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Mixed Reality Market: Growth to USD 76.91B by 2031 12-04-2024 09:15 PM CET | IT, New Media & Software Press release from: SkyQuest Technology Mixed Reality Market Scope: Key Insights : Mixed reality market size was valued at USD 2.80 billion in 2022 and is poised to grow from USD 4.05 billion in 2023 to USD 76.91 billion by 2031, growing at a CAGR of 44.5% in the forecast period (2024-2031). Discover Your Competitive Edge with a Free Sample Report : https://www.skyquestt.com/sample-request/mixed-reality-market Access the full 2024 Market report for a comprehensive understanding @ https://www.skyquestt.com/report/mixed-reality-market In-Depth Exploration of the global Mixed Reality Market: This report offers a thorough exploration of the global Mixed Reality market, presenting a wealth of data that has been meticulously researched and analyzed. It identifies and examines the crucial market drivers, including pricing strategies, competitive landscapes, market dynamics, and regional growth trends. By outlining how these factors impact overall market performance, the report provides invaluable insights for stakeholders looking to navigate this complex terrain. Additionally, it features comprehensive profiles of leading market players, detailing essential metrics such as production capabilities, revenue streams, market value, volume, market share, and anticipated growth rates. This report serves as a vital resource for businesses seeking to make informed decisions in a rapidly evolving market. Trends and Insights Leading to Growth Opportunities The best insights for investment decisions stem from understanding major market trends, which simplify the decision-making process for potential investors. The research strives to discover multiple growth opportunities that readers can evaluate and potentially capitalize on, armed with all relevant data. Through a comprehensive assessment of important growth factors, including pricing, production, profit margins, and the value chain, market growth can be more accurately forecast for the upcoming years. Top Firms Evaluated in the Global Mixed Reality Market Research Report: Microsoft Corporation Magic Leap, Inc. Facebook Technologies, LLC Google LLC HTC Corporation Lenovo Group Limited Seiko Epson Corporation Samsung Electronics Co., Ltd. DAQRI LLC Vuzix Corporation Key Aspects of the Report: Market Summary: The report includes an overview of products/services, emphasizing the global Mixed Reality market's overall size. It provides a summary of the segmentation analysis, focusing on product/service types, applications, and regional categories, along with revenue and sales forecasts. Competitive Analysis: This segment presents information on market trends and conditions, analyzing various manufacturers. It includes data regarding average prices, as well as revenue and sales distributions for individual players in the market. Business Profiles: This chapter provides a thorough examination of the financial and strategic data for leading players in the global Mixed Reality market, covering product/service descriptions, portfolios, geographic reach, and revenue divisions. Sales Analysis by Region: This section provides data on market performance, detailing revenue, sales, and market share across regions. It also includes projections for sales growth rates and pricing strategies for each regional market, such as: North America: United States, Canada, and Mexico Europe: Germany, France, UK, Russia, and Italy Asia-Pacific: China, Japan, Korea, India, and Southeast Asia South America: Brazil, Argentina, Colombia, etc. Middle East and Africa: Saudi Arabia, UAE, Egypt, Nigeria, and South Africa This in-depth research study has the capability to tackle a range of significant questions that are pivotal for understanding the market dynamics, and it specifically aims to answer the following key inquiries: How big could the global Mixed Reality market become by the end of the forecast period? Let's explore the exciting possibilities! Will the current market leader in the global Mixed Reality segment continue to hold its ground, or is change on the horizon? Which regions are poised to experience the most explosive growth in the Mixed Reality market? Discover where the future opportunities lie! Is there a particular player that stands out as the dominant force in the global Mixed Reality market? Let's find out who's leading the charge! What are the key factors driving growth and the challenges holding back the global Mixed Reality market? Join us as we uncover the forces at play! To establish the important thing traits, Ask Our Experts @ https://www.skyquestt.com/speak-with-analyst/mixed-reality-market Table of Contents Chapter 1 Industry Overview 1.1 Definition 1.2 Assumptions 1.3 Research Scope 1.4 Market Analysis by Regions 1.5 Market Size Analysis from 2023 to 2030 11.6 COVID-19 Outbreak: Medical Computer Cart Industry Impact Chapter 2 Competition by Types, Applications, and Top Regions and Countries 2.1 Market (Volume and Value) by Type 2.3 Market (Volume and Value) by Regions Chapter 3 Production Market Analysis 3.1 Worldwide Production Market Analysis 3.2 Regional Production Market Analysis Chapter 4 Medical Computer Cart Sales, Consumption, Export, Import by Regions (2023-2023) Chapter 5 North America Market Analysis Chapter 6 East Asia Market Analysis Chapter 7 Europe Market Analysis Chapter 8 South Asia Market Analysis Chapter 9 Southeast Asia Market Analysis Chapter 10 Middle East Market Analysis Chapter 11 Africa Market Analysis Chapter 12 Oceania Market Analysis Chapter 13 Latin America Market Analysis Chapter 14 Company Profiles and Key Figures in Medical Computer Cart Business Chapter 15 Market Forecast (2023-2030) Chapter 16 Conclusions Address: 1 Apache Way, Westford, Massachusetts 01886 Phone: USA (+1) 351-333-4748 Email: sales@skyquestt.com About Us: SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally. This release was published on openPR.Thanksgiving Weekend Sports Guide: Your roadmap to NFL matchups, with other games, times and odds

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Madrid lose on missed Mbappé pen, Valverde gaffeCanada thumped Trinidad and Tobago 38-0 to win the Rugby Americas North (RAN) Sevens on Sunday and qualify for World Rugby’s second-tier Challenger Series. The tournament-favourite Canadian men outscored their opposition 169-0 over five matches in a first step back up the rugby sevens ladder since being relegated from the elite HSBC SVNS circuit in June. The top four teams from the three-event Challenger Series will face off against the bottom four from the HSBC SVNS at the SVNS World Championships May 3-4 in Carson, Calif., in a promotion/relegation playoff. “I think it’s just about continually building,” said Canada captain Elias Hancock. “We know what we’re capable of. We’ve shown it at times. It’s just time to get back to that place where we know we belong.” Prior to relegation, Canada had been a core team on the top sevens circuit since 2012-13 and lifted the trophy in Singapore in 2017. The Canadian men finished eighth at the Tokyo Olympics. Trinidad had plenty of the ball in the first half of Sunday’s final at Larry Gomes Stadium. But Canada, helped by several penalties, scored first with Hancock touching down under the posts for a try converted by Thomas Isherwood. Matt Oworu, beating two defenders, added another converted try for a 14-0 lead at the break. Cooper Coats added a converted try early in the second half. And Hancock, Jack Shaw and Noah Bain added late tries after Trinidad lost a man to the sin-bin for two minutes midway through the second half for an infraction off a Canadian kickoff. Earlier Sunday, the Canadians defeated Jamaica 26-0 in semifinal play and the Cayman Islands 38-0 in the quarterfinal. Trinidad and Tobago made it to the final — for the first time since 2013 — with a 19-7 comeback win over Mexico. Jamaica defeated Mexico 12-0 to finish third. Weather was a factor during the three-day tournament in Arima, some 30 kilometres east of Port of Spain. After enduring 30-plus C heat and humidity Friday, their final Pool A game against Barbados was abandoned Saturday due to a storm. On Sunday, the Canadians played the Cayman Islands in a downpour and the skies opened again at halftime of the Jamaica game. Alex Russell, Josiah Morra, Coats and Hancock scored tries against Jamaica for Canada, which led 12-0 at the break. Thomas Isherwood added three conversions. Morra and Hancock each scored two tries against the Caymans and Ethan Hager and D’Shawn Bowen added singles for Canada, which led 19-0 at the half. Canada added four conversions. Canada, which blanked Guyana 29-0 Friday, dispatched Bermuda 38-0 Saturday and was leading Barbados 10-0 when the game was halted in the first half due to heavy rain and high winds. While play eventually resumed, the interrupted Canada game was ruled a scoreless draw. The Canadian men are coming off a disastrous 3-36-0 HSBC SVNS season that ended with a 22-14 loss to Spain with relegation on the line. It was a 29th straight defeat. After being relegated, coach Sean White’s team fell short in an Olympic repechage tournament in late June in Monaco, finishing fourth after losing 26-0 to eventual winner South Africa in the semifinals. The Blitzboks went on to claim bronze in Paris. The 13-man roster for the RAN 7s includes six players who were part of the relegation playoff in Madrid: Hancock, Isherwood, Morra, Coats, Oworu and David Richard. Morra, Coats and Oworu joined the sevens team from Bucharest where they were part of Kingsley Jones’ Canadian 15s squad for test matches against Chile and Romania. The Canadian men are scheduled to play in an invitational men’s sevens tournament taking place at B.C. Place Stadium alongside the HSBC SVNS Vancouver stop in February. The Canadian women left Sunday for Dubai and the opening stop of the 2005 HSBC SVNS season. The Olympic silver-medallist Canadians open play next Saturday against Japan before facing Brazil and Olympic champion New Zealand.Why Are Investors Suddenly So Excited About This Database Giant?

MIAMI GARDENS, Fla. – , Mike McDaniel and the may be peaking at the right time. Just in time to make the Thanksgiving night game entertaining later this week. Tagovailoa threw three of his four touchdown passes in the first half, and the at Hard Rock Stadium on Sunday. After beginning this season losing 6 of 8 games, Miami is riding a three-game winning streak. The are now 5-6 and staring down .500, heading into their primetime Thanksgiving Day matchup at the on Thursday night. Can Tagovailoa and the Dolphins win a cold-weather game? The Hawaiian native surely has that knock again him during his five-year career. And the temperature could be in the teens by primetime. Can the Dolphins beat a team with a winning record? They were close against the and , losing by three points or less, before they rattled off this recent win streak. The Dolphins are 2-14 in their last 16 games against opponents with a .500 record or better. The Packers were 7-3 in this season ahead of Sunday's game against the . “I’m excited to kill narratives, so let’s go,” Tagovailoa said after the game. “Bring it on.” The will do the heavy lifting against in the 12:30 p.m. game. The tryptophan from Thanksgiving lunch should settle in by time the lowly and just-as-lowly kick off at 4:30 p.m. But, Tagovailoa and the Dolphins bring enough intrigue against the Packers to save the NFL’s holiday tripleheader from an entertainment standpoint. “Our record now is 5-6, and the Packers aren’t going to care about our three-game win streak,” McDaniel said. “The Packers are going to want to make us the team that can’t win in the cold or beat a good team. And we’ll have an opportunity on Thursday to either prove them right or wrong, as well as everybody else, in front of a bunch of families that are digesting and judgmental.” Could Miami upset Green Bay on Thursday? They’ll need to capitalize on what’s made them successful in their recent streak if they hope to make the playoffs in the final six weeks of the season. Tagovailoa finished 29 of 40 for 317 yards against New England, improving to 7-0 all-time against his AFC East rivals from Foxborough. Tagovailoa is 82 of 105 (78%) with eight touchdown passes in his last three games during Miami’s winning streak. Overall, he’s completed 130 of 170 passes (76.4%) since his return in Week 8. The Dolphins have converted 18 of their 34 third-down attempts (52.9%) in the last three games – before Tagovailoa was pulled with 11:01 left in the fourth quarter Sunday. Tagovailoa threw his first touchdown pass to tight end Jonnu Smith, and his second of two touchdowns to running back De’Von Achane on third down against the . “We’re still below the .500 threshold and it’s a long way to where we want to get to,” Tagovailoa said. “We’ll enjoy this win, but this next one is going to be big for us.” McDaniel has also identified a third receiving target to open the passing game. Teams are focusing on Dolphins receivers Tyreek Hill and Jaylen Waddle, leaving windows open for others. It’s become Smith, the former Titans tight end who has three touchdowns in the last two weeks. At times, it’s also Odell Beckham Jr., who draws the attention of secondary defenders despite missing all three of his targets against the . Smith finished with nine catches for 87 yards against the Patriots, one week after he had six catches for 101 yards against the Las Vegas Raiders. His performance Sunday opened the window for Waddle’s best game of the season with eight catches for 144 yards and a touchdown against New England. Achane had 48 total yards, and two touchdown catches in the victory. Hill finished with five catches for 48 yards. “When you have a lot of playmakers on the team, it’s hard to stop us,” Achane said. Patriots rookie quarterback Drake Maye threw a 38-yard touchdown pass to tight end Austin Hooper, and New England’s Christian Gonzalez returned a fumble 63 yards for another score within a 3:33 stretch early in the fourth quarter. The Dolphins did their work early in this one. Now, they have three days of rest before their holiday game this week. “We have a tough task ahead of us. Short week, on the road, night game, cold weather. All that stuff is really going to test our mental toughness,” Dolphins edge rusher Calais Campbell said. “We’re going to see what kind of team we are.” Added Tagovailoa: “We’re excited to go down to Green Bay and show everybody on primetime what we can do.”SEC THIS WEEK

Air Canada to bar carry-on bags for lowest-fare customersPresident-elect Donald Trump announced Saturday he would pick Kash Patel, the former chief of staff to to the acting secretary of defense during the first Trump administration, to serve as director of the Federal Bureau of Investigation . "Kash is a brilliant lawyer, investigator, and “America First” fighter who has spent his career exposing corruption, defending Justice, and protecting the American People," Trump wrote in a post to Truth Social, arguing Patel would "bring back Fidelity, Bravery, and Integrity to the FBI." Patel, who will have to earn Senate confirmation to become FBI director, has earned a reputation as the ultimate Trump loyalist who has called for a purge of perceived enemies in the Justice Department and intelligence agencies. A former public defender who rose to increasingly senior national security posts in the final year of Trump’s first term, Patel has promoted the falsehood that the 2020 election was “stolen” from Trump as well as baseless claims that federal bureaucrats in the “deep state” tried to overthrow the former president. Patel has called for replacing “anti-democratic” civil servants in law enforcement and intelligence with “patriots” who he says will work for the American people, and in his memoir described the current political moment as “a battle between the people and a corrupt ruling class." “The Deep State is an unelected cabal of tyrants who think they should determine who Americans can and cannot elect as president, who think they get to decide what the president can and cannot do, and who believe they have the right to choose what the American people can and cannot know,” Patel wrote in "Government Gangsters." Former intelligence officers, Democratic lawmakers and Western officials worry that a hard-line Trump loyalist like Patel could reshape the makeup and mission of the nation’s intelligence apparatus, stripping it of its apolitical outlook and skewing assessments to adhere to a White House agenda. And they fear a worst-case scenario in which the spy agencies could be turned into tools to target political opponents. During the investigation into Russia’s interference in the 2016 election, Patel gained favor with Trump as a congressional staffer after drafting a memo that accused the FBI of making mistakes in how it obtained a warrant to conduct surveillance of a former Trump campaign volunteer. Many of the memo’s assertions were later disproved. An inspector general report found fault with the FBI’s surveillance during the Russia investigation, but also found no evidence that federal authorities had acted in a politically partisan way. Patel went on to serve in Trump’s White House National Security Council, briefly as an adviser to the acting director of national intelligence and as chief of staff to Defense Secretary Chris Miller at the end of Trump’s first term. During the closing months of Trump’s tenure, the former president proposed Patel to serve as the deputy CIA director or to take over the FBI. Then-CIA Director Gina Haspel, a career intelligence officer, threatened to resign if Patel was installed and the attorney general at the time, William Barr, vehemently objected. Trump ended up dropping his plans. “Patel had virtually no experience that would qualify him to serve at the highest level of the world’s preeminent law enforcement agency,” Barr later wrote in his memoir. Patel and some other Trump loyalists suspected there was information hidden away in the intelligence community that could shed more light on bureaucratic plotting against Trump and in favor of Joe Biden, former officials said. “It was a fairly conspiratorial environment at that point,” said Marc Short, who served as chief of staff to then-Vice President Mike Pence. Patel has echoed Trump’s rhetoric labeling journalists as traitors and calling for “cleaning out” allegedly disloyal federal bureaucrats. In an interview last year with longtime Trump ally Steve Bannon, Patel vowed to go after “conspirators” who he claimed had abused their positions in government. “The one thing we learned in the Trump administration the first go-around is that we have to put in all-American patriots top to bottom,” Patel told Bannon. “And the one thing that we will do that they never will do is that we will follow the facts and the law and go to courts of law and correct these justices and lawyers who have been prosecuting these cases based on politics and actually issuing them as lawfare,” he said. “We will go out and find the conspirators, not just in government but in the media — yes, we’re going to come after the people in the media who lied about American citizens who helped Joe Biden rig presidential elections. Whether it’s criminally or civilly, we’re going to figure that out — but yeah, we’re putting you all on notice,” Patel said. Trump and his allies first started referring to a “deep state” soon after the 2016 election, viewing the investigation into Russia’s interference in the election — and its outreach to the Trump campaign — as an attempt to sabotage his presidency. Patel joined Trump on the 2024 campaign trail and has promoted his memoir, a film adaptation of the memoir and a line of children’s books featuring him as a “wizard” defending “King Donald.” He has touted his charity, the Kash Foundation, as a way of helping the needy and providing legal defense funds to whistleblowers and others. But the foundation has released few details of its finances. According to tax filings for 2023, revenue for the foundation increased to $1.3 million last year, compared with $182,000 in 2022, with much of the money coming from donations. The foundation listed expenses of $674,000, with about $425,000 spent on advertising and marketing. He also has appeared on Truth Social peddling “Warrior Essentials” anti-vaccine diet supplements, which are supposed to “reverse” the effects of Covid-19 vaccines. In his memoir, Patel recounts how after law school he dreamed of landing a job with a law firm and a “sky-high salary” but “nobody would hire me.” Instead, he became a public defender in Miami. Referring to his stint at the Justice Department after his work as a public defender, Patel has claimed he was the “lead prosecutor” for a federal case against a Libyan accused of taking part in the lethal 2012 attack on a U.S. compound in Benghazi. “I was the main Justice lead prosecutor for Benghazi,” Patel said in an interview on a YouTube channel hosted by a former Navy SEAL, Shawn Ryan. But in Justice Department announcements at the time, Patel was not listed as the lead prosecutor or as part of the legal team. At a 2016 proceeding in Houston for a case involving a Palestinian refugee who pleaded guilty to supporting ISIS, a federal judge, Lynn Hughes, dressed down Patel and kicked him out of the chambers, according to a court transcript . The judge repeatedly questioned why Patel had flown all the way from Central Asia to be present at the proceeding, as the judge said his presence was unnecessary. And he scolded Patel for failing to dress appropriately. “Act like a lawyer,” the judge said. He accused Patel of being a Washington bureaucrat who would interfere in a case where he was not needed. “‘You’re just one more nonessential employee from Washington.” In his memoir, Patel wrote that he had rushed back from Tajikistan and did not have a suit to wear to the courtroom, and that he chose not to talk back to the judge “who had it out for me” to avoid damaging the government’s terrorism case. This article first appeared on NBCNews.com . Read more from NBC News here:

HOOD RIVER — The Central Gorge Master Gardener Association held their annual Recognition Event on Thursday, Nov. 14 at Riverside Church in Hood River to celebrate successes and present awards. During the Central Gorge Master Gardener 2024 season, the chapter began several new projects related to community outreach. A group of Master Gardeners collaborated with Extension Office and Housing Authority employees to work with families at the Wy’East Vista Apartments to establish community vegetable beds there. The Master Gardeners also joined forces with the OSU Hood River County Extension Service, who launched a new Front Yard Garden Tour in the Hood River Heights. The revamped website, expanded social media presence, and continued work by the Educational Writing Crew, which writes articles for publication in the Columbia Gorge News Home & Garden section, expanded the chapter’s educational mission to the community at large, including those who cannot attend events in person. And the Garden Gathering Series brought this educational mission directly to community members in the form of hands-on monthly workshops about timely garden topics. In all, chapter members spent more than 4200 volunteer hours, made more than 2,500 contacts with the community, and grew nearly 1,300 pounds of produce for the FISH Food Bank Garden. Master Gardener of the Year was presented to two recipients this year: Margo Dameier for her dedicated service to the organization in numerous capacities, including educational and community outreach; and Tracy Willett for her commitment to the FISH Food Bank Garden and its impact on the community. Helga Reese was awarded the Behind the Scenes award for her often-invisible labor but always-visible giving heart. These awards were announced at the Oregon Master Gardener Association Joy of Gardening event in July 2024. Central Gorge Master Gardener Association chapter awards were also presented by CGMGA President for 2024, Jen Harty, at the Recognition Event. Norma Benson received the chapter’s Projects Award for her outstanding work with the water-wise garden at the Hood River Library and her community outreach regarding water-wise gardening through the workshop she delivered this year. Shari Bosler was the recipient of the Communications Award, which recognized her longstanding efforts creating the chapter’s monthly newsletter. The Community Outreach Award went to a group of Master Gardeners–Anne Gehrig, OraLee Branch, Kelly Oosterbaan, Kelsey Soltysiak, and Jen Munroe for the program they helped launch this year at the Wy’East Vista Apartments, which built raised garden beds and provided education and practical support with vegetable gardening in that community. The Special Services Award was again given to an individual who is not a Master Gardener but whose volunteer work with the program furthered Master Gardeners’ efforts. This year, the award went to Jack Brennan, whose heroic efforts repairing and maintaining the irrigation at the Extension grounds/Learning Gardens sustained the plants during the most difficult periods. The chapter’s current President, Jen Harty, was awarded the Chapter Educator Award for the monthly Garden Gathering Series she expanded this year. This series saw substantial audiences come to learn about a range of topics and have hands-on demonstrations that truly extended the Master Gardeners’ work in the community in important ways. The Golden Trowel Award goes to an exceptional first year Master Gardener who is selected by the Central Gorge Master Gardener Outreach Program Coordinator, Megan Wickersham. This year’s recipient is Kat Sullivan for her creative work to expand our social media presence and make the work done in the chapter even more visible to the community. Nineteen members of the Central Gorge Master Gardener class of 2024 received their certificates of completion for the OSU Extension Master Gardener program. These new Master Gardeners successfully completed educational and volunteer requirements, and will now be serving the community through Master Gardener projects and educational outreach. The class of 2024 includes Jan Kelley, OraLee Branch, Maude Collins, Lynne Frost, Mary Godwin, Marcy Hasegawa, Katherine Hutter, Lois Kinsfogel, Cheryl McKay, Kellie Oosterbaan, Lynnea Ossello, Katie Puddefoot, Christine Purvis, Kelsey Rairagh, Kat Sullivan, Middy Tilghman, Buzz Umphlet, Peggy Wrobleski, Mark Zanmiller. Additionally, 48 returning Master Gardeners received recertification certificates after completing continuing education and volunteer requirements. Central Gorge Master Gardeners are a vibrant group of trained volunteers who serve the community through maintenance of and education in community gardens, answering home gardening questions through Master Gardener Plant Clinics, gardening shows on Radio Tierra and KIHR, Seed to Supper beginning gardening classes, hands-on seminars, educational fundraising programs, educational writing for print and social media, and much more. For more information on the Central Gorge Master Gardener program, visit centralgorgemga.org or email megan.wickersham@oregonstate.edu . Follow us through Instagram, FaceBook, and the Columbia Gorge News . The Central Gorge Master Gardener program is a division of the OSU Hood River County Extension Office. OSU Extension Service prohibits discrimination in all its programs, services, activities, and materials.PORT-AU-PRINCE: Haiti’s foreign minister met with the French ambassador to the nation on Thursday over what the ministry branded as “unfriendly and inappropriate” comments from French President Emmanuel Macron as he left the G20 summit in Brazil. Macron had on Wednesday called the decision of the Caribbean country’s transitional presidential council to oust the prime minister earlier this month amid an escalation in gang warfare as “completely dumb.” “Honestly, it is Haitians who killed Haiti by letting in drug trafficking,” Macron was filmed saying in Brazil, before hailing ex-Prime Minister Garry Conille, who was ousted amid divisions with the council, as a great leader. “They are completely dumb, they should never have fired him,” he said. His remarks sparked outrage in Haiti, a former French colony. After Haiti freed itself from slavery and declared independence in 1804, it paid France a “debt” for lost property — including slaves — over more than a century that some activists say amounted to over $100 billion. Activists are seeking French reparations for the debt, which many blame for Haiti’s economic and political turmoil. Speaking in Chile on Thursday, Macron vowed that “France will never turn its face from a crisis... There will never be a double standard in face of tragedy, be it in Haiti, Venezuela, or at the gates of Europe.” France has pledged 4 million euros ($4.2 million) to a UN fund financing a deeply under-resourced security mission mandated to help restore security in Haiti, as well as funding for French and Creole classes for its troops. Haiti’s foreign ministry said that in the meeting French Ambassador Antoine Michon promised France would stay by Haiti’s side to help restore security and carry out elections.

49% Year-to-Date Revenue Growth and 71% Adjusted Gross Margin Drive OAM's Path to Profitability TORONTO , Nov. 27, 2024 /CNW/ - OverActive Media Corp. ("OverActive" or the "Company") OAM OAMCF , a global esports, and entertainment company for today's generation of fans , released its third-quarter results for the three and nine-month periods ended September 30, 2024 . Note to reader: A significant portion of the Company's revenue is derived from "League Revenues," which have historically varied in the quarter they were received, making period-over-period comparisons less meaningful. To address this, the Company has adopted a straight-line revenue recognition model, distributing revenue evenly over 12 months. This approach ensures more consistent quarter-to-quarter comparisons. The normalized financials in this press release reflect this change, providing clearer insights into the Company's performance. All amounts are presented in Canadian dollars ($). Below is a summary of the financial results for the three and nine months ended September 30, 2024 , compared to the three and nine months ended September 30, 2023 : $CAD (000's) Three months ended September 30, 2024 Three months ended September 31, 2023 Variance (%) Three months ended September 30, 2023 (Normalized) Variance (%) Normalized Nine months ended September 30, 2024 Nine months ended September 30, 2023 Variance (%) Nine months ended September 30, 2023 (Normalized) Variance (%) Normalized Revenue $6,881 $6,015 14 % $3,998 72 % $17,156 $11,492 49 % $10,819 59 % Adjusted Gross Profit i $5,071 $4,837 5 % $2,820 80 % $12,194 $7,717 58 % $7,044 73 % Adjusted Gross Margin i 74 % 80 % -8 % 71 % 4 % 71 % 67 % 6 % 65 % 9 % Operating Expenses $7,609 $5,374 42 % $5,374 42 % $22,416 $17,259 30 % $17,259 30 % Adjusted EBITDA i $4 $777 -99 % ($1,240) 100 % ($3,048) ($5,508) 45 % ($6,181) 51 % Net Income (Loss) ($1,790) ($1,993) 10 % ($4,010) 55 % $239 ($11,170) 102 % ($11,843) 102 % Net Working Capital $9,423 ($4,260) 321 % ($4,260) 321 % $9,423 ($4,260) 321 % ($4,260) 321 % Cash & Equivalents $8,861 $9,695 -9 % $9,695 -9 % $8,861 $9,695 -9 % $9,695 -9 % i Adjusted EBITDA and Adjusted Gross Margin/Profit are non-IFRS measures. Refer to "Non-IFRS Measures" at the end of this press release. "Our third-quarter results demonstrate OverActive Media's disciplined execution and growth. With year-to-date revenue up 49% to $17.1 million and positive net income of $239,000 , we are making significant progress," said Adam Adamou , CEO of OverActive Media. "This growth is driven by strategic changes, including renegotiated league agreements, increased digital revenue, and contributions from our KOI and Riders acquisitions, as well as our entry into the VALORANT EMEA ecosystem. We delivered positive Adjusted EBITDA this quarter and significantly reduced year-to-date Adjusted EBITDA losses by 45%, illustrating our strong path forward." Mr. Adamou continued, "Restructuring agreements with Activision earlier this year eliminated over $35 million in liabilities, strengthening our net working capital to $9.4 million . Additionally, post-quarter, we finalized a new Riot Games agreement that eliminated the remaining $2 million franchise fee for our LEC team, securing full ownership of our franchises without future obligations. These restructured agreements have enabled us to generate high-margin revenue streams, especially in digital merchandise and microtransactions. Mr. Adamou concluded, "Today, we are operating from a position of financial strength — debt-free, globally diversified, and supported by partnerships with iconic brands like Pepsi, AMD, Telefónica, and Bell. With a clear strategy, strong margins, and transformative agreements in place, we are focused on expanding our opportunities and driving sustainable, profitable growth in the near future." Q3 2024 Financial Highlights Revenue for the three months ended September 30, 2024 totaled $6.8 million , reflecting a 14% increase compared to $6.0 million in the same period of 2023. On a normalized basis—accounting for changes in revenue recognition—revenue increased by $2.8 million , or 72%. This growth was driven by several strategic initiatives, including the acquisition of Riders and KOI assets in the first quarter and our entry into the VALORANT EMEA ecosystem in February. Additionally, stronger performance across both our Team Operations and Business Operations segments, particularly from digital merchandise (MTX) sales, contributed significantly to this revenue expansion. Operating Costs for the three months ended September 30, 2024 totaled $7.6 million , compared to $5.4 million for the same period in 2023, reflecting a 42% increase. This rise in costs is primarily attributed to higher payroll expenses across both corporate and team operations, driven by the integration of the recently acquired Riders and the KOI assets. Additionally, one-time restructuring costs incurred as part of our strategic efforts to streamline operations and improve efficiency have also contributed to this increase. Adjusted Gross Profit i for the quarter (defined as revenue less direct costs) remained strong at $5.1 million , resulting in an Adjusted Gross Margin i of 74%, compared to $4.8 million and 80% for the same period in 2023. On a normalized basis, Adjusted Gross Profit improved from $2.8 million to $5.1 million for the quarter and Adjusted Gross Margin improved from 71% to 74%. The stability in Adjusted Gross Profit, despite the increase in operating costs, highlights the effectiveness of our revenue growth initiatives, particularly from digital merchandise sales and contributions from our expanded portfolio. These results underscore the scalability of our business model as we continue to execute on strategic opportunities to drive long-term profitability. Adjusted EBITDA i for the three months ended September 30, 2024 was essentially break-even, compared to an Adjusted EBITDA gain of $777,000 in the same period in 2023. This year-over-year decline is primarily due to changes in the timing of revenue recognition for certain league earnings and in-game microtransactions (MTX). On a normalized basis, Adjusted EBITDA showed a significant improvement, moving from a loss of $1.2 million in Q3 2023 to a gain of $4,000 in Q3 2024. This improvement was driven by increased revenues from strategic acquisitions, and successful team performances in key tournaments. Net Loss for the three months ended September 30, 2024 was $1.8 million , representing a 10% improvement compared to a Net Loss of $2.0 million in the same period in 2023. This improvement was driven by strong revenue growth and disciplined cost management, even as the Company absorbed additional expenses related to acquisitions and integration. Net Working Capital (current assets less current liabilities) as of September 30, 2024 improved dramatically to $9.4 million , compared to negative working capital of $4.3 million in the same period in 2023 — a positive shift of $13.7 million . This significant change is primarily the result of the acquired businesses and the restructuring of our league partnerships, which resulted in the elimination of substantial league payables. Cash and Cash Equivalents as of September 30, 2024 totaled $8.9 million , compared to $9.7 million at the same time in 2023. This modest decrease reflects careful asset management, with planned investments directed toward operating activities and acquisition integration costs. The Company's approach underscores a commitment to balancing strategic growth with operational efficiency while maintaining a strong liquidity position. Nine Months 2024 Financial Highlights For the nine months ended September 30, 2024 Revenue totaled $17.2 million , a 49% increase compared to $11.5 million during the same period in 2023. After normalizing for changes in revenue recognition, Revenue grew by $6.3 million or 59%. This growth was driven by strategic acquisitions of Riders and KOI, stronger performance across Team Operations and Business Operations segments, and contributions from our marketing and influencer activities. Operating Costs for the nine months ended September 30, 2024 were $22.4 million , a 30% increase compared to $17.3 million in the same period in 2023. This increase reflects higher payroll expenses, costs associated with integrating acquired businesses, and one-time restructuring expenses. These costs align with the Company's strategic focus on streamlining operations and positioning for sustainable growth. Adjusted Gross Profit for the period stood at $12.2 million , with an Adjusted Gross Margin of 71%, compared to $7.7 million and 67% for the same period in 2023. On a normalized basis, year-to-date Adjusted Gross Profit significantly improved from $7.0 million to $12.2 million and Adjusted Gross Margin improved from 65% to 71%. The growth in Adjusted Gross Profit underscores the scalability of our revenue model, particularly from digital merchandise and expanded team contributions. Adjusted EBITDA loss for the nine months ended September 30, 2024 was $3.0 million , a 45% improvement from the $5.5 million loss reported for the same period in 2023. This improvement reflects robust revenue growth from acquisitions and changes in revenue recognition, offset by integration and restructuring costs. Net Income for the nine months ended September 30, 2024 was a gain of $239,000 , compared to a Net Loss of $11.2 million in the same period in 2023. The shift to profitability was driven by strong revenue performance, disciplined cost management, and a gain from the termination of the Call of Duty League franchise obligation. Selected Q3 2024 Achievements OverActive Media's teams, competing as Toronto Ultra at the 2024 Esports World Cup (EWC) in Saudi Arabia , delivered a strong international performance, earning valuable Club Championship Points in Overwatch 2, Teamfight Tactics, and Call of Duty to secure an 11th place global finish. This achievement underscores OverActive Media's growing influence in the global esports ecosystem and highlights its role as an Official Esports World Cup Partner. OverActive Media secured new high-profile partnerships with global brands, including Pepsi, and renewed previous announced partnerships with AMD, SCUF and Bell. These partnerships continue to enhance the Company's market presence and brand portfolio, particularly in the esports and gaming sectors. Toronto Ultra finished in third place at the CDL World Championships in Texas , capping off a successful year that included winning Major 1 in the first quarter and leading all CDL teams in team branded digital merchandise sales globally. Significant Announcements Subsequent to Quarter End OverActive Media's esports team, Movistar KOI, partnered with Ecoembes, a leader in circular economy and packaging recycling, to drive sustainability within the esports community. This strategic sponsorship positions Movistar KOI as an advocate for environmental responsibility in European esports, focusing on recycling awareness, packaging recovery, and carbon neutrality. The partnership also includes Movistar KOI's commitment to the United Nations Sports for Climate Action Framework, reinforcing OverActive Media's dedication to sustainable growth. OverActive Media's League of Legends team MAD Lions KOI qualified for the World Championship tournament for the sixth consecutive time, drawing peak viewership of almost 2.5M concurrent viewers. OverActive Media has secured a new long-term partnership with Riot Games for the League of Legends EMEA Championship (LEC), reinforcing its presence in one of the world's premier esports leagues. The agreement eliminates all future franchise obligations from OAM's balance sheet, significantly improving future cash flows and ensuring full ownership of its franchises with no remaining liabilities. This milestone positions the company for enhanced revenue opportunities and long-term growth in the global esports ecosystem. The Company's consolidated unaudited financial statements, notes to financial statements, and Management's Discussion and Analysis for the three and nine-month periods ended September 31, 2024 , are available on the Company's website at www.overactivemedia.com and under the Company's profile on SEDAR at www.sedarplus.ca . Conference Call The Company will conduct a conference call on Thursday, November 28, 2024 , at 9:00 a.m. (Eastern Time) to review the third-quarter results, as well as provide an overview of the Company's recent milestones and growth strategy. To access the conference call without operator assistance, please register and enter your phone number at https://emportal.ink/3O6qT40 to receive an instant automated callback. To dial directly to be entered into the call by an operator, please dial 1-888-699-1199 or, for international callers, 416-945-7677 . A replay will be available shortly after the call and can be accessed by dialing 1-888-660-6345 or, for international callers, 289-819-1450 . The entry code for the replay is 27822# . The replay will expire on Thursday, December 5, 2024 . A live conference call webcast can be accessed on OverActive's website at https://app.webinar.net/ZXxR8X7pPLM . An online webcast archive will be available via the same link for three months following the call. ABOUT OVERACTIVE MEDIA OverActive Media Corp. OAM OAMCF is headquartered in Toronto, Ontario , with operations in Madrid, Spain and Berlin, Germany , is a premier global esports and entertainment company for today's generation of fan. OverActive owns team franchises in professional esports leagues, including the Call of Duty League, operating as the Toronto Ultra, the League of Legends EMEA Championship (LEC), operating as MAD Lions KOI, the VALORANT Champions League (VCT) EMEA, operating as Movistar KOI and other professional esports leagues and competitions. CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION This press release contains statements which constitute "forward-looking statements" and "forward-looking information" within the meaning of applicable securities laws (collectively, "forward-looking statements"), including statements regarding the plans, intentions, beliefs and current expectations of OverActive with respect to future business activities and operating performance. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and includes information regarding the anticipated financial and operating results of OverActive in the future. Investors are cautioned that forward-looking statements are not based on historical facts but instead OverActive management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although OverActive believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed thereon, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the OverActive. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking statements include the following: the potential impact of OverActive's qualifying transaction on relationships, including with regulatory bodies, employees, suppliers, customers and competitors; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws and regulations both locally and in foreign jurisdictions; compliance with extensive government regulation; the risks and uncertainties associated with foreign markets; the ability of the Company to continue to execute on its existing partnerships and business strategy; the ability of the MAD Lions and Call of Duty Leagues to maintain viewership; the successful completion of the Company's new venue; and other risk factors set out in OverActive's most recent annual information form and its other filings with Canadian securities regulators, copies of which may be found under OverActive's profile at www.sedarplus.ca . These forward-looking statements may be affected by risks and uncertainties in the business of OverActive and general market conditions, 9. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although OverActive has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. OverActive does not intend and do not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law. NON-IFRS MEASURES This press release includes references to Adjusted EBITDA, Adjusted Gross Profit and Adjusted Gross Margin. These non-IFRS financial measures are not earnings or cash flow measures recognized by IFRS and do not have standardized meanings prescribed by IFRS. Our method of calculating these financial measures may differ from the methods used by other issuers and, accordingly, our definition of these non-IFRS financial measures may not be comparable to similar measures presented by other issuers. Investors are cautioned that non-IFRS financial measures should not be construed as an alternative to net income determined in accordance with IFRS as indicators of our performance or to cash flows from operating activities as measures of liquidity and cash flows. Adjusted EBITDA is defined by the Company net income or loss before income taxes, finance costs, finance income, depreciation and amortization, decrease in net present value of franchise obligations, foreign exchange gains / loss, assistance payments from Franchise League and government assistance, restructuring and business development costs, impairment charges, and share-based compensation. We believe that Adjusted EBITDA is a useful measure of financial performance because it provides an indication of the Company's ability to capitalize on growth opportunities in a cost-effective manner, finance its ongoing operations and service its financial obligations. A reconciliation of Adjusted EBITDA to net income/loss may be found in the Company's Management's Discussion and Analysis for the three and nine-month periods ended September 30, 2024 . Adjusted Gross Profit is defined by the Company as revenue less the direct operating costs incurred by the Company in generating revenue. Direct operating costs include merchandise, sponsorship and agency expenses, live event expenses and the portion of team prize money revenue paid to team members but do not include other team operation expenses or other indirect operating costs. Adjusted Gross Profit Margin is the percentage that Adjusted Gross Profit represents of total revenue. We believe that Adjusted Gross Profit and Adjusted Gross Profit Margin are important measures of financial performance because they focus on the profitability of our core revenue-generating activities by excluding indirect operating costs. These metrics provide investors with a clearer view of the Company's ability to deliver value to fans, sponsors, advertisers, and league partners, while maintaining sustainable margins in our primary operations. This distinction helps investors evaluate the underlying performance and efficiency of our revenue streams before considering broader expenses. A reconciliation of revenue to Adjusted Gross Profit and Adjusted Gross Profit Margin for the periods indicated is as follows: Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 $ $ $ $ Revenue for the period 6,881 6,015 17,156 11,492 Normalized revenue for the period 6,881 3,998 17,156 10,819 Less: Merchandise, sponsorship and agency expenses (1) 625 126 1,542 595 Live event expenses 510 888 2,157 1,999 Team prize money expense (2) 674 163 1,263 1,181 Total Direct Costs 1,810 1.178 4,962 3,775 Adjusted Gross Profit 5,071 4,837 12,194 7,717 Normalized Adjusted Gross Profit 5,071 2,820 12,194 7,044 Adjusted Gross Profit Margin 74 % 80 % 71 % 67 % Normalized Adjusted Gross Profit Margin 74 % 71 % 71 % 65 % Notes: (1) These are selling, general and administrative operating costs that the Company treats as direct costs. (2) Represents the portion of team operations constituting prize money the portion of team prize money revenue paid to team members. The following tables presents a reconciliation of net loss to adjusted EBITDA for the three and nine months ended September 30, 2024 and 2023: Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 $ $ $ $ Net income (loss) for the period (1,790) (1,993) 239 (11,170) Income tax expense (recovery) 176 152 (334) 148 Depreciation 546 435 1,688 1,313 Amortization 318 51 744 159 Decrease in net present value of franchise obligations - - (9,838) - Finance income (64) (44) (222) (182) Finance costs 150 1,332 1,603 3,843 Foreign exchange (gain) loss (70) 610 903 119 Share-based compensation 254 122 368 (55) Restructuring and development costs 484 112 1,801 317 Adjusted EBITDA 4 777 (3,048) (5,508) Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. SOURCE Overactive Media Corp. View original content: http://www.newswire.ca/en/releases/archive/November2024/27/c7616.html © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

ST. PETERSBURG, Fla. (AP) — The St. Petersburg City Council reversed course Thursday on whether to spend more than $23 million to repair the hurricane-shredded roof of the Tampa Bay Rays' ballpark , initially voting narrowly for approval and hours later changing course. The reversal on fixing Tropicana Field came after the council voted to delay consideration of revenue bonds for a proposed new $1.3 billion Rays ballpark. Just two days before, the Pinellas County Commission postponed a vote on its share of the new stadium bonds, leaving that project in limbo. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.

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