Brightcove Inc. (BCOV)
NASDAQ (NGS) NASDAQ (NGS) Primary Summary
BCOV STOCK ALERT: Halper Sadeh LLC Is Investigating Whether The Sale Of Brightcove Inc. Is Fair To Shareholders
NEW YORK, NY / ACCESSWIRE / November 26, 2024 / Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Brightcove Inc. (NASDAQ:BCOV) to Bending Spoons for $4.45 per share in cash is fair to Brightcove shareholders. Halper Sadeh encourages Brightcove shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].
Brightcove's Q3 Didn't Bring Much Change, The Stock Continues To Be A Hold
Brightcove Inc.'s Q3 2024 earnings show stagnant revenues and profits, with a 2% YoY revenue decline and breakeven operating profitability despite adjusted EBITDA improvements. The company is gaining new customers but not enough to offset churn, with a net retention rate of 93% including add-ons and 80% excluding them. Brightcove's valuation appears low at less than 0.5x sales, but profitability concerns and high OpEx make the stock unattractive without significant revenue growth.
Brightcove Inc. (BCOV) Q3 2024 Earnings Call Transcript
Brightcove Inc. (NASDAQ:BCOV ) Q3 2024 Earnings Conference Call November 4, 2024 5:00 PM ET Company Participants Marc DeBevoise - Chief Executive Officer John Wagner - Chief Financial Officer Conference Call Participants Steven Frankel - Rosenblatt Securities Inc. Maxwell Michaelis - Lake Street Capital Markets Operator Good afternoon and welcome to Brightcove's Third Quarter 2024 Earnings Presentation. Today, we'll discuss the results announced in our press release issued after the market closed.
Brightcove Inc. Profile
| - Industry | - Sector | Mr. Marc DeBevoise CEO | NASDAQ (NGS) Exchange | 10921T101 CUSIP |
| United States Country | 671 Employees | - Last Dividend | - Last Split | 17 Feb 2012 IPO Date |
Overview
Brightcove Inc. is a leading provider in the delivery of cloud-based streaming services across a broad geographic area, including the Americas, Europe, the Asia Pacific, Japan, India, and the Middle East. Founded in 2004 and headquartered in Boston, Massachusetts, Brightcove specializes in offering an array of video streaming platforms and solutions designed to enable customers to publish, deliver, and distribute high-quality video content to internet-connected devices. The company's services cater to a wide range of industries such as media, broadcast, digital publishing, sports, entertainment, fashion, hospitality, retail, e-commerce, and various governmental, educational, and non-profit sectors.
Products and Services
- Video Cloud:
An online video streaming platform that powers its customers to publish, deliver, and distribute high-quality video content to internet-connected devices.
- Brightcove Marketing Studio:
A video streaming solution tailored for marketers, aiding in engagement and reach through powerful video content.
- Brightcove Communications Studio:
Designed for marketers and corporate communications professionals, this solution facilitates the management and distribution of video content for internal communications, training, and promotional activities.
- Brightcove Media Studio:
A comprehensive solution for OTT video services, media publishers, and broadcasters, offering tools for video monetization, live streaming at scale, and engaging audiences throughout their lifecycle.
- Brightcove Audience Insights:
An advanced customer data platform that provides businesses in the video streaming sector with valuable insights into their audience's behavior and preferences.
- Zencoder:
A cloud-based video encoding service that enables the conversion of video files into various formats for optimal playback on different devices and platforms.
- Brightcove Beacon:
A cutting-edge platform that empowers customers to launch premium OTT video streaming experiences, facilitating the reach and engagement of diverse audiences.
- Brightcove Marketplace:
An extensible framework for customers and developers to enhance their video streaming experiences through a wide range of integrations and add-ons.
In addition to these primary products and services, Brightcove also offers other essential services such as ad monetization; professional services; comprehensive customer success, support, and documentation; tailored online and onsite training solutions; and an array of developer solutions including video.js for custom video player development. The company caters to an extensive clientele ranging from media companies to government agencies, providing each with tailored solutions to meet their specific video streaming needs.
