The company said its board of directors authorized a new $1 billion stock repurchase program covering Class A common stock and Class B common stock on July 15, 2025.

1. 01

   The company said its board of directors authorized a new $1 billion stock repurchase program covering Class A common stock and Class B common stock on July 15, 2025.

2. 02

   The company said the new program is in addition to the existing $1 billion program authorized in September 2021, under which about $303 million remains. The press release said total authorization will increase to $1.3 billion.

3. 03

   The company said it plans to begin repurchasing shares at an accelerated pace following its fiscal 2025 Q4 earnings release in August, due to trading black-out restrictions. It said the program has no time limit and may be modified, suspended or discontinued at any time.

4. 04

   The company said it plans to repurchase, from time to time, a combination of its Class A and Class B common stock in the open market or otherwise, subject to market conditions and the market price of its stock. Chief Executive Robert Thomson said he believes the company's stock trades at a significant discount to its intrinsic value.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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