Brightcove - BCOV STOCK NEWS

Brightcove Inc. has been recognized as a Leader in the Aragon Research Globe for Enterprise Video, 2022, demonstrating excellence in product performance, strategy, and vision. The report evaluated 15 vendors, highlighting Brightcove's capability to address the growing demand for video technology as organizations increasingly rely on it for customer engagement and employee communication. This accolade positions Brightcove favorably amid the ongoing digital transformation occurring in various industries.

Riverside.fm, an online video capture tool, announced a partnership with Brightcove (NASDAQ: BCOV) on January 5, 2022. This partnership integrates Riverside.fm into the Brightcove Marketplace, enhancing workflows for mutual customers. Riverside.fm's CEO emphasized the platform's reliability for 4k video recording. Brightcove's VP noted that this integration will help content creators deliver high-quality audio and video through a trusted platform. Riverside.fm, established in 2019, is already utilized by major publishers and enterprises.

Brightcove Inc. (NASDAQ: BCOV) announced results from independent studies showing that enterprises and media organizations achieve a 225% and 226% ROI, respectively, within six months. Conducted by Forrester Consulting, the Total Economic Impact™ studies reveal significant cost savings and benefits through Brightcove's platform. Key findings include 80% reduction in content migration time and 83% decrease in manual management tasks. Media organizations also reported enhanced quality and customer lifetime value through improved content processing.

Brightcove Inc. (BCOV) reported Q3 2021 financial results with revenue of $52.2 million, up 6% year-over-year, and subscription revenue of $49.2 million also rising 6%. However, a loss from operations of $233,000 was noted, contrasting with a profit of $1.3 million in Q3 2020. Net loss reached $1.0 million, or $0.02 per diluted share. Positive highlights include a recurring dollar retention rate of 93% and an acquisition of HapYak technology. Looking forward, Q4 2021 revenue is projected between $51.0 million and $52.0 million, while full year revenue guidance stands at $209.5 to $210.5 million.

Brightcove (NASDAQ: BCOV) announced the acquisition of HapYak technology from Newsela to enhance video interactivity. The integration will allow Brightcove users to incorporate features like clickable hotspots, quizzes, and personalized viewer paths into videos. This acquisition is intended to improve viewer engagement and provide data-driven insights for businesses. The closing is expected in Q4 2021, subject to customary conditions. Brightcove has collaborated with HapYak since 2013, ensuring a strong technology partnership.

Brightcove Inc. (NASDAQ: BCOV) will release its third quarter financial results for the period ending September 30, 2021, after U.S. market close on October 27, 2021. Following the announcement, the company will host a conference call that day at 5:00 PM ET to discuss the results and outlook. Investors can join the live webcast on the company’s website. A replay will be available until November 3, 2021. Brightcove is known for its video technology solutions that connect businesses with audiences globally.

Brightcove Corp has launched Brightcove CorpTV, a new solution aimed at helping organizations engage and retain audiences by creating custom-branded streaming channels. This innovative platform allows companies to stream diverse content, sell ad time, and develop stronger connections with customers across devices, including connected TVs. Brightcove CorpTV consolidates video assets and measures viewership, facilitating continuous audience engagement. The initiative reflects a strategic shift towards media-centric approaches, potentially driving brand loyalty and new revenue streams.

Brightcove Inc. (NASDAQ: BCOV) has launched the Brightcove Marketing Studio™, a new solution designed to enhance video asset discovery and usage for marketers. This tool addresses challenges faced by marketing teams, such as technical constraints and inefficient video management. The Marketing Studio offers role-based access to centralized video assets, smart search capabilities, and performance insights. As video becomes increasingly essential in digital marketing, Brightcove aims to empower marketers to optimize content creation costs and achieve better engagement and financial returns.

Brightcove Inc. (NASDAQ: BCOV) is hosting the Brightcove PLAY 2021 conference on October 5-6, focusing on video strategies for monetization and engagement. Featuring over 50 industry leaders, the virtual event will include discussions on the Oscar-nominated documentary Crip Camp, presented by its directors. Day two will cover practical insights on video platform optimization, touching on various topics like OTT profitability and content security. The conference is free and accessible on multiple devices.