Digital Revenue Growth
Digital revenue accounted for 22% of total revenue, with digital segment operating income growing from $100,000 in Q1 '24 to $1.9 million in Q1 2025, demonstrating significant growth and margin expansion.
Strong Performance in Legal and HVAC Segments
Legal services grew nearly 5% year-over-year, driven by Q visual billboards and sponsorships, while HVAC increased by 12%, reflecting targeted outreach and digital integration success.
Successful Sports Partnerships
Established a landmark multiyear partnership with University of Michigan Athletics and expanded flagship relationships with major professional teams, enhancing revenue opportunities and audience engagement.
Adjusted EBITDA Improvement
Adjusted EBITDA increased by 28% to $1.1 million, reflecting strategic cost initiatives and disciplined operational execution.
Debt Reduction and Interest Expense Decrease
Interest expense declined by $2.2 million year-over-year due to strategic debt reduction, ending Q1 2025 with $220 million in total principal outstanding.