaigns may adversely impact our financial performance, results of operations, and relationships with our business partners, including content creators and advertisers; prolonged or escalating trade disputes could materially and adversely impact our business; spam activity, including inauthentic and fraudulent user activity, if undetected, may contribute, from time to time, to some amount of overstatement of our performance indicators; we collect, store, and process large amounts of user video content and personal information of our users and subscribers and, if our security measures are breached, our sites and applications may be perceived as not being secure, traffic and advertisers may curtail or stop viewing our content or using our services, our business and operating results could be harmed, and we could face governmental investigations and legal claims from users and subscribers; our Bitcoin treasury strategy exposes us to various risks associated with holding Bitcoin; the operation of our crypto wallet exposes us to significant regulatory, operational, security, and market risks that could adversely affect our business, financial condition, results of operations, and reputation; we may fail to comply with applicable privacy laws, subjecting us to liability and damages; we are exposed to significant regulatory, operational, compliance, privacy, and legal risks related to age verification and child online safety laws implemented in various U.S states and foreign jurisdictions; our cloud services business operates in a highly regulated environment, subject to a complex and rapidly evolving array of domestic and international laws, regulations, and industry standards governing data privacy, cybersecurity, data localization, and cross-border data transfers; we are subject to cybersecurity risks and interruptions or failures in our information technology systems and as we grow and gain recognition, we will likely need to expend additional resources to enhance our protection from such risks, although notwithstanding our efforts, a cyber incident could occur and result in information theft, data corruption, operational disruption and/or financial loss; we may be found to have infringed on the intellectual property of others, which could expose us to substantial losses or restrict our operations; we may face liability for hosting a variety of tortious or unlawful materials uploaded by third parties, notwithstanding the liability protections of Section 230 of the Communications Decency Act of 1996; we may face negative publicity for removing, or declining to remove, certain content, regardless of whether such content violated any law; paid endorsements by our content creators may expose us to regulatory risk, liability, and compliance costs, and, as a result, may adversely affect our business, financial condition and results of operations; our traffic growth, engagement, and monetization depend upon effective operation within and compatibility with operating systems, networks, devices, web browsers and standards, including mobile operating systems, networks, and standards that we do not control; our business depends on continued and unimpeded access to our content and services on the internet and, if we or those who engage with our content experience disruptions in internet service, or if internet service providers are able to block, degrade or charge for access to our content and services, we could incur additional expenses and the loss of traffic and advertisers; we face significant market competition, and if we are unable to compete effectively with our competitors for traffic and advertising spend, our business and operating results could be harmed; we rely on data from third parties to calculate certain of our performance metrics and real or perceived inaccuracies in such metrics may harm our reputation and negatively affect our business; changes to our existing content and services could fail to attract traffic and advertisers or fail to generate revenue; we derive the majority of our revenue from advertising and the failure to attract new advertisers, the loss of existing advertisers, or the reduction of or failure by existing advertisers to maintain or increase their advertising budgets would adversely affect our business; we depend on third-party vendors, including internet service providers, advertising networks, and data centers, to provide core services; hosting and delivery costs may increase unexpectedly; we have offered and intend to continue to offer incentives, including economic incentives, to content creators to join our platform, and these arrangements may involve fixed payment obligations that are not contingent on actual revenue or performance metrics generated by the applicable content creator but rather are based on our modeled financial projections for that creator, which if not satisfied may adversely impact our financial performance, results of operations and liquidity; we may be unable to develop or maintain effective internal controls; we have identified a material weakness in our internal control over financial reporting as of December 31, 2024, and if we are unable to remediate this material weakness, we may not be able to accurately or timely report our financial condition or results of operations; potential diversion of management’s attention and consumption of resources as a result of acquisitions of other companies and success in integrating and otherwise achieving the benefits of recent and potential acquisitions; we may fail to maintain adequate operational and financial resources or raise additional capital or generate sufficient cash flows; changes in tax rates, changes in tax treatment of companies engaged in e-commerce, the adoption of new tax legislation, or exposure to additional tax liabilities may adversely impact our financial results; compliance obligations imposed by new privacy laws, laws regulating online video sharing platforms, other online platforms, and online speech in certain jurisdictions in which we operate, or industry practices may adversely affect our business; and those additional risks, uncertainties and factors described in more detail under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024, and in our other filings with the Securities and Exchange Commission. We do not intend, and, except as required by law, we undertake no obligation, to update any of our forward-looking statements after the issuance of this release to reflect any future events or circumstances. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.

Rumble on Social Media

Investors and others should note that we announce material financial and operational information to our investors using our investor relations website (investors.rumble.com), press releases, SEC filings and public conference calls and webcasts. We also intend to use certain social media accounts as a means of disclosing information about us and our services and to comply with our disclosure obligations under Regulation FD: the @rumblevideo X (formerly Twitter) account (x.com/rumblevideo), the @rumble TRUTH Social account (truthsocial.com/@rumble), the @chrispavlovski X (formerly Twitter) account (x.com/chrispavlovski), and the @chris TRUTH Social account (truthsocial.com/@chris), which Chris Pavlovski, our Chairman and Chief Executive Officer, also uses as a means for personal communications and observations. The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time, as listed on our investor relations website.

For investor inquiries, please contact:

Shannon Devine
MZ Group, MZ North America
203-741-8811
[email protected]

Source: Rumble Inc.

Condensed Consolidated Interim Statements of Operations (Unaudited)

Three months ended September 30,

Nine months ended September 30,

2025

2024

2025

2024

Revenues$24,762,445
$25,056,904
$73,553,866
$65,259,903

Expenses

Cost of services (content, hosting, and other)$25,219,331
$36,428,951
$81,797,812
$103,949,438
General and administrative
10,492,008

9,710,935

38,792,062

29,448,330
Research and development
4,455,354

4,650,688

14,070,349

14,497,709
Sales and marketing
5,076,937

3,955,552

16,607,389

13,527,043
Acquisition-related transaction costs
5,236,796

-

7,624,901

-
Amortization and depreciation
3,880,492

3,128,242

10,775,361

9,118,603
Changes in fair value of digital assets
(1,456,388)
-

(4,949,413)
-
Changes in fair value of contingent consideration
-

-

-

1,354,357

Total expenses
52,904,530

57,874,368

164,718,461

171,895,480

Loss from operations
(28,142,085)
(32,817,464)
(91,164,595)
(106,635,577)Interest income
2,896,649

1,949,898

7,979,880

6,646,015
Other income (expense)
46,901

(304)
(476)
(73,881)Changes in fair value of derivative
-

-

9,700,000

-
Changes in fair value of warrant liability
8,936,773

(756,700)
24,379,616

(1,480,395)

Lossbefore income taxes
(16,261,762)
(31,624,570)
(49,105,575)
(101,543,838)Income tax benefit (expense)
-

85,157

(31,310)
(66,315)

Net loss$(16,261,762)$(31,539,413)$(49,136,885)$(101,610,153)

Loss per share – basic and diluted$(0.06)$(0.15)$(0.19)$(0.50)Weighted-average number of common shares used in computing net loss per share-basic and diluted
260,529,688

204,972,162

252,722,453

203,660,885

Share-based compensation expense included in expenses:

Cost of services (content, hosting, and other)$971,476
$2,405,375
$3,534,489
$5,332,489
General and administrative
3,020,892

3,139,578

12,256,088

10,176,965
Research and development
909,444

361,752

2,450,885

1,299,092
Sales and marketing
481,879

251,060

1,206,326

669,495
Total share-based compensation expense$5,383,691
$6,157,765
$19,447,788
$17,478,041

Condensed Consolidated Interim Balance Sheets (Unaudited)

September 30,
2025
December 31,
2024

Assets

Current assets

Cash and cash equivalents$269,757,150
$114,018,900
Accounts receivable, net
12,576,138

9,778,941
Prepaid expenses and other
4,748,926

12,329,789

287,082,214

136,127,630

Other non-current assets
1,289,830

402,475
Digital assets
24,049,413

-
Property and equipment, net
16,719,825

17,068,076
Right-of-use assets, net
2,199,418

1,753,100
Intangible assets, net
25,178,209

29,306,135
Goodwill
10,655,391

10,655,391

$367,174,300
$195,312,807

Liabilities and Shareholders' Equity (Deficit)

Current liabilities

Accounts payable and accrued liabilities$30,545,284
$18,223,372
Deferred revenue
15,641,367

12,812,984
Lease liabilities
1,325,202

1,000,643
Derivative liability
-

184,699,998

45,511,853

216,736,997

Lease liabilities, net of current portion
920,130

799,910
Warrant liability
16,011,686

40,391,302
Other liability
500,000

500,000

64,943,669

258,428,209
Commitments and contingencies (Note 14)

Shareholders' equity (deficit)

Preferred shares
($0.0001 par value per share, 20,000,000 shares authorized, no shares issued or outstanding)
-

-
Common shares
($0.0001 par value per share, 700,000,000 Class A shares authorized, 215,380,893 and 118,808,857 shares issued and outstanding, as of September 30, 2025 and December 31, 2024, respectively; 170,000,000 Class C shares (and corresponding ExchangeCo Share) authorized, 123,690,470 and 165,153,621 shares issued and outstanding, as of September 30, 2025 and December 31, 2024, respectively; 110,000,000 Class D shares authorized, 95,791,120 and 105,782,403 shares issued and outstanding, as of September 30, 2025 and December 31, 2024, respectively)
773,404

768,892
Accumulated deficit
(532,702,827)
(483,565,942)Additional paid-in capital
834,160,054

419,681,648

302,230,631

(63,115,402)
$367,174,300
$195,312,807

Condensed Consolidated Interim Statements of Cash Flows (Unaudited)
For the nine months ended September 30,
2025

2024
Cash flows provided by (used in)

Operating activities

Net loss for the period$(49,136,885)$(101,610,153)Adjustments to reconcile net loss to net cash used in operating activities:

Amortization and depreciation
10,775,361

9,118,603
Share-based compensation
19,447,788

14,666,835
Non-cash lease expense
864,361

805,679
Net trade and barter revenue and expense
1,310,795

1,327,605
Change in fair value of derivative
(9,700,000)
-
Change in fair value of warrants
(24,379,616)
1,480,395
Change in fair value of contingent consideration
-

1,354,357
Change in fair value of digital assets
(4,949,413)
-
Loss on disposal of property and equipment
6,627

-
Loss on lease termination
925

-

Changes in operating assets and liabilities:

Accounts receivable
(2,797,197)
(5,864,270)Prepaid expenses and other
6,642,470

(1,384,211)Accounts payable and accrued liabilities
10,208,952

976,194
Deferred revenue
1,517,588

4,263,094
Deferred tax liability
-

1,030,757
Operating lease liabilities
(815,788)
(817,540)Net cash used in operating activities
(41,004,032)
(74,652,655)

Investing activities

Purchase of property and equipment
(1,774,932)
(2,654,913)Purchase of intangible assets
(2,019,595)
(4,700,559)Purchase of marketable securities
-

(1,202,290)Sale and maturities of marketable securities
-

1,135,200
Purchase of digital assets
(19,100,000)
-
Cash paid to non-accredited investors in connection with Callin acquisition
-

(204,846)Cash paid in connection with North River acquisition
-

(3,654,500)Net cash used in investing activities
(22,894,527)
(11,281,908)

Financing activities

Taxes paid from net share settlement for share-based compensation
(3,260,193)
(1,915,138)Proceeds from the exercise of warrants and stock options
2,197,419

295,726
Proceeds from issuance of Class A Common Stock under ESPP
129,374

-
Proceeds from issuance of Class A Common Stock
775,000,000

-
Repurchase of Class A Common Stock
(525,000,000)
-
Share issuance costs
(29,429,791)
-
Net cash provided by (used in) financing activities
219,636,809

(1,619,412)Increase/ (decrease) in cash and cash equivalents during the period

155,738,250

(87,553,975)

Cash and cash equivalents, beginning of period
114,018,900

218,338,658
Cashand cash equivalents, end of period$269,757,150
$130,784,683

Supplemental cash flow information

Cash paid for income taxes$33,755
$71,864
Cash paid for interest
-

278
Cash paid for lease liabilities
805,308

945,354

Non-cash investing and financing activities:

Class A Common Stock issued to settle contingent consideration liability
-

1,404,753
Property and equipment in accounts payable and accrued liabilities
2,112,958

49,343
Recognition of operating right-of-use assets in exchange of operating lease
 Liabilities, net of derecognition of terminated leases
1,119,786

317,003
Share-based compensation capitalized related to intangible assets
398,323

342,374

Reconciliation of GAAP to Non-GAAP Financial Measures
Reconciliation of Adjusted EBITDA (Unaudited)

Three months ended September 30,

Nine months ended September 30,

2025

2024

2025

2024

Net loss$(16,261,762)$(31,539,413)$(49,136,885)$(101,610,153)Adjustments:

Amortization and depreciation
3,880,492

3,128,242

10,775,361

9,118,603
Share-based compensation expense
5,383,691

6,157,765

19,447,788

17,478,041
Interest income
(2,896,649)
(1,949,898)
(7,979,880)
(6,646,015)Other (income) expense
(46,901)
304

476

73,881
Income tax (benefit) expense
-

(85,157)
31,310

66,315
Change in fair value of warrants liability
(8,936,773)
756,700

(24,379,616)
1,480,395
Change in fair value of digital assets
(1,456,388)
-

(4,949,413)
-
Change in fair value of contingent consideration
-

-

-

1,354,357
Change in fair value of derivative
-

-

(9,700,000)
-
Acquisition-related transaction costs
5,236,796

-

7,624,901

-
Adjusted EBITDA$(15,097,494)$(23,531,457)$(58,265,958)$(78,684,576)

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November 10, 2025 00:56 ET

 | Source:

Rumble, Inc.

Commitment in Support of Recently Announced Exchange Offer for Northern Data

Agreement Further Demonstrates Tether’s Expanding Investment and Partnership with Rumble

LONGBOAT KEY, Fla., Nov. 10, 2025 (GLOBE NEWSWIRE) -- Rumble Inc. (NASDAQ: RUM) (“Rumble” or the “Company”), the Freedom-First technology platform, today agreed on a significant GPU commitment with Tether, the largest company in the digital assets industry and the most widely used dollar stablecoin across the world with more than 500 million users. The agreement represents an initial commitment by Tether to purchase up to $150 million of GPU services over a two-year period following the closing of Rumble’s voluntary public exchange offer for Northern Data AG.

Securing direct access to high-performance compute is a strategic cornerstone of Tether’s broader AI ambitions, positioning the company to power a decentralized ecosystem for AI that operates independently of hyperscalers. The GPU fleet would enable Tether to supercharge its AI models and agents, ensuring both computational sovereignty and long-term cost efficiency. By leveraging Rumble’s library and Northern Data’s GPU clusters to train AI models and co-create tools that empower content creators worldwide, Tether's AI products are aimed at being insulated from censorship or access restrictions. Together, this is expected to fuel global AI development at scale with the hardware base and geopolitical independence to build a self-sustaining, open AI infrastructure that does not rely on centralized cloud providers.

“Paolo Ardoino is a visionary. He has built an unparalleled business model with a world-class team at Tether who have demonstrated relentless execution on product,” said Chris Pavlovski, Chairman and Chief Executive Officer of Rumble. “At Rumble, with the exchange offer for Northern Data, we will be in a position to expand our partnership with Tether, supply them as an anchor customer on our Freedom-First AI infrastructure and help them execute on their game-changing AI plans rooted in privacy, independence and resilience.”

The GPU purchase agreement will only become effective at the closing of Rumble’s exchange offer for Northern Data AG.

ABOUT RUMBLE

Rumble is a Freedom-First technology platform with a mission to protect a free and open internet. The platform spans cloud, AI, and digital media, including its namesake video service, and is built on a foundation of customer independence and free speech.

ABOUT TETHER

Tether is the creator of the world’s most used stablecoin and a pioneer in building decentralized financial, communication, AI, and energy infrastructure. With a mission to promote financial inclusion and sovereign access to resources, Tether supports projects globally that align with the principles of openness, transparency, and technological independence.

Important Information for Investors and Stockholders

This communication does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be commenced except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended (the “Securities Act”).

When the exchange offer referenced in this press release (the “Offer”) is launched in accordance with the definitive agreements for the transaction, such Offer will only be made pursuant to a Registration Statement on Form S-4 and related information statement and other relevant documents to be filed by Rumble with the SEC. Before making any voting or investment decision, investors and security holders of Northern Data are strongly advised to read the registration statement and related information statement and all other relevant documents filed or that will be filed with the SEC in connection with the Offer, when launched, as they become available because they will contain important information about the transaction. Holders of Northern Data shares will need to make their own decision whether to tender shares in the Offer, when launched. Investors and security holders of Northern Data will be able to obtain free copies of the registration statement and related information statement and all other relevant documents filed or that will be filed with the SEC by Rumble through the website maintained by the SEC at www.sec.gov.

Neither the SEC nor any U.S. state securities commission has passed any comment upon the adequacy, accuracy or completeness of the disclosure in this release. Any representation to the contrary is a criminal offence in the United States.

Certain Information Regarding Participants

Rumble and its directors, executive officers and other members of its management and employees may be deemed under SEC rules to be participants in the solicitation of proxies of Rumble’s stockholders in connection with the proposed transactions. Information concerning the interests of Rumble’s participants in any such solicitation, if applicable, which may, in some cases, be different from those of Rumble’s stockholders generally. Information regarding the directors and executive officers of Rumble is contained in Rumble’s Annual Report on Form 10-K for the year ended December 31, 2024, and its Proxy Statement on Schedule 14A, dated April 25, 2025, which are filed with the SEC and can be obtained free of charge from the sources indicated above. Other information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the information statement/prospectus and other relevant materials to be filed with the SEC regarding the proposed transaction when they become available.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Investors should read statements that contain these words carefully because they discuss future expectations, contain projections of future results of operations or financial condition; or state other “forward-looking” information. These forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond Rumble’s and Northern Data’s control.

These forward-looking statements include, but are not limited to, statements regarding benefits of the proposed transaction, integration plans and expected synergies, and anticipated future growth, financial and operating performance and results. Forward-looking statements involve risks and uncertainties that may cause actual results to be materially different from the results predicted or expected. No assurance can be given that these forward-looking statements will prove accurate and correct, or that projected or anticipated future results will be achieved. Factors that could cause actual results to differ materially from those indicated in any forward-looking statement include, but are not limited to: with respect to the transaction with Northern Data referred to in this press release, the expected timing and likelihood of the completion of the contemplated transaction, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the contemplated transaction that could reduce anticipated benefits or cause the parties to abandon the transaction; risks that the condition to the publication of the offer document relating to the outcome of an independent investigation to be conducted by Northern Data into certain VAT tax-related allegations is not satisfied; the occurrence of any event, change or other circumstances that could give rise to the termination of the transaction; the ability to successfully complete the proposed transaction; regulatory or other limitations imposed as a result of the proposed transaction; the success of the business following the proposed transaction; the ability to successfully integrate Rumble’s and Northern Data’s businesses; the possibility that the requisite number of Northern Data’s shares may not be tendered in the exchange offer; the risk that the parties may not be able to satisfy the conditions to closing of the proposed transaction in a timely manner or at all; risks related to disruption of management time from ongoing business operations due to the proposed transaction; the risk that the announcement or consummation of the proposed transaction could have adverse effects on the market price of Rumble’s Class A common stock or Northern Data’s capital stock or the ability of Rumble and Northern Data to retain customers, retain or hire key personnel, maintain relationships with their respective suppliers and customers, and on their operating results and businesses generally; the risk that the combined business may be unable to achieve expected synergies or that it may take longer or be more costly than expected to achieve those synergies; the risk of fluctuations in revenue due to lengthy sales and approval process required by major and other service providers for new products; the risk posed by potential breaches of information systems and cyber-attacks; the risks that Rumble, Northern Data or the post-combination company may not be able to effectively compete, including through product improvements and development; and such other factors as are set forth in Northern Data’s annual and interim financial reports made publicly available and Rumble’s public filings made with the SEC from time to time, including but not limited to those described under the headings “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Rumble’s Form 10-K for the fiscal year ended December 31, 2024 and Rumble’s Form 10-Q for the quarterly period ended September 30, 2025, which are available via the SEC’s website at www.sec.gov. The foregoing list of risk factors is not exhaustive. These risks, as well as other risks associated with the contemplated transaction, will be more fully discussed in the proxy statement/prospectus and the offering prospectus that will be included in the registration statement that will be filed with the SEC and in an offering document and/or any prospectuses or supplements to be filed with the German Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht) in connection with the contemplated transaction. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements might not occur or might occur to a different extent or at a different time than Rumble or Northern Data has described. All such factors are difficult to predict and beyond our control. All forward-looking statements included in this document are based upon information available to Rumble on the date hereof, and Rumble disclaims and does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do occur, what impact they will have on the results of operations, financial condition or cash flows of Rumble or Northern Data. Should any risks and uncertainties develop into actual events, these developments could have a material adverse effect on the proposed transaction or Rumble’s or Northern Data’s ability to successfully complete the proposed transaction or realize the expected benefits from the proposed transaction. You are cautioned not to rely on Rumble’s and Northern Data’s forward-looking statements. These forward-looking statements are and will be based upon management’s then-current views and assumptions regarding future events and operating performance, and are applicable only as of the dates of such statements. Rumble does not assume any duty to update or revise forward-looking statements herein, whether as a result of new information, future events or otherwise, as of any future date.

For investor inquiries, please contact:

Shannon Devine
MZ Group, MZ North America
203-741-8811
[email protected]

Source: Rumble Inc.

For investor inquiries, please contact:

Shannon Devine
MZ Group, MZ North America
203-741-8811
[email protected]

Source: Rumble Inc.

Accessibility: Skip TopNav

Issuer name: Ensurge Micropower ASA 
Ex. date: 10 November 2025  
Type of corporate action: Possible repair issue/subsequent offering 

This information is published in accordance with the requirements of the Continuing Obligations.

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Utstedernavn: Ensurge Micropower ASA  Ex. Dato: 10. november 2025 Type selskapshandling: Potensiell reparasjonsemisjon  Denne informasjonen offentliggjøres i henhold til kravene i Løpende...

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Reference is made to the stock exchange announcement from Ensurge Micropower ASA ("Ensurge" or the "Company") today regarding a private placement of shares in the Company raising NOK 100 million at a...

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Money can buy time, but it doesn't guarantee success.

The arrival of artificial intelligence (AI) has driven a massive market rally, especially in technology stocks, that has persisted for most of the past three years.

Wall Street's enthusiasm for artificial intelligence has flowed into quantum computing. The hope that quantum technology can unlock AI's full potential has sent various quantum computing stocks soaring as investors try to gauge which company could emerge as a big winner, much like Nvidia has with AI.

IonQ (IONQ +3.20%) is a leading candidate, and its CEO has gone so far as to suggest the company hopes to replicate Nvidia's AI dominance in quantum computing.

Now, armed with $3.5 billion in cash, is the company poised to deliver on its ambitions? Here is what you need to know.

Image source: Getty Images

IonQ is loaded with cash to fund its growth efforts
Quantum computers use quantum mechanics to perform complex calculations dramatically faster than today's computers. Late last year, an experimental quantum chip from Google (Alphabet) performed a test computation in under five minutes that would take a modern supercomputer longer than our universe has existed. Like, whoa.

IonQ is developing a commercial quantum computing platform to harness that mind-blowing computing power and enhance existing technologies or even create new ones. However, quantum computers are currently unreliable. Their sensitivity to their operating environment makes them highly prone to errors.

When you read about technological advancements from IonQ or other quantum computing companies, it's often about developing computers capable of processing more qubits with higher accuracy, meaning fewer errors.

To date, most quantum computing applications are for research purposes, so there is a minimal commercial opportunity for IonQ at the moment. The company is guiding for $110 million in full-2025 revenue, but its operating activities have burned over $208 million through nine months of this year.

IonQ recently sold $2 billion in new shares to the market. Adding those funds brings the company's total cash position to $3.5 billion, enough to fund its business for the near future.

But having funding doesn't guarantee IonQ's success
IonQ faces several potential hurdles in the quantum computing space.

First, it's still highly debatable how much commercial potential quantum computing has. While quantum computers have proven they can exponentially speed up computations, it's still extremely early to know how and when software developers can apply that technology to real-world use cases.

Industry experts have such wide-ranging opinions on both the size of quantum computing's addressable market and the timeline to make that potential a reality. Research from McKinsey & Company estimates that quantum computing revenue could soar from $4 billion last year to $72 billion by 2035. On the other hand, some tech CEOs are staying cautious. Google's Sundar Pichai estimated earlier this year that practical quantum computers are five to 10 years away.

There are competitive challenges, too. If quantum computing's upside proves genuine, IonQ will face immediate competition from many deep-pocketed companies that are developing quantum technology, including Alphabet, Amazon, International Business Machines (IBM), Microsoft, and Nvidia. That's before getting into other smaller start-up companies.

IonQ currently sells access to its existing quantum computer through cloud companies, but these companies could sever those ties as quantum computing matures and they develop their own offerings.

How well could IonQ build its business outside of the entrenched cloud computing ecosystems of Amazon, Microsoft, and Alphabet? Will IonQ's technology come out ahead of others? Or, if selling quantum computing to commercial clients comes down to price, can it survive a price war with trillion-dollar companies?

Today's Change

(

3.20

%) $

1.84

Current Price

$

59.27

The stock is flashing some warning signs
With so much uncertainty, a pure-play quantum computing stock with little revenue and steep losses, such as IonQ, becomes a precarious investment.

Yet the stock trades at an astronomical valuation.

With a market cap of just over $19 billion, IonQ is trading at roughly 172 times the high end of its updated 2025 revenue guidance. That makes it one of the most expensive stocks on the entire market, a perilous risk-reward proposition for investors, given how many things could go wrong for IonQ's business or quantum computing as a whole.

IonQ's $3.5 billion cash hoard buys it plenty of time to continue developing quantum computers and to invest in building out its business model over the coming years. But no, the cash alone doesn't make IonQ a dominant force in its field, or a viable long-term investment, to say the least.

If anything, IonQ is representative of the market's enthusiasm going too far. Investors should tread very carefully here.

By Reuters

November 10, 20256:05 AM UTCUpdated ago

A view shows the logo of Novo Nordisk at the company's office in Bagsvaerd, on the outskirts of Copenhagen, Denmark, March 8, 2024. REUTERS/Tom Little/File Photo Purchase Licensing Rights, opens new tab

Nov 10 (Reuters) - Novo Nordisk

(NOVOb.CO), opens new tab has partnered with India's Emcure Pharmaceuticals

(EMCU.NS), opens new tab to exclusively distribute and market weight-loss drug Poviztra semaglutide injection in the country, the Indian firm said on Monday.

Sign up here.

Reporting by Manvi Pant in Bengaluru; Editing by Mrigank Dhaniwala

Our Standards: The Thomson Reuters Trust Principles., opens new tab

SOUTH SAN FRANCISCO, Calif.--(BUSINESS WIRE)--Genentech, a member of the Roche Group (SIX: RO, ROG; OTCQX: RHHBY), announced today that the first Phase III (FENhance 2) of two pivotal, similarly-designed Phase III studies (FENhance 1 and 2) in patients with relapsing multiple sclerosis (RMS) met its primary endpoint. Fenebrutinib, an investigational Bruton's tyrosine kinase (BTK) inhibitor, significantly reduced the annualized relapse rate (ARR) compared to teriflunomide over a period of at lea.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in SW over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

November 09, 2025 10:37 PM EST | Source: The Rosen Law Firm PA
New York, New York--(Newsfile Corp. - November 9, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers or sellers of common stock of Cepton, Inc. (NASDAQ: CPTN) between July 29, 2024 and January 6, 2025, both dates inclusive (the "Class Period"), of the important December 8, 2025 lead plaintiff deadline.

SO WHAT: If you purchased or sold Cepton common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Cepton class action, go to https://rosenlegal.com/submit-form/?case_id=45981 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 8, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements regarding Cepton's business, operations, and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (1) Cepton had received a credible third-party bid valuing Cepton at more than double the Koito Acquisition (Cepton's merger with Koita Manufacturing Co., Ltd.); (2) Cepton's Board of Directors failed to meaningfully explore the foregoing offer and failed to disclose its terms when recommending that Cepton's shareholders approve the Koito Acquisition; (3) consequently, Cepton's shareholders were deprived of the opportunity to meaningfully consider whether to accept or reject the Koito Acquisition; and (4) as a result, defendants' public statements were materially false and misleading at all relevant times.

To join the Cepton class action, go to https://rosenlegal.com/submit-form/?case_id=45981 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273788

NEW YORK, Nov. 09, 2025 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of James Hardie Industries plc (NYSE: JHX) between May 20, 2025 through August 18, 2025, both dates inclusive (the “Class Period”) of the important December 23, 2025 lead plaintiff deadline.

SO WHAT: If you purchased James Hardie common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the James Hardie class action, go to https://rosenlegal.com/submit-form/?case_id=46976 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 23, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, James Hardie Industries plc misled investors about the strength of its key North America Fiber Cement segment between May 20 and August 18, 2025. Despite knowing by April and early May that distributors were destocking inventory, James Hardie falsely claimed demand remained strong and that stock levels were “normal.” When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the James Hardie class action, go to https://rosenlegal.com/submit-form/?case_id=46976 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
        Fax: (212) 202-3827
        [email protected]
        www.rosenlegal.com

NEW YORK, Nov. 09, 2025 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Firefly Aerospace Inc. (NASDAQ: FLY) resulting from allegations that Firefly Aerospace may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Firefly Aerospace securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=46681 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

WHAT IS THIS ABOUT: On September 22, 2025, after market close, The Wall Street Journal published an article entitled “Firefly Aerospace Posts Wider Loss as Revenue Falls.” The article stated that Firefly “logged a wider loss and lower revenue in its latest quarter, marking its first earnings report since its stock market debut last month.”

On this news, Firefly stock fell 15.3% on September 23, 2025.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. At the time Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
        Fax: (212) 202-3827
        [email protected]
        www.rosenlegal.com

NEW YORK, Nov. 09, 2025 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Cytokinetics, Inc. (NASDAQ: CYTK) between December 27, 2023 and May 6, 2025, both dates inclusive (the “Class Period”), of the important November 17, 2025 lead plaintiff deadline.

SO WHAT: If you purchased Cytokinetics common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Cytokinetics class action, go to https://rosenlegal.com/submit-form/?case_id=45298 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 17, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements regarding the timeline for the New Drug Application (“NDA”) submission and approval process for aficamten. Specifically, defendants represented that Cytokinetics expected approval from the U.S. Food and Drug Administration (“FDA”) for its NDA for aficamten in the second half of 2025, based on a September 26, 2025 Prescription Drug User Fee Act (“PDUFA”) date, and failed to disclose material risks related to Cytokinetics’ failure to submit a Risk Evaluation and Mitigation Strategy (“REMS”) that could delay the regulatory process. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Cytokinetics class action, go to https://rosenlegal.com/submit-form/?case_id=45298 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
        Fax: (212) 202-3827
        [email protected]
        www.rosenlegal.com

SummaryVanguard Information Technology ETF and Technology Select Sector SPDR Fund have soared, but both are highly concentrated in a few mega-cap tech stocks.VGT and XLK face risks from high valuations, economic headwinds, and potential reversals in the AI-driven rally, making them vulnerable to significant pullbacks.I recommend investors reduce exposure to these tech ETFs and consider rebalancing portfolios, as the S&P 500 and small-cap value funds may offer better risk-reward.Given current market conditions, cash and TIPS are attractive alternatives, and I favor more diversified or defensive equity strategies over concentrated tech exposure.MartinFredy/iStock via Getty Images

The Vanguard Information Technology ETF (VGT) is a large ETF that has increased a lot in price. It is well-managed and is run by a company I highly admire at a cost to holders that is

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of ESVIF; NBR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

My articles, blog posts, and comments on this platform do not constitute investment recommendations but rather express my personal opinions and are for informational purposes only. I am not a registered investment advisor, and none of my writings should be considered as investment advice. While I do my best to ensure I present correct factual information, I cannot guarantee that my articles or posts are error-free. You should perform your own due diligence before acting upon any information contained therein.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

SummaryPostal Realty Trust remains a Buy, offering unique exposure as the largest REIT focused on USPS-leased properties, with a 99.8% occupancy rate.PSTL reported strong Q3 results, raising 2025 AFFO guidance and accelerating acquisitions, supporting a sustainable 6.34% dividend yield with a 74% AFFO payout ratio.Macro tailwinds, including potential rate cuts and a fragmented market, position the REIT for continued growth through portfolio expansion and improved rent escalations.Despite near-term uncertainties, PSTL's solid balance sheet, proactive management, and long-term growth opportunities justify a higher valuation.Yuriy T/iStock Editorial via Getty Images

Introduction Back when I first covered Postal Realty Trust (PSTL), I called them "Unique, Undervalued And Poised For A Rebound," highlighting the unique exposure they offer as the largest REIT focused

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in PSTL over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of HTGC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Kyivstar reports 20% top-line and EBITDA growth as digital rises to 12% of revenues

10 November 2025. KYIV, Ukraine

Kyivstar Group Ltd (“Kyivstar”, the “Group”) 3Q25 unaudited results highlights

Total revenue grew 20.9% YoY to UAH 12.3 bn (+19.8% to USD 297 mn).EBITDA grew 21.5% YoY to UAH 7.1 bn (20.4% to USD 171 mn).Adjusted net profit was USD 73 mn. This metric excludes the non-cash charge of USD 162 mn recognized in 3Q25 related to the Kyivstar listing. Without adjustments, loss for 3Q25 was USD 89 mn.Direct digital revenue grew to 11.9% of total thanks to a 531% surge to UAH 1.5 bn (+526% to USD 35 mn), driven in turn by consolidation of Uklon.Multiplay users expanded 24.8% YoY to 6.6 mn, digital MAUs 49.4% to 13.5 mn.Cash position of USD 472 mn highlights Kyivstar’s fortress balance sheet, supported by LTM equity free cash flow of USD 373 mn. 10 November 2025. KYIV, Ukraine – Kyivstar Group Ltd (Nasdaq: KYIV), Ukraine’s leading digital operator, today announces selected unaudited financial and operating results for the third quarter ended September 30, 2025.

Kyivstar sustained strong momentum into 3Q25, delivering 20.9% total revenue growth to UAH 12.3 bn (19.8% to USD 297 mn). The performance demonstrates the Group’s disciplined pricing and ability to capture a growing share of consumer spending. Mobile ARPU climbed 14.0% YoY to UAH 153.1 (USD 3.7).

EBITDA rose 21.5% YoY to UAH 7.1 bn (20.4% to USD 171 mn), with the EBITDA margin at 57.6% for the quarter. Continued strong profitability reflects disciplined cost management amid revenue growth and the execution of Kyivstar’s digital strategy.

Direct digital revenue grew 531% to UAH 1,464 mn (526% to USD 35 mn), reaching 11.9% of total revenue and supported by the acquisition of Uklon in April. Kyivstar’s multiplay strategy pushed customer engagement and blended ARPU higher, as users who combine connectivity with at least one digital service rose 24.8% YoY to 6.6 mn, now representing 31.7% of one-month-active mobile customers. Our expanding digital platforms are transforming Kyivstar into a model digital ecosystem ever more embedded in customers’ everyday lives.

The integration of Uklon (consolidated effective April) contributed substantially with USD 24.7 mn in revenue, USD 9.1 mn in EBITDA and USD 6.7 mn in profit for the quarter. The platform recorded strong growth in trip volumes, average fare per ride and digital engagement, strengthening Kyivstar’s foothold in everyday mobility.

The Group steadily advanced on its strategic priorities during the quarter. Kyivstar commenced trading on the NASDAQ on August 15, becoming the first Ukrainian company to list on a US stock exchange. The Group also conducted Ukraine’s first Starlink Direct to Cell network test ahead of service launch in late 4Q25, while progress continues on developing Ukraine’s first national large language model (“LLM”) in partnership with Ukraine’s Ministry of Digital Transformation.

Kyivstar expects revenue growth of 24% to 27% YoY, and EBITDA growth of 23% to 26% YoY, in UAH terms, for the full year. In USD terms, the Group expects revenue growth of 20% to 23% YoY and EBITDA growth of 19% to 22% YoY for 2025, assuming current FX rates. Capex intensity for 2025 is expected in the 30% to 33% range.

Commenting on the results, CEO Oleksandr Komarov said:

“Anchored by Kyivstar’s resilient, market-leading telecom franchise, we are scaling a strong digital ecosystem. Digital services now contribute nearly 12% of revenues, and our ~20% growth in revenue and EBITDA highlights the growing role of our digital portfolio in Ukrainians’ daily lives. This momentum is supported by our robust mobile and fixed-line businesses, where competitive pricing and reliable service sustain our market leadership.

“Looking ahead, we are committed to shaping Ukraine’s digital future, from advancing AI and cloud to expanding how customers connect. Our upcoming nationwide Direct to Cell launch is another key milestone. As the first Ukrainian company to list on a US exchange, we look forward to sharing Kyivstar’s compelling investment opportunity.”

3Q25 results conference call

To register and access the event, please click here or copy and paste this link to the address bar of your browser: https://edge.media-server.com

After registering, you will receive a confirmation email at the address you provided. This email will include a link to access the webcast and the dial-in details for listening to the conference call by phone.

We strongly encourage you to participate in the event through the webcast link, but if you prefer to dial in, please register using this link:

https://register-conf.media-server.com/register/BI16abec37899c48a7b76730d18d0f5357

Once registered, you will receive your unique PIN and dial-in information to join the call. You will also have the option to select your preferred method of participation.

You can dial in directly from your phone using the provided number and PIN, or choose Call Me, enter your phone number, and receive an immediate callback from the system. The call will come from a US-based number.

Q&A

Once Q&A begins, if you have a question, please use the Raise Hand button on your screen. When it is your turn to speak, the moderator will announce your name as well as sending a message to your screen asking you to confirm you want to talk. Once accepted, please unmute your mic and ask your question.

You can also submit your questions prior to the event to Kyivstar Investor Relations at [email protected].

About Kyivstar Group Ltd.

Kyivstar Group Ltd. operates Ukraine's leading digital operator, JSC Kyivstar, serving more than 22.5 million mobile customers and over 1.2 million home internet fixed line customers as of September 30, 2025. Kyivstar Group Ltd. and its subsidiaries provide services across a wide range of mobile and fixed line technologies, including 4G, big data, cloud solutions, cybersecurity, digital TV, ride-hailing, and more. Together with VEON, Kyivstar intends to invest USD 1 billion in Ukraine during 2023-2027, through social investments in infrastructure and technological development, charitable donations and strategic acquisitions. Kyivstar Group Ltd. and its subsidiaries have been operating in Ukraine for more than 27 years. For more information, visit: investors.kyivstar.ua.

PERFORMANCE MEASURES AND NON-GAAP FINANCIAL MEASURES

In presenting our results, Kyivstar has included certain non-GAAP financial measures, including Adjusted EBITDA, CAPEX excl. licenses and ROU and Uklon Adjusted EBITDA, that it believes are useful to consider, in addition to its IFRS results, for a more complete understanding of the financial performance and position of Kyivstar. The key performance measures and non-GAAP financial measures that Kyivstar believes are meaningful in analyzing its performance are summarized in Attachment D in Kyivstar's earnings release as of the date of this press release and where applicable a reconciliation of non-GAAP financial measures to IFRS financials is set out at the end of this press release. However, any non-GAAP financial measures should not be viewed as a substitute for those determined in accordance with IFRS and Kyivstar's methodology for calculating these measures may be different from the way its industry peers calculate these measures

DISCLAIMER AND NOTICE TO READER

This document contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements relating to Kyivstar’s future operating results, targets, or financial position. There are numerous risks and uncertainties that could cause actual results and Kyivstar’s plans and objectives to differ materially from those expressed in the forward-looking information, such as those risks discussed in the section entitled “Risk Factors” Kyivstar Group’s final prospectus filed with the SEC on July 22, 2025, as such document may be amended or supplemented from time to time, and other public filings made from time to time by Kyivstar with the SEC. Any forward-looking statements contained in this document speak only as of the date hereof and Kyivstar disclaims any obligation to update or revise any of these forward-looking statements, except as required by law.

See “Disclaimer and Notice to Readers” in our full 3Q25 Earnings Release for a more fulsome description of the above.

Contact information

Kyivstar Group Ltd
Investor Relations
[email protected]

-

e.l.f.’s presence is growing following successful market launch in 2024

OAKLAND, Calif.--(BUSINESS WIRE)--e.l.f. Beauty (NYSE: ELF), the bold disruptor with a kind heart, continues to expand its e.l.f.iverse with its official launch at ULTA Beauty in Mexico, marking the next step of its partnership with the retailer. Beginning today, November 10, 2025, beauty enthusiasts in Mexico can explore the best of e.l.f. Cosmetics and e.l.f. SKIN at all ULTA Beauty stores across the country and on the retailer’s e-commerce platform.

Among the most anticipated products from the e.l.f. Cosmetics and e.l.f. SKIN portfolios that will delight the community are:

Power Grip Primer: A holy grail gel-based, hydrating face primer that smooths skin while gripping your makeup for long-lasting wear

Halo Glow Liquid Filter: A viral, multi-purpose, liquid glow booster that gives your complexion a soft-focus social filter effect

Glow Reviver Lip Oil Glimmer: An ultra-shiny lip oil that intensely nourishes, hydrates, and enhances lips with a touch of shimmer and radiance

Sheer For It Blush Tint: A value-driven, buildable, multi-purpose blush tint with a hydrating, watery texture for a long-lasting, translucent stain

Holy Hydration! Thirst Burst Drops: Multi-use, hydrating gel serum drops that reveal a juicy, radiant complexion both instantly and over time

Holy Hydration! Makeup Melting Cleansing Balm: A best-selling, solid cleansing balm that melts into a luxurious oil to easily melt away makeup

"Launching e.l.f. at ULTA Beauty in Mexico is a milestone moment for both companies," said Jennie Laar, Senior Vice President and Chief Commercial Officer, e.l.f. Beauty. "e.l.f. and ULTA are kindred spirits in our shared mission to make beauty accessible to all through the lenses of affordability and availability. We’re thrilled to join forces in a market with incredible opportunity, bringing premium-quality products to our community at exceptional value."

With this launch, e.l.f. will be available in all ULTA Beauty locations across Mexico as the retailer grows its own footprint throughout the country.

About e.l.f. Beauty

e.l.f. Beauty (NYSE: ELF) is fueled by a belief that anything is e.l.f.ing possible. We are a different kind of company that disrupts norms, shapes culture and connects communities through positivity, inclusivity and accessibility. The mission is clear: to make the best of beauty accessible to every eye, lip and face. e.l.f. Beauty and its brands, e.l.f. Cosmetics, e.l.f. SKIN, Keys Soulcare, Well People, Naturium and rhode, are led by purpose, driven by results and elevated by superpowers, offering e.l.f. clean and vegan products. e.l.f. Beauty proudly stands as the first beauty company with Fair Trade Certified™ facilities. With a kind heart at the center of e.l.f.’s ethos, the company donates at least 2% of the prior year’s profits to organizations that make positive impacts. Learn more at www.elfbeauty.com

More News From e.l.f. Beauty

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in META over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Ark Invest is refining its bitcoin outlook as surging stablecoin adoption transforms global digital finance, with Cathie Wood signaling robust confidence in bitcoin's long-term value despite trimming projections amid accelerating institutional engagement and emerging market integration.

Canary Capital CEO Steven McClurg said this week that the firm is expecting to launch its XRP ETF next week.