December 7, 2017

Investor News: Brave Bison Group Trading Update

Investor News

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.

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

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.

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