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Enova Reports First Quarter 2025 Results

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Originations rose 26% and total company revenue increased 22% from the first quarter of 2024Diluted earnings per share of $2.69 increased 64% and adjusted earnings per share1 of $2.98 rose 56% compared to the first quarter of 2024Credit performance remained strong compared to a year ago with a stable net charge-off ratio of 8.6% and stable net revenue margin of 57%Year-over-year improvement in the consolidated 30+ day delinquency ratio of 7.7% and stability in the consolidated portfolio fair value premium of 115% reflect a stable credit outlookLiquidity, including cash and marketable securities and available capacity on facilities, totaled $1.1 billion at March 31Share repurchases during the quarter totaled $63 million

CHICAGO, April 29, 2025 /PRNewswire/ — Enova International (NYSE: ENVA), a leading financial services company powered by machine learning and world-class analytics, today announced financial results for the first quarter ended March 31, 2025. 

“We are pleased to deliver another quarter of strong financial results,” said David Fisher, Enova’s CEO. “Solid demand and stable credit across our products reflect the continued strength of our consumer and small business customers, who are benefitting from a strong labor market, wage growth and retail spending. While there has been recent volatility in the financial markets and questions about the direction of the economy, we are confident that our balanced growth strategy along with our diversified products, flexible online-only model, world-class risk management and technology and experienced team will allow us to adapt quickly to the operating environment to deliver profitable growth while effectively managing risk.”

First Quarter 2025 Summary

Total revenue of $746 million increased 22% from $610 million in the first quarter of 2024.Net revenue margin of 57% is consistent with the first quarter of 2024, reflecting continued solid credit performance.Net income of $73 million, or $2.69 per diluted share, increased 51% from $48 million, or $1.64 per diluted share, in the first quarter of 2024.Adjusted EBITDA1 of $190 million increased 27% from $149 million in the first quarter of 2024.Adjusted earnings per share1 of $2.98 increased 56% from $1.91 per diluted share in the first quarter of 2024.Total company combined loans and finance receivables1 increased 20% from the end of the first quarter of 2024 to a record $4.1 billion with total company originations of $1.7 billion in the quarter.Repurchased $63 million of common stock under the company’s share repurchase program.

“We delivered another quarter of solid top- and bottom-line results that exceeded our expectations,” said Steve Cunningham, CFO of Enova. “Our strong financial performance in the first quarter continues to demonstrate how the powerful combination of our diversified product offerings, scalable operating model, world-class risk management capabilities and balance sheet flexibility allow us to consistently deliver strong results.  We remain well positioned to successfully navigate a range of operating environments while delivering on our commitment to drive long term shareholder value through both continued investments in our business and opportunistic share repurchases.”

1 Non-GAAP measure. Refer to “Non-GAAP Financial Measures,” “Loans and Finance Receivables Financial and Operating Data,” and “Reconciliation of GAAP to Non-GAAP Financial Measures” below for additional information.

Conference Call

Enova will host a conference call to discuss its first quarter 2025 results at 4 p.m. Central Time / 5 p.m. Eastern Time today, April 29th. The live webcast of the call can be accessed at the Enova Investor Relations website at http://ir.enova.com, along with the company’s earnings press release and supplemental financial information. The U.S. dial-in for the call is 1-855-560-2575 (1-412-542-4161 for non-U.S. callers). Please ask to join the Enova International call. A replay of the conference call will be available until May 6, 2025, at 10:59 p.m. Central Time / 11:59 p.m. Eastern Time, while an archived version of the webcast will be available on the Enova International Investor Relations website for 90 days. The U.S. dial-in for the conference call replay is 1-877-344-7529 (1-412-317-0088). The replay access code is 9725416.

About Enova

Enova International (NYSE: ENVA) is a leading online financial services company that serves small businesses and consumers who are underserved by traditional banks. Over its 20-year history, Enova has provided over $61 billion in loans and financing to more than 12 million customers by offering a suite of market-leading products powered by the company’s world-class analytics, machine learning algorithms and proprietary technology. You can learn more about the company and its portfolio of businesses at www.enova.com.

Cautionary Statement Concerning Forward Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about the business, financial condition and prospects of Enova. These forward-looking statements give current expectations or forecasts of future events and reflect the views and assumptions of Enova’s senior management with respect to the business, financial condition and prospects of Enova as of the date of this release and are not guarantees of future performance. The actual results of Enova could differ materially from those indicated by such forward-looking statements because of various risks and uncertainties applicable to Enova’s business, including, without limitation, those risks and uncertainties indicated in Enova’s filings with the Securities and Exchange Commission (“SEC”), including our annual report on Form 10-K, quarterly reports on Forms 10-Q and current reports on Forms 8-K. These risks and uncertainties are beyond the ability of Enova to control, and, in many cases, Enova cannot predict all of the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. When used in this release, the words “believes,” “estimates,” “plans,” “expects,” “anticipates” and similar expressions or variations as they relate to Enova or its management are intended to identify forward-looking statements. Enova cautions you not to put undue reliance on these statements. Enova disclaims any intention or obligation to update or revise any forward-looking statements after the date of this release.

Non-GAAP Financial Measures

In addition to the financial information prepared in conformity with generally accepted accounting principles in the United States, or GAAP, Enova provides historical non-GAAP financial information. Enova presents non-GAAP financial information because such measures are used by management in understanding the activities and business metrics of Enova’s operations. Management believes that these non-GAAP financial measures reflect an additional way of viewing aspects of Enova’s business that, when viewed with its GAAP results, provide a more complete understanding of factors and trends affecting its business.

Management provides non-GAAP financial information for informational purposes and to enhance understanding of Enova’s GAAP consolidated financial statements. Readers should consider the information in addition to, but not instead of or superior to, Enova’s financial statements prepared in accordance with GAAP. This non-GAAP financial information may be determined or calculated differently by other companies, limiting the usefulness of those measures for comparative purposes.

Combined Loans and Finance Receivables
The combined loans and finance receivables measures are non-GAAP measures that include loans and finance receivables that Enova owns or has purchased and loans that Enova guarantees. Management believes these non-GAAP measures provide management and investors with important information needed to evaluate the magnitude of potential receivable losses and the opportunity for revenue performance of the loans and finance receivable portfolio on an aggregate basis. Management also believes that the comparison of the aggregate amounts from period to period is more meaningful than comparing only the amounts reflected on Enova’s consolidated balance sheet since revenue is impacted by the aggregate amount of receivables owned by Enova and those guaranteed by Enova as reflected in its consolidated financial statements.

Adjusted Earnings Measures
Enova provides adjusted earnings and adjusted earnings per share, or, collectively, the Adjusted Earnings Measures, which are non-GAAP measures. Management believes that the presentation of these measures provides investors with greater transparency and facilitates comparison of operating results across a broad spectrum of companies with varying capital structures, compensation strategies, derivative instruments and amortization methods, which can provide a more complete understanding of Enova’s financial performance, competitive position and prospects for the future. Management utilizes, and also believes that investors utilize, the Adjusted Earnings Measures to assess operating performance, recognizing that such measures may highlight trends in Enova’s business that may not otherwise be apparent when relying on financial measures calculated in accordance with GAAP. In addition, management believes that the Adjusted Earnings Measures are useful to management and investors in comparing Enova’s financial results during the periods shown without the effect of certain items that are not indicative of Enova’s core operating performance or results of operations.

Adjusted EBITDA Measures
Enova provides Adjusted EBITDA and Adjusted EBITDA margin, or, collectively, the Adjusted EBITDA measures, which are non-GAAP measures. Adjusted EBITDA is a non-GAAP measure that Enova defines as earnings excluding depreciation, amortization, interest, foreign currency transaction gains or losses, taxes, stock-based compensation and certain other items, as appropriate, that are not indicative of our core operating performance. Adjusted EBITDA margin is a non-GAAP measure that Enova defines as Adjusted EBITDA as a percentage of total revenue. Management utilizes, and also believes that investors utilize, Adjusted EBITDA Measures to analyze operating performance and evaluate Enova’s ability to incur and service debt and Enova’s capacity for making capital expenditures. Enova believes that Adjusted EBITDA is useful to management and investors in comparing Enova’s financial results during the periods shown without the effect of certain non-cash items and certain items that are not indicative of Enova’s core operating performance or results of operations. Adjusted EBITDA Measures are also useful to investors to help assess Enova’s estimated enterprise value.

ENOVA INTERNATIONAL, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(dollars in thousands, except per share data)

(Unaudited)

March 31,

December 31,

2025

2024

2024

Assets

Cash and cash equivalents

$

55,514

$

76,458

$

73,910

Restricted cash

256,342

152,469

248,758

Loans and finance receivables at fair value

4,569,819

3,795,210

4,386,444

Income taxes receivable

48,117

85,424

40,690

Other receivables and prepaid expenses

71,617

65,963

63,752

Property and equipment, net

124,791

111,678

119,956

Operating lease right-of-use assets

17,607

13,651

18,201

Goodwill

279,275

279,275

279,275

Intangible assets, net

8,937

16,991

10,951

Other assets

25,239

39,408

24,194

Total assets

$

5,457,258

$

4,636,527

$

5,266,131

Liabilities and Stockholders’ Equity

Accounts payable and accrued expenses

$

237,420

$

290,603

$

249,970

Operating lease liabilities

32,144

26,959

32,165

Deferred tax liabilities, net

233,693

127,887

223,590

Long-term debt

3,757,351

3,040,867

3,563,482

Total liabilities

4,260,608

3,486,316

4,069,207

Commitments and contingencies

Stockholders’ equity:

Common stock, $0.00001 par value, 250,000,000 shares authorized,
47,085,738, 46,193,337 and 46,520,916 shares issued and 25,559,390,
27,349,818 and 25,808,096 outstanding as of March 31, 2025 and
2024 and December 31, 2024, respectively

—

—

—

Preferred stock, $0.00001 par value, 25,000,000 shares authorized, no
shares issued and outstanding

—

—

—

Additional paid in capital

337,679

298,191

328,268

Retained earnings

1,770,699

1,536,734

1,697,754

Accumulated other comprehensive loss

(10,782)

(7,234)

(13,691)

Treasury stock, at cost (21,526,348, 18,843,519 and 20,712,820
shares as of March 31, 2025 and 2024 and December 31, 2024, respectively)

(900,946)

(677,480)

(815,407)

Total stockholders’ equity

1,196,650

1,150,211

1,196,924

Total liabilities and stockholders’ equity

$

5,457,258

$

4,636,527

$

5,266,131

 

ENOVA INTERNATIONAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(in thousands, except per share data)

(Unaudited)

Three Months Ended

March 31,

2025

2024

Revenue

$

745,541

$

609,889

Change in Fair Value

(319,359)

(264,023)

Net Revenue

426,182

345,866

Operating Expenses

Marketing

139,291

110,567

Operations and technology

62,462

54,379

General and administrative

42,464

39,865

Depreciation and amortization

10,061

10,263

Total Operating Expenses

254,278

215,074

Income from Operations

171,904

130,792

Interest expense, net

(80,544)

(65,597)

Foreign currency transaction loss

(452)

(48)

Equity method investment gain

120

—

Other nonoperating expenses

—

(492)

Income before Income Taxes

91,028

64,655

Provision for income taxes

18,083

16,227

Net income

$

72,945

$

48,428

Earnings Per Share

Earnings per common share:

Basic

$

2.84

$

1.72

Diluted

$

2.69

$

1.64

Weighted average common shares outstanding:

Basic

25,676

28,196

Diluted

27,104

29,503

 

ENOVA INTERNATIONAL, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW

(dollars in thousands)

(Unaudited)

Three Months Ended March 31,

2025

2024

Total cash flows provided by operating activities

$

391,144

$

348,563

Cash flows from investing activities

Loans and finance receivables

(496,715)

(431,959)

Capitalization of software development costs and purchases of fixed assets

(12,875)

(11,225)

Total cash flows used in investing activities

(509,590)

(443,184)

Cash flows provided by (used in) financing activities

107,327

(53,975)

Effect of exchange rates on cash, cash equivalents and restricted cash

307

84

Net (decrease) increase in cash, cash equivalents and restricted cash

(10,812)

148,512

Cash, cash equivalents and restricted cash at beginning of year

322,668

377,439

Cash, cash equivalents and restricted cash at end of period

$

311,856

$

228,927

 

ENOVA INTERNATIONAL, INC. AND SUBSIDIARIES
LOANS AND FINANCE RECEIVABLES FINANCIAL AND OPERATING DATA
(dollars in thousands)

The following table includes financial information for loans and finance receivables, which is based on loan and finance receivable balances for the three months ended March 31, 2025 and 2024.

Three Months Ended March 31,

2025

2024

Change

Ending combined loan and finance receivable principal balance:

Company owned

$

3,964,419

$

3,298,430

$

665,989

Guaranteed by the Company(a)

14,813

10,780

4,033

Total combined loan and finance receivable principal balance(b)

$

3,979,232

$

3,309,210

$

670,022

Ending combined loan and finance receivable fair value balance:

Company owned

$

4,569,819

$

3,795,210

$

774,609

Guaranteed by the Company(a)

21,225

14,773

6,452

Ending combined loan and finance receivable fair value balance(b)

$

4,591,044

$

3,809,983

$

781,061

Fair value as a % of principal(c)

115.4

%

115.1

%

0.3

%

Ending combined loan and finance receivable balance, including principal
and accrued fees/interest outstanding:

Company owned

$

4,117,245

$

3,438,468

$

678,777

Guaranteed by the Company(a)

17,954

13,046

4,908

Ending combined loan and finance receivable balance(b)

$

4,135,199

$

3,451,514

$

683,685

Average combined loan and finance receivable balance, including
principal and accrued fees/interest outstanding:

Company owned(d)

$

4,068,475

$

3,376,099

$

692,376

Guaranteed by the Company(a)(d)

20,700

14,956

5,744

Average combined loan and finance receivable balance(a)(d)

$

4,089,175

$

3,391,055

$

698,120

Installment loans as percentage of average combined loan and finance
receivable balance

44.4

%

48.9

%

(4.5)

%

Line of credit accounts as percentage of average combined loan and
finance receivable balance

55.6

%

51.1

%

4.5

%

Revenue

$

735,421

$

601,208

$

134,213

Change in fair value

(317,480)

(262,106)

(55,374)

Net revenue

$

417,941

$

339,102

$

78,839

Net revenue margin

56.8

%

56.4

%

0.4

%

Combined loan and finance receivable originations and purchases

$

1,729,479

$

1,377,367

$

352,112

Delinquencies:

>30 days delinquent

$

318,356

$

279,659

$

38,697

>30 days delinquent as a % of combined loan and finance receivable balance(c)

7.7

%

8.1

%

(0.4)

%

Charge-offs:

Charge-offs (net of recoveries)

$

350,336

$

286,698

$

63,638

Charge-offs (net of recoveries) as a % of average combined loan and
finance receivable balance(d)

8.6

%

8.5

%

0.1

%

(a)

Represents loans originated by third-party lenders through the CSO programs, which are not included in our consolidated balance sheets.

(b)

Non-GAAP measure.

(c)

Determined using period-end balances.

(d)

The average combined loan and finance receivable balance is the average of the month-end balances during the period.

 

ENOVA INTERNATIONAL, INC. AND SUBSIDIARIES

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

(dollars in thousands, except per share data)

Adjusted Earnings Measures

Three Months Ended

March 31,

2025

2024

Net income

$

72,945

$

48,428

Adjustments:

Transaction-related costs(a)

—

327

Equity method investment gain

(120)

—

Other nonoperating expenses(b)

—

492

Intangible asset amortization

2,014

2,014

Stock-based compensation expense

7,936

7,639

Foreign currency transaction loss

452

48

Cumulative tax effect of adjustments

(2,488)

(2,642)

Adjusted earnings

$

80,739

$

56,306

Diluted earnings per share

$

2.69

$

1.64

Adjusted earnings per share

$

2.98

$

1.91

Adjusted EBITDA

Three Months Ended

March 31,

2025

2024

Net income

$

72,945

$

48,428

Depreciation and amortization expenses

10,061

10,263

Interest expense, net

80,544

65,597

Foreign currency transaction loss

452

48

Provision for income taxes

18,083

16,227

Stock-based compensation expense

7,936

7,639

Adjustments:

Transaction-related costs(a)

—

327

Equity method investment gain

(120)

—

Other nonoperating expenses(b)

—

492

Adjusted EBITDA

$

189,901

$

149,021

Adjusted EBITDA margin calculated as follows:

Total Revenue

$

745,541

$

609,889

Adjusted EBITDA

189,901

149,021

Adjusted EBITDA as a percentage of total revenue

25.5

%

24.4

%

(a)

In the first quarter of 2024, the Company recorded $0.3 million ($0.2 million net of tax) of costs related to a consent solicitation for the Senior Notes due 2025.

(b)

In the first quarter of 2024, the Company recorded other nonoperating expense of $0.5 million ($0.4 million net of tax) related to the repurchase of senior notes.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/enova-reports-first-quarter-2025-results-302441601.html

SOURCE Enova International, Inc.

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The National Association of Mortgage Brokers Announces its Launch of MORE, New Mortgage Education and Professional Development Platform

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October 17, 2026

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NAMB MORE brings training, credentials, professional development and daily mortgage market information together in one place

LAS VEGAS, Oct. 17, 2026 /PRNewswire-PRWeb/ — The National Association of Mortgage Brokers (NAMB) the first and only national volunteer-led and membership-driven organization representing the interests of mortgage brokers and home buyers since 1973, today announced the launch of NAMB MORE(Mortgage Originator Resources and Education), a new learning and professional development platform designed to give mortgage professionals the education, resources and information they need to grow throughout their careers.

MORE officially launches today during NAMB National 2026, being held October 16–19 at Caesars Palace in Las Vegas. The platform is designed as a long-term resource for mortgage professionals at every career stage, bringing training, credentials, professional development and timely industry information together in one place.

Mortgage professionals can learn more and access the platform at nambhasmore.org. Access to MORE will be free through NAMB Focus, January 7–9, 2027. Users must have a NAMB member profile to access the learning management system.

“NAMB MORE represents a significant investment in the future of mortgage professionals and the continued advancement of our industry,” said Michael Farrell, President of NAMB. “We wanted to create more than a collection of courses; we wanted to build a resource that professionals can turn to throughout their careers. NAMB MORE delivers valuable education, professional development and practical information members can apply to their businesses daily. ‘NAMB has MORE’ is a mantra the entire organization embraces, reflecting our commitment to providing the industry with innovative tools that support professional growth, strengthen advocacy and help foster our members’ success. “MORE was developed with the mortgage industry in mind, with NAMB and subject-matter experts contributing to the platform’s educational content.”

The platform is designed to support mortgage professionals from their first year in the business through experienced production, management and leadership roles. Educational resources span foundational mortgage knowledge, loan origination, mortgage programs and products, business growth, sales and marketing, borrower experience, professional development and more.

The MORE course library includes content across core categories such as:

Business Strategy & GrowthLoan OriginationMortgage FoundationsMortgage Programs & ProductsProfessional Development & Workplace SkillsSales, Marketing & Borrower ExperienceGeneral

Additional learning resources and credentials are designed to help mortgage professionals continue developing their skills as their careers evolve.

A key component of the new platform is the MORE Daily Dashboard, which serves as the home screen members see when they log into MORE. Rather than requiring members to visit the platform only when completing a course or pursuing a credential, the Daily Dashboard is designed to give mortgage professionals a reason to return every day.

The Daily Dashboard currently features:

Mortgage Rate Alert Widget: Provides information about the factors affecting mortgage rates and refreshes at least hourly.Upcoming Events: Highlights NAMB events and opportunities so members can stay connected to the association and industry.Daily Access to MORE: Provides a central starting point for accessing education, professional development and other resources.

“The Daily Dashboard is an important part of what makes MORE different,” added Farrell. “We want MORE to become part of a mortgage professional’s daily routine. Whether someone is checking the latest rate information, looking for an upcoming NAMB event or continuing their professional education, MORE puts useful resources in one place.”

About NAMB: The National Association of Mortgage Brokers has been the only national volunteer-led and membership-driven organization representing the interests of mortgage professionals and homebuyers since 1973. NAMB provides mortgage professionals with advocacy, education, and rigorous certification programs to recognize members with the highest levels of professional knowledge and education. NAMB’s active lobbying and advocacy efforts focus on national and state issues, protecting the interests of its members and borrowers. As the leading national trade association for the mortgage industry, NAMB is affiliated with state associations throughout the country and represents the interests of more than 546,800 licensed and registered Mortgage Loan Originators and 49,100 licensed Mortgage Broker and Mortgage Lender businesses throughout the U.S. www.namb.org

Media Contact

Joshua Steinfeld, Steinfeld Consulting, 1 339-225-1581, steinfeldconsulting@gmail.com

View original content:https://www.prweb.com/releases/the-national-association-of-mortgage-brokers-announces-its-launch-of-more-new-mortgage-education-and-professional-development-platform-302910967.html

SOURCE The National Association of Mortgage Brokers

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The United States Golf Association Selects Gupta Media as Paid Media Agency of Record

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2 hours ago

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October 17, 2026

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The appointment comes as the USGA looks to continue to strengthen brand equity and increase awareness and engagement with golfers nationwide

BOSTON, Oct. 17, 2026 /PRNewswire-PRWeb/ — The USGA, the non-profit governing body of golf in the United States, has named Gupta Media its paid media agency of record following a competitive pitch process that began in February. Gupta Media will lead paid media strategy, planning, buying and reporting in support of the USGA’s Championship ticketing and broader commercial initiatives, while helping grow brand equity, awareness and engagement across the organization. Its work will span key USGA priorities, including golf’s official Handicap Index® and GHIN app; the Rules of Golf and the USGA’s governance of the game; Membership; and initiatives that advance golf through sustainability, research and innovation, and greater access and inclusion. The relationship expands beyond media execution to include audience strategy, first-party data integration, measurement and optimization.

“Gupta Media stood out for its ability to connect the dots between data, audience strategy, media and creative to real business outcomes, so we’re incredibly excited for this next chapter.”

The relationship comes at an important moment for the USGA, with the organization focused on continuing to expand its reach and deepening brand affinity across the ever-growing, diverse golf community. Gupta Media will help drive ticket sales for some of the sport’s biggest events, including the 2027 U.S. Open at Pebble Beach Golf Links, the 2027 U.S. Women’s Open at Inverness Club, the 2028 U.S. Open at Winged Foot Golf Club and the 2028 U.S. Women’s Open at Oakmont Country Club. The agency will also support the USGA in creating greater awareness and brand recognition for its corporate Partners through co-branded content and paid media.

Golf has an enormous network of people who love the game, creating a growing opportunity to build a deeper, more direct relationship between golfers and the organization. That challenge is exactly what Gupta Media is built to strategically address — from growing membership and promoting ticket sales for major live events to reaching new audiences and understanding customer lifetime value. By bringing together audience insights, first-party data and media performance, Gupta Media will help the USGA create more relevant, effective marketing that drives measurable business results while strengthening its connection with the next generation of golfers.

“We were looking for an agency that could bring a deep understanding of our audiences, a genuine enthusiasm for our mission and the strategic expertise to work with us through this next phase of golf’s growth,” said Lynn LaRocca, USGA’s Managing Director of Brand & Marketing. “Gupta Media stood out for its ability to connect the dots between data, audience strategy, media and creative to real business outcomes, so we’re incredibly excited for this next chapter.”

“There’s a personal element to this partnership that makes it especially rewarding. My golf journey began 30 years ago when I first visited Pebble Beach as a teenager, long before I could imagine actually playing on the course,” said Gogi Gupta, Founder, Gupta Media. “To now have the opportunity to connect that lifelong passion for the game with the work we’ve spent years building and fine-tuning our agency to do feels like kismet. We’re eager to bring our proficiency to an organization that plays a leading role in the great game.”

The relationship brings together Gupta Media’s deep experience in sports marketing with its data-driven approach to audience strategy, media and creative. The agency has developed a specialized set of tools and processes to address data and analytics challenges of sports and live events, including TallyTickets.com, its proprietary ticketing analytics platform that helps teams understand sales trends, forecast demand and make more informed marketing and media decisions. Gupta Media’s experience spans sports, entertainment, premium events, and pop culture, giving the agency a comprehensive understanding of the audience models and fan behaviors that shape the industry.

About the USGA:

The USGA is a mission-based golf organization whose purpose is to unify the golf community through handicapping and grassroots programs; to showcase the game’s best talent through the U.S. Open, U.S. Women’s Open, and 13 other national championships and our museum; to provide unbiased global governance with The R&A through the playing, equipment and Amateur Status rules; and to advance issues important to golf’s future, with a focus on driving sustainability.

About Gupta Media:

Gupta Media, a certified Minority Business Enterprise, is a strategic consultancy at the intersection of creative strategy, digital media, advanced analytics, and performance marketing. We drive growth for professional sports franchises, global tech leaders, DTC brands, major music labels, and other high-profile organizations by building intelligent media plans, best-in-class reporting tools, and custom enterprise technology. Founded 25 years ago by Cornell grad Gogi Gupta, the agency is known for developing new methods of maximizing advertising efficiency in a digital-first world. Harvard Business School’s case study on Gupta Media was taught to all incoming students for three years and is still taught around the globe.

Media Contact

Carly Carioli, Gupta Media, 1 617-682-3733, ccarioli@guptamedia.com, guptamedia.com

View original content:https://www.prweb.com/releases/the-united-states-golf-association-selects-gupta-media-as-paid-media-agency-of-record-302911621.html

SOURCE Gupta Media

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China Mobile Hong Kong Establishes Hong Kong’s First U6G Network

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3 hours ago

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October 17, 2026

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Expanding Next-Generation Network Capabilities and Accelerating the Innovative Convergence of Communication, Computing, and AI Laying a Solid Foundation for 6G Development in Hong Kong

HONG KONG, Oct. 17, 2026 /PRNewswire/ — China Mobile Hong Kong Company Limited (“China Mobile Hong Kong”) announced that it has taken the lead in realising a U6GHz network, successfully completing network testing and validation at its Mong Kok flagship store and advancing the exploration of Upper 6GHz band applications in mobile networks. Implementing China Mobile Group’s strategy of “strengthening the network foundation and full-stack innovation”, China Mobile Hong Kong aims to enhance network capabilities through new frequency band applications, drive collaborative innovation between terminals and the wider industry, and lay a robust foundation for Hong Kong’s future 6G development.

Strategic Early Deployment of New Spectrum to Build Momentum for a 6G Future
U6GHz, or the Upper 6GHz band, can provide continuous wide bandwidth and is a crucial spectrum resource supporting 5G-A and future 6G evolution. On 29 November 2024, Hong Kong completed its 6/7GHz spectrum auction, becoming the first region globally to auction this frequency band for public mobile services. China Mobile Hong Kong successfully bid for 100MHz of continuous spectrum and has made appropriate forward-looking deployments, advancing network capability validation and terminal adaptation to accumulate experience for future 6G commercialisation.

Expanding Network Capacity to Enable Smoother Smart Applications
The newly added U6GHz spectrum can be utilised synergistically with existing frequency bands. Through various combinations with current spectrums, it can achieve download speeds of 3Gbps. The increased availability of spectrum helps enhance data transmission capabilities, accommodating more simultaneous user connections, improving the internet experience in highly congested areas, and supporting high-definition video and large-capacity data transmission.

As artificial intelligence becomes increasingly integrated into production and daily life, the demand for data transmission from devices such as smart glasses and AI robots continues to rise. China Mobile Hong Kong will promote the synergistic development of U6GHz and intelligent computing services, enhance connectivity between terminals and intelligent computing platforms, and explore AI image analysis, immersive interactions, and industrial applications. This will allow smart services to better integrate into everyday life and corporate operations.

Aligning with Mainland China and Hong Kong Blueprints to Consolidate the Foundation of Digital-Intelligent Development
China Mobile Hong Kong will actively align with the Nation’s “15th Five-Year Plan” and Hong Kong’s first Five-Year Plan. Focusing on “AI+”, computing infrastructure, and new industrialisation, the company will enhance communication and smart services through network upgrades to assist Hong Kong in building an international innovation and technology centre. Concurrently, China Mobile Hong Kong will collaborate with industry partners to accelerate the research, development, and testing of U6GHz products. By expanding hotspot coverage according to demand, it aims to drive the maturity of the industrial ecosystem and accelerate Hong Kong’s 6G development. Looking ahead, China Mobile Hong Kong will continue to leverage its strengths as a central state-owned enterprise, providing high-quality digital infrastructure to serve Hong Kong and the Guangdong-Hong Kong-Macao Greater Bay Area, thereby fully contributing to the building of a cyber superpower and a digital China.

About China Mobile Hong Kong Limited
China Mobile Hong Kong Company Limited (“China Mobile Hong Kong”) is the wholly-owned subsidiary of China Mobile Limited (HKEx: 941), which is listed on the Fortune Global 500. China Mobile Hong Kong was incepted in January 1997 and was the first mobile network operator to launch PCS services in Hong Kong.

As the world’s leading mobile network brand with the largest customer base*, The Company offers innovative and comprehensive 5G communications services, including voice, data, IDD and international roaming. The Company is committed to the development of 5G with new technologies such as artificial intelligence, internet of things, cloud computing and big data, integrating 5G applications in different industries, promoting the construction and development of smart city groups in Greater Bay Area.

* China Mobile (Hong Kong) Limited is a wholly-owned subsidiary of China Mobile Limited. As of 31 December 2025, China Mobile Limited had the largest number of mobile network subscribers in the world.

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SOURCE China Mobile Hong Kong Company Limited

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