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.
Brightcove Inc. (Nasdaq: BCOV) released its Q3 2022 financial results, achieving revenue of $53.9 million, a 3% increase from Q3 2021. Subscription revenue rose 5% to $51.8 million. Despite a slight drop in gross margin to 63%, non-GAAP gross profit remained steady at $34.5 million. The company posted a net loss of $1.7 million, or $0.04 per share. Adjusted EBITDA grew to $4.9 million. Brightcove maintains a strong customer base with a 95% recurring dollar retention rate. The outlook for Q4 2022 expects revenue between $49.2 million and $50.2 million.
Brightcove (NASDAQ: BCOV), a leader in streaming technology, will host a live-streamed Investor Presentation on November 9, 2022, from 2:00 PM to 4:00 PM ET. CEO Marc DeBevoise and CFO Rob Noreck will present the company's vision, strategy, and growth initiatives, along with insights into its product portfolio and marketing activities. The presentation will be streamed via Brightcove's investor relations website, with an on-demand option available afterward.
Brightcove (NASDAQ: BCOV) is set to report its third quarter results for the period ending September 30, 2022, after U.S. markets close on November 2, 2022. The earnings call will be streamed live at 5:00 p.m. Eastern Time, featuring CEO Marc DeBevoise and CFO Rob Noreck discussing the financial outcomes and current business outlook. For access, visit the Company’s Investors page. Brightcove specializes in streaming technology solutions, aiming to enhance connections between businesses and audiences globally.
Brightcove Inc. (Nasdaq: BCOV) reported Q2 2022 revenue of $54.4 million, up 6% year-over-year. Subscription and support revenue increased 9% to $53.0 million. Gross profit was $35.7 million with a gross margin of 66%. A net loss of $301,000 or $0.01 per diluted share was reported, contrasting with a net income of $870,000 in Q2 2021. The company anticipates Q3 2022 revenue between $52.0 million and $53.0 million. New strategies and leadership appointments were mentioned to enhance growth.
Brightcove Inc. (NASDAQ: BCOV) announces the appointment of Trisha Stiles as Chief People Officer, effective August 29. Stiles, a seasoned HR executive with over 20 years of experience at Fortune 500 companies, will oversee human resource strategies and drive diversity, equity, and inclusion initiatives. Brightcove's CEO, Marc DeBevoise, expressed confidence in Stiles' ability to strengthen company culture and attract top talent. Stiles previously led HR for companies like Tableau and CBS Interactive, enhancing growth and performance.
Brightcove (NASDAQ: BCOV) has appointed Dan Freund as Chief Revenue Officer (CRO), effective August 1, 2022. Freund will oversee global sales and customer success, aiming to enhance revenue performance and execute the company’s go-to-market strategy. With over 25 years of experience, including leadership roles at Brandwatch and Oracle, Freund is recognized for driving growth and customer success. CEO Marc DeBevoise expressed enthusiasm for Freund's collaborative approach to expanding Brightcove's global presence in streaming technology.
Brightcove Inc. (NASDAQ: BCOV) will report its second quarter results for the period ending June 30, 2022, after U.S. market close on August 2, 2022. The earnings report will be followed by a live stream at 5:00 p.m. EDT to discuss the company’s financial outcomes and business outlook. Investors can access the stream via Brightcove’s investor page. The company is recognized for its reliable streaming technology solutions, aimed at enhancing connections between businesses and audiences globally.
Brightcove Inc. (NASDAQ: BCOV) has appointed David Beck as its first Chief Strategy and Corporate Development Officer. Beck will work alongside new CEO Marc DeBevoise, focusing on enhancing existing offerings and expanding into new markets. With over two decades of experience at renowned companies, Beck aims to drive strategic growth initiatives for the company. His previous roles include significant contributions to AMC's streaming transformation and WarnerMedia's corporate strategy.
Brightcove Inc. (Nasdaq: BCOV) reported Q1 2022 revenue of $53.4 million, down 3% from $54.8 million in Q1 2021. Subscription revenue increased 2% to $51.6 million. Gross profit was $34.4 million with a 64% margin. The company faced a net loss of $1.6 million, compared to a net income of $5.1 million last year. Adjusted EBITDA fell to $5.1 million from $8.6 million in Q1 2021. For Q2 2022, revenue guidance is set at $51.5M to $52.5M, and full-year revenue is projected between $210M and $215M.
Brightcove Inc. (NASDAQ: BCOV) is set to report its first quarter financial results for the period ending March 31, 2022, post-market on April 27, 2022. The company will conduct a conference call on the same day at 5:00 PM ET to discuss the results and future outlook. Brightcove, a leader in video technology solutions, aims to enhance connections between businesses and audiences worldwide. The call can be accessed via phone or through a live webcast on their investor page, with a replay available until May 4, 2022.
FAQ
What is the current stock price of Brightcove (BCOV)?
What is the market cap of Brightcove (BCOV)?
What does Brightcove Inc. do?
Who are Brightcove’s customers?
What is Brightcove Video Cloud?
How does Brightcove generate revenue?
What are Brightcove’s recent achievements?
In which regions does Brightcove generate most of its revenue?
What is Zencoder?
How many customers does Brightcove serve?
Where can I find career opportunities at Brightcove?
How can I stay updated with the latest news from Brightcove?
