)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
Seadrill (SDRL) investor relations material
Seadrill Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary6 Nov, 2025
Executive summary
Secured over $300 million in new contract awards, raising total backlog to $2.5 billion, with new contracts across five rigs and strategic extensions in Angola and the U.S. Gulf, supporting high utilization and operational excellence.
Notable contract values include $577 million for West Carina, $525 million for West Jupiter, $518 million for West Polaris, and $539 million for West Tellus, all with Petrobras in Brazil.
Net loss for Q3 2025 was $11 million, with Adjusted EBITDA of $86 million, reflecting higher operating and management contract expenses.
Joint venture rigs in Angola managed through Sonadrill, with Seadrill earning management fees rather than dayrates.
Upgrades and partnerships, such as with Trendsetter, enhance rig capabilities and open new market opportunities, especially in well intervention and P&A.
Financial highlights
Q3 2025 operating revenues were $363 million, up 3% year-over-year but down sequentially, mainly due to fewer operating days and lower economic utilization.
Adjusted EBITDA was $86 million, a sequential decrease of $20 million.
Net loss: $11 million, improved from $42 million loss in Q2 2025; diluted loss per share: $(0.17).
Total liquidity at quarter-end was $600 million, with $428 million in cash and $625 million in gross principal debt.
Free Cash Flow: $9 million for Q3 2025; net cash provided by operating activities: $28 million.
Outlook and guidance
Full-year 2025 operating revenue guidance narrowed to $1.36–$1.39 billion, with Adjusted EBITDA guidance at $330–$360 million and capex at $280–$300 million.
Market recovery anticipated from late 2026 into 2027, with increased utilization and day-rate progression expected.
Africa and Asia identified as key regions for incremental demand over the next 18 months.
Management expects continued market softness and increased competition in the near term.
Impact of new contracts on 2026 contract gaps
What drove the narrowed 2025 EBITDA guidance?
Explain Q3 FCF given operating cash flow
Petrobras cost reduction talks: blend & extend?
Strategy for West Capella and Carina rigs
Africa & Asia: key demand drivers for rigs?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Seadrill earnings date
Q4 202526 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Seadrill Limited provides offshore drilling services to the oil and gas industry worldwide. The company offers deepwater rigs, such as semi-submersible, jackup rigs, platform rigs, and drillships; and shallow water and coastal rigs, including integrated shallow water rigs comprising semisubmersible and jackup rig components. Seadrill Limited is based in Hamilton, Bermuda.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage