SOURCES

Corporate Media Analysis Report

Business Insider. “Top Analyst Doubles Down on Celsius (CELH) Stock Following Q4 Results Bounce.” Markets Insider, https://markets.businessinsider.com/news/stocks/top-analyst-doubles-down-on-celsius-celh-stock-following-q4-results-bounce-1034405036.

Celsius Holdings, Inc. Celsius Holdings Reports Third Quarter 2024 Financial Results. 2024. https://s203.q4cdn.com/427437840/files/doc_news/Celsius-Holdings-Reports-Third-Quarter-2024-Financial-Results-2024.pdf.

Celsius Holdings, Inc. Q4 2024 Earnings Call. 2024. https://s203.q4cdn.com/427437840/files/doc_financials/2024/q4/Celsius-Holdings-Inc-Q4-2024-Earnings Call.pdf.

Celsius Holdings, Inc. Q4 2024 Investor Presentation. 2024. https://s203.q4cdn.com/427437840/files/doc_financials/2024/q4/Q4-2024-Investor-Presentation-022025-Final.pdf.

Celsius Holdings, Inc. Q4 and FY 2024 Earnings Press Release. 2024 https://s203.q4cdn.com/427437840/files/doc_financials/2024/q4/Q4-and-FY24-Earnings-Press-Release-FINAL-022025.pdf.

Forbes. “What’s Happening with CELH Stock?” Forbes, 21 Feb. 2025, https://www.forbes.com/sites/greatspeculations/2025/02/21/whats-happening-with-celh-stock/.

Nasdaq. “Celsius Holdings Q4 Earnings on Deck: What to Expect from CELH?” Nasdaq, https://www.nasdaq.com/articles/celsius-holdings-q4-earnings-deck-what-expect-celh.

Yahoo Finance. “Celsius (CELH) Q4 Earnings: Key Takeaways and Wall Street Estimates.” Yahoo Finance, https://finance.yahoo.com/news/celsius-celh-q4-earnings-key-143003629.html.

Yahoo Finance. “Celsius Shares Skyrocket After Alani Nu Acquisition.” Yahoo Finance, https://finance.yahoo.com/news/celsius-shares-skyrocket-alani-nu-103601248.html.

Yahoo Finance. “Watch Intel Price Levels as Stock Moves Higher.” Yahoo Finance, https://finance.yahoo.com/news/watch-intel-price-levels-stock-021733493.html.

Infographic

Beverage Industry. (2019, October 31). CELSIUS BCAA +Energy Recovery Drink [Photograph]. https://www.bevindustry.com/articles/92533-celsius-bcaa-energy-recovery-drink.

Celsius. “About.” Celsius, Celsius Holdings, Inc. , www.celsius.com/about/.

Celsius Holdings, Inc. “Celsius Holdings, Inc. – Investor Relations.” Celsiusholdingsinc.com, 2024,   ir.celsiusholdingsinc.com/overview/default.aspx.

Celsius Holdings, Inc. Q4 2024 Investor Presentation. 2024. https://s203.q4cdn.com/427437840/files/doc_financials/2024/q4/Q4-2024-Investor-Presentation-022025-Final.pdf.

SWOT Analysis

Celsius Holdings, Inc. “Celsius Holdings, Inc. – Financials – Quarterly Results.” Celsiusholdingsinc.com,     2024, ir.celsiusholdingsinc.com/financials/quarterly-results/default.aspx.

CNBC. “Celsius Holdings Inc.” Celsius Holdings Inc, CNBC, 2024, www.cnbc.com/quotes/CELH.

Guru Focus. “Decoding Celsius Holdings Inc (CELH): A Strategic SWOT Insight.” Gurufocus.com, 2025, http://www.gurufocus.com/news/2727988/decoding-celsius-holdings-inc-celh-a-strategic-swot-insight.

Yahoo Finance. “The Celsius Holdings Inc (CELH) Company: A Short SWOT Analysis.” Yahoo Finance, 8 Nov. 2023, finance.yahoo.com/news/celsius-holdings-inc-celh-company-050942242.html.

Thought-Leadership Piece

Celsius Holdings, Inc. “August 2021 ESG Report.” Celsius Holdings Inc, Aug. 2021, s203.q4cdn.com/427437840/files/doc_news/2021/CELH-ESGFINAL.pdf.

World Health Organization. “Obesity and Overweight.” WHO, March 9, 2023. https://www.who.int/news-room/fact-sheets/detail/obesity-and-overweight.