Market Newsdesk

NEW YORK and TOKYO, April 10, 2025 /PRNewswire/ — TNL Mediagene (NASDAQ: TNMG), a leading media and technology company in Asia, today announced its preliminary unaudited financial results highlights for the year ended December 31, 2024, and provided an outlook for 2025.

2024 Unaudited Preliminary Highlights

1. Pro-Forma Revenue Growth: TNL Mediagene achieved a revenue increase of more than 30% year-over-year. This growth was driven by revenue diversification into more tech and data powered products, like establishing retail media networks, new strategic data partnerships, and innovative content, resulting in increased user engagement, especially in short-form video formats.
2. Pro-Forma EBITDA: On a normalized basis excluding extraordinary items, including one-time DeSPAC and IPO expenses, and currency fluctuations, adjusted EBITDA is expected to be near profitability.

Management Commentary

“Despite the one-time DeSPAC and IPO fees and time and resource consuming process, 2024 was a very successful year for us,” said Joey Chung, CEO of TNL Mediagene. “Our revenue grew considerably, and EBITDA margins improved substantially as well, especially when excluding foreign exchange adjustments, which would show even larger numbers. We achieved significant synergies across our operations in Japan and Taiwan, and aim to continue to greatly diversify our media, revenue and products across different languages, and include more data analytics, content commerce and AI services. We are confident that 2025 will also be a year of growth for us. Importantly, we are one of the few media/tech/data/e-commerce companies that are close to achieving operational profitability, while still in its growth stage. Furthermore, the recently proposed U.S. government tariff rules are not expected to impact TNMG’s operations or this year’s business performance forecasts.”

“Looking ahead to 2025, we are focused on diversifying our media multilingualization and revenue sources, enhancing content commerce and brand performance advertising, and strengthening video and video commerce for monetization. By leveraging technology and data, we aim to capture retail media ad budgets and support our corporate commerce business. Additionally, we will continue to improve operational efficiency and reduce costs using AI technology to automate content creation, martech products, translation, and other tasks.”

“We believe TNL Mediagene is currently undervalued and trading at an attractive level, with a price-to-sales (P/S) ratio of around 0.5x and a price-to-book (P/B) ratio of around 0.4x, while the media, martech and data analytics industries trade well above those ranges.  Across the board, we are working to improve our overall profitability structure, EBITDA margin and seize growing opportunities to build value for our stakeholders. Together we believe our efforts can result in continued revenue growth and EBITDA improvement for 2025.”

About TNL Mediagene

TNL Mediagene (NASDAQ: TNMG), a Tokyo based Asian media and technology company, is the product of the May 2023 merger of Taiwan’s The News Lens Co. and Japan’s Mediagene Inc., two leading, independent digital-media groups. Its business includes original and licensed media brands in Chinese, Japanese and English, across a range of subjects, including news, business, technology, science, food, sports and lifestyle; AI-powered advertising and marketing technology platforms in demand by agencies; and e-commerce and creative solutions. It takes pride in its political neutrality, its reach with younger audiences, and its quality. The company has about 500 employees across Asia, with offices in Japan, Taiwan and Hong Kong. 
https://www.tnlmediagene.com/

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on beliefs and assumptions and on information currently available to TNL Mediagene. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” “target,” “seek” or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Any statements that refer to expectations, projections or other characterizations of future events or circumstances, including strategies or plans, are also forward-looking statements. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Forward-looking statements in this communication or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for TNL Mediagene to predict these events or how they may affect TNL Mediagene. In addition, risks and uncertainties are described in TNL Mediagene’s filings with the Securities and Exchange Commission. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. TNL Mediagene cannot assure you that the forward-looking statements in this communication will prove to be accurate. There may be additional risks that TNL Mediagene presently does not know or that TNL Mediagene currently does not believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by TNL Mediagene, its directors, officers or employees or any other person. Except as required by applicable law, TNL Mediagene does not have any duty to, and does not intend to, update or revise the forward-looking statements in this communication or elsewhere after the date of this communication. You should, therefore, not rely on these forward-looking statements as representing the views of TNL Mediagene as of any date subsequent to the date of this communication.

Use of Non-IFRS Financial Measures 

In this press release we have included adjusted EBITDA, a non-IFRS financial measure, which is a key measure used by our management and board of directors in evaluating our operating performance.

Adjusted EBITDA is our preferred metric for profitability because we believe it facilitates operating performance comparisons on a period-to-period basis and excludes items that we do not consider to be indicative of our core operating performance.

We define adjusted EBITDA as profit (loss) for the period excluding depreciation expenses and amortization expenses as well as extraordinary items associated with one-time events and transactions, such as one-time transaction-related expenses not eligible for capitalization.

 

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SOURCE TNL Mediagene

New poles and equipment to enhance electric service reliability for nearly 1,000 customers

ERIE, Pa.
, April 10, 2025 /PRNewswire/ — FirstEnergy Pennsylvania Electric Company (FE PA), a FirstEnergy Corp. (NYSE: FE) subsidiary doing business as Penelec in northern and central Pennsylvania, has completed work to enhance its energy delivery system in Venango and Crawford counties to help prevent or minimize the length of service disruptions, particularly during severe weather.

The project included replacing more than 40 wood poles, crossarms, fuses, switches and other equipment on a power line key to the delivery of electricity to nearly 1,000 customers in Cochranton, Utica, Polk and nearby communities. 

John Hawkins, FirstEnergy President, Pennsylvania
: “Over time, severe weather takes a toll on exposed electrical infrastructure, and this project allows us to proactively address equipment that has served our customers well for many years but needed to be updated. Utility poles are the backbone of the distribution system, and this work should enhance the reliability of electric service for customers in these rural communities for years to come.”

Crews replaced 42 poles, 53 crossarms and nearly 700 older porcelain insulators along a 13-mile, 34.5-kilovolt (kV) power line. The line connects a substation located along Route 322 north of Utica to a substation in Polk. The line rebuild included the replacement of two switches that allow line workers to isolate damage and temporarily reroute power to customers using nearby lines as repairs are made to reduce the scope and duration of service interruptions. A new remote-control switch that can be operated by distribution-system operators miles away replaces an older manual switch located on a pole on the north end of Utica that had required line crews to operate on site.

The project is designed to improve the performance of the line, which has experienced several equipment-related outages over the past five years. The reconstructed line also provides a more reliable feed to the substation in Polk, benefiting about 540 customers. The work began in November 2024 and was recently completed.

Photos of new poles and equipment on the rebuilt line are available for download on Flickr.

The project is part of Penelec’s Long Term Infrastructure Improvement Plan (LTIIP III), a $538 million initiative to accelerate capital investments to the company’s electric distribution system serving over five years to help ensure continued electric service reliability for customers.

LTIIP III is part of Energize365, a multi-year grid evolution program focused on transmission and distribution investments that will deliver the power FirstEnergy’s customers depend on today while also meeting the challenges of tomorrow. With planned investments of $28 billion between 2025 and 2029, the program is creating a smarter, more secure grid that will meet and exceed reliability targets and accommodate electric vehicles, the electrification of homes and businesses and clean energy sources.

Penelec serves approximately 597,000 customers within 17,600 square miles of northern and central Pennsylvania and western New York. Follow Penelec on X @Penelec and on Facebook at facebook.com/PenelecElectric.

FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its electric distribution companies form one of the nation’s largest investor-owned electric systems, serving more than six million customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company’s transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Visit FirstEnergy online at firstenergycorp.com and follow FirstEnergy on X @FirstEnergyCorp.

 

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SOURCE FirstEnergy Corp.

• Funding will support home rebuilding, debris removal, mental health services and other community needs
• Grants of $25,000 each awarded to 20 high-impact local nonprofits focused on long-term recovery

CHARLOTTE, N.C.
, April 10, 2025 /PRNewswire/ — As part of its commitment to supporting a full recovery in western North Carolina following Hurricane Helene, Duke Energy Foundation today announced $500,000 in new funding to 20 local nonprofits.

The organizations receiving funding are meeting expansive community needs, including completing structural repairs, building new homes and rebuilding damaged ones, removing storm debris, providing mental health services, rehabilitating waterways and more.

Making an impact

The Mountain StrongYancey and Mitchell County Relief Team, which established a field hospital in the aftermath of the storm, is now meeting the community’s long-term needs, including repairing private access roads damaged by flooding.

“This support will have a direct and meaningful impact on our community, allowing us to repair critical access ways and back roads that serve multiple families and connect residents to essential locations including grocery stores, schools and medical clinics,” said Carol Tyler, who serves as the group’s president. “Reliable infrastructure is the backbone of a resilient community, and with this funding, we will be able to ensure safer, more dependable routes for those who rely on them daily.”

Asheville-based GreenWorks is helping property owners who do not qualify for traditional disaster assistance programs remove flood debris.

“Many property owners who still need help with flood debris removal do not have the resources needed to clean up their properties,” said Eric Bradford, director of operations. “Duke Energy’s support will help fill that gap and meet the needs of many residents who suffered damage from Hurricane Helene.”

The big picture

Six months after Hurricane Helene’s impact, Duke Energy continues working to rebuild  infrastructure, protect grid reliability and assist customers and communities as they recover.

“In the face of Helene’s historic damage, we have been in awe of the resilience and teamwork of our mountain communities,” said Kendal Bowman, Duke Energy’s North Carolina president. “As we work to restrengthen the electric grid in western North Carolina, we will continue joining together with nonprofit partners to help build back our communities piece by piece.”

A video update from Bowman on Duke Energy’s approach to grid restrengthening and long-term recovery in western North Carolina is available

here

.

Grant recipients

A list of all organizations receiving $25,000 grants can be found below.

• All Souls Counseling Center
• Asheville Area Habitat for Humanity
• Asheville Greenworks
• Big Brothers Big Sisters of Western North Carolina
• Camp Grier
• Community Housing Coalition of Madison County
• Foothills Conservancy of North Carolina
• Friends of the Land of Sky Regional Council
• Haywood Waterways Association
• Henderson Housing Assistance Corporation
• Mountain Aid Project
• Mountain Housing Opportunities
• Mountain Strong Yancey & Mitchell County Relief Team
• Riverlink
• Rutherford Housing Partnership
• Transylvania Habitat for Humanity
• United Way of Asheville & Buncombe County
• United Way of Haywood County
• Western Carolina Rescue Ministries
• YMCA of Western North Carolina

Duke Energy Foundation
Duke Energy Foundation provides more than $30 million annually in philanthropic support to meet the needs of communities where Duke Energy customers live and work. The Foundation is funded by Duke Energy shareholders.

Duke Energy
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America’s largest energy holding companies. The company’s electric utilities serve 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 54,800 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.

Duke Energy is executing an ambitious energy transition, keeping customer reliability and value at the forefront as it builds a smarter energy future. The company is investing in major electric grid upgrades and cleaner generation, including natural gas, nuclear, renewables and energy storage.

More information is available at duke-energy.com and the Duke Energy News Center. Follow Duke Energy on X, LinkedIn, Instagram and Facebook, and visit illumination for stories about the people and innovations powering our energy transition.

Contact: Garrett Poorman
24-Hour: 800.559.3853
Twitter: @DukeEnergyNC 

 

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SOURCE Duke Energy

Hain’s North America President sheds light on baby food standards, testing and transparency
 in the latest edition of The Hain Way corporate blog

HOBOKEN, N.J.
, April 10, 2025 /PRNewswire/ — As a leading global health and wellness company with a purpose to inspire healthier living, Hain Celestial Group, Inc. (Nasdaq: HAIN) is committed to offering better-for-you products made with the highest quality and safety standards, while ensuring consumers have access to the information they need to make healthier nutrition and lifestyle choices every day.

Nowhere is this commitment more important than in the baby food category where more than half of parents agree that feeding their children is stressful¹, and where the topics of heavy metals, contaminants and food safety are increasingly in parents’ and caregivers’ newsfeeds and on their minds.

As a pioneer in organic baby food, Earth’s Best^® has been a trusted partner to parents and caregivers for more than 40 years, putting little ones, their nutritional needs and their safety at the center of everything the brand does. This includes packing its wide portfolio of products full of wholesome, USDA-organic ingredients and the nutrition little ones need from birth to backpack, while also making every effort to minimize unwanted elements, such as the trace levels of heavy metals present in the soil, air, water and food chain.

In the latest edition of The Hain Way blog, North America President Chad Marquardt sheds light on the actions Hain Celestial takes to ensure food safety on its Earth’s Best brand, from ingredient sourcing to testing transparency on shelf. Read the full blog here.

With focused expertise and leadership in the better-for-you space, Hain is dedicated to upholding high quality and safety standards for our products and continuously refining our practices as a trusted partner to consumers. It’s all in service of making healthier living a reality.

About The Hain Celestial Group
Hain Celestial Group is a leading health and wellness company whose purpose is to inspire healthier living for people, communities and the planet through better-for-you brands. For more than 30 years, Hain has intentionally focused on delivering nutrition and well-being that positively impacts today and tomorrow. Headquartered in Hoboken, N.J., Hain Celestial’s products across snacks, baby/kids, beverages, meal preparation, and personal care, are marketed and sold in over 70 countries around the world. Our leading brands include Garden Veggie Snacks™, Terra^® chips, Garden of Eatin’^® snacks, Hartley’s^® jelly, Earth’s Best^® and Ella’s Kitchen^® baby and kids foods, Celestial Seasonings® teas, Joya® and Natumi^® plant-based beverages, Greek Gods^® yogurt, Cully & Sully^®, Yorkshire Provender^®, New Covent Garden^® and Imagine^® soups, Yves^® and Linda McCartney’s^® (under license) meat-free, and Avalon Organics^® personal care, among others. For more information, visit hain.com and LinkedIn.

 

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SOURCE The Hain Celestial Group, Inc

SAN FRANCISCO
, April 10, 2025 /PRNewswire/ — Instacart (NASDAQ: CART) today announced it will report its first quarter 2025 financial results after market close on Thursday, May 1, 2025. The company’s first quarter 2025 Shareholder Letter will be available on Instacart’s Investor Relations website at https://investors.instacart.com.

Instacart management will also host a conference call to discuss the company’s results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on Thursday, May 1. To access a live webcast of the conference call, please visit the Investor Relations website at https://investors.instacart.com. After the call concludes, a replay will be made available on the Investor Relations website.

Instacart uses and intends to continue to use its Investor Relations website as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor Instacart’s Investor Relations website, press releases, SEC filings, public conference calls, and public webcasts, in addition to following Instacart’s blog, which is located at www.instacart.com/company/blog.

About Instacart

Instacart, the leading grocery technology company in North America, works with grocers and retailers to transform how people shop. The company partners with more than 1,800 national, regional, and local retail banners to facilitate online shopping, delivery and pickup services from nearly 100,000 stores across North America on the Instacart Marketplace. Instacart makes it possible for millions of people to get the groceries they need from the retailers they love, and for approximately 600,000 Instacart shoppers to earn by picking, packing and delivering orders on their own flexible schedule. The Instacart Platform offers retailers a suite of enterprise-grade technology products and services to power their e-commerce experiences, fulfill orders, digitize brick-and-mortar stores, provide advertising services, and glean insights. With Instacart Ads, thousands of CPG brands – from category leaders to emerging brands – partner with the company to connect directly with consumers online, right at the point of purchase. With Instacart Health, the company is providing tools to increase nutrition security, make healthy choices easier for consumers, and expand the role that food can play in improving health outcomes. For more information, visit www.instacart.com/company, and to start shopping, visit www.instacart.com. Maplebear Inc. is the registered corporate name of Instacart.

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SOURCE Instacart