Plus Solutions revenue is up 81% year over
year for February 2022 year-to-date,
as BBTV executes ahead of plan
VANCOUVER, BC, April 13,
2022 /CNW/ - BBTV Holdings Inc. (TSX: BBTV)
(OTCQX: BBTVF) (Frankfurt: 64V)
("BBTV" or the "Company"), the leading creator monetization company
with a mission to help creators become more
successful, provides a corporate update highlighting 81%
revenue growth for its Plus Solutions in the first two months of
the 2022 fiscal year.
- Each of BBTV's Plus Solutions revenue streams, including
Content Management, Direct Advertising Sales, and Mobile Gaming
Apps, are ahead of BBTV's guided 23% sustainable annual revenue
growth rate for our Plus Solutions.
- In the Company's Content Management division, following notable
renewals with the NBA, CMF and TEGNA, as well as BBTV's expanded
partnership with Paramount Global (formerly ViacomCBS), BBTV
continues to deepen and add additional partnerships to its leading
portfolio of enterprise clients.
- The Company continues to see momentum in its Direct Advertising
Sales division following the addition of new clients in Q4 2021,
including a top three player in the auto industry, a new major
studio client, and BBTV's first client in the non-profit public
health space.
- In February 2022, the Company
launched its first Mobile Gaming App in partnership with a major
studio client: Jackass Human Slingshot in partnership with
Paramount Global and Johnny
Knoxville. The Company also continues to see growth in
Lifetime Value (LTV) performance following the launch of the
Company's Live Events strategy, increasing revenue month over month
as high as 300% for apps with millions of players.
Shahrzad Rafati, Chairperson and
CEO, BBTV, comments: "The management team at BBTV is hyper focused
on increasing Plus Solutions revenue and driving strong gross
margins for the business. Building off of the 21% revenue increase
for our Plus Solutions in fiscal 2021, 2022 is really about
continued momentum in Content Management, Direct Advertising Sales,
Mobile Gaming Apps, and expanding our financial solutions for our
creators. The latter includes BBTV Fast Pay which has seen strong
adoption rates so far, demonstrating that our solutions are
essential to our creators. We're at the center of the $100 billion dollar creator economy, where the
two pillars of making money are reach and engagement. BBTV is a
global leader for both, and we are uniquely positioned to
capitalize on our scale and our massive library of content."
About BBTV
BBTV is a global media and technology company headquartered in
Vancouver, Canada. The Company's
mission is to help content creators become more successful. With
creators ranging from individuals to global media brands, BBTV
provides comprehensive, end-to-end Solutions to increase viewership
and drive revenue powered by its innovative technology, while
allowing creators to focus on their core competency – content
creation. In December 2021, BBTV had
the fourth most unique monthly viewers among digital platforms with
more than 600 million globally, who consumed more than 35 billion
minutes of video content [1]. (www.bbtv.com)
[1] Calculations and classifications made by BBTV based on data
from Comscore's "Top 12 Countries = December
2021 comScore Video Metrix Media Trend – Multi-Platform –
Top 100 Video Properties Report"; Top 12 countries represent ~50%
of world's digital population.
Forward Looking
Statements
This press release contains "forward-looking information" and
"forward-looking statements" within the meaning of applicable
securities laws (collectively, "forward-looking information").
Forward-looking information is not information about historical
facts but instead represents the Company's intentions, beliefs,
plans, goals, objectives and strategies regarding future events and
results. Forward-looking information contained in this press
release includes statements that BBTV has provided guidance that
Plus Solutions will have a 23% sustainable annual revenue growth
rate; BBTV continues to deepen and add additional partnerships to
its leading portfolio of enterprise clients; the management team at
BBTV is hyper focused on increasing Plus Solutions revenue and
driving strong gross margins for the business; and we are uniquely
positioned to capitalize on our scale and our massive library of
content. Forward-looking information is necessarily based on a
number of estimates and assumptions that the Company considered
appropriate and reasonable as of the date such information is
given, including but not limited to the Company's assumptions that
that the Company's current growth plans will not change in any
material respect; that its internal financial forecasts and models,
including its estimates of costs and revenue are accurate are
accurate; that its assumptions regarding continued growth, changes
and trends in the Company's industry and the global economy will be
met; that the Company's Plus Solutions revenue will continue to
grow as expected; that the Company will enter into an increasing
number of Direct Advertising Sales Deals, Content Management
agreements and initiatives; the timely receipt of required
regulatory approvals and strategic partner support; the absence of
new laws, regulations, rules or policies of governments, platforms
and other strategic partners, that may negatively impact the
business of BBTV; our ability to build our market share, enter new
markets and maintain and expand geographic scope; our ability to
obtain and maintain financing on acceptable terms; as well as the
Company's assumptions regarding foreign exchange rates.
Forward-looking information is subject to known and unknown risks,
uncertainties, and other factors, many of which are beyond the
Company's control, that may cause actual results, performance or
achievements to be materially different from those expressed or
implied by such forward-looking information, including but not
limited to the risk that the Company's assumptions on which its
forward-looking information is based may not be accurate; the
effect of competition; that the Company has a history of losses and
negative cash flow; that the Company's agreements with platforms,
creators or others may terminate early or not be renewed either on
similar terms or at all; that the Company's Plus Solutions may not
continue to be attractive to creators and may not realize our
expectations; the regulatory environment; litigation risk;
intellectual property risks; the Company's need for timely
performance by its creators and strategic partners; and the impact
of the continuing COVID-19 pandemic; as well as the factors
discussed under "Risk Factors" in the Company's Annual Information
Form dated March 29, 2022 and its
prospectus dated October 22, 2020,
both filed on Sedar at www.sedar.com, and in the Company's
other filings with the Canadian securities regulatory authorities
at www.sedar.com. The Company does not undertake any
obligation to update any forward–looking information, whether as a
result of new information, future events or otherwise, except as
expressly required by applicable law.
Contacts:
Media Relations
Mark Funston
Head of Marketing and PR
778-288-4950
mfunston@bbtv.com
Investor Relations
ir@bbtv.com
Ron Shuttleworth
Partner
Oak Hill Financial Inc
(647)–500–7371
rshuttleworth@oakhillfinancial.ca
BBTV-C
View original content to download
multimedia:https://www.prnewswire.com/news-releases/bbtv-provides-corporate-update-outlining-plus-solutions-growth-momentum-301525342.html
SOURCE BBTV Holdings Inc.