Brightcove - BCOV STOCK NEWS

Brightcove (NASDAQ: BCOV) has unveiled the 'Brightcove AI Suite', a new set of AI-powered capabilities integrated into their video cloud platform. This suite aims to enhance content creation, audience engagement, revenue generation, and cost efficiency for customers. The AI Suite includes five solutions: AI Content Multiplier, AI Universal Translator, AI Metadata Optimizer, AI Engagement Maximizer, and AI Cost-to-Quality Optimizer.

Leveraging Generative AI models from Anthropic, AWS, and Google, Brightcove's new offerings address key customer needs such as maximizing content utilization, driving engagement, growing revenue, and optimizing cost-to-quality ratios. The company is piloting these solutions with select customers and plans for general availability later this year. Brightcove also introduced the 'AI Pledge', committing to secure and transparent handling of customer data.

Brightcove (NASDAQ: BCOV) has been named the 'Best Overall Video Marketing Company' for the second consecutive year in the 7th annual MarTech Breakthrough Awards. The company's Marketing Studio solution was highlighted for its innovative features, including a new web-based video editing tool that simplifies content creation and management. Brightcove's video platform offers comprehensive tools for creation, distribution, and first-party data analysis, enabling businesses across industries to leverage video for audience engagement, product sales, and brand growth.

CEO Marc DeBevoise emphasized Brightcove's commitment to evolving their solutions to enhance enterprise clients' marketing and sales strategies. The MarTech Breakthrough Awards, which attracted over 4,000 nominations this year, recognize top companies in marketing, sales, and advertising technology globally.

Brightcove Inc. (NASDAQ: BCOV), a leading streaming technology company, announced that its CEO, Marc DeBevoise, and CFO, John Wagner, will present at the Sidoti Micro Cap Conference. The virtual presentation is set for Wednesday, August 14, 2024, at 1:00 p.m. Eastern Time.

A live webcast of the event will be accessible on the Brightcove investor relations website under the 'Events' section at https://investor.brightcove.com/events-presentations. Additionally, a replay of the webcast will be available for a time.

Brightcove (Nasdaq: BCOV) announced its financial results for Q2 2024, ending June 30. Revenue was $49.2 million, a 3% drop from $51 million in Q2 2023. Subscription and support revenue also fell by 3% to $47.4 million. However, Adjusted EBITDA rose to $3.8 million from $3.6 million.

Net income showed a loss of $5.2 million, improving from a $6.2 million loss in Q2 2023. Cash flow from operations was $4 million, down from $10.8 million. Free cash flow decreased to $1.8 million from $7.1 million. Brightcove ended Q2 with $24.2 million in cash.

Recent highlights include agreements with JCOM, FrightPix, and Sunn Stream. Brightcove's backlog totaled $182.2 million, a 3% increase YoY, and the average annual subscription revenue per premium customer reached a record $99,000.

For Q3 2024, revenue is expected between $48-$49 million, and Adjusted EBITDA between $2.5-$3.5 million. Full-year 2024 guidance forecasts revenue of $195.5-$198 million and Adjusted EBITDA of $14.5-$16 million.

Brightcove Inc. (NASDAQ: BCOV), a leading streaming technology company, has announced the date for its second quarter fiscal year 2024 earnings report. The company will release its financial results for the period ended June 30, 2024, after the U.S. financial markets close on August 7, 2024. Following the release, Brightcove will host a live earnings stream at 5:00 p.m. Eastern Time on the same day.

During the earnings stream, CEO Marc DeBevoise and CFO John Wagner will discuss the company's financial performance and provide insights into the current business outlook. Investors and interested parties can access the live stream through the 'Investors' page on Brightcove's website. An on-demand recording of the earnings stream will be made available on the company's investor page after the event concludes.

Brightcove (NASDAQ: BCOV) has announced that Sunn Stream, a streaming service offering family-friendly entertainment and educational content, has chosen its platform to manage, distribute, and monetize its content. Sunn Stream will utilize Brightcove's Emmy-award-winning technology to provide subscribers with a seamless, curated experience across all devices.

The partnership aims to combine Sunn Stream's unique content proposition with Brightcove's high-quality video streaming and personalized user experience. Brightcove CEO Marc DeBevoise highlighted the importance of reliable, customized entertainment options and access to analytics in the competitive streaming industry. Sunn Stream's founder emphasized their focus on creating a family-oriented experience with handpicked recommendations.

Brightcove (NASDAQ: BCOV), a leading streaming technology company, has announced its partnership with FrightPix, a new ad-supported video-on-demand service focused on horror, thriller, and true crime content. Launching on June 15, 2024, FrightPix will use Brightcove's advanced streaming platform to deliver high-quality, curated content to audiences across the U.S. The platform aims to provide a seamless viewing experience across all devices and leverage robust analytics for optimizing content and advertising strategies. This collaboration positions FrightPix to become a premier destination for genre enthusiasts.

Brightcove (NASDAQ: BCOV), a leading streaming technology company, announced a partnership with Japan's largest cable TV company, J:COM. Brightcove's platform will power J:COM's new streaming service, Ikimono Watch, which broadcasts content from Japanese zoos and aquariums. The app integrates with J:COM set-top boxes and utilizes Brightcove's Android SDK and Video Cloud API for efficient content management and viewing. J:COM's decision to use Brightcove underscores the platform's reliability and scalability. The successful launch is anticipated to drive future growth for the service.

Brightcove, a leading streaming technology company, announced its participation in the Rosenblatt Technology Summit. CEO Marc DeBevoise and CFO John Wagner will present virtually on June 13, 2024, at 9:00 a.m. ET. This event will be webcast live on the Brightcove investor relations website, with a replay available for a time.