July 31, 2018

Investor News: Half-Year Report 2018

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31st July 2018

 

Brave Bison Group plc (AIM: BBSN), the social video company, today announces its unaudited interim results for the six months ended 30 June 2018.

Financial Highlights

  • Net Revenue of £9.3 million for the period, at an increased gross profit margin of 32% (1H 2017: £10.5 million* at 28%). Growth driven by higher margin platform advertising
  • Achieved Adjusted EBITDA of £79,000 for the period (1H 2017 Adjusted EBITDA of £64,000)
  • Cash balance at 30 June 2018 of £4.2 million
    *revenues restated as a result of the adoption of IFRS 15 “Revenues from Contracts with Customers”, see Note 2

Operational Highlights

  • The fourth biggest media publisher in the world over the last quarter for views, according to Tubular Labs, based on average position on its global leader board. Brave Bison channels averaged 4.5 billion views a month during this period (April-June 2018)
  • Expanded APAC business into South Korea and Indonesia, as well as a new partnership with video marketplace, UNRULY
  • New strategic partnerships with global information technology and peripherals producer and Golf’s European Tour
  • Kate Burns appointed as Non-Executive Director to strengthen the Board’s digital media experience
  • Announcement of Perk and Mutha, two new editorialised multi-platform channels to be launched in August 2018. Mutha’s first project will be working with the United Nations Environment Programme

Claire Hungate, Chief Executive Officer, commented:
“When I took over the role as CEO of Brave Bison almost 10 months ago I said I could see ‘green shoots’ of opportunity after a period of upheaval. The business required focus and nurturing in a fast changing, highly competitive and fragmented market. These half year results show growth and consolidation as we begin to see the benefits of our new direction powered by strategy, origination and distribution. We’ve streamlined the business in preparation for strategic investment to deliver future growth, and we will continue to see delivery on this investment as we head into 2019.”

 

For the full Half-Year Report for 2018, please click here.

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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.