BBTV Holdings Inc. - BBTVF STOCK NEWS

BBTV Holdings Inc. (OTCQX: BBTVF) announced a strategic realignment to enhance its Content Management and Direct Advertising Sales operations, aiming for higher margin revenue growth. The company secured significant contracts with a major multinational entertainment conglomerate, becoming its largest Content Management client in history. BBTV is focusing on high-margin solutions, reporting an acceleration in enterprise Content Management revenue. The firm has also implemented cost optimization measures to boost profitability. Notably, the recent YouTube revenue-sharing changes support further monetization opportunities for creators.

BBTV Holdings Inc. reported Q4 2022 financial results, revealing a 22% decline in total revenue year-over-year, totaling $108.5 million. Base Solutions revenue dropped by 26%, while Plus Solutions grew by 22%, reaching $14.0 million. The net loss for Q4 surged to $165.7 million, primarily due to a non-cash goodwill impairment charge of $156.7 million. Despite challenges, the company noted a significant increase in viewership from YouTube Shorts, contributing to its growth. BBTV ended the quarter with $19.5 million in cash, aided by a recent $21.5 million liquidity injection from MEP Capital, enhancing its position against macroeconomic risks.

BBTV Holdings Inc. (TSX: BBTV, OTCQX: BBTVF) announced the release of its financial results for the fourth quarter and fiscal year 2022, set for March 8, 2023, after market close. A conference call hosted by CEO Shahrzad Rafati and CFO KB Brinkley will take place at 2:15 PM PT / 5:15 PM ET on the same day, including a Q&A session. BBTV, recognized as a leading creator monetization company, aims to enhance creators' success. Investors can access further information via the company's investor website. Significant metrics regarding viewership and content consumption reflect BBTV's status in the digital media landscape, with over 600 million unique monthly viewers.

BBTV Holdings Inc. (OTCQX: BBTVF) announced the appointment of Khamphiou "KB" Brinkley as Chief Financial Officer, effective January 18, 2023. Brinkley, a seasoned finance executive with over 23 years of experience in technology and media, will oversee all financial operations. Ben Groot will remain a part of the finance team focusing on financial planning. Additionally, Catherine Warren has been appointed as an independent director, taking over from Ryan Holmes, who stepped down for personal reasons. The management team aims to enhance profitability through higher margin Plus Solutions, with notable revenue growth reported in their third quarter results.

BBTV Holdings reported Q3 2022 revenues of $95.1 million, reflecting a 16% decline from the previous year, primarily driven by a 10% decrease in views and RPMs. However, Plus Solutions revenue grew by 14% to $10.5 million, showcasing resilience. The company ended the quarter with $20.8 million in cash and significantly reduced its long-term debt by 40%. Management anticipates that its Plus Solutions will achieve over 30% revenue growth in 2023. The acquisition of Outloud Media enhances its multi-platform monetization capabilities.

BBTV Holdings Inc. (OTCQX: BBTVF) announced a new agreement to deliver comprehensive Content Management solutions to Combate Global, a leading Hispanic MMA franchise. This partnership will enhance Combate Global's digital strategy, including YouTube Rights and Channel Management. BBTV continues to focus on its high-margin Content Management segment and aims to capitalize on the growing MMA market, especially among Spanish-speaking fans. The agreement follows a similar deal with The Harlem Globetrotters, reinforcing BBTV's momentum in the sports vertical.