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Tag: growth

  • Bluesky finds with growth comes growing pains — and bots

    Bluesky finds with growth comes growing pains — and bots

    Bluesky has seen its user base soar since the U.S. presidential election, boosted by people seeking refuge from Elon Musk’s X, which they view as increasingly leaning too far to the right given its owner’s support of President-elect Donald Trump, or wanting an alternative to Meta’s Threads and its algorithms.

    The platform grew out of the company then known as Twitter, championed by its former CEO Jack Dorsey. Its decentralized approach to social networking was eventually intended to replace Twitter’s core mechanic. That’s unlikely now that the two companies have parted ways. But Bluesky’s growth trajectory — with a user base that has more than doubled since October — could make it a serious competitor to other social platforms.

    But with growth comes growing pains. It’s not just human users who’ve been flocking to Bluesky but also bots, including those designed to create partisan division or direct users to junk websites.

    The skyrocketing user base — now surpassing 25 million — is the biggest test yet for a relatively young platform that has branded itself as a social media alternative free of the problems plaguing its competitors. According to research firm Similarweb, Bluesky added 7.6 million monthly active app users on iOS and Android in November, an increase of 295.4% since October. It also saw 56.2 million desktop and mobile web visits, in the same period, up 189% from October.

    Besides the U.S. elections, Bluesky also got a boost when X was briefly banned in Brazil.

    “They got this spike in attention, they’ve crossed the threshold where it is now worth it for people to flood the platform with spam,” said Laura Edelson, an assistant professor of computer science at Northeastern University and a member of Issue One’s Council for Responsible Social Media. “But they don’t have the cash flow, they don’t have the established team that a larger platform would, so they have to do it all very, very quickly.”

    To manage growth for its tiny staff, Bluesky started as an invitation-only space until it opened to the public in February. That period gave the site time to build out moderation tools and other distinctive features to attract new users, such as “starter packs” that provide lists of topically curated feeds. Meta recently announced that it is testing a similar feature.

    Compared to the bigger players like Meta’s platforms or X, Bluesky has a “quite different” value system, said Claire Wardle, a professor at Cornell University and an expert in misinformation. This includes giving users more control over their experience.

    “The first generation of social media platforms connected the world, but ended up consolidating power in the hands of a few corporations and their leaders,” Bluesky said on its blog in March. “Our online experience doesn’t have to depend on billionaires unilaterally making decisions over what we see. On an open social network like Bluesky, you can shape your experience for yourself.”

    Because of this mindset, Bluesky has achieved a scrappy underdog status that has attracted users who’ve grown tired of the big players.

    “People had this idea that it was going to be a different type of social network,” Wardle said. “But the truth is, when you get lots of people in a place and there are eyeballs, it means that it’s in other people’s interests to use bots to create, you know, information that aligns with their perspective.”

    Little data has emerged to help quantify the rise in impersonator accounts, artificial intelligence-fueled networks and other potentially harmful content on Bluesky. But in recent weeks, users have begun reporting large numbers of apparent AI bots following them, posting plagiarized articles or making seemingly automated divisive comments in replies.

    Lion Cassens, a Bluesky user and doctoral candidate in the Netherlands, found one such network by accident — a group of German-language accounts with similar bios and AI-generated profile pictures posting in replies to three German newspapers.

    “I noticed some weird replies under a news post by the German newspaper ‘Die Ziet,’” he said in an email to The Associated Press. “I have a lot of trust in the moderation mechanism on Bluesky, especially compared to Twitter since the layoffs and due to Musk’s more radical stance on freedom of speech. But AI bots are a big challenge, as they will only improve. I hope social media can keep up with that.”

    Cassens said the bots’ messages have been relatively innocuous so far, but he was concerned about how they could be repurposed in the future to mislead.

    There are also signs that foreign disinformation narratives have made their way to Bluesky. The disinformation research group Alethea pointed to one low-traction post sharing a false claim about ABC News that had circulated on Russian Telegram channels.

    Copycat accounts are another challenge. In late November, Alexios Mantzarlis, director of the Security, Trust and Safety Initiative at Cornell Tech, found that of the top 100 most followed named individuals on Bluesky, 44% had at least one duplicate account posing as them. Two weeks later, Mantzarlis said Bluesky had removed around two-thirds of the duplicate accounts he’d initially detected — a sign the site was aware of the issue and attempting to address it.

    Bluesky posted earlier this month that it had quadrupled its moderation team to keep up with its growing user base. The company also announced it had introduced a new system to detect impersonation and was working to improve its Community Guidelines to provide more detail on what’s allowed. Because of the way the site is built, users also have the option to subscribe to third-party “Labelers” that outsource content moderation by tagging accounts with warnings and context.

    The company didn’t respond to multiple requests for comment for this story.

    Even as its challenges aren’t yet at the scale other platforms face, Bluesky is at a “crossroads,” said Edward Perez, a board member at the nonpartisan nonprofit OSET Institute, who previously led Twitter’s civic integrity team.

    “Whether BlueSky likes it or not, it is being pulled into the real world,” Perez said, noting that it needs to quickly prioritize threats and work to mitigate them if it hopes to continue to grow.

    That said, disinformation and bots won’t be Bluesky’s only challenges in the months and years to come. As a text-based social network, its entire premise is falling out of favor with younger generations. A recent Pew Research Center poll found that only 17% of American teenagers used X, for instance, down from 23% in 2022. For teens and young adults, TikTok, Instagram and other visual-focused platforms are the places to be.

    Political polarization is also going against Bluesky ever reaching the size of TikTok, Instagram or even X.

    “Bluesky is not trying to be all things to all people,” Wardle said, adding that, likely, the days of a Facebook or Instagram emerging where they’re “trying to keep everybody happy” are over. Social platforms are increasingly splintered along political lines and when they aren’t — see Meta’s platforms — the companies behind them are actively working to de-emphasize political content and news.

    ___

    The Associated Press receives support from several private foundations to enhance its explanatory coverage of elections and democracy. See more about AP’s democracy initiative here. The AP is solely responsible for all content.

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  • Ukraine’s Nemiroff Vodka Invests In English Soccer Amid Sixfold Growth

    Ukraine’s Nemiroff Vodka Invests In English Soccer Amid Sixfold Growth

    Russia’s invasion of, and subsequent war in, Ukraine has not stopped some businesses from expanding internationally, In fact, looking beyond the war-torn domestic economy has been a necessity for many of them. In the vodka market, there have also been some clear benefits.

    Sanctions on Russia and public pressure have forced retailers—from Amazon and Coty, to McDonald’s and TJ Maxx—to pull out or suspend operations. According to Yale’s Chief Executive Leadership Institute, more than 1,000 companies have withdrawn. They are led by U.S. entities with a 32% share, and the U.K. with 10.6%.

    With made-in-Russia vodkas being spurned in the West, others like Tito’s Handmade Vodka and Diageo’s volume leader Smirnoff have filled the gaps in some markets. Ukraine’s Nemiroff has also taken advantage of the situation and is leading an export drive, with the U.K. as one of its top targets.

    Sales in Britain last year increased sixfold thanks to a switch in distribution partner to Scotch producer Whyte & Mackay in mid-2023. The deal also enables Nemiroff to distribute the whisky maker’s products exclusively in Ukraine starting in January 2025. Nemiroff’s CEO, Yuriy Sorochynskiy told me: “The situation in Ukraine and sanctions against Russian products have opened up opportunities and given us some momentum.

    Changing mindsets in Ukraine’s favor

    “For many years, the world recognized vodka as a Russian product. This is not the case, and we are now making it about prestige Ukrainian products. We are showing the world that we can produce very-high-quality vodka with all the elements coming from within Ukraine.” However, changing mindsets often takes time.

    Nemiroff had been in the U.K. for several years but at low volumes. The brand has entered supermarket chains like Sainsbury and Asda and is now doubling down on its latest sales burst by highlighting the brand in the sports arena. A Premier League sponsorship will be key to giving it greater exposure and act as an enabler in bringing it to more retailers and other consumer outlets in the U.K.

    “It’s not an easy process but this is a top priority country for us. It is a strategic market and, also, the United Kingdom has supported Ukraine,” explained Sorochynskiy. Other established markets include Canada, the United States, and Australia.

    A shoe into the English Premier League

    For the first time, Nemiroff has partnered with four English Premier League clubs—Aston Villa, West Ham United, Everton, and Fulham FC—to roll out a campaign called “That’s My Spirit” which launched at London’s Tate Modern gallery last week.

    Sorochynskiy said: “Each of our club partners brings unique strengths to the table. They unite millions of fans around the world (and) are perfectly aligned with Nemiroff’s aspirations. Their exceptional venues provide the ideal backdrop for showcasing our premium products, both in the UK and worldwide, opening new avenues for meaningful engagement. This is about more than logos on jerseys—it’s about forging connections: four clubs, one spirit. Partnering with these giants of the game, Nemiroff brings its own legacy into the mix.”

    As well as the brand exposure, the deal includes club-inspired cocktails, match-day activations and initiatives, digital engagement, merchandise collaborations, and support for grassroots football programs. The Premier League partnership will run “for at least two seasons” according to Sorochynskiy. “We will look closely at how this deal increases the consumption of our products,” he added.

    Supporting Ukraine’s domestic market

    Nemiroff also has an eye on lifting the Ukrainian economy. It is faring relatively well, with GDP set to end the year at $189 billion, up 3.5%. By comparison, Russia’s GDP is expected to grow at 3.9% said state-owned news agency Tass earlier today, quoting the country’s deputy prime minister Alexander Novak.

    As the biggest vodka brand in Ukraine, Nemiroff is at the end of quite a long production chain that includes raw materials suppliers from grain to bottles, labels, and packaging. “Exports therefore have a direct economic impact at home,” said Sorochynskiy.

    Nemiroff is unique among Ukraine’s vodka producers in being a big exporter, a process that began about 25 years ago. It was already the number three vodka brand in the world in the duty-free channel pre-Covid (based on IWSR figures).

    Lex, Nemiroff’s revamped top-end luxury vodka, is not yet in the British market but there are hopes it might be introduced next year. Meanwhile, in North America, the company has signed a portfolio distribution deal with Southern Glazer’s Wine & Spirits covering Canada—and the U.S. also remains a future expansion target.

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  • Indias Organic Food Export Growth Rises To $448 Million, Surpassing Last Years Total

    Indias Organic Food Export Growth Rises To $448 Million, Surpassing Last Years Total

    India’s organic food products export reached $447.73 million in the first eight months of this fiscal (FY25), and are set to surpass last year’s export figures, the Parliament was informed on Monday. In the current financial year, the total amount of organic food product exports reached 263,050 metric tonnes (MT) till November 25 and the export of organic food products stood at $494.80 million last fiscal (FY24), Union Minister of Food Processing Industries, Navneet Singh Bittu, told the Lok Sabha in a written reply. The ministry has not allocated any specific funds to incentivise the industries for producing organic products.
    However, the Agricultural and Processed Food Products Export Development Authority (APEDA) under the Ministry of Commerce and Industries, provides financial assistance to its member exporters, including exporters of organic food products, he added. Further, the APEDA is implementing the National Programme for Organic Production (NPOP). The programme involves the accreditation of Certification Bodies, standards for organic production, promotion of organic farming and marketing, etc.
    The total number of organic-certified processing units under the National Programme for Organic Production in India is 1,016. In September, the APEDA announced a partnership with global retail chain LuLu Group International (LLC) to showcase a wide range of certified Indian organic products in its stores across the United Arab Emirates (UAE). The APEDA will facilitate connections between the organic growers in India, including Farmer Producer Organisations (FPOs), Farmer Producer Companies (FPCs), Cooperatives and the LuLu Group. This will ensure that Indian organic products reach a wider global audience.
    The authority is dedicated to promoting Indian agro and processed food exports. The agency works towards organising B2B exhibitions in different countries, exploring new potential markets, and working closely with the Indian Embassies to promote natural, organic, and Geographical Indication (GI)-tagged agro-products, the minister told the house.
    The export of organic food products stood at $494.80 million last fiscal (FY24), said Union Minister of Food Processing Industries, Navneet Singh Bittu, in a written reply in the Lok Sabha. The ministry has not allocated any specific fund to incentivise the industries for producing the organic products. However, Agricultural and Processed Food Products Export Development Authority (APEDA) under the Ministry of Commerce and Industries, provides financial assistance to its member exporters, including exporters of organic food products.
    Further, APEDA is implementing the National Programme for Organic Production (NPOP). The programme involves the accreditation of Certification Bodies, standards for organic production, promotion of organic farming and marketing, etc. The total number of organic certified processing units under the National Programme for Organic Production in India are 1,016.
    In September, APEDA announced a partnership with global retail chain LuLu Group International (LLC) to showcase a wide range of certified Indian organic products in its stores across the United Arab Emirates (UAE). APEDA will facilitate connections between the organic growers in India, including Farmer Producer Organisations (FPOs), Farmer Producer Companies (FPCs), Cooperatives and the LuLu Group. This will ensure that Indian organic products reach a wider global audience.
    The authority is dedicated to promoting Indian agro and processed food exports. The agency works towards organising B2B exhibitions in different countries, exploring new potential markets, and working closely with the Indian Embassies to promote natural, organic, and Geographical Indication (GI)-tagged agro-products.

    (Disclaimer: Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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  • Young WHS girls hockey team seeks continued experience and growth – The Globe

    Young WHS girls hockey team seeks continued experience and growth – The Globe

    WORTHINGTON — The Worthington High School girls hockey team was young last year and it is more of the same this season.

    This year’s Trojans squad may be even younger than last year with only two seniors on the roster. But head coach Chad Nickel’s team is not one completely lacking in varsity experience, as many of the younger girls got plenty of playing time as eighth graders last year.

    “So far, we’re picking up on our speed,” said the coach. “A little more communication on the ice between the girls has been a lot better this year already. But we’re still yet a young team, but you can see the progression even from the eighth graders to ninth grade this year already.”

    WHS is four games into the season and still in search of its first win.

    The season opened Nov. 12 with a 10-0 loss to Mankato West and then a narrow 1-0 loss to Austin followed two days later. After that came a 7-0 shutout defeat to Marshall Nov. 21 and the latest loss came 3-1 to South Central Nov. 23.

    Continued growth and development is key if the Trojans want to be a competitive team this year and Nickel has already seen that, especially from his younger players.

    The standout youngsters include a nice group of freshmen with that varsity experience as eighth graders. Forwards Breeta Johnson, Sydnie Van Briesen and Maddie Cummings, along with defenders Tayler Nickel and Leah Nelson all saw playing time last year.

    There’s also fellow freshman Macie Mahlberg at the goalie position, with playing time there last year and is improving with every match.

    112624 N DG Trojans Girls Hockey preview 3.jpg

    A Worthington Trojans assistant hockey coach fires pucks at goalie Macie Mahlberg (1) during a recent afternoon practice at the Worthington Ice Arena.

    Tim Middagh / The Globe

    The group is all back with all of them gaining valuable experience in their first varsity seasons a year ago.

    “Oh, that’s huge as far as the maturity level, and, like said, more ice time and the play going from a youth to a varsity level, the speed is a lot faster,” Nickel said.

    Leading the way on the ice are the lone two seniors Sadie and Peyton Nickel. Sadie is back at her primary position on defense and Peyton, herself normally a defender, has moved up to forward this year.

    The position change has been a big adjustment for Peyton, but she’s already getting used to playing at the forward spot.

    “Forward is definitely a lot more work, a lot more skating,” she said. “So it’s taking a lot more, having to put in a lot more work and get more in shape. But I like forward more than defense. I feel like I’ve improved a lot over just the past couple games as a forward.”

    Being one of only two seniors on the roster, Peyton is also stepping up into a bigger leadership role along with Sadie. She said the time on varsity last year from the freshmen has paid off in terms of team chemistry and that the team is connecting well with each other.

    112624 N DG Trojans Girls Hockey preview 1.jpg

    The lone two seniors on the Worthington High School girls hockey team are Sadie Nickel (left) and Peyton Nickel.

    Tim Middagh / The Globe

    On the ice, the Trojans still have a lot to learn, but the head coach is seeing his team working together well and getting better defensively at cutting down opposing shots on goal. He still wants to see improvement on offense.

    “We’re going to continue to try to work on gaining their speed with some stick handling and being able to forecheck a little bit more in the offensive zone to try to create more pressure down there in the offensive zone,” said Chad.

    WHS still has plenty of its schedule left to go in the regular season and up next is a game Dec. 6 at Prairie Centre. Two more road games are after that, including one at a Luverne team that went to state last year, before returning to the Worthington Ice Arena Dec. 12 against Windom Area.

    112624 N DG Trojans Girls Hockey preview 2.jpg

    The Worthington High School girls hockey team warms up with high speed lap during a recent afternoon practice at the Worthington Ice Arena.

    Tim Middagh / The Globe

    As the season progresses, the Trojans will look to keep their early momentum going in terms of having solid chemistry and being competitive.

    “For myself, I want to see a lot of improvement,” said Peyton. “As a team I think that we need to work together better and I think after a while, after a couple more games, we’re going to get that connection. We’re finally going to get it and get it going.”

    “I’d like to see them continue to grow and be a more competitive team,” said Chad. “And that’s always been my goal is to create a competitive team.”

    Skyler Jackson joined the Globe in July 2023 as a reporter covering both news and sports. Born and raised in Sioux City, Iowa, Skyler attended South Dakota State University and graduated in 2023 with a degree in journalism. After graduating college, he decided on settling in Worthington for his current job at the Globe.



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  • Growth In Indias Food Processing Industry Boosts Fresher Jobs Hiring In FMCG Sector

    Growth In Indias Food Processing Industry Boosts Fresher Jobs Hiring In FMCG Sector

    India’s food processing industry led to a rise in FMCG fresher jobs hiring; rising to 32% in H2FY24 November 24. The food processing industry, which is expected to double its size by 2025-26, will drive the hiring in the FMCG (Fast-Moving Consumer Goods) sector, as the second half of 2024 witnessed a sharp rise in the hiring intent for freshers, rising to 32 per cent, according to a report by TeamLease EdTech.

    The intent for freshers hiring in the first half of 2024 stood at 27 per cent, as per the report.

    This increase is propelled by a deeper market penetration into rural and semi-urban markets on the back of rapid growth of India’s food processing industry, projected to double from USD 263 billion in 2019-20 to USD 535 billion by 2025-26, with a CAGR of 12.6 per cent.

    The report adds that the key product segments like dairy, RTE (Ready-to-Eat) foods, frozen meat, and snacks are creating job roles in supply chain and market research.

    “The rise in demand for fresh talent in FMCG can clearly be attributed to deeper expansion in rural and semi-urban markets, fueled by the rapid growth of India’s food processing industry,” said Shantanu Rooj, Founder and CEO, TeamLease Edtech.

    He noted that due to the company’s focus on strengthening supply chains, market research, and brand management, the demand for talent is expected to be high.

    It further adds that FMCG companies are prioritizing freshers with skills in market insights, retail distribution, and regional consumer understanding as they expand into untapped areas.

    Food engineer roles are projected to have a hiring intent of 41 per cent in Bengaluru, while logistics coordinators show a hiring intent of 39 per cent in Delhi. Additionally, the demand for supply and distribution chain positions in Hyderabad is 37 per cent, and brand management trainees have a hiring intent of 34 per cent in Bengaluru.

    Each role demands a blend of technical knowledge in supply chain, inventory, and logistics management, along with adaptability and strong communication skills to navigate diverse regional markets.

    This sectoral hiring trend reflects FMCG’s role as a significant employment driver in India, with continued growth anticipated in fresh talent demand across key cities and expanding regional markets.

    The survey covers 526 small, medium, and large companies across 18 industries across India. The coverage is spread across 14 geographical areas [metros, tier-1, and tier-2 centres, reflecting the hiring sentiment.

    (Disclaimer: Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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  • Centre Reports Surge In Indias Seafood And Wine Exports, Driving Industry Growth

    Centre Reports Surge In Indias Seafood And Wine Exports, Driving Industry Growth

    India’s premium seafood and vibrant wine industry has grown substantially, with seafood exports alone reaching $7.3 billion in value and 17.81 lakh metric tonnes in volume, the government said on Saturday. At an event hosted by the Embassy of India in Brussels, India’s finest culinary offerings in wine and seafood were showcased to business leaders, trade bodies, marine foods importers, government trade agencies, and members of the diplomatic community. It was organised in collaboration with the Agricultural and Processed Food Products Export Development Authority (APEDA), and the Marine Products Export Development Authority (MPEDA), according to the Ministry of Commerce and Industry.
    Saurabh Kumar, Ambassador of India to Belgium, Luxembourg and European Union (EU) highlighted the event’s significance in fostering cultural and trade ties. Sunil Barthwal, Secretary, Department of Commerce, spoke about India’s dynamic trade landscape and its growing partnership with the European Union, particularly in the seafood and wine sectors. At the event, the attendees indulged in a carefully-curated menu featuring five premium Indian seafood varieties: Vannamei shrimp, Black Tiger shrimp, Kingfish (Surmai), Tilapia, and Squid.
    These delicacies were expertly paired with wines from Indian vineyards, whose bold reds, crisp whites, and refreshing roses demonstrated the global recognition of India’s wine craftsmanship. The Indian wine industry has grown substantially, with over 24 prominent brands combining global expertise with indigenous traditions.Reds such as Cabernet Sauvignon, Shiraz, Merlot, and Sangiovese, along with  whites like Chenin Blanc, Sauvignon Blanc, and Viognier, were highlighted.
    India’s total exports reached $433.09 billion in 2023-2024, with agricultural commodities contributing $33.24 billion (8 per cent of total exports) and marine exports accounting for $7.36 billion (22 per cent of agricultural exports) across 132 countries. Exports of Vannamei shrimp have quadrupled, firmly establishing it as a high-quality seafood product. With 500 EU-approved firms, India’s seafood processing capacity continues to expand, making the EU, India’s second-largest seafood market, with annual purchases of $0.95 billion.
    Additionally, India is the EU’s second-largest supplier of shrimp, holding an 8 per cent market share, and contributes 12 per cent of the EU’s squid imports, according to the ministry.

    (Disclaimer: This story has not been edited by NDTV staff and is auto-generated from a syndicated feed. This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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  • BYU football with chance to show growth against resurgent Kansas | News, Sports, Jobs

    BYU football with chance to show growth against resurgent Kansas | News, Sports, Jobs

    Courtesy BYU Photo

    BYU defenders tackle Kansas running back Devin Neal during the Big 12 game against Kansas at David Booth Kansas Memorial Stadium in Lawrence, Kansas, on Saturday, Sept. 23, 2023.

    Don’t expect BYU football players and coaches to have forgotten last year’s 38-27 loss at Kansas.

    Now the Cougars want payback.

    “We are excited because we know it didn’t go our way last year,” BYU head coach Kalani Sitake said earlier this week. “We know we can play better than what we did against them. We are excited for that opportunity to play them again at our house. A lot of their guys are back, so the matchup is going to be awesome.”

    BYU faced the Jayhawks in its very first Big 12 game. The Cougars came in 3-0 record with a win at Arkansas, but struggled against the physicality of Kansas and couldn’t keep up.

    But that was then and this is now, according to BYU senior receiver Darius Lassiter.

    Courtesy BYU Photo

    BYU sophomore wide receiver Chase Roberts catches a pass during the Big 12 game against Kansas at David Booth Kansas Memorial Stadium in Lawrence, Kansas, on Saturday, Sept. 23, 2023.

    “I really think it’s that we can match the intensity of the Big 12 now,” Lassiter said. “Last year, our first game, just being [in Lawrence], we kind of came out flat. We know that if you do that in this league, that it can kind of get you behind and get you clawing from behind.

    “That’s what you don’t want to do, because in this league there’s a lot of offenses that can score a lot of points, so you don’t want to play catch up. I feel like we just learned from our mistakes last year, and that kind of just put us in a position that we are in now.”

    Cougar sophomore linebacker Harrison Taggart talked about how BYU realized last year just how competitive conference games would be and now they are prepared.

    “Every single week is, in my opinion, a big game,” Taggart said. “The Big 12 is an amazing conference, and we’ve seen that. We’ve seen that last year. We’ve seen that this year. There’s tons of talent in the Big 12.”

    He credited Kansas for giving the Cougars that “Big 12 awakening” and said that now gives BYU a “little bit of a chip on our shoulder.”

    Courtesy BYU Photo

    BYU and Kansas players line up for a play during the Big 12 game at David Booth Kansas Memorial Stadium in Lawrence, Kansas, on Saturday, Sept. 23, 2023.

    The Cougars have applied the lessons from their first season in the league and turned it into a 9-0 record overall (6-0 in conference play) and a No. 6 ranking in the latest College Football Playoff rankings.

    Kansas, on the other hand, came into 2024 with some high expectations, only to lose six games by a combined 30 points (five by six points or fewer).

    But the Jayhawks are coming in off their most complete game of the season, a 45-36 win over then-No. 17-ranked Iowa State.

    “Kansas has a lot to prove and had a great game last week,” Sitake said. “They have a ton of talent and are well-coached. Their football IQ is impressive. They are playing well right now. I have to get these guys ready to play this weekend.”

    Leading the way has been the Kansas offense, which has scored at least 27 points in its last six games.

    Courtesy BYU Photo

    BYU senior running back Deion Smith gets tackled during the Big 12 game against Kansas at David Booth Kansas Memorial Stadium in Lawrence, Kansas, on Saturday, Sept. 23, 2023.

    “Their offense is really dynamic,” Taggart said. “They have a bunch of weapons, whether it’s through the quarterback, the receiver, their running back is really good as well. I think their O-line is really good as well. Overall, they’re a well put together team, and just shutting down their weapons, playing how we’ve been playing ball, and getting the ball back to our offense will be really important for this week.”

    Leading the way is Jayhawk junior quarterback Jalon Daniels, a dual-threat athlete who can be a game-changer, but Sitake agreed that Kansas has a lot of weapons.

    “He’s gifted,” Sitake said. “He can run and he can throw. He’s a veteran. It’s a difficult matchup. Their running back is back too. He is one of the premier running backs, and there are so many all over this conference. They don’t get enough credit for their defense either. We saw that last week. I am looking forward to the matchup. We want to play our best game of the year this weekend. We can be more efficient and it starts with today and today’s practice.”

    In addition, BYU will once again be welcoming former offensive line and offensive coordinator Jeff Grimes back to Provo. Grimes is the offensive coordinator for the Jayhawks and is part of a solid staff that Kansas head coach Lance Leipold has assembled, according to Sitake.

    “We have tons of respect for Kansas and their coaching staff,” Sitake said. “I have so much respect for Lance as a leader. He is an amazing man and coach. Just like they did last week, they can get up on you and beat a ranked team. Nothing is easy in this conference. We don’t anticipate it to be easy. In order for things to go our way, we have to play at our best no matter what game it is.”

    BYU senior offensive lineman Connor Pay said the Cougars know this will be a test, but they have every reason to be confident as well.

    “They’re good but on the flip side, we’re good too,” Pays said. “That’s what we’re focused on. A lot of the mistakes and challenges we’ve run into this season have been self-inflicted. If we make those mistakes, they’ll take advantage of it. So we’ve got to tighten up.”

    No. 6 BYU vs. Kansas

    TIME: 8:15 p.m. MT

    TV: ESPN

    WHERE: LaVell Edwards Stadium, Provo

    THE WORD: This will be the third meeting between BYU and Kansas with the Jayhawks winning both previous meetings … Kansas won the last matchup, beating the Cougars 38-27 in Lawrence in 2023 … The two teams have never played in Provo, as the other meeting took in the 1992 Aloha Bowl in Hawai’i (a 23-20 Jayhawk win) … BYU leads the Big 12 and is No. 2 nationally in the ESPN Football Power Index strength of record metrics. The Cougars have wins over two teams currently ranked in the Top 25 and are one of four unbeaten teams remaining in the FBS.

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  • Olympics income, DTC subscriber growth lead WBD rebound in Q3

    Olympics income, DTC subscriber growth lead WBD rebound in Q3

    The Warner Bros. Discovery (WBD) media and entertainment giant saw its revenues (reported) drop 4% year-on-year during the third quarter of 2024.

    WBD, which released its Q3 financials earlier today, secured revenues of $9.6 billion in the three months up to September 30, down from $9.97 billion the prior year. This time period included the Paris 2024 Olympic Games, for which WBD was the main European broadcaster.

    The networks segment of WBD, which contains the TNT and Eurosport networks, saw its revenue rise by 3%, however, from $4.8 billion to $5 billion.

    This came primarily due to a substantial increase in content revenue year-on-year – from $215 million to $833 million – which more than offset decreases across both distribution and advertising income. This rise in content income was due to the sublicensing of rights to the 2024 Paris Olympics, which took place in July and August in the French capital and were covered in their entirety to WBD through a major pan-European deal dating back to 2014.

    Indeed, sublicensing revenue for the Olympics came to $578 million out of the total.

    Multiple sublicensing tie-ups between WBD – which showed the games on both linear channels and via its range of streaming platforms, such as Discovery+ and Max – were struck with free-to-air broadcasters across the continent.

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    Max had expanded into Europe during the last few weeks before the Olympics.

    In total, WBD aired the Olympics across nearly 50 markets in 20 languages on the Max and Discovery+ streaming services, and through Eurosport on linear television.

    There was a cumulative reach of more than 215 million in Europe viewing Olympics content on WBD platforms – 23%, and over 40 million, more than the Tokyo 2020 games.

    Adjusted EBITDA (earnings before interest, taxation, depreciation, and amortization) for the networks division came to $2.1 billion, meanwhile, down 12% from last year’s equivalent figure, meanwhile. WBD has said the broadcasting of the Paris Olympics across Europe “negatively affected” the adjusted EBITDA to the tune of $65 million.

    Overall, WBD’s Q3 adjusted EBITDA came to $2.3 billion, a year-on-year fall of 19%.

    In the direct-to-consumer (DTC) WBD segment, meanwhile, revenues jumped by 8%, up from $2.43 billion to $2.63 billion.

    This was driven by a substantial 49% surge in advertising revenue, which hit $205 million during the three months, up year-on-year from $138 million. WBD put this down to an increase in domestic ad-lite subscribers.

    This offset a slight drop in content revenue, from $120 million to $107 million.

    Distribution income also rose, in this case by 6% to $2.32 billion.

    For Max, there was an increase of 7.2 million global subscribers versus the Q2 figure, with the total on September 30 at 110.5 million. This was primarily due to a rise of 6.9 million subscribers in overseas markets – 57.9 million at the end of Q3, as opposed to 50.8 million as Q2 came to a close.

    The rise represents the biggest quarterly increase in subscribers for Max since its launch (initially in the US) last May.

    In terms of that platform’s expansion, late last month it was revealed that it will launch in Germany in 2026.

    Adjusted EBITDA for the DTC division, meanwhile, came to $289 million – up from just $111 million the prior year.

    David Zaslav, president and chief executive of Warner Bros. Discovery, has now said: “Thanks to our rapid international expansion and continued investment in high quality, diverse content, we saw momentum accelerate in our global DTC business in Q3. In total, Max delivered 7.2 million net subscriber adds, the strongest quarterly gain since the platform’s launch.”

    These results compare favorably to WBD’s Q2 financials, in which the heavyweight had to substantially reduce the accounted value of its own media assets through a goodwill impairment charge.

    In terms of Olympic viewership for WBD, there was a cumulative reach of more than 215 million in Europe viewing Olympics content on WBD platforms – 23%, and over 40 million, more than the Tokyo 2020 games.

    In total, more than seven billion minutes were streamed throughout the games – six times more than Tokyo 2020.

    Under a new agreement announced in January 2023, WBD will continue to cover the games on its streaming and digital platforms and hold full pay-TV rights for multiple editions.

    This includes the 2026 Winter Olympics in Milan Cortina and the 2030 edition in the French Alps, as well as the 2028 Summer Olympics in Los Angeles and Brisbane in 2032.


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  • Zalando Records Strong Q3 Growth In Both B2C And B2B, Invests In Customer Loyalty, Lifestyle Propositions, Fashion Discovery And Logistics

    Zalando Records Strong Q3 Growth In Both B2C And B2B, Invests In Customer Loyalty, Lifestyle Propositions, Fashion Discovery And Logistics

    EQS-News: Zalando SE
    / Key word(s): Quarter Results

    Zalando Records Strong Q3 Growth in Both B2C and B2B, Invests in Customer Loyalty, Lifestyle Propositions, fashion Discovery and Logistics
    05.11.2024 / 07:00 CET/CEST
    The issuer is solely responsible for the content of this announcement.

    Zalando Records Strong Q3 Growth in Both B2C and B2B, Invests in Customer Loyalty, Lifestyle Propositions, Fashion Discovery and Logistics

    • Q3 gross merchandise volume (GMV) rises 7.8% to 3.5 billion euros, revenue increases 5.0% to 2.4
      billion euros

    • Adjusted earnings before interest and taxes (adjusted EBIT) climbs from
      23 million euros to 93 million euros in the quarter, representing a margin of 3.9%

    • B2C sees revenue rising 4.3% and adj. EBIT margin climbing by 3.5 percentage points to 4.0%

    • B2B records 11.1% revenue growth in Q3 with adj. EBIT margin of 2.8%

    • Number of active customers increases by half a million to 50.3 million in Q3

    • Zalando confirms full-year guidance, upgraded on 10 October

    Berlin, 5 November 2024 // Zalando recorded strong growth in both its growth vectors Business-to-Consumer (B2C) and Business-to-Business (B2B) in the third quarter, driven by increasing consumer demand amid an industry-wide strong start to the autumn/winter season. To capture further growth opportunities, the company is investing in key areas of its ecosystem strategy, such as driving customer loyalty, expanding lifestyle propositions, making fashion discovery more entertaining, and further strengthening its European logistics network.

    Zalando’s third-quarter gross merchandise volume (GMV) rose 7.8% to 3.5 billion euros compared with a year ago, revenue increased 5.0% to 2.4 billion euros and adjusted earnings before interest and taxes (adjusted EBIT) climbed from 23 million euros to 93 million euros. The adjusted EBIT margin increased by 2.9 percentage points to 3.9%. The number of active customers increased by about half a million quarter on quarter, bringing the total number of active customers to 50.3 million in the third quarter.

    “Consumers love the quality brands we are adding, spend time with our exciting digital experiences, and embrace our expanding lifestyle offerings in areas such as Sports, Beauty and Kids & Family,” said Dr. Sandra Dembeck, Chief Financial Officer.“To capture further growth opportunities, we are investing into initiatives such as evolving our Plus loyalty program, offering more inspiring content, ramping up our tech hub in China and driving localised convenience for customers via our European logistics network.”

    B2C: New Brands, Rewarding Loyalty and Lifestyle Growth

    For Zalando’s first B2C growth pillar, aiming to differentiate itself through quality and offer the best possible shopping experience, the company added new brands like Remain, A-COLD-WALL*, and Marine Serre to its curated lineup. Zalando also evolved its Plus program from a paid membership to a free, points-based system designed to reward customer loyalty.

    In France, Zalando’s new fulfilment centre near Paris shipped its first parcel at the start of October. This latest addition to Zalando’s logistic network helps to provide customers across France and neighbouring countries with even more localised offerings and convenience.

    Zalando’s second B2C growth pillar around making Zalando a lifestyle destination saw strong growth in Sports, Beauty, and Kids & Family. The company is working to elevate these categories into powerful lifestyle propositions with comprehensive assortments, personalised inspiration, and seamless convenience. Zalando’s partners continued to increase their own sales generated via the company’s platform, with the partner business recording double-digit growth in the third quarter.

    For the third B2C growth pillar – introducing new content formats into commerce and offering personalised inspiration and entertainment – the company further evolved Stories on Zalando, the content hub that engages customers around exciting fashion and culture trends. Fashion influencers like Caro Daur, Linda Tol, and Jordan Anderson are now offering exclusive content and showcasing their curated fashion selections.

    In line with its commitment to enhance customer experiences, Zalando continued to invest in technologies such as the Zalando Assistant that has been rolled out to all 25 markets recently.
    Zalando’s AI assistant, powered by Zalando’s own models and OpenAI’s large language models, offers logged-in customers personalised fashion advice in local languages, enabling customers to navigate Zalando’s extensive assortment with intuitive queries such as“What should I wear to my dad’s 60th birthday in November in Barcelona?” The assistant understands context – such as location, weather, and occasion – to make informed recommendations.

    Revenue in the B2C growth vector rose 4.3% to 2.2 billion euros in the third quarter compared with the same period a year ago. Adjusted EBIT rose to 86.7 million euros, representing an adjusted EBIT margin of 4.0% in the quarter compared to 0.5% a year prior, driven by improved gross margins and lower fulfilment costs.

    B2B: Expanding value proposition for partners

    In B2B, Zalando is opening up its logistics infrastructure, software, and service capabilities to be a key enabler for brands’ and retailers’ e-commerce transactions, regardless of whether they take place on or off the Zalando platform.

    In the third quarter, ZEOS added ASOS as a new sales channel, expanding the value proposition for Zalando’s partners. In total, ZEOS can now fulfil orders that were placed via 9 major e-commerce platforms and brands’ own webshops.

    In the third quarter, revenue in the B2B growth vector continued to outgrow group revenues and increased 11.1% to 239.7 million euros compared with a year ago. Adjusted EBIT fell from 12.6 million euros a year ago to 6.7 million euros, representing an adjusted EBIT margin of 2.8%, compared to 5.8% a year prior. The decrease was mainly caused by frontloaded investments to support future growth.

    Outlook

    Today, Zalando confirmed its guidance, which was upgraded on 10 October 2024, for the financial year 2024. The company expects gross merchandise volume (GMV) to grow between 3% and 5%, revenue to increase between 2% and 5% and adjusted EBIT to grow to between 440 million euros and 480 million euros.

    The third-quarter 2024 financial report, as well as the earnings presentation for analysts and investors, is available on the Zalando Investor Relations website . Zalando will report the results for the full year 2024 on 6 March 2025.

    (end)

    Zalando at a glance

    Key figures*
    IN EUR M Q3/24 Q3/23
    Group GMV 3,458.5 3,209.3
    Percent growth 7.8
    %
    -2.2
    %
    Group revenue 2,388.5 2,274.9
    Percent growth 5.0
    %
    -3.2
    %
    B2C revenue 2,151.5 2,063.0
    B2B revenue 239.7 215.8
    Reconciliation revenue -2.8 -3.9
    Adjusted group EBIT 92.7 23.2
    Adjusted group EBIT margin 3.9
    %
    1.0
    %
    B2C adjusted EBIT 86.7 10.6
    B2B adjusted EBIT 6.7 12.6
    Reconciliation adjusted EBIT -0.7 0.0
    Net working capital -246.4 -11.6
    Capital expenditure -40.1 -70.4
    Net income 44.3 -8.2
    Q3/24 Q3/23
    Key performance indicators
    Active customers (million) (last 12 months) 50.3 50.1
    Number of orders (million) 57.9 54.5
    Average orders per active customer (last 12 months) 4.9 5.0
    Average basket size (EUR) (last 12 months) 61.1 58.8

    *Definitions are available in the Annual Report 2023

    About Zalando

    Founded in Berlin in 2008, Zalando is building the leading pan-European ecosystem for fashion and lifestyle e-commerce around two growth vectors: Business-to-Consumer (B2C) and Business-to-Business (B2B). In B2C, we offer an inspiring and quality multi-brand shopping experience for fashion and lifestyle products to more than 50 million active customers in 25 markets. In B2B, we are using our logistics infrastructure, software and service capabilities to help brands and retailers run and scale their entire e-commerce business, on or off Zalando. As an ecosystem, Zalando aims to enable positive change for the fashion and lifestyle industry.

    Contact
    Media inquiries
    Carolyn Groß
    Business & Financial Communications

    Investor/Analyst inquiries
    Patrick Kofler
    Investor Relations

    05.11.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.
    The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
    Archive at

    Language: English
    Company: Zalando SE
    Valeska-Gert-Straße 5
    10243 Berlin
    Germany
    E-mail:
    Internet:
    ISIN: DE000ZAL1111
    WKN: ZAL111
    Indices: DAX
    Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
    EQS News ID: 2022189

    End of News EQS News Service

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  • L-P freshman QB made ‘a lot of growth’ – Shaw Local

    L-P freshman QB made ‘a lot of growth’ – Shaw Local

    La Salle-Peru coach Jose Medina said he thought freshman quarterback Marion Persich improved throughout the season.

    Persich completed 100 of 189 passes for 1,398 yards and nine touchdowns with nine interceptions as the Cavaliers finished 3-6.

    “I was pleased with his progression,” Medina said. “It was a little shaky at the beginning, but he won us some games this year with his arm and his legs. I saw a lot of growth out of him from the very beginning to our last game. I definitely look out for some big things from him in the future. I think the sky is the limit for him.”

    Medina said he thought Persich improved in terms of understanding when pressure was coming and when he needed to take off running.

    “He made some plays with his feet,” Medina said. “He did a good job keeping his head up and looking down the field as he was scrambling. That was a big thing for him. He made some plays by doing that.”

    Medina said there are some areas where Persich can improve his game.

    “The biggest thing I think he needs to work on is getting the ball out quickly when he needs to get the ball out quickly and just making the right choices and taking care of the football sometimes,” Medina said.

    St. Bede's Hueneburg runs the ball down the field against Ottawa on Friday, Oct. 25, 2024 at St. Bede Academy.

    LIFE LESSONS

    St. Bede had a tough season as the Bruins dealt with “a lot of adversity this year and a lot of it was nonfootball related with sicknesses and things that have happened to these kids,” St. Bede coach Jim Eustice said.

    The Bruins went 2-7 but ended on a positive note with a 38-28 win over Ottawa, which has more than 1,000 more students than St. Bede, in the finale Friday.

    “I’m so happy for these seniors,” Eustice said. “They’re a great group of young men. They’ve learned a lot about life this year. For them to persevere like they did and stay with it, they’ve got this for the rest of their lives. When things get tough, don’t quit, figure out how to keep going and find solutions. If you persevere and stay true, good things are going to happen, and good things happened for us tonight.

    “Our seniors will have this when they talk years from now. Everything that happened, and they ended up winning a game like this to end it.”

    STILL BUYING IN

    Hall-Putnam County finished 2-7 in coach Logan Larson’s first season at the helm, but he was pleased with the way the Red Devils continued to work even after a playoff berth was off the table.

    “We were a 2-6 team and the players showed up every day to go to the weight room at 6 a.m. all week,” Larson said. “That says a lot about the kids and where they’re at. It’s good to see they’re so bought in and believe in what we’re trying to do.”

    Larson said he’s sees potential for the future after his first season.

    “I set our standards really, really high. I think we’re cutting our kids short if we’re not setting our goals at the highest level. We want to be state champions,” Larson said. “The championships Hall has won in the past are on the scoreboard, and we see it every day. There are kids on the team who’s parents played on those championship teams.

    “That’s still in the community. There hasn’t been the top accomplishment recently, but we have a group of guys who really want that. They’re bought in. I knew this year was going to be tough because we installed a new offense and defense, and from a physical standpoint with where we were at in our speed and strength. But I know we have the potential moving forward. They stayed positive all year.

    GOING OUT WITH A BANG

    Elijah Endress’ last football game of his career was not only his best, but one of the best ever for a Bureau Valley player.

    The Storm senior running back rushed for 378 yards and four touchdowns to lead the Storm to a 47-34 win over Hamilton West Hancock in the 2024 season finale.

    If that was not enough, he also made 15 tackles on the defensive side of the ball.

    The 378 yards are the second-highest individual game in school history after Will Konneck’s 428-yard/six TD effort against Sherrard in 2015.

    WATCHING THEM GROW

    With his son, Andy, a senior on L-P this season, Medina has been around some members of the senior class for many years.

    “I actually had the opportunity to coach some of these young men in the youth program,” Jose Medina said. “So I’ve seen them develop and grow into a tough unit. Injuries really affected them a lot this year. But throughout the season, they stayed together. They’re a tight-knit group. When they needed to get on each other, they got on each other. It’s funny listening to them at practice and how they kind of bicker at one another, but at the same time, they support each other, pick each other up and back each other up whenever they need to.

    “This group of seniors really established that family, that closeness that we as coaches want to see the team buy into.”

    FIRST CATCH WITH STYLE

    Princeton senior Jace Stuckey didn’t just make his first career catch in the Tigers’ 61-14 win over Erie-Prophetstown. He made a spectacular, acrobatic 16-yard grab at the 9-yard line in the second quarter to set up a touchdown by Casey Etheridge on the next play.

    “I told him, ‘Maybe next time don’t make it so acrobatic and put on a show. Just catch it and get down.’ He said, ‘Hey, I’m just in it for the fans,’” Princeton coach Ryan Pearson said with a laugh. “But he made the catch. Hat’s off to him. I think that’s his first catch of the year. That was big for him.”

    FILLING THE SCHEDULE

    With the Interstate 8 and Chicagoland Prairie conferences each losing multiple teams after the 2023 season, La Salle-Peru and St. Bede had several holes to fill on the schedule for the 2024 season.

    The Cavaliers were forced to play conference foe Ottawa in a nonconference game in Week 3 before playing the Pirates again for the Interstate 8 matchup in Week 6. L-P also had to travel more than 220 miles and over three hours to play O’Fallon in Week 9.

    Medina said there could be a few changes for next season, including the possibility of a new opponent in Week 2 to replace Metamora.

    “We’re kind of scrambling right now to see who has open dates,” Medina said. “I gave [L-P athletic director] Steve Hanson a list of possible teams for Week 2. Week 3 we’ll probably play Ottawa again, but I’m not opposed to looking for another opponent.

    “Our schedule is probably one of the tougher ones in the state. Year in and year out we play four or five teams that make the playoffs. I’m not saying I want to make the schedule easier, but at the same time I think we need to work on getting some teams that are going to be more at our level that we can compete against and try to get those five wins.”

    As for St. Bede, to fill their five nonconference games, the Bruins had to resort to scheduling larger schools and top-notch programs.

    The Bruins’ schedule included seven schools larger than St. Bede and six teams that qualified for the postseason with a combined record of 40-14.

    Eustice looks to play more teams comparable in size next fall.

    “Next year, we still have some openings on the schedule,” Eustice said. “We’ll see what we can fill those with. Hopefully, we won’t be going through some of the things we had to go through schedule-wise. We hope districts or something will get passed. I don’t think it’s going to happen, so it is what it is. We are constantly looking. We’re trying to find 1A and 2A opponents we can play as opposed to 3A, 4A and even 5A opponents that we had to play this year. But we competed and I’m proud of this group.”

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