Connect with us

Technology

DouYu International Holdings Limited Reports First Quarter 2024 Unaudited Financial Results

Published

on

WUHAN, China, June 5, 2024 /PRNewswire/ — DouYu International Holdings Limited (“DouYu” or the “Company”) (Nasdaq: DOYU), a leading game-centric live streaming platform in China and a pioneer in the eSports value chain, today announced its unaudited financial results for the first quarter ended March 31, 2024.

First Quarter 2024 Financial and Operational Highlights

Total net revenues in the first quarter of 2024 were RMB1,039.7million (US$144.0 million), compared with RMB1,483.1 million in the same period of 2023.Gross profit in the first quarter of 2024 was RMB109.0 million (US$15.1million), compared with RMB176.5 million in the same period of 2023.Net loss in the first quarter of 2024 was RMB88.0 million (US$12.2 million), compared with net income of RMB14.5 million in the same period of 2023.Adjusted net loss[1] in the first quarter of 2024 was RMB 85.7 million (US$11.9 million), compared with adjusted net income of RMB25.8 million in the same period of 2023.Average mobile MAUs[2] in the first quarter of 2024 were 45.3 million, compared with 50.2 million in the same period of 2023.The number of quarterly average paying users[3] in the first quarter of 2024 was 3.4 million, compared with 4.5 million in the same period of 2023.

The interim management committee of DouYu commented, “In the first quarter of 2024, we continued to work on the diversification of our commercialization capabilities and streamlined operations by optimizing our organizational structure and fine-tuning operating strategies. Our priority is elevating user experience and meeting our core users’ needs with a steady stream of premium content. We are doing this by harnessing the power of our streamer resources and content ecosystem and actively exploring cooperation opportunities with more game developers to enrich our gaming service lineup. However, we continue to face macroeconomic headwinds and challenging industry dynamics, and remain dedicated to protecting our shareholders’ long-term interests by executing our long-term strategy for developing a vibrant, diverse, game-centric content ecosystem. We consistently maximize the competitive edges of our extensive gaming ecosystem, agile operational mechanisms and close cooperation with game developers to propel our platform’s long-term, sustainable growth.”

Mr. Hao Cao, Vice President of DouYu, commented, “We reinforced our streamlined operations, ensuring the financial health of our business. While we shore up our fundamentals, we continue to face revenue pressures from soft macroeconomic conditions and ongoing adjustments to the livestreaming business, as well as operating uncertainties. In the first quarter of 2024, we made encouraging developments across our commercial diversification initiatives that improved our revenue mix. Revenue from advertising and others amounted to RMB 238.8 million, contributing 23.0% of our total revenue, a significant increase from 7.7% in the same period of 2023. Moving forward, we will increase our efforts to diversify our revenue streams and strengthen our solid foundation to drive the Company’s healthy growth and deliver enduring value to our shareholders.”

In connection with investigations by relevant government authorities against certain third-party streamers for their historical illegal activities, the Company voluntarily returned RMB111.7 million of gain that was related to these streamers’ historical illegal activities to the relevant government authorities (the “Voluntary Return”) this week. Pursuant to PRC law, the Company is not entitled to retain gains related to streamers’ illegal activities. As a result, the Company elected to make the Voluntary Return, which has been recorded as an operating expense. The Voluntary Return has no material impact on our business operations and we continue to maintain normal business operations. The Company is not the target of any legal proceedings or investigations in connection with the historical illegal activities of these third-party streamers. There remain uncertainties regarding future developments or regulatory investigations into streamers’ historical illegal activities. The Company will continue to fully cooperate with authorities and remains committed to upholding regulatory compliance on its platform.

First Quarter 2024 Financial Results

Total net revenues in the first quarter of 2024 decreased by 29.9% to RMB1,039.7million (US$144.0 million), compared with RMB1,483.1 million in the same period of 2023.

Livestreaming revenues in the first quarter of 2024 decreased by 41.5% to RMB800.9 million (US$110.9 million) from RMB1,369.0 million in the same period of 2023. The decrease was primarily due to the soft macroeconomic condition and our planned reduction in revenue-generating promotions during the first quarter in light of the seasonality, leading to a year-over-year decrease in total paying users.

Advertising and other revenues in the first quarter of 2024 increased by 109.3% to RMB238.8 million (US$33.1 million) from RMB114.1 million in the same period of 2023. The increase was primarily driven by an increase in other revenues generated through our other innovative business, such as voice-based social networking service.

Cost of revenues in the first quarter of 2024 decreased by 28.8% to RMB930.7 million (US$128.9 million) from RMB1,306.6 million in the same period of 2023.

Revenue-sharing fees and content costs in the first quarter of 2024 decreased by 37.7% to RMB675.1 million (US$93.5 million) from RMB1,084.4 million in the same period of 2023. The decrease was primarily due to a decrease in revenue-sharing fees aligned with decreased livestreaming revenues, as well as a decline in content costs resulting from improved cost management in streamer payments and self-produced content.

Bandwidth costs in the first quarter of 2024 decreased by 33.7% to RMB82.5 million (US$11.4 million) from RMB124.5 million in the same period of 2023.The decline was primarily due to a year-over-year decrease in peak bandwidth usage.

Gross profit in the first quarter of 2024 was RMB109.0 million (US$15.1 million), compared with RMB176.5 million in the same period of 2023. The decline in gross profit was primarily attributable to a decrease in livestreaming revenues and an increase in other costs related to the development of innovative business. Gross margin in the first quarter of 2024 was 10.5%, compared with 11.9% in the same period of 2023.

Sales and marketing expenses in the first quarter of 2024 decreased by 16.6% to RMB75.6 million (US$10.5 million) from RMB90.7 million in the same period of 2023. The decrease was mainly attributable to a decrease in staff-related expenses.

Research and development expenses in the first quarter of 2024 decreased by 25.0% to RMB54.2 million (US$7.5 million) from RMB72.3 million in the same period of 2023. The decrease was primarily due to a decrease in staff-related expenses.

General and administrative expenses in the first quarter of 2024 decreased by 28.4% to RMB42.8 million (US$5.9 million) from RMB59.8 million in the same period of 2023. The decrease was primarily due to a decrease in staff-related expenses.

Other operating expenses, net in the first quarter of 2024 were RMB103.4 million (US$14.3 million) and included a RMB111.7 million of the Voluntary Return, compared with other operating income of RMB19.0 million in the same period of 2023.

Loss from operations in the first quarter of 2024 was RMB166.9 million (US$23.1 million), compared with RMB27.3 million in the same period of 2023.

Net loss in the first quarter of 2024 was RMB88.0 million (US$12.2 million), compared with net income of RMB14.5 million in the same period of 2023.

Adjusted net loss, which excludes the share of income (loss) in equity method investments, gain on disposal of investment and impairment loss of investments, was RMB85.7 million (US$11.9 million) in the first quarter of 2024, compared with adjusted net income of RMB25.8 million in the same period of 2023.

Basic and diluted net loss per ADS[4] in the first quarter of 2024 were both RMB2.77 (US$0.38). Adjusted basic and diluted net loss per ADS in the first quarter of 2024 were both RMB2.69 (US$0.37).

Cash and cash equivalents, restricted cash and bank deposits

As of March 31, 2024, the Company had cash and cash equivalents, restricted cash, restricted cash in other non-current assets, and short-term and long-term bank deposits of RMB6,762.2 million (US$936.6 million), compared with RMB6,855.5 million as of December 31, 2023.

Updates of Share Repurchase Program

On December 28, 2023, the Company announced that its board of directors had authorized a share repurchase program under which the Company may repurchase up to US$20 million of its ordinary shares in the form of ADSs during a period of up to 12 months commencing on January 1, 2024. As of March 31, 2024, the Company had repurchased an aggregate of US$2.7 million of its ADSs in the open market under this program, and we expect to expedite the repurchase activity in the second quarter of 2024.

Renewal of Framework Agreement with Tencent

On June 4, 2024, the Company and Tencent further renewed our strategic cooperation agreement (the “SCFM”), which initially became effective on January 31, 2018 and was subsequently replaced by the Amended and Restated SCFM dated April 1, 2019. The renewed SCFM had substantially the same terms as the Amended and Restated SCFM and extended the term for another three years.

Conference Call Information

The Company will hold a conference call on June 5, 2024, at 7:00 a.m. Eastern Time (or 7:00 p.m. Beijing Time on the same day) to discuss the financial results. Listeners may access the call by dialing the following numbers:

International:

+1-412-317-6061

United States Toll Free:

+1-888-317-6003

Mainland China Toll Free:

4001-206115

Hong Kong Toll Free:

800-963976

Singapore Toll Free:

800-120-5863

Conference ID:

3768185

The replay will be accessible through June 12, 2024, by dialing the following numbers:

International:

+1-412-317-0088

United States Toll Free:

+1-877-344-7529

Conference ID:

5832581

A live and archived webcast of the conference call will also be available at the Company’s investor relations website at http://ir.douyu.com.

[1] “Adjusted net loss” is defined as net loss excluding share of income (loss) in equity method investments, gain on disposal of investment, impairment loss of investments and impairment loss of goodwill and intangible assets. For more information, please refer to “Use of Non-GAAP Financial Measures” and “Reconciliations of GAAP and Non-GAAP Results” at the end of this press release.

[2] Refers to the number of mobile devices that launched our mobile apps in a given period. Average mobile MAUs for a given period is calculated by dividing (i) the sum of active mobile users for each month of such period, by (ii) the number of months in such period.

[3] “Quarterly average paying users” refers to the average paying users for each quarter during a given period of time calculated by dividing (i) the sum of paying users for each quarter of such period, by (ii) the number of quarters in such period. “Paying user” refers to a registered user that has purchased virtual gifts on our platform at least once during the relevant period.

[4] Every one ADS represents one ordinary share for the relevant period and calendar year.

About DouYu International Holdings Limited

Headquartered in Wuhan, China, DouYu International Holdings Limited (Nasdaq: DOYU) is a leading game-centric live streaming platform in China and a pioneer in the eSports value chain. DouYu operates its platform on both PC and mobile apps to bring users access to immersive and interactive games and entertainment livestreaming, a wide array of video and graphic contents, as well as opportunities to participate in community events and discussions. By nurturing a sustainable technology-based talent development system and relentlessly producing high-quality content, DouYu consistently delivers premium content through the integration of livestreaming, video, graphics, and virtual communities with a primary focus on games, especially on eSports. This enables DouYu to continuously enhance its user experience and pursue long-term healthy development. For more information, please see http://ir.douyu.com.

Use of Non-GAAP Financial Measures

Adjusted operating income (loss) is calculated as operating income (loss) adjusted for impairment loss of goodwill and intangible assets. Adjusted net income (loss) is calculated as net income (loss) adjusted for share of income (loss) in equity method investments, gain on disposal of investment, impairment loss of investments, and impairment loss of goodwill and intangible assets. Adjusted net income (loss) attributable to DouYu is calculated as net income (loss) attributable to DouYu adjusted for share of income (loss) in equity method investments, gain on disposal of investment, impairment loss of investments, and impairment loss of goodwill and intangible assets. Adjusted basic and diluted net income per ordinary share is non-GAAP net income attributable to ordinary shareholders divided by weighted average number of ordinary shares used in the calculation of non-GAAP basic and diluted net income per ordinary share. The Company adjusted the impact of (i) share of income (loss) in equity method investments, (ii) gain on disposal of investment, (iii) impairment loss of investments, (iv) impairment loss of goodwill and intangible assets to understand and evaluate the Company’s core operating performance. The non-GAAP financial measures are presented to enhance investors’ overall understanding of the Company’s financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with U.S. GAAP. Investors are encouraged to review the reconciliation of the historical non-GAAP financial measures to its most directly comparable GAAP financial measures. As non-GAAP financial measures have material limitations as analytical metrics and may not be calculated in the same manner by all companies, they may not be comparable to other similarly titled measures used by other companies. In light of the foregoing limitations, you should not consider non-GAAP financial measures as a substitute for, or superior to, such metrics in accordance with U.S. GAAP.

For more information on these non-GAAP financial measures, please see the table captioned “Reconciliations of Non-GAAP Results” near the end of this release.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB7.2203 to US$1.00, the noon buying rate in effect on March 29, 2024, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB amounts could have been, or could be, converted, realized or settled in U.S. dollars, at that rate on March 29, 2024, or at any other rate.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward- looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s results of operations and financial condition; the Company’s business strategies; general market conditions, in particular, the game live streaming market; the ability of the Company to retain and grow active and paying users; changes in general economic and business conditions in China; the impact of the COVID-19 to the Company’s business operations and the economy in China and globally; any adverse changes in laws, regulations, rules, policies or guidelines applicable to the Company; and assumptions underlying or related to any of the foregoing. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the Securities Exchange Commission. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

Investor Relations Contact

In China:

Lingling Kong

DouYu International Holdings Limited

Email: ir@douyu.tv

Tel: +86 (10) 6508-0677

 

Andrea Guo

Piacente Financial Communications

Email: douyu@tpg-ir.com

Tel: +86 (10) 6508-0677

 

In the United States:

Brandi Piacente

Piacente Financial Communications

Email: douyu@tpg-ir.com

Tel: +1-212-481-2050

 

Media Relations Contact

In China:

Lingling Kong

DouYu International Holdings Limited

Email: pr_douyu@douyu.tv

Tel: +86 (10) 6508-0677

 

 

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(All amounts in thousands, except share, ADS, per share and per ADS data)

As of December 31

As of March 31

2023

2024

2024

ASSETS

RMB

RMB

US$ (1)

Current assets:

Cash and cash equivalents

4,440,131

3,683,872

510,211

Short-term bank deposits

1,716,540

2,391,070

331,159

Accounts receivable, net

73,453

54,247

7,514

Prepayments

38,181

31,698

4,390

Amounts due from related parties

68,994

88,312

12,231

Other current assets

348,129

538,805

74,624

Total current assets

6,685,428

6,788,004

940,129

Property and equipment, net

13,808

9,218

1,277

Intangible assets, net

120,694

131,164

18,166

Long-term bank deposits

630,000

610,000

84,484

Investments

436,197

434,254

60,143

Right-of-use assets, net

22,792

9,686

1,341

Other non-current assets

163,184

158,324

21,928

Total non-current assets

1,386,675

1,352,646

187,339

TOTAL ASSETS

8,072,103

8,140,650

1,127,468

 

LIABILITIES AND SHAREHOLDERS’ EQUITY

LIABILITIES

Current liabilities:

Accounts payable

534,428

522,091

72,309

Advances from customers

12,911

8,962

1,241

Deferred revenue

315,969

292,346

40,489

Accrued expenses and other current liabilities

246,601

281,834

39,034

Amounts due to related parties

251,392

434,698

60,205

Lease liabilities due within one year

14,768

7,411

1,026

Total current liabilities

1,376,069

1,547,342

214,304

Deferred revenue

6,701

Lease liabilities

1,176

163

Total non-current liabilities

6,701

1,176

163

TOTAL LIABILITIES

1,382,770

1,548,518

214,467

(1) Translations of certain RMB amounts into U.S. dollars at a specified rate are solely for the convenience of the reader. Unless otherwise noted,
all translations from RMB to U.S. dollars are made at a rate of RMB7.2203 to US$1.00, the noon buying rate in effect on March 29, 2024, in the
H.10 statistical release of the Federal Reserve Board.

 

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)

(All amounts in thousands, except share, ADS, per share and per ADS data)

As of December 31

As of March 31

2023

2024

2024

RMB

RMB

US$ (1)

SHAREHOLDERS’ EQUITY

Ordinary shares

23

23

3

Treasury shares

(911,217)

(930,830)

(128,918)

Additional paid-in capital

10,670,287

10,670,287

1,477,818

Accumulated deficit

(3,485,007)

(3,572,960)

(494,849)

Accumulated other comprehensive income

415,247

425,612

58,947

Total DouYu Shareholders’ Equity

6,689,333

6,592,132

913,001

Total Shareholders’ Equity

6,689,333

6,592,132

913,001

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

8,072,103

8,140,650

1,127,468

(1) Translations of certain RMB amounts into U.S. dollars at a specified rate are solely for the convenience of the reader. Unless otherwise noted,
all translations from RMB to U.S. dollars are made at a rate of RMB7.2203 to US$1.00, the noon buying rate in effect on March 29, 2024, in the
H.10 statistical release of the Federal Reserve Board.

 

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)

(All amounts in thousands, except share, ADS, per share and per ADS data)

Three Months Ended

March 31,

December 31,

March 31,

March 31,

2023

2023

2024

2024

RMB

RMB

RMB

US$(1)

Net revenues

1,483,060

1,295,962

1,039,684

143,995

Cost of revenues

(1,306,594)

(1,169,712)

(930,678)

(128,897)

Gross profit

176,466

126,250

109,006

15,098

Operating income (expense)

Sales and marketing expenses

(90,686)

(83,998)

(75,570)

(10,466)

General and administrative expenses

(59,793)

(80,031)

(42,797)

(5,927)

Research and development expenses

(72,311)

(59,072)

(54,150)

(7,500)

Other operating income (expense), net

19,046

(9,618)

(103,428)

(14,325)

Impairment of goodwill

(13,967)

Total operating expenses

(203,744)

(246,686)

(275,945)

(38,218)

Loss from operations

(27,277)

(120,436)

(166,939)

(23,120)

Other expenses, net

(8,000)

(21,844)

Interest income

54,426

82,556

81,094

11,231

Foreign exchange (loss) income

(1,396)

(122)

153

21

Income (loss) before income taxes and share of (loss)
  income in equity method investments

17,753

(59,846)

(85,692)

(11,868)

Income tax expenses

(1,069)

Share of (loss) income in equity method investments

(3,236)

(1,310)

(2,261)

(313)

Net income (loss)

14,517

(62,225)

(87,953)

(12,181)

Net income (loss) attributable to ordinary
  shareholders of the Company

14,517

(62,225)

(87,953)

(12,181)

Net income (loss) per ordinary share

Basic

0.45

(1.95)

(2.77)

(0.38)

Diluted

0.45

(1.95)

(2.77)

(0.38)

Net income (loss) per ADS(2)

Basic

0.45

(1.95)

(2.77)

(0.38)

Diluted

0.45

(1.95)

(2.77)

(0.38)

Weighted average number of ordinary shares used in calculating net income (loss) per ordinary share

Basic

32,023,551

31,977,665

31,807,180

31,807,180

Diluted

32,023,551

31,977,665

31,807,180

31,807,180

Weighted average number of ADS used in calculating net income (loss) per ADS(2)

Basic

32,023,551

31,977,665

31,807,180

31,807,180

Diluted

32,023,551

31,977,665

31,807,180

31,807,180

(1) Translations of certain RMB amounts into U.S. dollars at a specified rate are solely for the convenience of the reader. Unless otherwise noted, all translations
from RMB to U.S. dollars are made at a rate of RMB7.2203 to US$1.00, the noon buying rate in effect on March 29, 2024, in the H.10 statistical release of the
Federal Reserve Board.
(2) Every one ADS represents
one ordinary share. 

 

RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS

(All amounts in thousands, except share, ADS, per share and per ADS data)

Three Months Ended

March 31,

December 31,

March 31,

March 31,

2023

2023

2024

2024

RMB

RMB

RMB

US$(1)

Loss from operations

(27,277)

(120,436)

(166,939)

(23,120)

Add:

Impairment of goodwill and intangible assets

34,035

Adjusted Operating Loss

(27,277)

(86,401)

(166,939)

(23,120)

Net income (loss)

14,517

(62,225)

(87,953)

(12,181)

Add:

Share of loss in equity method investments

3,236

1,310

2,261

313

Impairment losses of investments

8,000

21,844

Impairment losses of goodwill and intangible assets

34,035

Adjusted net income (loss)

25,753

(5,036)

(85,692)

(11,868)

Net income (loss) attributable to DouYu

14,517

(62,225)

(87,953)

(12,181)

Add:

Share of loss in equity method investments

3,236

1,310

2,261

313

Impairment losses of investments

8,000

21,844

Impairment losses of goodwill and intangible assets

34,035

Adjusted net income (loss) attributable to DouYu

25,753

(5,036)

(85,692)

(11,868)

Adjusted net income (loss) per ordinary share

Basic

0.80

(0.16)

(2.69)

(0.37)

Diluted

0.80

(0.16)

(2.69)

(0.37)

Adjusted net income (loss) per ADS(2)

Basic

0.80

(0.16)

(2.69)

(0.37)

Diluted

0.80

(0.16)

(2.69)

(0.37)

Weighted average number of ordinary shares used in calculating adjusted net income (loss) per ordinary share

Basic

32,023,551

31,977,665

31,807,180

31,807,180

Diluted

32,023,551

31,977,665

31,807,180

31,807,180

Weighted average number of ordinary shares used in calculating adjusted net income (loss) per ADS(2)

Basic

32,023,551

31,977,665

31,807,180

31,807,180

Diluted

32,023,551

31,977,665

31,807,180

31,807,180

(1) Translations of certain RMB amounts into U.S. dollars at a specified rate are solely for the convenience of the reader. Unless otherwise noted, all translations
from RMB to U.S. dollars are made at a rate of RMB7.2203 to US$1.00, the noon buying rate in effect on March 29, 2024, in the H.10 statistical release of
the Federal Reserve Board.
(2) Every one ADS represents one ordinary share.

 

View original content:https://www.prnewswire.com/news-releases/douyu-international-holdings-limited-reports-first-quarter-2024-unaudited-financial-results-302164522.html

SOURCE DouYu International Holdings Limited

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Lena Johnson Named President of National Brokerage for Douglas Elliman Realty

Published

on

By

Luxury brand executive and real estate industry veteran to lead national brokerage operations and accelerate Douglas Elliman’s leadership in the high-end market

NEW YORK, April 28, 2026 /PRNewswire/ — Douglas Elliman Realty, the preeminent luxury residential real estate brokerage in the United States, today announced the appointment of Lena Johnson as President of National Brokerage. Based at the firm’s New York City headquarters at 575 Madison Avenue in Manhattan, Johnson will lead brokerage operations nationally with a strategic mandate to further strengthen the firm’s position in the global luxury real estate market, elevate agent performance, and deliver a distinctly differentiated experience for both agents and clients. She will report directly to Douglas Elliman Inc. President & CEO Michael S. Liebowitz.

“Lena understands the luxury consumer at the highest level and has repeatedly built businesses that attract elite talent and deliver elevated client experiences,” said Michael S. Liebowitz. “Douglas Elliman has always stood apart through service, relationships, and excellence. Lena’s leadership strengthens that identity and positions us to lead the next era of luxury brokerage.”

Johnson joins Douglas Elliman with a career defined by leadership at brands synonymous with luxury, design, and high-touch client service. Her experience spans premier names in real estate, media, and lifestyle, where she has built platforms that resonate with sophisticated consumers and top-performing talent making her uniquely aligned with Douglas Elliman’s brand and vision.

“From my earliest conversations with Michael, it was clear we share the same vision for where the luxury market is headed and what agents need to succeed in it,” said Johnson. “Douglas Elliman has an extraordinary brand, unmatched heritage, and a powerful opportunity to further define the future of luxury real estate. By investing in our agents and delivering a more elevated, personalized experience, we can continue to be the brokerage of choice for the world’s most discerning clients.”

Johnson most recently served as Chief Marketing Officer at ONE Sotheby’s International Realty, where she led strategic marketing and brand strategy. Prior to that, she was VP of Marketing and Head of Luxury Division at Compass, where she built and led a 150-person in-house marketing and creative services agency. Earlier in her career, Johnson held senior leadership roles at Vogue, overseeing sales and marketing across the Americas, France, and the UK.

Johnson has emphasized accessibility and deep engagement with the firm’s agent community as a cornerstone of her leadership approach. Agents across all markets can expect close partnership, active collaboration, and meaningful investment in tools, support, and growth opportunities.

A key component of Johnson’s strategy will be leveraging Douglas Elliman’s scale and independence to create a differentiated value proposition in a competitive landscape. She sees the firm as uniquely positioned — not as a big-box brokerage, but as a brand with both heritage and agility that can deliver a more tailored and elevated experience than larger, more institutional competitors.

In her role, Johnson will also focus on expanding Douglas Elliman’s presence in key luxury growth markets globally, while continuing to strengthen its leadership in its established markets nationwide. Her mandate includes enhancing agent productivity, modernizing brokerage infrastructure, and attracting top-tier talent aligned with the firm’s long-term vision. She will work alongside the broader executive leadership team as the company executes on its strategy to accelerate growth and reinforce its position as the preeminent luxury residential real estate brokerage in the United States.

Johnson’s appointment underscores Douglas Elliman’s continued commitment to innovation, growth, and leadership in the global luxury real estate sector.

About Douglas Elliman Inc.
Douglas Elliman Inc. (NYSE: DOUG) owns Douglas Elliman Realty, LLC, which is one of the largest residential brokerage companies in the United States with operations in New York City, Long Island, Westchester, Connecticut, New Jersey, the Hamptons, Massachusetts, Florida, California, Texas, Colorado, Nevada, Maryland, Virginia, and Washington, D.C. In addition, Douglas Elliman Inc. provides other real estate services, including development marketing, mortgage as well as settlement and escrow services in select markets, and uses as well as invests in early-stage, disruptive property technology solutions and companies. Additional information concerning Douglas Elliman Inc. is available on its website, investors.elliman.com.

Investors and others should note that we may post information about Douglas Elliman Inc. on our website at investors.elliman.com or, if applicable, on our accounts on Facebook, Instagram, LinkedIn, TikTok, Twitter, YouTube or other social media platforms. It is possible that the postings or releases could include information deemed to be material information. Therefore, we encourage investors, the media and others interested in Douglas Elliman Inc. to review the information we post on our website at investors.elliman.com and on our social media accounts.

Forward-Looking and Cautionary Statements
This press release includes forward-looking statements within the meaning of the federal securities law. All statements other than statements of historical or current facts made in this press release are forward-looking. These statements include, but are not limited to, statements regarding the future growth, plans, strategies and results of Douglas Elliman Inc. We identify forward-looking statements in this press release by using words or phrases such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may be,” “continue” “could,” “potential,” “objective,” “plan,” “seek,” “predict,” “project” and “will be” and similar words or phrases or their negatives. Forward-looking statements reflect our current expectations and are inherently uncertain. Actual results could differ materially for a variety of reasons. Risks and uncertainties that could cause our actual results to differ significantly from our current expectations are described in our Annual Report on Form 10-K for the year ended December 31, 2025 and our Quarterly Reports on Form 10-Q filed thereafter. We undertake no responsibility to publicly update or revise any forward-looking statement, except as required by applicable law.

View original content to download multimedia:https://www.prnewswire.com/news-releases/lena-johnson-named-president-of-national-brokerage-for-douglas-elliman-realty-302756070.html

SOURCE Douglas Elliman

Continue Reading

Technology

Kaseya Unveils the First Agentic IT Management Platform – Turning Data into Autonomous Action

Published

on

By

Powered by Kaseya Intelligence, Kaseya’s platform combines the industry’s deepest real-world IT dataset with an execution layer that acts with accuracy

MIAMI, April 28, 2026 /PRNewswire/ — Kaseya, the leading global provider of AI-powered IT management and cybersecurity software, today introduced the first agentic IT management platform – powered by Kaseya Intelligence.

Unlike traditional IT management tools that surface insights for humans to act on, Kaseya’s platform combines comprehensive data across IT operations, cybersecurity, and cyber resilience with an execution layer that autonomously takes action – triaging tickets, containing threats, verifying backups, and optimizing workflows without manual intervention.

This is the core architectural difference. Every major technology vendor has added AI. But AI built on partial data and disconnected tools produces recommendations that are frequently inaccurate – creating more work, not less. Kaseya is the only platform with unified data spanning endpoints, help desks, security operations, and backup infrastructure, paired with the ability to execute across all systems from a single platform. The result is not just intelligence. It is accurate, autonomous action.

“The industry doesn’t need another AI feature bolted onto a disconnected tool,” said Rania Succar, Chief Executive Officer of Kaseya. “What MSPs and IT teams need is a platform that runs their operations – one that sees across every system, understands context, and acts autonomously. That’s what we’ve built. Kaseya Intelligence is the engine. The platform is the operating system. And the outcome is IT that manages itself.”

Why Only Kaseya Can Deliver This

Kaseya Intelligence is the engine at the core of the platform – built on more than 1 billion help desk tickets, 3 exabytes of backup data, and 17 million managed endpoints. This is not a general-purpose AI layer. It is a purpose-built system trained on real-world data at a scale no competitor can match.

But data alone is not enough. What separates Kaseya from the rest of the market is what happens after the AI thinks. Competitors surface a recommendation and hand it to a technician. Kaseya’s platform closes the loop – executing the action, validating the outcome, and learning from it. This is the difference between AI as a feature and AI as an operating system.

Today’s Announcements

The platform vision is already being delivered across three major releases announced today at Kaseya Connect Global:

Agentic Digital Specialists

The service delivery layer powered by Intelligence. Kaseya has introduced AI-powered Digital Specialists that autonomously handle high-volume IT tasks – starting with Ticket Triage, which automatically categorizes and routes tickets with high accuracy, reducing errors and accelerating resolution.

“20 to 30% of our tickets aren’t categorized correctly today,” said Koos Ligtenberg, Business Unit Director, Advisor ICT. “That creates all kinds of downstream issues – including billing inaccuracies. From what we’re seeing in early testing, we believe the Ticket Triage Digital Specialist will eliminate up to 80% of those errors. This is a huge deal for us.”

Kaseya’s Ticket Triage Digital Specialist is generally available today for Autotask Ultimate customers. Additional Digital Specialists spanning IT operations, cybersecurity, and cyber resilience will follow.

Unified Cyber Resilience

Kaseya has unified on-prem, SaaS, Endpoint, and Cloud backup into a single integrated portal – eliminating the fragmented tool sprawl that forces technicians to manage recovery across disconnected vendors. Powered by Kaseya Intelligence, the Unified Cyber Resilience Portal delivers actionable insights through connected workflows and intelligent prioritization, AI-driven screenshot verification with greater than 99.9% accuracy, and compliance coverage including FIPS capabilities and FedRAMP readiness.

Coverage is expanding further across cloud and virtualization. Azure Files support is now generally available, extending Azure VM protection to file shares and unstructured data – giving partners a cost-effective way to protect critical Azure workloads beyond a single-cloud environment. Agentless Hyper-V backup follows in June 2026, protecting virtual machines without individual agents to deploy or maintain.

Kaseya SIEM

Kaseya SIEM is now generally available – a purpose-built solution that delivers enterprise-grade security operations for MSPs and IT teams without the complexity and cost of traditional SIEM platforms. It unifies telemetry across endpoint, network, cloud, identity, and email, correlating signals from more than 60 data sources to detect and respond to threats across the full attack surface.

Unlike traditional SIEMs that require dedicated security engineers, or managed-only offerings that limit control, Kaseya SIEM gives IT teams enterprise-grade detection without enterprise-grade staffing. Cross-surface correlation shows technicians the full attack picture in one interface, without a specialist to parse it. Automated response contains threats in minutes, acting across systems instead of bouncing alerts back to a human. Tunable detection cuts noise, and 400-day log retention covers compliance out of the box. For customers who’d rather not run a SOC in-house, a 24/7 team of real security experts – accelerated by Kaseya Intelligence – delivers the coverage of a dedicated SOC without the burden of building one.

Accelerating Innovation

These releases reflect an accelerating pace of innovation, with more than 100 new features and enhancements delivered in the last 90 days. Kaseya Intelligence is embedded across the platform today and will continue to power new capabilities across IT operations, cybersecurity, and cyber resilience – moving the industry from tools that inform to a platform that acts.

About Kaseya

Kaseya is the leading global provider of AI-powered IT management and cybersecurity software, delivering an integrated platform that helps MSPs and businesses manage infrastructure, secure environments, protect data, and streamline operations. Trusted by more than 40,000 organizations worldwide, Kaseya enables customers to improve productivity, reduce complexity, and scale efficiently. To learn more, visit www.kaseya.com.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/kaseya-unveils-the-first-agentic-it-management-platform–turning-data-into-autonomous-action-302755503.html

SOURCE Kaseya

Continue Reading

Technology

Canary Speech Introduces Free Voice-Based Check-In for Consumers to Help Identify Early Signs of Mental Health Decline

Published

on

By

As gaps in early detection persist, a 45-second voice analysis offers a new way to identify signals of stress, anxiety, and depression during Mental Health Awareness Month

PROVO, Utah, April 28, 2026 /PRNewswire/ — Canary Speech, a leader in vocal biomarker technology, is introducing a free, voice-based check-in designed to help individuals better understand their mental well-being and identify potential early signs of stress, anxiety, and depression. The 45-second check-in offers a quick, private way for individuals to assess their mental well-being and identify potential early signals. Available at no cost through Mental Health Awareness Month, the tool can also be shared to encourage broader awareness and participation.

Mental health challenges affect a significant portion of the population, yet many cases still go unrecognized or untreated due to a lack of early detection. Nearly one in five U.S. adults lives with a mental illness each year, and only about half receive treatment, according to the National Institute of Mental Health, underscoring a persistent gap between need and care.

Subtle changes in speech patterns, tone, and cadence can reflect underlying mental health conditions, but these signals are frequently missed in everyday life. Canary Speech’s technology analyzes vocal characteristics using artificial intelligence to detect indicators associated with stress, anxiety, and depression. By translating voice data into measurable insights, the platform offers a new way to recognize changes that individuals may not be aware of.

“Too often, people don’t recognize changes in their mental health until symptoms begin to interfere with daily life,” said Henry O’Connell, CEO of Canary Speech. “Voice offers a natural, objective signal that can help identify those changes earlier. By making that insight accessible in a simple way, we can help more people take action sooner.”

This initiative reflects a broader shift toward proactive mental health monitoring, where early detection and ongoing awareness play a more central role in care. While voice-based analysis is not a replacement for clinical diagnosis, it can serve as an initial signal that prompts individuals to seek further evaluation and support. As conversations around mental health continue to evolve, Canary Speech aims to help close the gap between experiencing symptoms and recognizing them. By making these signals more visible and accessible, the company seeks to empower individuals to take a more active role in their mental health.

To learn more about Canary Speech, visit www.canaryspeech.com.

About Canary Speech

Canary Speech is a Utah-based, AI-powered voice biomarker health tech company, utilizing patented real-time vocal analysis to screen for mental health and neurological disorders. Canary’s technology swiftly captures and analyzes speech data, detecting behavioral and cognitive changes—including signs of anxiety, depression, and dementia—often before traditional clinical standards or noticeable symptoms. Recently, Canary Speech launched Canary Ambient™, an API-first solution for real-time voice analysis in healthcare and contact centers. This clinical decision support software provides actionable insights from patient-clinician conversations by tracking speech patterns for real-time assessments of cognitive and behavioral health conditions. Canary Speech advances speech and language applications across health systems, payers, and pharmaceutical markets.

Media Contact:

Caitlyn Brooksby, VP of Marketing
caitlyn@canaryspeech.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/canary-speech-introduces-free-voice-based-check-in-for-consumers-to-help-identify-early-signs-of-mental-health-decline-302756083.html

SOURCE Canary Speech

Continue Reading

Trending