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.”

For further information, contact:

Rebecca Abigail ltd
Sebastian Aristizabal-Oviedo, Director
Email: bravebison@rebeccaabigailpr.com
Telephone: +44 207 849 4513

Allenby Capital Limited – AIM Nominated Adviser and Broker
Jeremy Porter / Asha Chotai
Tel: 020 3328 5656

About Brave Bison
Brave Bison is a social video company, specialising in cross-platform video content, connecting global audiences through social media. Its online communities reach over 135 million followers.

Brave Bison is one of the largest YouTube channel partners, with more than 700 channels offering targeted inventory opportunities, alongside in-house specialists that deliver audience development and optimisation. Brave Bison provides expertise across strategy, research, data driven insights, creative and production.

Brave Bison’s cultural connections and extensive networks have built long-standing client relationships with brands including P&G, Land Rover and Lego. With more than 70 members of staff across London, Singapore, Japan and Korea, the eight-year-old business continues to stay at the forefront of this fast-moving digital age.