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Brightcove, Inc. - BCOV STOCK NEWS

Welcome to our dedicated page for Brightcove news (Ticker: BCOV), a resource for investors and traders seeking the latest updates and insights on Brightcove stock.

Brightcove Inc. (NASDAQ: BCOV) is a prominent provider of robust cloud solutions for delivering and monetizing video content across all connected devices. Based in Boston, Massachusetts, Brightcove's cutting-edge technology simplifies the complexities associated with publishing, distributing, measuring, and monetizing multi-screen video.

The company caters to a diverse clientele, including media companies, broadcasters, digital publishers, sports and entertainment firms, fashion and hospitality brands, faith-based institutions, retail and e-commerce businesses, as well as technology organizations, government agencies, educational institutions, and non-profits. Brightcove boasts an impressive roster of over 5,500 customers spanning more than 70 countries.

Brightcove's flagship product, Brightcove Video Cloud, empowers clients to publish and distribute video content to internet-connected devices efficiently. This service operates on a subscription-based software-as-a-service (SaaS) model, contributing significantly to the company's revenue. Another notable product is Zencoder, a cloud-based video encoding service that further enhances Brightcove's offerings.

In addition to its core products, Brightcove continually explores new projects and partnerships to maintain its market position and ensure the profitability and success of its clients. The company's recent achievements and ongoing initiatives reflect its commitment to innovation and customer satisfaction.

Brightcove's financial health demonstrates a stable and growing enterprise with a substantial portion of its revenue generated in North America and Asia. The company remains dedicated to expanding its global footprint and enhancing its suite of video solutions.

For those interested in career opportunities with Brightcove, more information can be found on their careers page. To stay updated with the latest news and developments, visit their official website.

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Brightcove (NASDAQ: BCOV) has been chosen by Sistema Brasileiro de Televisão (SBT), one of Brazil's largest TV networks, to power its new AVOD app, +SBT, scheduled to launch in April. This partnership will allow SBT to stream content from its more than 100 broadcast stations throughout Brazil using Brightcove’s award-winning technology. The CEO of Brightcove, Marc DeBevoise, highlighted the significance of this partnership, emphasizing the increasing demand for high-quality streaming experiences. SBT's Chief Transformation Officer, Roberto Grosman, expressed confidence in Brightcove's robust streaming solutions, which will enable them to provide secure and high-quality video streams while gaining valuable first-party data analytics to enhance their content and streaming strategy.
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Brightcove Inc. (NASDAQ: BCOV) to present at Needham Growth Conference on January 16, 2024. CEO and CFO to present virtually at 8:45 a.m. Eastern Time. Webcast available on investor relations website.
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Brightcove (NASDAQ: BCOV) appoints Kathy Klingler as CMO and Jim Norton as CRO, with David Beck elevated to COO. The company aims to leverage their expertise to drive growth and innovation in the streaming technology industry.
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Brightcove (NASDAQ: BCOV) has expanded its partnership with Socialive, a leading video content creation platform, to provide customers with additional remote video production capabilities, enhancing their live streaming solution and reinforcing internal communications strategies.
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Brightcove Inc. (Nasdaq: BCOV) announced its financial results for Q3 2023, reporting a decrease in revenue by 5% to $51.0 million compared to Q3 2022. The company's gross profit was $31.7 million, representing a gross margin of 62%. Adjusted EBITDA was $5.5 million, an increase of 12% compared to Q3 2022. Cash flow provided by operations was $2.1 million, and free cash flow was negative $2.2 million. Brightcove had 2,618 customers, of which 2,077 were premium, and the 12-month backlog was $121.1 million, a 6% increase year-over-year.
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Brightcove Inc. to report Q3 fiscal year 2023 results on November 1, 2023
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Brightcove welcomes Acquia as a customer, integrating its streaming technology for video-forward experiences
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Brightcove selected by In The Black Network to power its AVOD streaming service, expected to launch in October. ITBN will leverage Brightcove's technology to deliver content globally on demand with the best-in-class streaming technology platform. ITBN will also use Brightcove's Ad Monetization service to maximize ad revenue opportunities.
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Brightcove Inc. announces Q2 2023 financial results. Revenue decreases by 6% to $51.0 million. Gross profit decreases to $32.5 million with a gross margin of 64%. Loss from operations is $6.3 million. Net loss is $6.2 million. Adjusted EBITDA is $3.6 million. Cash flow provided by operations is $10.8 million. Free cash flow is $7.1 million. Cash and cash equivalents are $19.1 million. Net revenue retention is 95%. 12-month backlog is $124.8 million. Average annual subscription revenue per premium customer decreases to $94,800. Ended Q2 2023 with 2,691 customers. Third quarter revenue expected to be $50.0 million to $51.0 million. Full year revenue expected to be $201.0 million to $203.0 million.
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FAQ

What is the current stock price of Brightcove (BCOV)?

The current stock price of Brightcove (BCOV) is $4.38 as of December 20, 2024.

What is the market cap of Brightcove (BCOV)?

The market cap of Brightcove (BCOV) is approximately 196.5M.

What does Brightcove Inc. do?

Brightcove Inc. provides cloud-based solutions for delivering and monetizing video content across internet-connected devices.

Who are Brightcove’s customers?

Brightcove's customers include media companies, broadcasters, digital publishers, sports and entertainment firms, fashion brands, and more.

What is Brightcove Video Cloud?

Brightcove Video Cloud is the company's flagship product that enables efficient publishing and distribution of video content on internet-connected devices.

How does Brightcove generate revenue?

Brightcove generates revenue through a subscription-based software-as-a-service model, primarily from its Video Cloud product and other services like Zencoder.

What are Brightcove’s recent achievements?

Brightcove continues to innovate with new projects and partnerships, enhancing its products and expanding its global customer base.

In which regions does Brightcove generate most of its revenue?

Brightcove generates a significant portion of its revenue in North America and Asia.

What is Zencoder?

Zencoder is a cloud-based video encoding service offered by Brightcove to simplify the video encoding process.

How many customers does Brightcove serve?

Brightcove serves over 5,500 customers in more than 70 countries.

Where can I find career opportunities at Brightcove?

Career opportunities at Brightcove can be found on their careers page at https://www.brightcove.com/en/company/careers.

How can I stay updated with the latest news from Brightcove?

To stay updated with the latest news and developments from Brightcove, visit their official website at https://www.brightcove.com.

Brightcove, Inc.

Nasdaq:BCOV

BCOV Rankings

BCOV Stock Data

196.53M
42.66M
5.58%
76.89%
0.34%
Software - Application
Services-computer Processing & Data Preparation
Link
United States of America
BOSTON