Category: Media and Entertainment

Alliance Entertainment Holding (AENT) – Governance Simplification Enhances Flexibility

Posted on by [email protected]


Thursday, July 30, 2026

Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media & Technology , Noble Capital Markets, Inc.

Jacob Mutchler, Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Governance Structure Simplified. Alliance Entertainment has amended its Certificate of Incorporation to eliminate the voting rights of its Class E common stock, leaving Class A common stockholders with exclusive voting control while preserving the Class E shares’ economic conversion rights. We view the amendment as a meaningful simplification of the company’s capital structure that should improve governance transparency. 

Economic Interests Remain Unchanged. Importantly, the amendment does not affect the economic value of the Class E shares. The shares remain convertible into Class A stock upon specified triggering events and continue to participate economically on an as-converted basis, indicating that the amendment is purely a governance enhancement rather than a dilution event. 


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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Release – Newsmax and Meta Enter AI Content Partnership

Posted on by [email protected]
Newsmax logo image

Research News and Market Data on NMAX

July 28, 2026

BOCA RATON, FL / ACCESS Newswire / July 28, 2026 / Newsmax Inc. (NYSE:NMAX) (“Newsmax” or the “Company”) announced today that the Company has entered into an AI content partnership with Meta Platforms (“Meta”).

Under the agreement, Meta will have access to Newsmax’s digital news content. Meta will be able to draw upon Newsmax’s significant current reporting as well as archived content across its platforms to support AI queries across Meta’s apps and devices.

“Newsmax applauds the significant resources Meta is putting into AI to keep America at the forefront of this emerging technology,” commented Chris Ruddy, CEO of Newsmax. “We are pleased to work with Meta to help ensure users have access to timely, high-quality journalism through AI technologies.”

Newsmax views this agreement as an important step in its broader strategy to work with leading technology companies, expand the reach of its journalism and make the Company’s distinctive perspective available through emerging AI technologies.

About Newsmax

Newsmax Inc. is listed on the NYSE (NMAX) and operates, through Newsmax Broadcasting LLC, one of the nation’s leading news outlets, the Newsmax channel. The fourth highest-rated network is carried on all major pay TV providers. Newsmax’s media properties reach more than 50 million Americans regularly through Newsmax TV, the Newsmax App, its popular website Newsmax.com, and publications such as Newsmax Magazine. Through its social media accounts, Newsmax reaches over 26 million combined followers. Reuters Institute has said Newsmax is one of the top U.S. news brands and Forbes has called Newsmax “a news powerhouse.”

For more information, please visit Investor Relations | Newsmax Inc.

Forward-Looking Statements

This press release contains forward-looking statements, including statements regarding expected international revenue growth, anticipated partner launches, advertising and licensing opportunities, distribution expansion, geographic growth, future business performance, timing of localized channel launches, partner performance, and anticipated benefits of international distribution and licensing arrangements. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially, including delays or changes in partner launches, failure of partners to launch or operate localized channels as expected, termination or modification of agreements, lower-than-expected advertising demand, changes in distribution arrangements, foreign currency fluctuations, regulatory, political and geopolitical risks, local market conditions, competitive conditions, revenue recognition timing, collection risk, and the other risks described in the Company’s filings with the SEC. The Company undertakes no obligation to update forward-looking statements except as required by law.

Investor Contacts

Newsmax Investor Relations
[email protected]

SOURCE: Newsmax Inc.

View the original press release on ACCESS Newswire

Release – Travelzoo Reports Second Quarter 2026 Results

Posted on by [email protected]
Travelzoo logo

Research News and Market Data on TZOO

Travelzoo 

Jul 28, 2026, 08:34 ET

NEW YORK, July 28, 2026 /PRNewswire/ — Travelzoo® (NASDAQ: TZOO):

  • Revenue of $23.2 million, down 3% year-over-year
  • Consolidated operating loss of $2.8 million
  • Non-GAAP consolidated operating loss of $2.1 million
  • Cash flow from operations of $(1.7) million
  • Earnings per share (EPS) of $(0.21)

Travelzoo, the club for travel enthusiasts, today announced financial results for the second quarter ended June 30, 2026. Consolidated revenue was $23.2 million, down 3% from $23.9 million year-over-year. In constant currencies, revenue was $23.1 million. Travelzoo’s reported revenue consists of advertising revenues and commissions, derived from and generated in connection with purchases made by Travelzoo members, and membership fees.

During Q2, international conflicts created uncertainty among advertisers and travelers. All of Travelzoo’s business segments were negatively impacted. Management considers this a temporary effect. In Q2, we continued to invest significantly in growing Club Members and accelerated the shift towards recurring membership revenues. Marketing costs were expensed immediately. Membership fees revenue is recognized ratably over the subscription period of 12 months. In Q2, the number of renewals of memberships jumped to the highest ever. Going forward, we expect renewals of memberships to further increase because of a growing base of members. We refer to our investor presentation.

Net Loss attributable to Travelzoo was $2.1 million for Q2 2026, or $(0.21) per share, compared with $0.12 per share in the prior-year period.

Non-GAAP operating loss was $2.1 million. Non-GAAP operating loss excludes stock option expenses ($684,000). Please refer to “Non-GAAP Financial Measures” and the tabular reconciliation below.

“We will continue to leverage Travelzoo’s global reach, trusted brand, and strong relationships with top travel suppliers to negotiate more Club Offers for Club Members and add new benefits, such as our popular complimentary airport lounge access worldwide in case of a delayed flight,” said Holger Bartel, Travelzoo’s Global CEO. “Travelzoo members are affluent, active, and open to new experiences. We inspire travel enthusiasts to travel to places they never imagined they could. Travelzoo is the must-have membership for those who love to travel as much as we do.”

Travelzoo North America
North America business segment revenue decreased 3% year-over-year to $15.7 million. Operating loss for Q2 2026 was $1.5 million, or 10% of revenue, compared to operating profit of $2.8 million or 17% of revenue in the prior-year period.

Travelzoo Europe
Europe business segment revenue decreased 2% year-over-year to $6.2 million. Operating loss for Q2 2026 was $1.2 million, or 19% of revenue, compared to operating loss of $0.9, or 14% of revenue in the prior-year period.

Jack’s Flight Club
Jack’s Flight Club is a membership subscription service in which Travelzoo has a 60% ownership interest. Revenue decreased 7% year-over-year to $1.3 million. Jack’s Flight Club’s revenue from subscriptions is recognized ratably over the subscription period (quarterly, semi-annually, annually). Operating loss for Q2 2026 was $34,000, compared to operating profit of $156,000 in the prior-year period.

New Initiatives
New Initiatives business segment revenue, which includes Licensing and Travelzoo META, was $17,000. Operating loss for Q2 2026 was $35,000.

In 2020, Travelzoo entered into royalty-bearing licensing agreements with local licensees for the exclusive use of Travelzoo’s brand, business model, and members in Australia, Japan, New Zealand, and Singapore. Under these arrangements, Travelzoo’s existing members in Australia, Japan, New Zealand, and Singapore will continue to be owned by Travelzoo as the licensor. Licensing revenue from the licensee in Australia was $10,000 for Q2 2026. Licensing revenue from the licensee in Japan was $7,000 for Q2 2026. Licensing revenue is expected to increase going forward.

Reach
Travelzoo reaches 30 million travelers. This includes Jack’s Flight Club. Comparisons to prior periods are no longer meaningful due to strategic developments of the Travelzoo membership.

Income Taxes
The reported income tax benefit for Q2 2026 was $(382,000).

Balance Sheet
As of June 30, 2026, cash, cash equivalents and restricted cash were $7.6 million. Cash flow from operations was $(1.7) million.

Deferred revenue increased because membership fees are earned over the subscription period. Membership fees revenue is recognized ratably over the subscription period.

Share Repurchase Program
During Q2 2026, the Company repurchased 200,000 shares of its outstanding common stock.

Looking Ahead
For Q3 2026, we expect year-over-year revenue growth. We also expect revenue growth in subsequent quarters, as membership fees revenue is recognized ratably over the subscription period of 12 months, as we grow Club Members, and as more Legacy Members become Club Members. Over time, we expect profitability to increase as recurring membership fees revenue will be recognized. In the short-term, fluctuations in reported net income are likely.

In 2024, we introduced a membership fee for Travelzoo. Legacy Members, who joined prior to 2024, continue to receive certain travel offers. However, Club Offers and new benefits are only available to Club Members, who pay the membership fee. Therefore, we are seeing many Legacy Members become Club Members over time—in addition to new members who join.

Non-GAAP Financial Measures
Management calculates non-GAAP operating income when evaluating the financial performance of the business. Calculation of non-GAAP operating income, also called “non-GAAP operating profit” in this press release and today’s earnings conference call, excludes the following items: amortization of intangibles, stock option expenses, and severance-related expenses. This press release includes a table which reconciles GAAP operating income to the calculation of non-GAAP operating income. Non-GAAP operating income is not required by, or presented in accordance with, generally accepted accounting principles in the United States of America (“GAAP”). This information should be considered as supplemental in nature and should not be considered in isolation or as a substitute for the financial information prepared in accordance with GAAP. In addition, these non-GAAP financial measures may not be the same as similarly titled measures reported by other companies.

Conference Call
Travelzoo will host a conference call to discuss second quarter 2026 results today at 11:00 a.m. ET. Please visit http://ir.travelzoo.com/events-presentations to

  • download the management presentation (PDF format) to be discussed in the conference call
  • access the webcast.

About Travelzoo
We, Travelzoo®, are the club for travel enthusiasts. We reach 30 million travelers. Club Members receive Club Offers negotiated and rigorously vetted by our deal experts around the globe. Our relationships with thousands of top travel companies give us access to irresistible deals. Our club and its benefits are built around the lifestyle of a modern travel enthusiast.

Certain statements contained in this press release that are not historical facts may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward-looking statements may include, but are not limited to, statements about our plans, objectives, expectations, prospects and intentions, markets in which we participate and other statements contained in this press release that are not historical facts. When used in this press release, the words “expect”, “predict”, “project”, “anticipate”, “believe”, “estimate”, “intend”, “plan”, “seek” and similar expressions are generally intended to identify forward-looking statements. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements, including changes in our plans, objectives, expectations, prospects and intentions and other factors discussed in our filings with the SEC. We cannot guarantee any future levels of activity, performance or achievements. Travelzoo undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.

View full release here.

Investor Relations:
[email protected]

SOURCE Travelzoo

Beasley Broadcast Group (BBGI) – Building a More Resilient Local Media Platform

Posted on by [email protected]


Tuesday, July 28, 2026

Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media & Technology , Noble Capital Markets, Inc.

Jacob Mutchler, Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Executing a multi-year turnaround strategy. Management is focused on three strategic priorities: stabilizing local direct advertising, expanding higher-margin owned-and-operated digital products, and strengthening the balance sheet through disciplined deleveraging. We believe successful execution could materially improve the company’s earnings profile over the next several years.

Digital mix continues to improve. Digital revenue represented more than 25% of total company revenue during the first quarter of 2026, while owned-and-operated digital products increased to approximately 65% of digital revenue. We believe the improving revenue mix should support higher margins, stronger customer retention, and improved free cash flow generation over time.


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Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Release – Lucky Strike Entertainment Unveils Brand Refresh for AMF, Honoring an American Classic Families Have Always Loved

Posted on by [email protected]
Lucky Strike Entertainment Investor Relations site

Research News and Market Data on LUCK

07/21/2026

A Classic Since Always™ – From Revolutionary Pinsetters to Everyday Family Traditions

RICHMOND, Va.–(BUSINESS WIRE)– Lucky Strike Entertainment (NYSE: LUCK) today announced the launch of a refreshed identity for AMF (American Machine & Foundry), one of the most iconic names in American bowling. Rooted in AMF’s 126-year heritage, the rebrand positions the brand for the future and reflects its evolution into a modern bowling destination where families and communities come together for birthday parties, league nights, and social outings.

AMF's refreshed shield logo marks a new chapter for an American classic.

AMF’s refreshed shield logo marks a new chapter for an American classic.

Founded in 1900 as American Machine & Foundry, AMF helped shape modern bowling through innovations, including the automatic pinsetter and the world’s first automatic scoring system. Over the decades, the brand played a significant role in expanding bowling’s popularity across the United States and around the world, helping establish it as one of America’s most participated-in sports. Today, AMF remains a cornerstone of that legacy, welcoming approximately 10.4 million guests annually across more than 80 locations nationwide. With approximately 60 locations planned to transition to the AMF brand, Lucky Strike Entertainment is investing in the brand’s future while building on the foundation that made it an icon of the sport.

The AMF rebrand reflects Lucky Strike Entertainment’s vision to reintroduce AMF as a welcoming “house” with a refreshed identity that still honors the beloved sport. Rooted in AMF’s heritage, AMF destinations will begin to transform with bold new visuals led by Department of Branding and Design (DoBad) that lean into the brand’s ownable red, complemented by supporting tones of varsity blue, heritage white, and gold. The iconic shield logo will be updated with new lettering and bright red hues that will be reflected across digital and physical touchpoints. Consumers will be introduced to the new AMF brand platform, A Classic Since Always™, which celebrates modern bowling experiences while preserving the familiar, dependable atmosphere guests expect. Altogether, these elements position AMF as a timeless neighborhood destination designed to be the top bowling hub in neighborhoods across the country.

“This is more than a brand refresh. It’s an investment in the future of AMF,” said Thomas Shannon, Founder and CEO of Lucky Strike Entertainment. “We are building on the strength of an iconic brand and positioning it for long-term growth. As we expand the AMF brand across the country, our focus remains the same: delivering great bowling experiences, supporting league play, and providing an affordable destination for families and communities.”

Guests will begin to see the new AMF brand across digital platforms, social media, and select in-center materials, with additional updates rolling out over time. Future enhancements will include heritage walls showcasing memorabilia from AMF’s bowling legacy, along with nostalgic, varsity-inspired design elements such as swallowtail pennants and signage. While the look evolves, Lucky Strike Entertainment remains committed to AMF’s high-quality lanes, welcoming atmosphere, and experiences that bring people together, including leagues, open play, youth programs, family celebrations, and premier PBA Tour events such as the Tournament of Champions and AMF PBA World Championships. AMF also continues to offer affordable, value-driven birthday party options, with packages like Family Unlimited and the All Star Package designed to make celebrations easy, convenient, and accessible for families.

As AMF enters its next chapter, Lucky Strike Entertainment remains focused on elevating the traditional neighborhood bowling center, rooted in heritage, shaped by the local community, and designed to create moments of connection for generations to come.

For more information on AMF and AMF locations near you, please visit AMF.com and follow AMF on Instagram, and Facebook.

About Lucky Strike Entertainment

Lucky Strike Entertainment is one of the world’s premier location-based entertainment platforms. With over 360 locations across North America, Lucky Strike Entertainment provides experiential offerings in bowling, amusements, water parks, and family entertainment centers. The company also owns the Professional Bowlers Association, the major league of bowling and a growing media property that boasts millions of fans around the globe. For more information on Lucky Strike Entertainment, please visit LuckyStrikeEnt.com.

Media:
[email protected]

Source: Lucky Strike Entertainment Corporation

Netflix Lost $100 Billion in Value on a $140 Million Revenue Miss. The Pattern Playing Out Across Markets Is Bigger Than One Stock

Posted on by [email protected]

Netflix dropped 11% at the open Friday, erasing roughly $100 billion in market value in a single session. The trigger was not a collapse in the business. It was a third-quarter revenue guidance figure of $12.86 billion that came in approximately $140 million below what Wall Street had been expecting. To put that in proportion, the guidance miss that wiped out $100 billion in shareholder value represented barely 1% of the number analysts had modeled.

The second-quarter results themselves were solid by any conventional standard. Revenue grew 13.4% year over year to $12.56 billion. Earnings per share of $0.80 beat the $0.79 consensus estimate. Net income reached $3.4 billion. Subscribers streamed more than 97 billion hours of content in the first half of 2026, up nearly 2% from the prior year. The advertising business is on track to generate approximately $3 billion in full-year revenue, nearly double last year’s figure.

None of it mattered. The stock opened at its lowest level in over a year, down 46% from its 52-week high, trading at roughly 18 times forward earnings with a PEG ratio below 1.0. By most traditional valuation frameworks, Netflix now looks undervalued relative to its growth rate. The market does not care. It is punishing the guidance, not the business.

The Pattern That Should Concern Every Large Cap Investor

This is now the second time in 48 hours that a dominant technology company has posted strong results and been met with aggressive selling. Earlier this week, TSMC reported 77% annual earnings growth and fell 4%. Broadcom beat estimates last month and dropped 15%. SK Hynix debuted on Nasdaq with a 13% pop and gave it all back the next day.

The common thread connecting all of these moves is not deteriorating fundamentals. It is elevated expectations meeting reality. When stocks are priced for perfection across an entire sector, even slight misses on forward guidance trigger outsized reactions because the margin for error has been completely compressed out of the valuation. Netflix guided Q3 revenue 1% below consensus and lost 11%. That math only works when the stock was priced as though every quarter would exceed expectations indefinitely.

Where the Capital Is Going

The more important story for investors is not what Netflix lost on Friday. It is where the money leaving these positions is landing. Yesterday, eight of eleven S&P 500 sectors finished positive while technology, communications, and consumer discretionary fell. Consumer Staples gained 2.9%. Healthcare rallied. REITs outperformed. The Russell 2000 was green while the Nasdaq dropped more than 1%.

That pattern has now repeated for three consecutive sessions. Capital is not leaving the equity market. It is leaving the most crowded, most expensive positions in the market and rotating into sectors and market cap segments where valuations have not been stretched to the point where a 1% guidance miss destroys $100 billion in value.

For companies in the sub-$2 billion market cap space, this dynamic is the investment case in real time. Smaller companies with reasonable multiples, growing earnings, and domestic revenue exposure do not carry the same expectation burden that is currently crushing the largest names in technology and media. When a Netflix or TSMC sells off on strong results because the price already assumed perfection, the relative attractiveness of companies that never priced in perfection to begin with becomes considerably harder to ignore.

The market is not punishing bad businesses. It is punishing expensive ones. That distinction is everything right now.

Release – Codere Online to Release Financial Results for the Second Quarter 2026 on July 30th

Posted on by [email protected]
Codere Online logo

Research News and Market Data on CDRO

07/14/2026

Madrid, Spain and Tel Aviv, Israel, July 14, 2026 (GLOBE NEWSWIRE) – Codere Online Luxembourg, S.A. (Nasdaq: CDRO / CDROW) (the “Company” or “Codere Online”) a leading online gaming operator in Spain and Latin America, today announced that it will release its second quarter 2026 results prior to 8:30AM US Eastern Time on July 30, 2026.

At 8:30AM US Eastern Time on the same day, Codere Online’s management will host a conference call to discuss the results and provide a business update.

The Company’s earnings press release and related materials will be available on Codere Online’s website at www.codereonline.com. Dial-in details for the conference call as well as the audio webcast registration link are accessible in the Events & Presentations section of the same website. A recording of the webcast will be available following the conference call.

About Codere Online

Codere Online refers, collectively, to Codere Online Luxembourg, S.A. and its subsidiaries. Codere Online launched in 2014 as part of the renowned casino operator Codere Group. Codere Online offers online sports betting and online casino through its state-of-the art website and mobile applications. Codere currently operates in its core markets of Spain, Mexico, Colombia, Panama and Argentina. Codere Online’s online business is complemented by Codere Group’s physical presence throughout Latin America, forming the foundation of the leading omnichannel gaming and casino presence.  

About Codere Group
Codere Group is a multinational group devoted to entertainment and leisure. It is a leading player in the private gaming industry, with four decades of experience and with presence in seven countries in Europe (Spain and Italy) and Latin America (Argentina, Colombia, Mexico, Panama, and Uruguay).

Contacts:

Investors and Media
Guillermo Lancha
Director, Investor Relations and Communications
[email protected]
(+34)-628-928-152

Primary Logo

Source: Codere Online Luxembourg, S.A.

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Release – Snail Games Launches ARK: Genesis Part 1 Ascended, ARK Tides of Fortune, and ARK: Dragontopia DLC; $11 Million from Deferred Revenue Backlog to be Recognized in Q3 2026

Posted on by [email protected]
Snail, Inc logo

Research News and Market Data on SNAL

July 7, 2026 at 8:30 AM EDT

PDF Version

CULVER CITY, Calif., July 07, 2026 (GLOBE NEWSWIRE) — Snail, Inc. (Nasdaq: SNAL) (“Snail Games” or the “Company”), a leading global independent developer and publisher of interactive digital entertainment, announced the official launch of ARK: Genesis Part 1 Ascended, ARK Tides of Fortune, and ARK: Dragontopia for ARK: Survival Ascended. In connection with the release of ARK: Genesis Part 1 Ascended, the Company expects to recognize approximately $11 million from its deferred revenue backlog in Q3 2026.

The launch of ARK: Genesis Part 1 Ascended marks the return of one of the franchise’s most ambitious DLCs and its iconic ocean biome to the Unreal Engine 5-powered survival experience. Available at no additional cost to ARK: Survival Ascended owners, Genesis Part 1 Ascended expands the game’s content offering with new environments, creatures, and survival challenges.

Launching alongside Genesis Part 1 Ascended is Tides of Fortune, a new premium expansion that transforms the simulated ocean of Genesis into a massive, map-wide nautical frontier. Within this new expansion, players can build fleets, engage in naval warfare, and explore the deepest reaches of ARK‘s oceanic ecosystem.

Additionally, Studio Wildcard shadow-dropped ARK: Dragontopia, an all-new premium expansion pass that introduces survivors to a vast aerial ecosystem where dragons rule the skies. Owners will receive included content updates on July 9 and in October, culminating in December with the release of a boundless skyworld map.

The launch of this trio of content (Genesis Ascended Part 1, Tides of Fortune, and Dragontopia) underscores Snail Games’ strategy of leveraging its established content portfolio to drive player engagement and expand the ARK ecosystem. As the Company continues to invest in franchise development, ARK remains a key pillar of Snail Games’ growth and portfolio.

For creators interested in collaborations, please contact [email protected].

About Snail, Inc.
Snail, Inc. (Nasdaq: SNAL) is a leading global independent developer and publisher of interactive digital entertainment for consumers around the world, with a premier portfolio of premium games designed for use on a variety of platforms, including consoles, PCs, and mobile devices. For more information, please visit: https://snail.com/.

Forward-Looking Statements:
This press release contains statements that constitute forward-looking statements. Many of the forward-looking statements contained in this press release can be identified by the use of forward-looking words such as “anticipate,” “believe,” “could,” “expect,” “should,” “plan,” “intend,” “may,” “predict,” “continue,” “estimate” and “potential,” or the negative of these terms or other similar expressions. These forward-looking statements include information about possible or assumed future results of Snail Games’ business, financial condition, results of operations, liquidity, plans and objectives. Forward-looking statements appear in a number of places in this press release and include, but are not limited to, statements regarding recognizing approximately $11 million from the Company’s deferred revenue backlog in Q3 2026 in connection with the release of ARK: Genesis Part 1 Ascended; the sustainable value of prior ARK content and the franchise’s strong long-term player ecosystem; Snail Games’ strategy of leveraging its established content portfolio to drive player engagement and expand the ARK ecosystem; ARK remaining a key pillar of Snail Games’ growth and portfolio as the Company continues to invest in franchise development; and assumptions underlying any of the foregoing. Further information on risks, uncertainties and other factors that could affect Snail Games’ financial results and business include Snail Games’ ability to strengthen its gaming portfolio’s visibility; Snail Games’ ability to expand and grow its franchise and increase its revenue; Snail Games’ ability to retain its key employees or maintain its Nasdaq listing; and the risks that are included in its filings with the Securities and Exchange Commission (the “SEC”) from time to time, including its annual reports on Form 10-K and quarterly reports on Form 10-Q filed, or to be filed, with the SEC. You should not rely on these forward-looking statements, as actual outcomes and results may differ materially from those expressed or implied in the forward-looking statements as a result of such risks and uncertainties. All forward-looking statements in this press release are based on management’s beliefs and assumptions and on information currently available to Snail Games, and Snail Games does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

Investor Contact:
John Yi and Steven Shinmachi
Gateway Group, Inc.
949-574-3860
[email protected]

Microsoft Just Torched 3,200 Xbox Jobs and Admitted the Console Model Is Broken

Posted on by [email protected]

Microsoft (NASDAQ: MSFT) announced this morning that it is cutting 4,800 roles across the company, roughly 2.1% of its workforce. The bulk of the pain, 3,200 positions, lands in the Xbox division. The stock fell more than 1% on the news. Microsoft is now down about 20% year to date, while Alphabet is up 14% and Amazon is up 5%.

But the layoff count is not the story. The story is what Xbox CEO Asha Sharma actually wrote in her memo to employees.

The Quote That Should Get Every Console Investor’s Attention

“Our business today is not healthy,” Sharma told her team. “We are operating at margins that are 3-10x lower than comparable platform and publishing businesses. We must reset XBOX.” She followed it with an even sharper number. “In a typical year, we lost 64 cents for every dollar we invested.”

That is a public admission from a Big Tech executive that an entire business unit has been burning cash at a structural rate. It is unusually blunt, and it is worth paying attention to.

What Is Actually Happening

The first round of cuts includes 1,600 employees today. Microsoft is moving four studios, Ninja Theory, Undead Labs, Compulsion Games, and Double Fine Productions, to outside management. It is working to sell or spin off a fifth, Arkane Studios in France. Sharma also flagged that some workflows pass through 14 layers of management, which she plans to compress to no more than five and ideally three.

Sharma took over Xbox in February and has already cut the price of Game Pass and reworked branding. This move is her most aggressive yet.

The context matters. Microsoft entered this console generation with a smaller install base and higher costs than Sony and Nintendo. The company then poured money into putting first-party games on rival platforms and expanding Game Pass, and the payoff never materialized. Meanwhile, the entire industry is facing a memory and storage crisis that has forced Microsoft, Sony, and Nintendo to raise console prices. Nintendo shares are down 52% over the past twelve months. Sony is off 17%.

The AI Overhang

Microsoft chief people officer Amy Coleman said none of the eliminated roles will be replaced by AI, but acknowledged the technology is changing how work gets done. That is corporate-speak for a much larger issue investors have been chewing on all year. Microsoft is spending heavily on AI infrastructure while the market is questioning whether AI labs will eventually displace demand for Microsoft 365 and its productivity stack. When your legacy cash cow is under pressure and your legacy loss-maker is being amputated on the same day, the market notices.

Why Small and Micro-Cap Investors Should Care

This is not just a Microsoft story. Console economics have propped up a range of small and micro-cap suppliers, developers, and specialty publishers for decades. A serious restructuring at Xbox has downstream implications for independent studios, middleware providers, gaming peripheral makers, and cloud gaming infrastructure names. The four studios moving to outside management, plus Arkane looking for a home, could create acquisition opportunities or standalone independence stories worth tracking.

There is also a broader read-through for anyone holding legacy technology names. When a business as embedded as Xbox can be publicly declared unhealthy by its own leadership, it forces investors to ask which other legacy businesses are quietly burning capital while management waits for the right moment to act.

The Bottom Line

Microsoft is not in trouble. It is a $3 trillion company that just made a hard call on a division that has been dragging on margins for years. But when a Big Tech leader tells you the console model is losing 64 cents on every dollar, believe her. The consumer technology stack is being repriced in real time, and the small caps that live downstream from it are next in line for the same conversation.

Snail (SNAL) – Clearing The Path Forward

Posted on by [email protected]


Thursday, July 02, 2026

Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media & Technology , Noble Capital Markets, Inc.

George Proost, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Reverse Split. On July 1, 2026, the company announced a one-for-five reverse stock split of both its Class A and Class B common stock, effective at 11:59 pm Eastern Time on July 2, 2026, with the shares trading on a split-adjusted basis at market open on July 6, 2026. Notably, we view the reverse split as a favorable development in the company’s efforts to satisfy NASDAQ’s minimum $1 listing price requirement. Although a reverse split does not alter the company’s underlying fundamentals, it removes a technical overhang that has weighed on investor sentiment and could improve trading liquidity and marketability.

Reverse Split Details. Fractional shares will be redeemed for cash based on the average closing price during the ten trading days preceding the effective date. Outstanding stock options, warrants, and convertible securities will be adjusted proportionately, while the company’s authorized share count will remain unchanged. The shares will continue trading under the SNAL ticker with a new CUSIP (83301J308).


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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Release – Snail Announces Reverse Stock Split to Support Effort to Regain Compliance with Nasdaq’s Minimum Bid Price

Posted on by [email protected]

July 1, 2026 at 8:30 AM EDT

CULVER CITY, Calif., July 01, 2026 (GLOBE NEWSWIRE) — Snail, Inc. (Nasdaq: SNAL) (“Snail” or the “Company”), a leading global independent developer and publisher of interactive digital entertainment, today announced that it will effect a 1-for-5 reverse stock split (the “Reverse Stock Split”) of its Class A Common Stock, par value $0.0001 per share (the “Class A Common Stock”) and Class B Common Stock, par value $0.0001 per share (the “Class B Common Stock” and together with the Class A Common Stock, the “Common Stock”). The Reverse Stock Split will become effective at 11:59 p.m. Eastern Time on July 2, 2026 (the “Effective Time”). The Company’s Class A Common Stock will continue to trade on the Nasdaq Capital Market (“Nasdaq”) under the symbol “SNAL” and will begin trading on a split-adjusted basis when the Nasdaq opens on July 6, 2026. The new CUSIP number for the Class A Common Stock following the Reverse Stock Split will be 83301J308.

On June 2, 2026, a written consent was delivered to the Company’s Board of Directors from the holders of 95% of the voting power of the Company’s issued and outstanding Common Stock (the “Majority Stockholders”), pursuant to which the Majority Stockholders approved an amendment (the “Amendment”) to the Company’s Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”) to effect a reverse stock split with respect to the Common Stock at a ratio of 1-for-2 to 1-for-10, with the ratio within such range to be determined at the discretion of the Board of Directors. The Company’s Board of Directors subsequently approved the final ratio for the Reverse Stock Split of 1-for-5.

The Reverse Stock Split will proportionally reduce the number of outstanding shares of Common Stock from approximately 15,468,890 shares of Class A Common Stock and 28,748,580 shares of Class B Common Stock to approximately 3,093,778 shares of Class A Common Stock and 5,749,716 shares of Class B Common Stock. The ownership percentage of each stockholder will remain unchanged other than as a result of fractional shares. Proportional adjustments will be made to the number of shares of Common Stock issuable upon exercise of outstanding warrants or options, or the conversion of outstanding convertible notes, as well as to the applicable exercise or conversion price. There will be no change to the total number of authorized shares of Common Stock as set forth in the Certificate of Incorporation. Stockholders whose shares are held in brokerage accounts should direct any questions concerning the Reverse Stock Split to their broker. All stockholders of record may direct questions to the Company’s transfer agent, Equiniti Trust Company, LLC at 800-468-9716.

The Reverse Stock Split is intended to support the Company’s effort to regain compliance with the minimum bid price requirement for maintaining the listing of its Class A Common Stock on the Nasdaq Capital Market, and to make the bid price more attractive to a broader group of institutional and retail investors. The Nasdaq Capital Market requires, among other things, that a listed company’s common stock maintain a minimum bid price of at least $1.00 per share.

Any person who would otherwise be entitled to a fractional share of Common Stock as a result of the reclassification and combination following the Effective Time (after taking into account all fractional shares of Common Stock otherwise issuable to such holder) shall be entitled to receive a cash payment equal to the number of shares of the Common Stock held by such stockholder before the reverse split that would otherwise have been exchanged for such fractional share interest multiplied by the average closing sales price of the Common Stock as reported on the Nasdaq for the ten days preceding the Effective Time.

About Snail, Inc.

Snail, Inc. (Nasdaq: SNAL) is a leading global independent developer and publisher of interactive digital entertainment for consumers around the world, with a premier portfolio of premium games designed for use on a variety of platforms, including consoles, PCs, and mobile devices. For more information, please visit: https://snail.com/

Forward-Looking Statements

This press release contains statements that constitute forward-looking statements. Many of the forward-looking statements contained in this press release can be identified by the use of forward-looking words such as “anticipate,” “believe,” “could,” “expect,” “should,” “plan,” “intend,” “may,” “predict,” “continue,” “estimate” and “potential,” or the negative of these terms or other similar expressions. Forward-looking statements appear in a number of places in this press release and include, but are not limited to, statements regarding the Reverse Stock Split allowing the Company to regain compliance with Nasdaq’s minimum bid price requirement, enabling the Company to attract a broader universe of investors; and assumptions underlying any of the foregoing.

Further information on risks, uncertainties and other factors that could affect Snail’s financial results and business include Snail’s ability to strengthen its gaming portfolio’s visibility; Snail’s ability to expand and grow its franchise and increase its revenue; Snail’s ability to retain its key employees or maintain its Nasdaq listing; and the risks that are included in its filings with the Securities and Exchange Commission (the “SEC”) from time to time, including its annual reports on Form 10-K and quarterly reports on Form 10-Q filed, or to be filed, with the SEC. You should not rely on these forward-looking statements, as actual outcomes and results may differ materially from those expressed or implied in the forward-looking statements as a result of such risks and uncertainties. All forward-looking statements in this press release are based on management’s beliefs and assumptions and on information currently available to Snail, and Snail does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

Investor Contact

John Yi and Steven Shinmachi
Gateway Group, Inc.
949-574-3860
[email protected]

Release – Alliance Authentic Expands Its Preservation Platform Across Collecting, From Vinyl to Funko to Handmade by Robots

Posted on by [email protected]
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Research News and Market Data in AENT

Forbes called Alliance Authentic “a one-of-a-kind platform” for “a new generation of record buyers”

Newly preserved vinyl from Olivia Rodrigo, Harry Styles, Zara Larsson, Charli xcx, Karol G, Hayley Williams, and Angine de Poitrine

Launching newly preserved figures from Funko and Handmade by Robots

PLANTATION, Fla., June 29, 2026 (GLOBE NEWSWIRE) — Alliance Authentic, part of Alliance Entertainment (Nasdaq: AENT), the largest distributor of physical media in the U.S., today expanded its preservation platform beyond vinyl for the first time, launching preserved Funko and Handmade by Robots collectibles. Alliance Authentic is the only platform that preserves the records and collectibles fans care about most and carries each one’s verified identity to every owner who comes next. The company is creating a new category: permanently preserved collectibles. The expansion arrives on a rebuilt Alliance Authentic platform, redesigned around how collectors discover, preserve, and pass on what they own.

Every preserved Alliance Authentic release meets five standards: curated, numbered, limited, certified uncirculated, and NFC-secured. Each collectible is encapsulated in its original, uncirculated condition, individually numbered, and given an NFC-secured identity that travels to whoever owns it next. For vinyl, each preserved run is fixed and final, never added to. When a preserved collectible changes hands, its verified identity, condition, and full history travel with it. Every owner inherits the proof, not just the object. See how preservation works: https://www.allianceauthentic.com/how-preservation-works

“Every collector has a record that means everything to them,” said Jeffrey Smith, SVP of Sales and Marketing at Alliance Authentic. “And it’s not a generational thing, across ages, across collectors, that feeling is the same. We built a preservation system for exactly that, to keep a record in the moment it’s verified, certified, uncirculated, and treat it as the work of art it already is. There’s nothing cooler than an encapsulated Japanese import of Star Wars: A New Hope with the obi strip. And a Handmade by Robots figure or a Funko is just as cool to a different kind of collector. Opening this preservation system up to all of it, that’s what I’m excited about. A fan is a fan of what they love, and we’re here to protect it.”

Visit the new Alliance Authentic and browse the preserved vinyl catalog, home of The Ultimate Vinyl Collectible™: https://allianceauthentic.com

Explore the preserved Handmade by Robots figures, The Ultimate Fan Collectible: https://allianceauthentic.com/shop/search?_pg=hmbr

Explore the preserved Funko collectibles, The Ultimate Fan Collectible: https://allianceauthentic.com/shop/search?_pg=funko

About Alliance Authentic

Alliance Authentic is the only platform that preserves the records and collectibles fans care about most and carries each one’s verified identity to every owner who comes next. Part of Alliance Entertainment (Nasdaq: AENT), the largest distributor of physical media in the U.S. Learn more at allianceauthentic.com.

About Alliance Entertainment

Alliance Entertainment (NASDAQ: AENT) is a premier distributor and fulfillment partner for the entertainment and pop culture collectibles industry. With more than 340,000 unique in-stock SKUs – including over 57,300 exclusive titles across compact discs, vinyl LPs, DVDs, Blu-rays, and video games – Alliance offers the largest selection of physical media in the market. Our vast catalog also includes licensed merchandise, toys, retro gaming products, and collectibles, serving over 35,000 retail locations and powering e-commerce fulfillment for leading retailers. Alliance also owns and operates proprietary collectibles brands, including Handmade by Robots™, a stylized vinyl figure line featuring licensed characters from leading entertainment franchises, and Alliance Authentic™, a premium platform for authentic, certified, and individually numbered entertainment collectibles. In addition, Alliance operates Endstate Authentic, a dedicated NFC-enabled authentication and digital product identity platform supporting authenticated collectibles, resale, and brand protection. Leveraging decades of operational expertise, exclusive sourcing relationships, and a capital-light, scalable infrastructure, Alliance connects fans and collectors to the products, franchises, and experiences they value across formats and generations.

Forward Looking Statements

Certain statements included in this Press Release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity. These statements are based on various assumptions, whether identified in this Press Release, and on the current expectations of Alliance’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by an investor as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Alliance. These forward-looking statements are subject to a number of risks and uncertainties, including risks relating to the anticipated growth rates and market opportunities; changes in applicable laws or regulations; the ability of Alliance to execute its business model, including market acceptance of its systems and related services; Alliance’s reliance on a concentration of suppliers for its products and services; increases in Alliance’s costs, disruption of supply, or shortage of products and materials; Alliance’s dependence on a concentration of customers, and failure to add new customers or expand sales to Alliance’s existing customers; increased Alliance inventory and risk of obsolescence; Alliance’s significant amount of indebtedness; our ability to refinance our existing indebtedness; our ability to continue as a going concern absent access to sources of liquidity; risks that a breach of the revolving credit facility could result in the lender declaring a default and that the full outstanding amount under the revolving credit facility could be immediately due in full, which would have severe adverse consequences for the Company; known or future litigation and regulatory enforcement risks, including the diversion of time and attention and the additional costs and demands on Alliance’s resources; Alliance’s business being adversely affected by increased inflation, uncertainty regarding tariffs, higher interest rates and other adverse economic, business, and/or competitive factors; geopolitical risk and changes in applicable laws or regulations; as well as our financial condition and results of operations; substantial regulations, which are evolving, and unfavorable changes or failure by Alliance to comply with these regulations; product liability claims, which could harm Alliance’s financial condition and liquidity if Alliance is not able to successfully defend or insure against such claims; availability of additional capital to support business growth; and the inability of Alliance to develop and maintain effective internal controls.

For press inquiries, please contact:

Max Lefkowitz – [email protected]
Anna DeNelsky – [email protected]
Matt Hanks – [email protected]

For investor inquiries, please contact:

Dave Gentry
RedChip Companies, Inc.
1-800-REDCHIP (733-2447)
1-407-644-4256
[email protected]

Newsmax (NMAX) – Recurring Revenue Mix Improves; EBITDA Outlook Strengthens

Posted on by [email protected]


Friday, June 26, 2026

Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media & Technology , Noble Capital Markets, Inc.

Jacob Mutchler, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Strong operating momentum despite a challenging comparison. First-quarter revenue growth was driven by affiliate fee expansion, licensing growth, and improved distribution economics, while Newsmax maintained strong audience engagement with 30.4 million viewers and posted a 29% sequential increase in total viewership versus Q4 2025.

Meaningfully improving earnings outlook. We are raising our 2026 adjusted EBITDA estimate to a loss of $3.4 million, up from our prior estimate of $16.4 million. While our revenue outlook remains largely unchanged, the improved profitability reflects a more favorable revenue mix, lower operating expense assumptions, and increasing confidence in management’s execution.


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Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.