Business
EarthLabs Reports Results for the Second Quarter of 2025
Advertising revenue up 10.5% for the quarter YoY to $1.6 million and up 11.5% to $3.2 million for...
About this update from Earthlabs Inc
[{"type":"text","content":"EarthLabs Reports Results for the Second Quarter of 2025Advertising revenue up 10.5% for the quarter YoY to $1.6 million and up 11.5% to $3.2 million for the six months ended June 30, 2025.Subscription revenue increased 4.1% for the quarter YoY and up 3.2% to $624,020 for the six months ended June 30, 2025.Net investment gains of $6.5 million for the quarter and $8.6 million for the six months ended June 30, 2025, from our investment portfolio.Ended the quarter with total cash, cash equivalents, and investments of $45.0 million.Toronto, Ontario--(Newsfile Corp. - August 21, 2025) - EarthLabs Inc. (TSXV: SPOT) (OTCQX: SPOFF) (FSE: 8EK0) (\"EarthLabs\" or the \"Company\") is pleased to announce the unaudited consolidated financial results for three and six months ended June 30, 2025 of the Company (the \"Financial Results\").Highlights for the three-months period ended June 30, 2025:Advertising revenue of $1,596,690 as compared to $1,444,784 for the three months ended June 30, 2024, an increase of 10.5%; Subscription revenue of $312,928 as compared to $300,734 for the three months ended June 30, 2024, an increase of 4.1%;Net investment gains of $6,541,465 from our investment portfolio as compared to Net investment losses of $427,144 for the three months ended June 30, 2024; Net income and comprehensive income of $5,215,580 (basic earnings per share of $0.04) as compared to net loss and comprehensive loss of $1,962,457 (basic loss per share of $0.01) for the three months ended June 30, 2024. Highlights for the six-months period ended June 30, 2025:Completed the six-month period with total cash and cash equivalents, due from brokers, investments and equity investments of $45,046,593 as compared to $39,234,437, an increase of 14.8%, as at December 31, 2024;Advertising revenue of $3,189,255 as compared to $2,860,470 for the six months ended June 30, 2024, an increase of 11.5%; Subscription revenue of $624,020 as compared to $604,607 for the six months ended June 30, 2024, an increase of 3.2%;Net investment gains of $8,563,558 from our investment portfolio as compared to $2,883,228 for the six months ended June 30, 2024; Net income and comprehensive income of $5,437,554 (basic earnings per share of $0.04) as compared to Net loss and comprehensive loss of $356,571 (basic loss per share of $0.00) for the six months ended June 30, 2024. \...