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Mohamed Salah contract update: Liverpool star on brink of new deal as forward pushes Arne Slot's side towards Premier League titleLOS ANGELES — Until he sustained a season-ending knee injury last week in the Western Conference final, Galaxy playmaker Riqui Puig was having a tremendous season. So I heard. I watched Puig play only twice this year, once in the Galaxy's season-opening 1-1 draw with Inter Miami and a second time in his team's Fourth of July defeat to LAFC at the Rose Bowl. Outside of short highlight clips on social media, I never saw the former Barcelona prospect, not even when he assisted on the goal that sent the Galaxy to the MLS Cup final. That wasn't a reflection of my interest. Some of my friends will make fun of me for publicly admitting this, but I like Major League Soccer. I covered the league in my first job out of college and have casually kept up with it since. I take my children to a couple of games a year. My 11-year-old son owns Galaxy and LAFC hats but no Dodgers or Lakers merchandise. When flipping through channels in the past, if presented with the choice of, say, college football or MLS, I usually watched MLS. But not this year. While the MLS Cup final between the Galaxy and New York Red Bulls will be shown on Fox and Fox Deportes, the majority of games are now exclusively behind a paywall, courtesy of the league's broadcasting deal with Apple. MLS Season Pass subscriptions were reasonably priced — $79 for the entire season for Apple TV+ subscribers, $99 for non-subscribers — but I was already paying for DirecTV Stream, Netflix, Amazon Prime, PlayStation Plus and who knows what else. MLS became a casualty in my household, as well as in many others, and the possibility of being out of sight and out of mind should be a concern for a league that is looking to expand its audience. Which isn't to say the league made a mistake. This was a gamble MLS had to take. Now in the second year of a 10-year, $2.5 billion deal with Apple, MLS did what Major League Baseball is talking about doing, which is to centralize its broadcasting rights and sell them to a digital platform. Regional sports networks have been decimated by cord cutting, making traditional economic models unsustainable. The move to Apple not only increased the league's broadcast revenues — previous deals with ESPN, Fox and Univision were worth a combined $90 million annually, according to multiple reports — but also introduced a measure of uniformity in the league. The quality of the broadcasts are better than they were under regional sports networks. Viewers know where to watch games and when, as every one of them is on Season Pass and most of them are scheduled to start at 7:30 p.m. local time either on Wednesday or Saturday. "That's been fueling our growth and driving our fan engagement," MLS Commissioner Don Garber said Friday at his annual state of the league address. Apple and MLS declined to reveal the number of League Pass subscribers, but the league provided polling figures that indicated 94% of viewers offered positive or neutral reviews of League Pass. The average viewing time for a game is about 65 minutes for a 90-minute game, according to Garber. In other words, the League Pass is well-liked — by the people who have it. The challenge now is to increase that audience. The launch of League Pass last year coincided with the arrival of Lionel Messi, which presumably resulted in a wave of subscriptions. But the league can't count on the appearance of the next Messi; there is only one of him. MLS pointed to how its fans watch sports on streaming devices or recorded television than any other U.S. sports league, as well as how 71% of its fans are under the age of 45. The league also pointed to how it effectively drew more viewers to the Apple broadcast of Inter Miami's postseason opener with a livestream of a "Messi Cam' on TikTok, indicating further collaborations with wide-reaching entities could be in its future. Garber mentioned how Season Pass is available in other countries. The commissioner also made note of how Apple places games every week in front of its paywall. "What we have, really, is a communication problem," Garber said. "This is new, and we've got to work with Apple, we've got to work with our clubs and we've got to work with our partners to get more exposure to what we think is a great product." The greatest benefit to the league could be Apple's vested interest in improving the on-field product. MLS insiders said Apple has not only encouraged teams to sign more high-profile players but also pushed the league to switch to a fall-to-spring calendar more commonplace in other parts of the world, reasoning that doing so would simplify the process of buying and selling players. The on-field product is what matters. The on-field product is why MLS continues to face competition for viewers from overseas leagues. The on-field product is why the league hasn't succeeded in converting every soccer fan into a MLS fan. And ultimately, if casual viewers such as myself are to pay to watch the Galaxy or LAFC on a screen of some kind, the on-field product will be why. Be the first to know Get local news delivered to your inbox!Eagles WR DeVonta Smith (hamstring) ruled out vs. Rams

Three points for Peterborough United is a must on Wednesday night and these are the players to make it happen

The Salem Planning Board gave the green light last week for a charitable gaming facility to open in the former Lord & Taylor space at the Mall at Rockingham Park in Salem, the second such project in Southern New Hampshire. The board voted 5-2 to approve the project. The approval includes 24 conditions, including paying a public safety impact fee of approximately $106,200. Live! Casino is expected to bring more than 900 historic horse racing machines, table games, multiple restaurants, a sports lounge, golf simulators and a ballroom across two floors of the approximately 159,000-square-foot space. A similar concept is under construction at the former Sears at the Pheasant Lane Mall in Nashua, which will be called The Nash Casino, and expected to open this winter. The 130,000-square-foot venue will feature three restaurant concepts, a two-story sports entertainment complex with 1,200 historic horse racing machines and 62 table games, according to a news release. Two prominent local developers, Joe Faro and Sal Lupoli, have partnered with The Cordish Companies, a Baltimore developer-operator, for the project. Faro is the developer of the sprawling Tuscan Village across the street from the mall at the site of the old Rockingham Park horse track. Cordish has developed similar casinos at other malls, including Arundel Mills in Maryland, which, like the Salem mall, is owned by Simon Properties. The applicants first came to the board in October and have since worked to tweak plans for landscaping, parking and traffic improvements. The developer worked on the design with Planning Director Jacob LaFontaine and a hired consultant. “They have a brand identity that they would like to replicate,” he told the board. He said the town voted in 2017 to allow charitable gaming in certain areas of town, including the mall property. According to the developers, the facility will bring $31 million in charitable gaming and tax revenue and $125 million in annual economic stimulus to the region. The casino is expected to create 700 permanent jobs. Joe Sweeney, chairman of the Town Council, spoke in favor of the project and of the collaboration that went into the project. “I think we are going to see a lot of the questions that we have about this facility will be worked out between the town and the developers that are bringing it forward,” he said. “The business owners that are involved in this have really good strong ties to Salem.” Jamie and Chris Cummings of South Policy Road hired lawyer Amy Manzelli to speak about how the project will adversely impact them as neighbors of the project. The application doesn’t provide enough information about how it will impact abutting properties, including lighting conditions. She called the project “hypothetical” because of a deed restriction which prohibits any gaming facilities. “The application is lacking in required consideration of neighborhood impacts and cannot be approved,” Manzelli said. A lawyer for the project said under New Hampshire law the deed restriction has expired. The developers have proposed fences and other landscaping to block the view of the casino of nearby homes based on some of the feedback. Live! Casino is expected to open next year.

OTTAWA — NDP Leader Jagmeet Singh said he won't play Conservative Leader Pierre Poilievre's games by voting to bring down the government on an upcoming non-confidence motion. The Conservatives plan to introduce a motion that quotes Singh's own criticism of the Liberals, and asks the House of Commons to declare that it agrees with Singh and has no confidence in the government. The motion is expected to be introduced on Thursday and the debate and vote are set for Monday. Singh said he is not going to trigger an election when he believes Poilievre would cut programs the NDP fought for. "I'm not going to be playing Pierre Poilievre's games. I have no interest in that. We're frankly not going to allow him to cut the things that people need. I want to actually have dental care expanded, I want people to actually start to benefit from the pharmacare legislation we passed," Singh said. With the NDP's expected support, the Liberals should survive this next confidence vote brought forward by the Conservatives. The Tories have vowed to bring forward non-confidence motions every chance they get. The party will have two more opposition motions after this one, which are expected to continue to call for non-confidence. The NDP are scheduled to have their opposition day on Friday. Earlier on Tuesday, Singh did acknowledge that the Conservatives have a sizeable lead on the NDP in public opinion polls, while giving a campaign-style speech to visiting party staffers from across the country. Most pollsters in Canada have recorded a roughly 20 point lead for the Conservatives over both the Liberals and NDP for the last few months. The non-confidence vote was scheduled after Speaker Greg Fergus intervened to pause a filibuster on a privilege debate about a green technology fund. The Conservatives have said they would only end that debate if the NDP agree to topple the government or if the Liberals turn over unredacted documents at the centre of the parliamentary gridlock. This report by The Canadian Press was first published Dec. 3, 2024. David Baxter, The Canadian PressThe first half of the SEC Championship proved a rather dour affair, filled with lots of huffing and puffing but little quality in the most important areas of the field. Neither Texas nor Georgia found the end zone in the opening 30 minutes of Saturday's contest, although the Longhorns looked far more efficient with the ball in their possession. Nevertheless, Steve Sarkisian's side limped to just six points despite collecting 200 more yards than the Bulldogs did. One reason why? Penalties. The Longhorns were whistled for eight infractions in the first half, losing a combined 80 yards worth of territory. Georgia, on the other hand, only received two infractions in the same frame. MORE TEXAS-GEORGIA: Live updates from Longhorns-Bulldogs | Who is Matthew Golden? Sarkisian was less than pleased with the disparity in infractions recognized by the officiating crew. In a halftime interview with ESPN's Laura Rutledge, he snapped, firing off a short and snappy response perfectly encapsulating his thoughts on the matter. Here's what you need to know. Steve Sarkisian halftime interview video Steve Sarkisian doesn't seem happy with the officiating 😅 pic.twitter.com/BzUJjxPp7d Sarkisian very well could have set the record for world's quickest interview, serving up 13 words to sum up his dismay with the officiating crew in the first half. "Well, hopefully they call them for a holding one of these times, too," Sarkisian quipped. The Longhorns saw two positive plays knocked off due to offensive holding. Georgia, on the other hand, got off scot-free, only incurring penalties on an unnecessary roughness call and a delay of game. Subjectivity is the name of the game when determining holding calls. It seems luck was not on Texas' side to start the contest. Only time will tell if the refereeing crew evens things up as the game goes on.Host Hotels & Resorts Inc. stock underperforms Tuesday when compared to competitors despite daily gains

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Empowered Funds LLC Has $769,000 Stock Holdings in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK)SACRAMENTO, Calif. (AP) — Marquel Sutton scored 23 points as Omaha beat Sacramento State 70-60 on Saturday night. Sutton added eight rebounds for the Mavericks (4-7). Tony Osburn scored 15 points and added five rebounds and three steals. JJ White had nine points and went 4 of 5 from the field. Jacob Holt led the way for the Hornets (2-7) with 15 points, six rebounds and two blocks. Mike Wilson added nine points and six rebounds for Sacramento State. Chudi Dioramma had seven points, 10 rebounds and two blocks. Omaha's next game is Friday against Northern Iowa on the road, and Sacramento State hosts UC Davis on Saturday. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar . For copyright information, check with the distributor of this item, Data Skrive. Get local news delivered to your inbox!WILLMAR — Telilie Lange has done a little bit of everything since eighth grade for the Willmar girls basketball team. She's a scorer, a passer, a rebounder and a defender. In two games last week, the junior guard averaged 9 points, 5 rebounds, 5 assists and 4 steals. It helped Lange earn Central Lakes Conference Performer of the Week honors. Also earning performer of the week accolades are Willmar girls hockey players Avery Olson and Erin Eilers. Olson, a senior captain and forward, scored two goals in the Cardinals' first win of the season, a 4-0 victory over New Ulm. Eilers, another senior captain and a goaltender, made 24 saves in the shutout of the Eagles. Others picking up CLC performer of the week honors include: * From Alexandria, girls basketball player Hadley Thul; * From Detroit Lakes, senior boys hockey player Brock Bender; * From Rocori, boys wrestler Easton Rossman, who is an eighth-grader; * And from Sauk Rapids, girls wrestler McKenzie Wagmen-Kelly. All-District football BOLD had four players named to the West Sub-District North Division All-Academic football team. Warriors seniors Jack Gross and Jacob Remer and juniors Owen Baumgartner and Max Mabee all made the team. Dawson-Boyd seniors Brayson Boike and Mitchell Myers and junior Evan Mork also were selected, as were MACCRAY's Tobyn Dalle and Jaden Dirksen. Dalle is a senior and Dirksen is a junior. Also on the all-academic team from Lac qui Parle Valley are senior Landon Weber and juniors Elias Alonso and Talen Kranz. Yellow Medicine East senior Jacob Peterson and junior Cooper McCosh also were selected. Other North Division district honors include BOLD's Hudson Vosika being named the Most Valuable Player and top special teams player, Boike being named the top offensive back and defensive back and Owen Flann being selected the top offensive lineman. All are seniors. All West Sub-District North players from area schools include: * From BOLD, Flann, Gross, Carson Serbus (senior), Vosika and Emmitt Flann (junior) with senior Kaden Fischer and Baumgartner earning honorable mention. * From Dawson Boyd, Boike, Gunnar Olson (sr.), Nathan Hansen (jr.) and Gunner Liebl (jr.) with seniors Drew Hjelmeland and Collin Olson earning honorable mention. * From LQPV, seniors Brock Bjornjeld, Tyler Erp, Davis Patzer and Landon Weber with seniors Tygan Allpress and Kayden Kessler earning honorable mention. * From MACCRAY, Grayson Ahrenholz (sr.), Blake Grimsley (jr.), Petyon Schlagel (jr.) and Kaden Arenholz (freshman) with seniors Talen Niemeyer and Ethan Strommer earning honorable mention. * And from YME, senior Eric Jimenez with seniors Brady Dahlager and Jacob Ulrich earning honorable mention. All-Camden volleyball MACCRAY junior Brielle Janssen was named Most Valuable Player of the Camden Conference and along with teammates Emma Thein and Mia Post, was named to the all-conference team. Thein is a junior and Post is a sophomore. Renville County West's Johanna Braun, Avery Roxberg and Holly Hinderks were also named All-Camden. Braun and Roxberg are seniors and Hinderks is a junior. Central Minnesota Christian's Emmi Braem (junior) and Aurora Rosen (sophomore) also earned all-conference honors. Also on the all-conference team are: LQPV senior Jalyn Lee, Kerkhoven-Murdock-Sunburg senior Madelynn Luft, YME junior Alana Almich and Dawson-Boyd junior Reese Johnson. Honorable mentions include MACCRAY senior Alexis Nurmi, CMCS sophomore Maddy Vander Ark, RCW sophomore Ella Ridl, YME ninth-grader Abbey Bones, Dawson-Boyd senior Bailey Bothun, LQPV senior Brandi Meyer and KMS senior Abby Holtkamp. MACCRAY's Tory Bouwer was named Camden coach of the year. Laker Commits Minnewaska baseball player Noah Jensen recently signed an NCAA national letter of intent to play for Division II Minnesota-Crookston. Jensen is a two-time All-West Central Conference selection heading into his senior season. Jensen's eight home runs last season were a school record. He has a school-record 11 career home runs. Coaching milestone Minnetonka girls hockey coach Tracy Cassano (formerly Engstrom) recently coached her 500th career game. The Willmar High School graduate has 284 career victories. She also has coached at Rosemount, Chaska/Chanhassen and Burnsville. Cassano is a former University of Minnesota women's hockey player who was a two-time captain for the Gophers. She also helped the Gophers to the Women's College Hckey Alliance championship in 2000. Notable Yes, that was former Minnesota Vikings great Chuck Foreman in Willmar on Sunday, Nov. 24. The former running back was at a Vikings watch party at the Willmar Elks Lodge No. 952 when Minnesota beat the Chicago Bears.

Those interested in working for Robert F. Kennedy Jr ., the nominee for Health and Human Services secretary, can fill out an online application that asks a series of bizarre personality questions. The online questionnaire, which can be obtained here , asks applicants to complete a puzzle and synonym test before undergoing a personality survey – presumably to join Kennedy’s team and potentially the Department of HHS. It is unclear where the test originated but it was first flagged by Puck News , which claimed it confirmed with the Trump team that Kennedy’s team is using to vet potential employees. One section, reviwed by The Independent, asks applicants to pick three or more attitudes that suit them such as, “I require excessive admiration” or “I don’t have that much interest in having a sexual experience with another person.” One option offers, “I believe in things many others don’t – like having a ‘sixth sense,’ clairvoyance, and telepathy – and as an adolescent, I had bizarre fantasies or preoccupations.” Those appear to be the criteria for a schizotypal personality disorder and narcissistic personality disorder laid out in the Diagnostic and Statistical Manual of Mental Disorders, 5th Edition. Seemingly, the test asks those questions in order to vet people who may have mental health issues. In the personality trait selection section, applicants are asked to choose five traits that apply most to themselves. Those options include, “Believe that too much tax money goes to support artists” (a belief supported by The Heritage Foundation ), “Do not like poetry”, and “Try to avoid complex people” among others. The application also includes a section in which people must complete puzzles based on patterns and also match a word to its synonym. It is unclear what exactly Kennedy’s team is looking for in applicants or what the application is for exactly. A spokesperson for Trump’s campaign told Puck confirmed the questionaire is real and that, “Many nominees and appointees are soliciting résumés and then submitting them to the transition for the consideration and process”. Trump tapped Kennedy to lead the HHS department last month which stirred controversy. Kennedy, a former environmental lawyer, has espoused health-related conspiracy theories including attributing vaccines to sudden death or autism and pharmaceuticals to increased liklihood of young people committing mass shootings. Already, Kennedy has claimed that if he is confirmed he will ban flouride from drinking water. The Independent has asked the Trump team for comment.

Eagles WR DeVonta Smith (hamstring) ruled out vs. RamsSANTA CLARA, Calif. , Dec. 3, 2024 /PRNewswire/ -- Couchbase, Inc. (NASDAQ: BASE ), the developer data platform for critical applications in our AI world, today announced financial results for its third quarter ended October 31, 2024. "I'm pleased with the continued operational progress of the entire Couchbase team," said Matt Cain , Chair, President and CEO of Couchbase. "We delivered top- and bottom-line results that exceeded our outlook, and we achieved another significant milestone with Capella, which now represents 15.1% of our ARR and one third of our customer base. I remain highly confident in our outlook and ability to achieve our objectives in fiscal 2025." Third Quarter Fiscal 2025 Financial Highlights Revenue: Total revenue for the quarter was $51.6 million , an increase of 13% year-over-year. Subscription revenue for the quarter was $49.3 million , an increase of 12% year-over-year. Annual recurring revenue (ARR): Total ARR as of October 31, 2024 was $220.3 million , an increase of 17% year-over-year, or 16% on a constant currency basis. See the section titled "Key Business Metrics" below for details. Gross margin: Gross margin for the quarter was 87.3%, compared to 88.8% for the third quarter of fiscal 2024. Non-GAAP gross margin for the quarter was 88.2%, compared to 89.5% for the third quarter of fiscal 2024. See the section titled "Use of Non-GAAP Financial Measures" and the tables titled "Reconciliation of GAAP to Non-GAAP Results" below for details. Loss from operations: Loss from operations for the quarter was $19.2 million , compared to $17.5 million for the third quarter of fiscal 2024. Non-GAAP operating loss for the quarter was $3.5 million , compared to $5.0 million for the third quarter of fiscal 2024. Cash flow: Cash flow used in operating activities for the quarter was $16.9 million , compared to cash flow used in operating activities of $12.7 million in the third quarter of fiscal 2024. Capital expenditures were $0.6 million during the quarter, leading to negative free cash flow of $17.5 million , compared to negative free cash flow of $13.8 million in the third quarter of fiscal 2024. Remaining performance obligations (RPO): RPO as of October 31, 2024 was $211.3 million , an increase of 29% year-over-year. Recent Business Highlights Announced Capella AI Services to provide the critical capabilities and tools required for our customers to streamline the development of agentic AI applications. The new AI Services include model hosting, automated vectorization, unstructured data preprocessing and AI agent catalog services, allowing organizations to prototype, build, test and deploy AI agents while keeping models and data close together on one unified platform. Couchbase's innovation and newest features with AI Services are on display at AWS re:Invent this week. Continued to advance the Couchbase platform with three major releases: Capella Columnar which converges operational and real-time analytics; Mobile with vector search which makes it possible for businesses to offer similarity and hybrid search in their applications on mobile and at the edge; and Capella Free Tier, a workspace which empowers developers to work faster. Expanded Couchbase's AI partner ecosystem through new and recently introduced integrations with industry leaders including Amazon Bedrock, Azure OpenAI, Google Vertex AI, Haystack, LangChain, LlamaIndex, NVIDIA NIM/NeMo, Unstructured.io, Vectorize and others. These integrations help empower our customers to more easily develop enterprise-class, RAG-based solutions and meet their specific deployment needs. Recognized innovative Couchbase customer achievements through the 2024 Customer Impact Awards, demonstrating how leading companies are leveraging Couchbase's technology to transform their operations. For one of the award recipients – a leading software and technology company that powers the global travel industry serving a wide range of travel companies including airlines, hoteliers, travel agencies and other suppliers – Couchbase will enable a distributed, always-on transactional system. Couchbase handles hundreds of thousands of read transactions and more than 1,000 updates per second for this customer. Financial Outlook For the fourth quarter and full year of fiscal 2025, Couchbase expects: The guidance provided above is based on several assumptions that are subject to change and many of which are outside our control. If actual results vary from these assumptions, our expectations may change. There can be no assurance that we will achieve these results. Couchbase is not able, at this time, to provide GAAP targets for operating loss for the fourth quarter or full year of fiscal 2025 because of the difficulty of estimating certain items excluded from non-GAAP operating loss that cannot be reasonably predicted, such as charges related to stock-based compensation expense. The effect of these excluded items may be significant. Conference Call Information Couchbase will host a live webcast at 1:30 p.m. Pacific Time (or 4:30 p.m. Eastern Time ) on Tuesday, December 3, 2024, to discuss its financial results and business highlights. The conference call can be accessed by dialing 877-407-8029 from the United States , or +1 201-689-8029 from international locations. The live webcast and a webcast replay can be accessed from the investor relations page of Couchbase's website at investors.couchbase.com . About Couchbase As industries race to embrace AI, traditional database solutions fall short of rising demands for versatility, performance and affordability. Couchbase is seizing the opportunity to lead with Capella, the developer data platform for critical applications in our AI world. By uniting transactional, analytical, mobile and AI workloads into a seamless, fully-managed solution, Couchbase empowers developers and enterprises to build and scale applications with complete flexibility – delivering exceptional performance, scalability and cost-efficiency from cloud to edge and everything in between. Trusted by over 30% of the Fortune 100, Couchbase enables organizations to unlock innovation, accelerate AI transformation and redefine customer experiences wherever they happen. Discover why Couchbase is the foundation of critical everyday applications by visiting www.couchbase.com and following us on LinkedIn and X . Couchbase has used, and intends to continue using, its investor relations website and the corporate blog at blog.couchbase.com to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations website and the corporate blog in addition to following our press releases, SEC filings and public conference calls and webcasts. Use of Non-GAAP Financial Measures In addition to our financial information presented in accordance with GAAP, we believe certain non-GAAP financial measures are useful to investors in evaluating our operating performance. We use certain non-GAAP financial measures, collectively, to evaluate our ongoing operations and for internal planning and forecasting purposes. We believe that non-GAAP financial measures, when taken together with the corresponding GAAP financial measures, may be helpful to investors because they provide consistency and comparability with past financial performance and meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our business, results of operations or outlook. Non-GAAP financial measures are presented for supplemental informational purposes only, have limitations as analytical tools and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP, and may be different from similarly-titled non-GAAP financial measures used by other companies. In addition, other companies, including companies in our industry, may calculate similarly-titled non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures (provided in the financial statement tables included in this press release), and not to rely on any single financial measure to evaluate our business. Non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating loss, non-GAAP operating margin, non-GAAP net loss and non-GAAP net loss per share: We define these non-GAAP financial measures as their respective GAAP measures, excluding expenses related to stock-based compensation expense, employer payroll taxes on employee stock transactions, restructuring charges and impairment of capitalized internal-use software. We use these non-GAAP financial measures in conjunction with GAAP measures to assess our performance, including in the preparation of our annual operating budget and quarterly forecasts, to evaluate the effectiveness of our business strategies and to communicate with our board of directors concerning our financial performance. For the fourth quarter of fiscal 2024, we excluded the impairment of capitalized internal-use software, a non-cash operating expense, from our non-GAAP results as it is not reflective of ongoing operating results. This impairment charge related to certain previously capitalized internal-use software that we determined would no longer be placed into service. Prior period non-GAAP financial measures have not been adjusted to reflect this change as we did not incur impairment of capitalized internal-use software in any prior period presented. Free cash flow: We define free cash flow as cash used in operating activities less additions to property and equipment, which includes capitalized internal-use software costs. We believe free cash flow is a useful indicator of liquidity that provides our management, board of directors and investors with information about our future ability to generate or use cash to enhance the strength of our balance sheet and further invest in our business and pursue potential strategic initiatives. Please see the reconciliation tables at the end of this press release for the reconciliation of GAAP and non-GAAP results. Key Business Metrics We review a number of operating and financial metrics, including ARR, to evaluate our business, measure our performance, identify trends affecting our business, formulate business plans and make strategic decisions. We define ARR as of a given date as the annualized recurring revenue that we would contractually receive from our customers in the month ending 12 months following such date. Based on historical experience with customers, we assume all contracts will be renewed at the same levels unless we receive notification of non-renewal and are no longer in negotiations prior to the measurement date. For Capella products, ARR in a customer's initial year is calculated as the greater of: (i) initial year contract revenue as described above or (ii) annualized prior 90 days of actual consumption; and ARR for subsequent years is calculated with method (ii). ARR excludes services revenue. Prior to fiscal 2025, ARR excluded on-demand revenue and, for Capella products in a customer's initial year, ARR was calculated solely on the basis of initial year contract revenue. The reason for these changes is to better reflect ARR where usage rates or timing of purchases may be uneven and to better align with how ARR is used to measure the performance of the business. ARR for prior periods has not been adjusted to reflect this change as it is not material to any period previously presented. ARR should be viewed independently of revenue, and does not represent our revenue under GAAP on an annualized basis, as it is an operating metric that can be impacted by contract start and end dates and renewal dates. ARR is not intended to be a replacement for forecasts of revenue. Although we seek to increase ARR as part of our strategy of targeting large enterprise customers, this metric may fluctuate from period to period based on our ability to acquire new customers, expand within our existing customers and consumption dynamics. We believe that ARR is an important indicator of the growth and performance of our business. We also attempt to represent the changes in the underlying business operations by eliminating fluctuations caused by changes in foreign currency exchange rates within the current period. We calculate constant currency growth rates by applying the applicable prior period exchange rates to current period results. Forward-Looking Statements This press release contains "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management's beliefs and assumptions and on information currently available to management. Forward-looking statements include, but are not limited to, quotations of management, the section titled "Financial Outlook" above and statements about the expected client demand for and benefits of our offerings, the impact of our recently-released and planned products and services and our market position, strategies and potential market opportunities. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements include all statements that are not historical facts and, in some cases, can be identified by terms such as "anticipate," "expect," "intend," "plan," "believe," "continue," "could," "potential," "remain," "may," "might," "will," "would" or similar expressions and the negatives of those terms. However, not all forward-looking statements contain these identifying words. Forward-looking statements involve known and unknown risks, uncertainties and other factors, including factors beyond our control, which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks include, but are not limited to: our history of net losses and ability to achieve or maintain profitability in the future; our ability to continue to grow on pace with historical rates; our ability to manage our growth effectively; intense competition and our ability to compete effectively; cost-effectively acquiring new customers or obtaining renewals, upgrades or expansions from our existing customers; the market for our products and services being highly competitive and evolving, and our future success depending on the growth and expansion of this market; our ability to innovate in response to changing customer needs, new technologies or other market requirements, including new capabilities, programs and partnerships and their impact on our customers and our business; our limited operating history, which makes it difficult to predict our future results of operations; the significant fluctuation of our future results of operations and ability to meet the expectations of analysts or investors; our significant reliance on revenue from subscriptions, which may decline and, the recognition of a significant portion of revenue from subscriptions over the term of the relevant subscription period, which means downturns or upturns in sales are not immediately reflected in full in our results of operations; and the impact of geopolitical and macroeconomic factors. Further information on risks that could cause actual results to differ materially from forecasted results are included in our filings with the Securities and Exchange Commission that we may file from time to time, including those more fully described in our Annual Report on Form 10-K for the fiscal year ended January 31, 2024 . Additional information will be made available in our Quarterly Report on Form 10-Q for the quarter ended October 31, 2024 that will be filed with the Securities and Exchange Commission, which should be read in conjunction with this press release and the financial results included herein. Any forward-looking statements contained in this press release are based on assumptions that we believe to be reasonable as of this date. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements. The following table presents a reconciliation of free cash flow to net cash provided by (used in) operating activities, the most directly comparable GAAP measure, for each of the periods indicated (in thousands, unaudited): SOURCE Couchbase, Inc.