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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. (OTCQX: BBTVF) will release its Q2 2021 financial results after market close on August 11, 2021. A conference call, led by CEO Shahrzad Rafati and CFO Todd Tappin, will take place the same day at 2:15 PM PT / 5:15 PM ET. Participants can dial in using numbers provided in the announcement. An Investor Highlights presentation will be available during the call. BBTV is focused on helping creators monetize content, having recorded over 600 million unique viewers globally, with more than 50 billion minutes of video consumed in January 2021.
BBTV Holdings Inc. (BBTVF) presented a corporate update highlighting its growth since going public on October 28, 2020. The company anticipates being Adjusted EBITDA positive by next fiscal year, despite a recent dip in share price. Key management changes were announced, including the appointment of Ben Groot as Acting CFO. BBTV reported significant audience reach, with over 600 million people monthly, and noted the expansion of its Direct Ad Sales and mobile gaming initiatives. The company is also venturing into NFTs, with an initial project involving music producer Zaytoven.
BBTV Holdings Inc. (TSX: BBTV) (OTCQX: BBTVF) has appointed Martin Cass as a strategic consultant for its Advertising Sales division. This move aims to enhance BBTV's Direct Advertising solutions and strengthen relationships with brands and agencies. Cass brings over 30 years of global executive experience, having founded MDC Partners media operations and held various leadership roles. His expertise will help BBTV tap into the creator economy, providing new opportunities for advertisers and potentially accelerating the company's growth trajectory.
BBTV Holdings Inc. (BBTVF) announced a $250,000 investment in Nifty's, Inc., a social NFT platform, aimed at expanding its NFT division. This investment aligns with BBTV's growth strategy to offer new revenue streams for creators and enhance engagement with their fans. The partnership coincides with Nifty's platform launch and collaborations with significant investors. BBTV’s Chairperson, Shahrzad Rafati, emphasized the potential for creators to monetize their intellectual property through NFTs, tapping into BBTV's extensive IP library.
BBTV Holdings has filed a Notice of Intention for a Normal Course Issuer Bid (NCIB) with the Toronto Stock Exchange, pending approval. The company aims to buy back up to 5% of its Subordinate Voting Shares over the next 12 months if the shares are undervalued. This initiative is expected to stabilize the market and enhance shareholder value. Purchases will be executed through open market transactions, with shares being returned to the treasury and canceled post-acquisition. Approval and commencement dates will be announced later.
BBTV Holdings Inc. announced the outcomes of its annual general and special meeting held on June 30, 2021. All proposals were approved, with approximately 87.02% of shareholder votes represented. A total of five directors were elected, with Shahrzad Rafati receiving 98.97% support, followed by Hamed Shahbazi (99.50%) and Michele Romanow (99.81%). PricewaterhouseCoopers LLP was appointed as auditor, and shareholders approved an amendment to the company's Legacy Stock Option Plan, enabling extension of option expiry dates during blackout periods.
BBTV Holdings Inc. (BBTVF) reported significant achievements in its Direct Advertising and Branded Entertainment campaigns, showcasing growth in its Plus Solutions. The company secured campaigns across multiple consumer verticals, partnering with well-known brands like PUMA and Thrive Market. The digital video advertising market is projected to reach $185B by 2026, fueled by millennial and Gen Z consumers. BBTV boasts 600 million monthly unique viewers and over 50 billion minutes watched monthly, reinforcing its prominent position in the creator economy.
BBTV Holdings Inc. (BBTVF), based in Vancouver, announced major creator signings, increasing its content library by adding 1.7 billion monthly views. Among the notable signings are Willam Belli, Magnus The Therapy Dog, Woodka, Lucky Maker, and Tsuriki Show. With these additions, BBTV continues to enhance its reach and monetization capabilities. The company aims to support creators with its Base and Plus Solutions to maximize the value of their intellectual property.
BBTV Holdings Inc. (OTCQX: BBTVF) will hold its Annual General and Special Meeting of Shareholders virtually on June 30, 2021, at 1 PM Pacific time. The proposed Shareholder Resolution to change the name of common shares to Multiple Voting Shares and create Subordinate Voting Shares has been withdrawn as exemptive relief is no longer needed under the Restricted Share Rules. Shareholders of record as of May 3, 2021, can attend and vote. More information is available on the SEDAR and BBTV's website.
BBTV Holdings Inc. reported a 16% revenue growth in Q1 2021, totaling $106.5 million, up from $91.8 million in Q1 2020. Gross profit rose by 17% to $9.6 million, while net loss narrowed to $9.1 million compared to a $13.5 million loss a year earlier. Adjusted gross margin improved to 96%. The company expanded its creator solutions with partnerships on platforms like Instagram and TikTok, projecting continued growth in upcoming quarters.
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