The company continues to expect fiscal year 2025 net revenue in the range of $295 million to $310 million with an Adjusted EBITDA margin in the mid-single digit percentage range, excluding non-routine items. For the second quarter 2025, the company expects net revenue to be in the range of $70 million to $73 million and Adjusted EBITDA margin in the range of 3% to 4%. The quarterly sequential trends in net revenue and Adjusted EBITDA margin are driven largely by the timing of Easter, delays of some large events into the second half of the year, and typical quarter-to-quarter mix-shift in average ticket prices.
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