December 7, 2017

Investor News: Brave Bison Group Trading Update

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7th December 2017

Brave Bison Group plc (AIM: BBSN), the social video company, today provides a trading update for year to 31 December 2017.

The Board expects to report Net Revenues of approximately £9.1m, ahead of expectations, and an adjusted EBITDA* loss of £0.9m which includes a forecast £0.4m foreign exchange loss (2016: £1.4m gain).
*excludes exceptional items and share-based payments

The Group continues to move up the value chain, with an increased focus on production and branded content deals, resulting in higher-margin revenues. Although slower than originally anticipated, and therefore now expected to take somewhat longer to achieve profitability, it has resulted in a substantially reduced expected EBITDA* loss for 2017 (2016: loss of £1.8m).

At 30 November 2017, the Group had £4.1 million in cash and remains funded, on current expectations, to reach profitability.

The Group expects to announce full year 2017 results towards the end of March 2018, to include an update from the new management on the strategy for the 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

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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.