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BBTV Holdings Inc. (BBTVF) is a global media and technology company based in Vancouver, Canada, with a mission to empower content creators of all sizes. The company offers end-to-end solutions to boost viewership and revenue, driven by innovative technology. BBTV caters to a diverse range of creators, from individuals to major media brands, allowing them to focus on content creation while the company handles the rest. With over 600 million unique monthly viewers worldwide and more than 35 billion minutes of video content consumed, BBTV is a prominent player in the digital media landscape.
BBTV Holdings Inc. reported Q1 2022 financial results with a 69% growth in Plus Solutions revenue, which constituted 13% of total revenue, contributing 30-40% to gross profit. Total revenue decreased by 7% to $98.8 million, primarily due to a 13% decline in Base Solutions. The net loss widened to $12.5 million, a 39% increase year-over-year. However, adjusted gross margin remained stable at 95.6% and the company anticipates Plus Solutions to continue growing at over 40% annually.
BBTV Holdings Inc. (OTCQX: BBTVF) will announce its first quarter 2022 financial results after market close on May 16, 2022. A conference call, led by CEO Shahrzad Rafati and CFO Ben Groot, is scheduled for May 17, 2022, at 7:00am PT / 10:00am ET. Participants can connect via various dial-in numbers or access codes provided in the release. BBTV is a global media and technology firm focused on content creator success, aiming to drive revenue and viewership.
BBTV Holdings Inc. reported a significant increase in revenues for Q1 2022, with each division of Content Management, Direct Advertising, and Mobile Gaming Apps seeing growth exceeding 40% year over year. Overall, Plus Solutions revenue growth surpassed 60%. This performance indicates a strong demand for BBTV's content management services and partnerships with major clients like NBA and Sony Pictures. The company also maintains a retention rate above 90% for its media clients, showcasing effective solutions for top media brands.
BBTV Holdings Inc. announced a partnership with League of Legends Champions Korea (LCK) to provide Content Management solutions. This agreement enhances BBTV's role in managing rights for one of the most popular esports worldwide. The LCK is vital in esports, featuring ten teams and a direct route to the League of Legends World Championship, which peaked at nearly 74 million viewers in 2021. This collaboration signifies BBTV's focus on growing its Plus Solutions segment, a cornerstone of its business with high gross margins.
BBTV Holdings Inc. reports an impressive 81% revenue growth year-over-year for its Plus Solutions in the first two months of 2022. The company attributes this boost to strong performance across various revenue streams, including Content Management, Direct Advertising Sales, and Mobile Gaming Apps. Significant renewals and new partnerships enhance its enterprise client portfolio. CEO Shahrzad Rafati emphasizes the focus on revenue growth and gross margins, with continued momentum expected in all divisions as BBTV capitalizes on opportunities in the thriving $100 billion creator economy.
BBTV Holdings Inc. reported Q4 2021 financial results, showing a 41% increase in operating cash flow compared to the previous year, contributing over $7 million to the cash balance of approximately $31 million. Total revenue rose 26% year-over-year to $138.8 million, with Plus Solutions revenue up 55%. However, the company faced a net loss of $9 million, a 42% increase from Q4 2020. Looking forward, January's Plus Solutions revenue growth exceeded 60%, indicating a strong Q1 2022.
BBTV Holdings Inc. has partnered with ConsenSys to develop Web3 NFT solutions for content creators. BBTV, a leader in creator monetization, aims to leverage its network of nearly 5,000 creators and 600 million monthly viewers to enhance the NFT space. The partnership is expected to expand creators' marketing and content management capabilities while facilitating fan engagement through blockchain technology. BBTV's Web3 strategy includes the recent launch of a 'Pay to Crypto' solution, allowing creators to receive earnings in various cryptocurrencies.
BBTV Holdings Inc. (OTCQX: BBTVF) announced significant new partnerships with top content creators, including Tfue, Joogsquad, and Mobotv. These signings collectively add 27.8 million subscribers and millions of monthly views to BBTV's platform. The company aims to enhance its content library and drive revenue through these collaborations, further establishing itself in the rapidly expanding creator economy. BBTV's CEO, Shahrzad Rafati, emphasized the importance of providing comprehensive support to creators, allowing them to focus on content creation while monetizing their channels effectively.
BBTV Holdings Inc. (TSX: BBTV, OTCQX: BBTVF) will announce its fourth quarter and fiscal year 2021 financial results on March 29th, 2022, after market close. Following the announcement, a conference call will be held at 2:15 PM PT (5:15 PM ET), featuring CEO Shahrzad Rafati and CFO Ben Groot. The call will include a Q&A session. Investors can find a presentation accompanying the call on the website. BBTV aims to help creators maximize their success with innovative monetization technology.
BBTV Holdings Inc. (OTCQX: BBTVF) has appointed Erich Lochner as Senior Vice President, Creator Partnerships. Lochner, former VP at Jellysmack, brings significant experience in the creator economy. CEO Shahrzad Rafati highlighted the importance of platform expansion for revenue growth. This appointment is part of BBTV's strategy to enhance its leadership team, following recent executive hires. Lochner expressed enthusiasm for helping creators capitalize on emerging opportunities within the evolving landscape of the creator economy.
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