MAM
Simran Hoon steps down as QYOU Media India CEO
Mumbai: QYOU Media India CEO Simran Hoon has decided to move on from her current role at the company. During her tenure, Hoon’s leadership as the company’s maiden CEO has been instrumental in scaling the company to new heights and spearheading its expansion. Her strategic insights and unwavering commitment have guided the growth for QYOU Media India into a dynamic brand that resonates with its audiences. Hoon’s guidance has played a significant role in shaping QYOU Media India as a brand known for its creativity, innovation, and forward-thinking approach in the media and entertainment landscape.
Simran Hoon took the helm as CEO in 2021 and in a very short span of time, expanded QYOU Media India’s footprint across linear and digital business with the launch of channels and apps. She also oversaw the strategic acquisition of key media assets, forging partnerships that allowed QYOU Media India to reach new audiences and diversify its offerings.
Speaking on the development, QYOU Media CEO and co-founder Curt Marvis said, “The Board of Directors and I want to thank Simran for all of her determined efforts and accomplishments on behalf of QYOU Media in India. During her time with us we have furthered the foundation and scale of our business across the board and we wish her the best in all of her new endeavors.”
Looking back at her journey at QYOU Media India, Simran Hoon said, “It has been an incredible journey leading this company along with a team of talented professionals who are truly committed to pushing the boundaries of media and entertainment. I am grateful for this opportunity and shall cherish the learnings in leading India’s youngest and fastest-growing media and entertainment company.”
Brands
Domino’s Q1 profit falls 6.6 per cent, announces $1 billion buyback
Sales rise 3.4 per cent as pizza giant balances growth and shareholder returns
NEW YORK: Domino’s reported a mixed start to 2026, with first-quarter net income slipping even as global sales and store expansion held steady. The company also announced a fresh $1 billion share buyback, underlining its continued focus on shareholder returns.
Global retail sales rose 3.4 per cent on a constant-currency basis to $4.74 billion. The US remained a key growth engine, with same-store sales inching up 0.9 per cent, supported by a 1.5 per cent rise at company-owned outlets.
International markets, however, painted a more uneven picture. While Domino’s added 161 net new stores overseas during the quarter, international same-store sales declined 0.4 per cent. Overall revenues still climbed 3.5 per cent to $1.15 billion, driven by higher supply chain revenues and a 2.6 per cent increase in food basket pricing for franchisees.
On the profitability front, net income fell 6.6 per cent to $139.8 million, compared to $149.7 million a year earlier. Diluted earnings per share dropped to $4.13 from $4.33. The decline was largely attributed to a $30 million unfavourable swing in unrealised gains linked to its investment in DPC Dash Ltd.
Despite this, operational performance showed resilience. Income from operations rose 9.6 per cent to $230.4 million, supported in part by a $7.8 million pre-tax gain from the sale of a corporate aircraft.
Domino’s footprint continued to expand, with the company ending the quarter at 22,322 stores across more than 90 markets. In the US, digital orders remained dominant, accounting for over 85 per cent of retail sales in 2025.
The company also maintained its dividend payout, declaring $1.99 per share, payable on 30 June 2026. After repurchasing $75.1 million worth of stock during the quarter, the new authorisation lifts the total available for buybacks to $1.29 billion.
Domino’s chief executive officer Russell Weiner said the company’s scale and store-level economics position it well to capture further market share in 2026, even as competition intensifies.
As Domino’s leans into expansion and capital returns, the latest results show a business managing short-term pressures while keeping its long-term growth strategy firmly in play.
