Brightcove Stock Price, News & Analysis

Brightcove Inc. (NASDAQ: BCOV), a leader in streaming technology, announced that CEO Marc DeBevoise and CFO Rob Noreck will present at the Needham Virtual Growth Conference on January 12, 2023, at 11:45 a.m. ET. A live webcast of the presentation will be accessible on the Brightcove investor relations website, with a replay available for a limited time. Brightcove provides secure streaming technology solutions in over 80 countries, boasting two Technology and Engineering Emmy® Awards for innovation.

Brightcove Inc. (NASDAQ: BCOV) anticipates significant shifts in content distribution as brands and creators gain more agency over their platforms. With the streaming market projected to exceed $1.6 trillion by 2029, Brightcove highlights the emergence of the 'Producer Economy,' where creators own their content and distribution. CEO Marc DeBevoise emphasizes the need for brands to control their storytelling amidst evolving digital landscapes. Key trends include creators diversifying monetization channels and companies expanding digital reach through owned platforms.

Brightcove Inc. (NASDAQ: BCOV) announces the launch of PLAY Season 1, a streaming series featuring over 30 episodes focused on leveraging video for business growth. Premiering on November 8 at 10:00 AM EST, the series includes insights from industry experts, including guest appearances by Siân Heder and Billy Eichner. The series aims to assist businesses and media organizations in developing effective content strategies, enhancing revenue, and engaging audiences in the evolving digital landscape.

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.