July 31, 2017

Investor News: Half Year Report

Investor News

[vc_row][vc_column width=”1/1″][vc_column_text]

31st July 2017

 

Brave Bison Group plc (AIM: BBSN), the independent digital media & social video business, today announces its interim year results for the six months ended 30 June 2017. For the full report please click here.

Financial Highlights

  • Net Revenue of £6million for the period, at a substantially increased gross profit margin of 48% (1H 2016: 39%), through increased focus on high margin business
  • Achieved positive Adjusted EBITDA of £64k for the period  (1H 2016 negative Adjusted EBITDA  of £839k)
  • Cash balance at end of period of £5.3m

Operational Highlights

  • Business momentum has been driven by six figure branded content deals
  • Investments made in high growth opportunities, including Rebel FC
  • Costs efficiency measures included the creation of Yellowstone Studios and centralising of operations in two major hubs, London and Singapore.
  • New CEO Claire Hungate appointed, to commence role in August 2017

Kevin Deeley, Chief Operating and Finance Officer, commented:

“When I agreed to take on the responsibilities of the Chief Executive Officer in January this year, it was with the aim of bringing some stability to this promising, innovative and creative business while a permanent CEO was sought. The financial results for the first half of the year demonstrate that Brave Bison has the potential to deliver strong performance by focussing on high-value activity as a producer and broadcaster of social video. I wish our new CEO Claire Hungate the very best as she takes on the leadership of this exciting business.”[/vc_column_text][/vc_column][/vc_row]

Further info

Rebecca Abigail ltd

Sebastian Aristizabal-Oviedo, Director
Telephone: +44 207 849 4513

Allenby Capital Limited – AIM Nominated Adviser and Broker

Jeremy Porter / Asha Chota
Telephone: +44 203 328 565

About Brave Bison

This is Brave Bison. We have social covered, end-to-end, upside-down and inside-out.

We inspire audiences with bold social content – for our clients, our partners and our own media brands.

Our universe is a global community of 158 million followers, generating billions of views every single month. This gives us real-time insight into what’s working, right here and right now.

We know how to deliver the right content, influencers, creators and strategies to excite audiences, worldwide. We do it for our own social-first media brands, our network of premium YouTube channels that we manage and for clients that include Spotify, Netflix, Apple, Uber Eats, and Uniqlo.

What we have in common – with our partners, followers and each other – is our love for this social world we live in and the way it connects us all across cultures, backgrounds and identities.

It never stops evolving. Neither do we.