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phil k Audio series platform Pocket FM achieves over 500% revenue surge globally 11-27-2024 10:30 PM CET | Leisure, Entertainment, Miscellaneous Press release from: ABNewswire Clocked $127.05 million in revenue, losses down 21%; Inches Closer to Profitability Los Angeles - November 27, 2024 - Audio series platform Pocket FM has reported a strong financial performance for FY 2024, achieving a global revenue of $127.05 million, a remarkable 496% increase from $21.3 in FY 2023. With a strong focus on operational efficiency and profitability, the company reduced its global losses by 21%, from $25.19 million in FY 2023 to $19.95 million in FY 2024, while making significant progress toward profitability. Key Highlights of FY 2024 Financial Performance: * Subscription Revenue: Witnessed an exponential increase in its microtransaction-led subscription revenue from $19.33 million in FY 2023 to $112.89 million in FY 2024, emphasizing Pocket FM's success towards building a strong community of paid users. * Advertising Revenue: Grew over 7X, from $1.51 million to $10.79 million. * Expenses-to-Earnings Ratio: Improved from 2.18 in FY 2023 to 1.16 in FY 2024, showcasing the company's strong focus on operational efficiency. * Profitability Trend: Losses narrowed by 21%, from $25.19 million in FY 2023 to $19.95 million in FY 2024, demonstrating disciplined growth and strategic investments. Audio Series - the Next Big Entertainment Innovation Pocket FM's global success is built on its innovative approach to audio storytelling, redefining the entertainment experience through serialized audio series. With a commitment to discovering and bringing unique, unheard stories to life, Pocket FM has created a library of blockbuster content. Over 30 audio series have achieved revenue milestones of million-dollar each, including seven that have crossed $10 million. Key Operational Highlights - for 2024: * Over 100 billion minutes of streaming, powered by its 200-million listener community. * Driven by its microtransactions approach, the platform has registered over 45 million transactions * Over 40,000 AI audio series have contributed to over $3 million in revenue. Global Expansion and Leadership Pocket FM's global footprint continues to expand, with strongholds in markets like the US and India and recent forays into Europe and Latin America. Strategic investments in content, technology, and user acquisition are fueling exponential growth, positioning the company as a global entertainment leader. Shaping the Future of Entertainment As Pocket FM inches closer to profitability and strengthens its global presence, its unwavering focus on innovation, disciplined growth, and operational efficiency continues to set new benchmarks in the entertainment industry. The company's vision of creating immersive, scalable, and profitable entertainment experiences remains on a clear upward trajectory. "This growth reflects our relentless efforts to redefine the entertainment landscape," said Anurag Sharma, CFO, Pocket FM. "With a sharp focus on leveraging AI, we are not only enhancing operational efficiency but also creating smarter processes that optimize content delivery and monetization. Our vision remains clear: to establish Pocket FM as a global entertainment platform that consistently pushes the boundaries of content experiences." About Pocket FM: Pocket FM is the world's largest audio series platform, with a global community of over 200 million listeners. The company has redefined audio storytelling by pioneering the audio series category and bringing it into mainstream entertainment with its episodic storytelling format. This innovative approach has fostered binge-listening behavior, with the platform seeing an average of over 115 minutes of daily listener time. Pocket FM offers more than 35,000 audio series, powered by a community of 250,000+ writers worldwide. Available on iOS and Android, click here [ https://click.pocketfm.in/whkH/ihnemvj0 ] to download Pocket FM. For more information, please get in touch with communications@pocketfm.com [mailto:communications@pocketfm.com] Media Contact Company Name: Pocket FM Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=audio-series-platform-pocket-fm-achieves-over-500-revenue-surge-globally ] Country: United States Website: https://pocketfm.com/us This release was published on openPR.Massad Boulos, hailed as a billionaire lawyer advising Trump on Middle East policy, probably isn’t a lawyer or a billionaireDrone operators worry that anxiety over mystery sightings will lead to new restrictions

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TikTok's future uncertain after appeals court rejects its bid to overturn possible US ban A federal appeals court panel on Friday unanimously upheld a law that could lead to a ban on TikTok in a few short months, handing a resounding defeat to the popular social media platform as it fights for its survival in the U.S. The U.S. Court of Appeals for the District of Columbia Circuit ruled that the law - which requires TikTok to break ties with its China-based parent company ByteDance or be banned by mid-January - is constitutional, rebuffing TikTok’s challenge that the statute ran afoul of the First Amendment and unfairly targeted the platform. TikTok and ByteDance — another plaintiff in the lawsuit — are expected to appeal to the Supreme Court. Police believe gunman who killed UnitedHealthcare CEO has left New York City NEW YORK (AP) — Police officials believe the gunman who killed the CEO of the largest U.S. health insurer may have fled the city on a bus. Video of the suspected shooter leaving the scene of Wednesday's shooting of UnitedHealthcare CEO Brian Thompson showed him riding a bicycle to Central Park and later taking a taxi cab to a bus depot, the chief of detectives told CNN on Friday. The police commissioner said investigators believe he left New York City. The gunman made sure to conceal his identity with a mask during the shooting yet left a trail of evidence in view of the nation’s biggest city and its network of security cameras. The reason for the killing remains unknown. Trump offers a public show of support for Pete Hegseth, his embattled nominee to lead the Pentagon WASHINGTON (AP) — President-elect Donald Trump is offering a public show of support for Pete Hegseth, his embattled choice to lead the Pentagon. Hegseth's ability to win confirmation by the Senate is wavering as he faces questions over allegations of excessive drinking, sexual assault and his views on women in combat. Trump posted on social media that Hegseth is a winner “and there is nothing that can be done to change that.” Hegseth spent much of the week on Capitol Hill trying to salvage his Cabinet nomination and reassure Republican senators that he is fit to lead the Pentagon. IAEA chief: Iran is poised to 'quite dramatically' increase stockpile of near weapons-grade uranium MANAMA, Bahrain (AP) — Iran is poised to “quite dramatically” increase its stockpile of near weapons-grade uranium. That's according to comments by the head of the International Atomic Energy Agency on Friday. Rafael Mariano Grossi spoke in Bahrain, on the sidelines of the International Institute of Strategic Studies’ Manama Dialogue. He says Iran had begun preparing advanced centrifuge cascades to spin at nuclear facilities to increase its supply of 60% enriched uranium. That kind of material is a short, technical step away from weapons-grade levels of 90%. Grossi says this is “very concerning." Iran did not immediately acknowledge the preparations, which Grossi said had begun on Friday. Inspectors hope to examine what’s going on. US added a strong 227,000 jobs in November in bounce-back from October slowdown WASHINGTON (AP) — America’s job market rebounded in November, adding 227,000 workers in a solid recovery from the previous month, when the effects of strikes and hurricanes had sharply diminished employers’ payrolls. Last month’s hiring growth was up considerably from a meager gain of 36,000 jobs in October. The government also revised up its estimate of job growth in September and October by a combined 56,000. Friday’s report also showed that the unemployment rate ticked up from 4.1% in October to a still-low 4.2%. The November data provided the latest evidence that the U.S. job market remains durable even though it has lost significant momentum from the 2021-2023 hiring boom, when the economy was rebounding from the pandemic recession. Trump taps forceful ally of hard-line immigration policies to head Customs and Border Protection WASHINGTON (AP) — President-elect Donald Trump's immigration and border team is filling out. Trump has announced a former Border Patrol chief, Rodney Scott, to head the Customs and Border Protection agency. Scott is a career Border Patrol agent who rose to head the agency during Trump's first term. He's been a vocal supporter of tougher enforcement measures. At CBP he'll head a department of roughly 60,000 employees responsible for protecting the country’s borders while also facilitating trade and travel. Trump also said he’d nominate Caleb Vitello as acting director of Immigration and Customs Enforcement, the agency that, among other things, arrests migrants in the U.S. illegally. Vitello is a career ICE official with more than 23 years in the agency. 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Crews recover the body of a woman from a Pennsylvania sinkhole after a 4-day search Police say the remains of a woman who fell into a sinkhole have been recovered four days after she went missing while searching for her cat. Trooper Steve Limani said Friday that the body of 64-year-old Elizabeth Pollard is being taken to the Westmoreland County Coroner’s Office for an autopsy. Pollard disappeared while looking for her cat on Monday evening, and authorities found her car close to what is thought to be a newly opened sinkhole above a long abandoned coal mine a few hours later. The sinkhole is in the village of Marguerite, about 40 miles east of Pittsburgh. Judge urges NYC subway chokehold jury to keep deliberating after it struggles to reach verdict NEW YORK (AP) — The judge in Daniel Penny’s subway chokehold manslaughter trial has urged jurors to continue their deliberations after they told him they couldn’t reach a unanimous vote on the top charge. The panelists sent Judge Maxwell Wiley a note in the morning stating they were unable to agree on a verdict on the manslaughter charge. Penny is facing charges of manslaughter and criminally negligent homicide in the death of Jordan Neely, who Penny held in a chokehold for about six minutes on a New York City subway in 2023. Penny’s lawyers say he was protecting himself and others. Prosecutors say Penny reacted too forcefully to someone he perceived as a peril, not a person. Vance tells residents in hurricane-stricken North Carolina that they haven't been forgotten FAIRVIEW, N.C. (AP) — Vice President-elect JD Vance is surveying hurricane damage in western North Carolina in one of his first public appearances since the November election. Vance and his wife, Usha, visited the Fairview Volunteer Fire Department, which was flooded with 4 to 6 inches of water in the storm. They heard that roughly a dozen people contracted walking pneumonia while responding to the hurricane's destruction and that power outages prevented some first responders from talking with their families. Vance said, “My simple message to the people of Appalachia is that we haven’t forgotten you — we love you.” Vance has largely stayed out of the public eye since the election aside from shepherding Trump’s Cabinet nominees around Capitol Hill.Pam Bondi, Trump's pick for attorney general, praised as 'loyal' and 'qualified' for top US prosecutor role

NEW YORK, Nov. 26, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Wolfspeed, Inc. (NYSE: WOLF). Shareholders who purchased shares of WOLF during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/wolfspeed-loss-submission-form/?id=113426&from=3 CLASS PERIOD: August 16, 2023 to November 6, 2024 ALLEGATIONS: According to the complaint, defendants provided the public with revenue projections that depended on Wolfspeed’s Mohawk Valley fabrication facility ramping its production to meet and/or exceed demand for its 200mm wafer product. On November 6, 2024, Wolfspeed announced its financial results for the first quarter of fiscal year 2025 and unveiled guidance for the second quarter well below expectations. While defendants had repeatedly claimed that 20% utilization of the Mohawk Valley fabrication facility would result in $100 million revenue out of the facility, defendants now guided to a range 30% to 50% below that mark. The Company attributed its results and lowered guidance to “demand ... ramp[ing] more slowly than we originally anticipated” as “EV customers revise their launch time lines as the market works though this transition period.” Investors and analysts reacted immediately to Wolfspeed’s revelation. The price of Wolfspeed’s common stock declined dramatically. From a closing market price of $13.71 per share on November 6, 2024, Wolfspeed’s stock price fell to $8.33 per share on November 7, 2024, a decline of about 39.24% in the span of just a single day. DEADLINE: January 17, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/wolfspeed-loss-submission-form/?id=113426&from=3 NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of WOLF during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is January 17, 2025. There is no cost or obligation to you to participate in this case. WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: The Gross Law Firm 15 West 38th Street, 12th floor New York, NY, 10018 Email: dg@securitiesclasslaw.com Phone: (646) 453-8903GivingTuesday estimates $3.6B was donated this year, an increase from 2023